{"id":677,"date":"2019-11-12T14:00:00","date_gmt":"2019-11-12T14:00:00","guid":{"rendered":"https:\/\/www.ubagroup.com\/57-marina\/2019\/11\/12\/diamonds-doing-good-by-bola-atta\/"},"modified":"2021-06-18T15:16:33","modified_gmt":"2021-06-18T15:16:33","slug":"mdgs-diamonds-doing-good","status":"publish","type":"post","link":"https:\/\/www.ubagroup.com\/57-marina\/mdgs-diamonds-doing-good\/","title":{"rendered":"MDGs: DIAMONDS DOING GOOD By Bola Atta"},"content":{"rendered":"<div class=\"MsoNormal\"><\/div>\n<div class=\"separator\" style=\"clear: both; text-align: center;\"><\/div>\n<p>&nbsp;<\/p>\n<div class=\"separator\" style=\"clear: both; text-align: center;\"><\/div>\n<div class=\"MsoNormal\"><span style=\"font-family: 'century gothic' , sans-serif;\">Everyone seemed fairly excited when the Millenial Development<br \/>\nGoals(MDGs) were created at the turn of the century in 2000. Organisations and<br \/>\ndonor agencies as well as governments, were ready to tackle the issue of world<br \/>\npoverty levels which at that time was at about 2.5 billion poor people in the<br \/>\nworld.<\/span><\/div>\n<div class=\"MsoNormal\"><\/div>\n<div class=\"MsoNormal\"><span lang=\"EN-US\" style=\"font-family: 'century gothic' , sans-serif;\">The MDGs were meant to achieve poverty eradication to a significant<br \/>\nlevel and it was aimed at the poorest countries. A lot of strides were made,<br \/>\nbut there was still poverty everywhere.<\/span><\/div>\n<div class=\"MsoNormal\"><\/div>\n<div class=\"MsoNormal\"><span lang=\"EN-US\" style=\"font-family: 'century gothic' , sans-serif;\">So, the Sustainable Development Goals(SDGs) were born at the UNGA in<br \/>\nSeptember 2015. With these new goals, the timeline for the agenda is 2030. <\/span><\/div>\n<div class=\"MsoNormal\"><\/div>\n<div class=\"MsoNormal\"><span lang=\"EN-US\" style=\"font-family: 'century gothic' , sans-serif;\">The world wants to see amongst other things:<\/span><\/div>\n<div class=\"MsoListParagraphCxSpFirst\" style=\"margin-left: 1.0in; text-indent: -.5in;\"><span lang=\"EN-US\" style=\"font-family: 'symbol';\">\u00b7<\/span><span lang=\"EN-US\" style=\"font-family: 'times new roman' , serif; font-size: 7.0pt;\"><br \/>\n<\/span><span lang=\"EN-US\" style=\"font-family: 'century gothic' , sans-serif;\">Zero hunger<\/span><\/div>\n<div class=\"MsoListParagraphCxSpMiddle\" style=\"margin-left: 1.0in; text-indent: -.5in;\"><span lang=\"EN-US\" style=\"font-family: 'symbol';\">\u00b7<\/span><span lang=\"EN-US\" style=\"font-family: 'times new roman' , serif; font-size: 7.0pt;\"><br \/>\n<\/span><span lang=\"EN-US\" style=\"font-family: 'century gothic' , sans-serif;\">Zero poverty<\/span><\/div>\n<div class=\"MsoListParagraphCxSpMiddle\" style=\"margin-left: 1.0in; text-indent: -.5in;\"><span lang=\"EN-US\" style=\"font-family: 'symbol';\">\u00b7<\/span><span lang=\"EN-US\" style=\"font-family: 'times new roman' , serif; font-size: 7.0pt;\"><br \/>\n<\/span><span lang=\"EN-US\" style=\"font-family: 'century gothic' , sans-serif;\">Good health and well being for all<\/span><\/div>\n<div class=\"MsoListParagraphCxSpMiddle\" style=\"margin-left: 1.0in; text-indent: -.5in;\"><span lang=\"EN-US\" style=\"font-family: 'symbol';\">\u00b7<\/span><span lang=\"EN-US\" style=\"font-family: 'times new roman' , serif; font-size: 7.0pt;\"><br \/>\n<\/span><span lang=\"EN-US\" style=\"font-family: 'century gothic' , sans-serif;\">Quality education for all<\/span><\/div>\n<div class=\"MsoListParagraphCxSpMiddle\" style=\"margin-left: 1.0in; text-indent: -.5in;\"><span lang=\"EN-US\" style=\"font-family: 'symbol';\">\u00b7<\/span><span lang=\"EN-US\" style=\"font-family: 'times new roman' , serif; font-size: 7.0pt;\"><br \/>\n<\/span><span lang=\"EN-US\" style=\"font-family: 