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Caroline Esinam Adzogble’s Excellence Award To Give 1 Million Dollars Worth Of Scholarships To 100 African Students.

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26-year-old Caroline Esinam Adzogble, one of Africa’s fastest rising female Icons in Education and Technology through her Mercy Heart Foundation has launched the “Caroline Excellence Awards” which is committed to awarding $1M (one million American dollars) worth of partial and full scholarships to 100 well deserving and brilliant but needy African students each year.

The launch of the award took place at the Movenpick Ambassadors Hotel on the 31st of August 2018 and in attendance were media persons and her team.

Caroline, addressing the media expressed excitement saying, “My ethos as an entrepreneur is to uplift Education within Africa and beyond and to make it the most affordable and accessible to all. This is a special moment for me and I am extremely humbled. This is a dream come through and I am thankful for the support of my Partners who have made this project possible, especially the American University of Malta which has been a phenomenal support system and a firm believer in equitable education for all across the globe. They have supported my work even before, we launched the Scholarship scheme.”

She further revealed her drive to undertake this project, “My only fulfillment comes from knowing that students who couldn’t get to school due to financial barriers will finally have the opportunity to go to school and pursue their dreams in the long run.”

She ended by detailing the future of the award scheme with the intention to add on more beneficiaries in the coming years.

“I look forward to increasing the number of scholarship awards and partners each year to reach more deserving students as Education is a right and not a Privilege”. She said.

Tuition Scholarships range from 20% – 100% and students will gain guaranteed admission to the following partner universities; American University of Malta, Brunel University, National College of Ireland, Middlesex University and University of Nicosia

Although students from all African countries can apply, priority will be given to Students based in Ghana, Nigeria, Kenya, Tanzania, Uganda, Rwanda, Ethiopia, Zimbabwe, Senegal and Togo.

Applications will be open from now till December 20th, and can only be submitted through the “Admission in 30minutes” App available on the Google Play Store and Apple App Store or through the website at https://admissionin30minutes.com/caroline-excellence-awards.

Winners will be announced on the 13th of January 2019 and Caroline will embark on a tour commencing on the 21st January, 2019 to award all 100 recipients in their various countries.

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Summerhill Estates Appeal To Government For Construction Of ‘Ashaiman-Nanakrom Santoe’ Road

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At a media engagement with Summershill Estates Limited to mark its first anniversary of delivering exquisite, luxurious and affordable apartments, the management appealed to Government to speed efforts at constructing the ‘Ashaiman-Nanakrom Santoe’ Road to ease the flow of people and goods on that stretch of the road network as part of Government’s promise to create an enabling business environment for the private sector to flourish.

They added that, the said road which was captured in the 2019 budget as delivered by Honorable Ken Offori-Atta the Finance Minister of the republic as part of the China Bauxite Sinohydro deal is in a bad state and has affected the smooth running of their business since its establishment a year ago.

This appeal was made by Management during a session with the media on Tuesday July 16, 2019 when a selected section of media were engaged in an interaction and a tour of the Summerhill Estate Facility as part of its One Year Anniversary celebration.

Summerhill Estates is a liability limited company which forms part of a subsidiaries of the Nananom Group of Companies headquartered in Toronto-Canada some thirteen (13) years ago. Summerhill Estates seeks to complement Government’s efforts at bridging the yawning housing deficit in the country by providing very luxurious and yet affordable housing for all and sundry. It boasts of a 54 plush apartment facility with fully furnished and fitted kitchens for short and long stays without having to make lump sum initial deposits.

The business concept is said to have been premised on the Group CEO and Chairman’s (Dr. George Obeng) quest to make home so available to all levels of the society.

Check out photos of Summerhill Estate Ltd located at East Legon Hills on the ‘Ashaiman-Nanakrom Santoe’ Road.

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KPMG Plots Sale Of Pensions Arm.

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Big Four auditor, Klynveld Peat Marwick Goerdeler (KPMG) is exploring a sale of its British pensions advisory business.

The division – which is one of the largest working in this sector in the UK with £50billion of assets under advice – counsels pension funds and other major investors about where they should put their money. It has approximately 450 staff.

City sources claim the pensions arm could command a price tag of around £120million.

The company did not say which groups had expressed interest in buying the business. A KPMG spokesman said: ‘We have made no firm decisions over any eventual outcomes at this stage.’

a sign on the side of a building: City sources claim the pensions arm could command a price tag of around £120million
© Provided by Associated Newspapers Limited City sources claim the pensions arm could command a price tag of around £120million

The sale comes at a time when Britain’s major beancounters are wrestling with reforms of the industry after a string of high-profile accounting blunders.

The structure of auditing firms has come under scrutiny, with MPs on parliament’s business committee calling for a full-break up of the Big Four firms KPMG, PwC, Deloitte and EY.

Former London Stock Exchange chairman Sir Donald Brydon is investigating the future of auditing in a review for the Government.

Scandal-hit KPMG signed off on outsourcer Carillion’s accounts before it went bust in January 2018. It has had to pay millions of pounds in penalties for errors in the audits of major companies such as Ted Baker and the Co-Operative Bank.