'century gothic' , sans-serif;\">Gender equality <\/span><\/div>\n<div class=\"MsoListParagraphCxSpMiddle\" style=\"margin-left: 1.0in; text-indent: -.5in;\"><span lang=\"EN-US\" style=\"font-family: 'symbol';\">\u00b7<\/span><span lang=\"EN-US\" style=\"font-family: 'times new roman' , serif; font-size: 7.0pt;\"><br \/>\n<\/span><span lang=\"EN-US\" style=\"font-family: 'century gothic' , sans-serif;\">Environmentally conscious societies<\/span><\/div>\n<div class=\"MsoListParagraphCxSpLast\" style=\"margin-left: 1.0in;\"><\/div>\n<div class=\"MsoNormal\"><span lang=\"EN-US\" style=\"font-family: 'century gothic' , sans-serif;\">These are some of the top sustainability goals for governments, donor<br \/>\nagencies, private organisations as well as individuals.<\/span><\/div>\n<div class=\"MsoNormal\"><\/div>\n<div class=\"MsoNormal\"><span lang=\"EN-US\" style=\"font-family: 'century gothic' , sans-serif;\">On November 7, 2019, I attended the De Beers Summit for women in<br \/>\nGaborone, Botswana. The beautiful, clean and calm city in the southern region<br \/>\nof Africa, is one of the continent\u2019s best hidden secrets. Batswana who are<br \/>\nknown for their kindness, have certainly worked hard since being one of the<br \/>\npoorest countries in the world at the time of their independence in 1966, to<br \/>\nbecoming one of the wealthiest nations in the Southern African region. The<br \/>\ncountry\u2019s GDP is about $19 billion dollars and their GDP per capita is one of<br \/>\nthe highest on the African continent at about $18,200.<\/span><\/div>\n<div class=\"MsoNormal\"><\/div>\n<div class=\"MsoNormal\"><span lang=\"EN-US\" style=\"font-family: 'century gothic' , sans-serif;\">Botswana\u2019s currency, the Botswana Pula, is stronger than the South<br \/>\nAfrican rand. Their main source of revenue is the mining of diamonds. And De<br \/>\nBeers mining company which has been in existence for 131 years in Southern<br \/>\nAfrica has been generating hundreds of millions of dollars annually for the<br \/>\ncountry through the mining of diamonds. The government of Botswana has a stake<br \/>\nin this company and their joint venture which is called Debswana(De Beers<br \/>\nand\u00a0 Botswana combined) was formed in 1969.<\/span><\/div>\n<div class=\"MsoNormal\"><\/div>\n<div class=\"MsoNormal\"><span lang=\"EN-US\" style=\"font-family: 'century gothic' , sans-serif;\">The title of the summit I attended was \u2018Bridging leadership and purpose<br \/>\nfor socio economic impact\u2019. I was to speak on a panel on sustainability and<br \/>\nfinance along with Lynette Armstrong, the Managing Director of Debswana; Lulu<br \/>\nRasebotsa, the MD of Liberty life in Botswana and Reason Nyamambi, from Hollard<br \/>\nLife in Botswana too,<\/span><\/div>\n<div class=\"MsoNormal\"><\/div>\n<div class=\"MsoNormal\"><span lang=\"EN-US\" style=\"font-family: 'century gothic' , sans-serif;\">This summit was focused on women. And yes, gender equality being one of<br \/>\nthe top 5 SDGs, the focus was not in any way misplaced. Organised by women and<br \/>\nfor women, the discussions were warm and passionate. I was in the company of<br \/>\nvery knowledgeable women both participating in the audience and speaking about<br \/>\ntheir experiences.<\/span><\/div>\n<div class=\"MsoNormal\"><\/div>\n<div class=\"MsoNormal\"><span lang=\"EN-US\" style=\"font-family: 'century gothic' , sans-serif;\">Botswana has a presidential cabinet comprising of 5 women out of 15<br \/>\nMinisters. Not bad at all. Their First Lady, Mrs Neo Jane Masisi, a 48 year old<br \/>\ncareer woman, had worked in the United Nations for about 14 years, travelling<br \/>\naround Africa and even to the war torn region of Central Africa. She travelled<br \/>\nabroad to work with the support of her husband, the future president who didn\u2019t<br \/>\nknow so at that time.