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FOREIGN: Trump blasts Bitcoin, Facebook’s Libra.

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WASHINGTON (Reuters) - U.S. President Donald Trump on Thursday criticized Bitcoin, Facebook's proposed Libra digital coin and other cryptocurrencies and demanded that companies seek a banking charter and make themselves subject to U.S. and global regulations if they wanted to "become a bank."

"I am not a fan of Bitcoin and other Cryptocurrencies, which are not money, and whose value is highly volatile and based on thin air," Trump wrote on Twitter.

"If Facebook and other companies want to become a bank, they must seek a new Banking Charter and become subject to all Banking Regulations, just like other Banks, both National and International," he added.Facebook said last month it would launch its global cryptocurrency in 2020. Facebook and 28 partners, including Mastercard Inc , PayPal Holdings Inc and Uber Technologies Inc , would form the Libra Association to govern the new coin. No banks are currently part of the group. JPMorgan Chase & Co , the largest U.S. bank by assets, plans to launch its own digital coins. 

Libra logo in illustration picture
© Reuters/Dado Ruvic Libra logo in illustration picture.

Trump's comments come one day after Federal Reserve Chairman Jerome Powell told lawmakers that Facebook's plan to build a digital currency called Libra could not move forward unless it addressed concerns over privacy, money laundering, consumer protection and financial stability.

Powell said the Fed had established a working group to follow the project and was coordinating with other countries' central banks, several of which have also expressed concern about Facebook's digital currency project.

The U.S. Financial Stability Oversight Council, a panel of regulators that identifies risks to the financial system, is also expected to conduct a review.

Facebook, the White House and the Treasury Department did not immediately respond to requests for comment. A spokeswoman for the Federal Reserve declined to comment.Bitcoin , the best-known digital coin, was created in 2008 as an alternative to currencies controlled by governments and banks, but crypto trading and digital currencies remain largely unsupervised. The market has also faced allegations of money laundering and terrorist financing.

Trump's series of tweets on cryptocurrency also come on the heels of an event at the White House where the president criticized large technology companies that he said treated conservative voices unfairly.

The Internet Association, a trade group representing major tech firms like Facebook, Twitter and Google, said: "Internet companies are not biased against any political ideology, and conservative voices in particular have used social media to great effect."

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“AFCFTA To Create Investment Hub For Ghana. – Ken Ofori-Atta

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Mr. Ken Ofori-Atta, Minister for Finance, has said that Ghana’s hosting of the Secretariat of the African Continental Free Trade Agreement (AfCFTA) would create an opportunity for the country to become the trade facilitation and investment hub in Africa.

According to him, the Continental Free Trade Area, which would be the largest trading block in the world with a GDP of about US$3 trillion and 1.3 billion populations, would begin the economic emancipation of the people on the continent.

Mr. Ofori-Atta made the point in a contribution to a statement by Mr. Alan Kyerematen, Minister for Trade and Industry on the Floor of Parliament, in Accra, on the AfCFTA and Ghana’s selection to host the Secretariat.

The creation of a single continental market for Africa had long been the dream of the founding fathers of most of the major countries on the continent.

The Abuja Declaration of 1991 of the Authority of Heads of States of the Organisation of African Unity envisioned the establishment of an African Economic Community. One of the building blocks for the establishment of this community was the creation of a Continental Free Trade Area for Africa.

The realisation of the vision of a single market did not materialise until the AU Summit of Heads of States and Government in January 2012, which formally endorsed the decision to establish an African Continental Free Trade Area. Since that decision was adopted, extensive preparations and negotiation were carried out by member states, finally culminating in the historic AU Summit decision in Kigali on March 21, 2018, to formally conclude the first phase of negotiations for the Continental Free Trade Agreement.

Mr. Ofori-Atta also noted that since the days of Dr. Kwame Nkrumah and the work that he did for the OAU, now African Union (AU), the AfCFTA is the first AU organ of importance that is coming to be hosted by Ghana.

He commended the purposefulness and the unity in the approach to this by former Presidents of Ghana to make it happen, with thumbs up for President Nana Akufo-Addo for working hard to convince his colleagues’ Head of States to support Ghana’s bid.

Mr. Alan Kyerematen in briefing the House called on Ghana to leverage the opportunity to host the AfCFTA Secretariat to become the new commercial capital of Africa, a regional trade hub and economic epic-center as well as a new gateway to the continent.

He said the hosting of the Secretariat would promote Ghana as an attractive investment destination and actively facilitate foreign direct investments in the country.

He said the hosting of the Secretariat would provide opportunities to recruit many Ghanaian professionals and administrative staff to work in the Secretariat.

Mr. Clement Kofi Humado, MP for Anlo, noted that the AfCFTA was going to be a game-changer in the sense that the existing north-south trade relations where Africa trades more with Europe than among itself needed to change gradually towards trade among themselves.

He said AfCFTA would help to catalyze the already existing regional blocks and push them into action to fulfill their regional objectives.

He also lauded President Akufo-Addo, the Foreign Minister and the team for their lobbying skills to ensure that Ghana was selected to host the AfCFTA Secretariat in Accra.

(Source: GNA)

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