<\/span><\/div>\n<div class=\"MsoNormal\"><\/div>\n<div class=\"MsoNormal\"><span lang=\"EN-US\" style=\"font-family: 'century gothic' , sans-serif;\">Mrs Masisi has more than earned her stripes. She has the experience to<br \/>\nunderstand what is needed to alleviate poverty and improve the wellbeing of<br \/>\nAfricans and especially of her own citizens. She is there to work and to make<br \/>\nsure that collectively, a lot of the SDGs are achieved.<\/span><\/div>\n<div class=\"MsoNormal\"><\/div>\n<div class=\"separator\" style=\"clear: both; text-align: center;\"><a style=\"margin-left: 1em; margin-right: 1em;\" href=\"https:\/\/www.ubagroup.com\/57-marina\/wp-content\/uploads\/sites\/4\/2019\/11\/75521930_1388985207947001_527114142167859200_o-1024x681.jpg\"><img fetchpriority=\"high\" decoding=\"async\" src=\"https:\/\/www.ubagroup.com\/57-marina\/wp-content\/uploads\/sites\/4\/2019\/11\/75521930_1388985207947001_527114142167859200_o-1024x681.jpg\" width=\"640\" height=\"424\" border=\"0\" data-original-height=\"1065\" data-original-width=\"1600\" \/><\/a><\/div>\n<p>&nbsp;<\/p>\n<div class=\"MsoNormal\"><span lang=\"EN-US\" style=\"font-family: 'century gothic' , sans-serif;\">One of the questions which was asked in the audience and which made me<br \/>\nthink was this: Does the ordinary woman or man living in the rural areas know<br \/>\nanything about MDGs? The answer is probably not. They may be<br \/>\nunconsciously involved in activities that are contributing to the success<br \/>\nof the SDGs, albeit in their own small way, but they may have never heard about<br \/>\nthe agenda. I am not quite sure if that really matters or if some kind of<br \/>\nawareness campaign is needed to sensitize people even in the rural areas, about<br \/>\ngetting involved in lifestyles and community activities that will contribute<br \/>\npositively to the development goals.<\/span><\/div>\n<div class=\"MsoNormal\"><\/div>\n<div class=\"MsoNormal\"><span lang=\"EN-US\" style=\"font-family: 'century gothic' , sans-serif;\">Africa has a population of about 1.2 billion people and GDP of over 2.5<br \/>\ntrillion. This is a huge market with a potential waiting to be harnessed. The<br \/>\nhigh rate of poverty, inadequate infrastructure, lack of access to education<br \/>\nand to funding, all lead to financial exclusion and widening income equality<br \/>\ngap.<\/span><\/div>\n<div class=\"MsoNormal\"><\/div>\n<div class=\"MsoNormal\"><span lang=\"EN-US\" style=\"font-family: 'century gothic' , sans-serif;\">It is true that one of the primary responsibilities of a financial<br \/>\ninstitution is financial intermediation. At the<a href=\"https:\/\/www.ubagroup.com\/\"> United Bank for Africa<\/a>, UBA,<br \/>\nwhere I work as the CEO of the UBA Foundation and the Group Head for<br \/>\nCommunications, when we plan our annual budget, we integrate the 2030<br \/>\ndevelopment agenda into the process. Our expected SDG targets are stated from<br \/>\nthe onset and this informs resource allocation. To this effect, we are able to<br \/>\nmonitor and evaluate impact across the continent.<\/span><\/div>\n<div class=\"MsoNormal\"><\/div>\n<div class=\"MsoNormal\"><span lang=\"EN-US\" style=\"font-family: 'century gothic' , sans-serif;\">Operating in 20 African countries, we have a conscious dedication to<br \/>\nimproving the lives of people in the communities where we do business. The<br \/>\nthree areas of focus for us at the <a href=\"https:\/\/www.ubagroup.com\/uba-foundation\/\">UBA Foundation<\/a> are Education, Economic<br \/>\nEmpowerment and the Environment.\u00a0 We are committed to ensuring that more<br \/>\nchildren get educated on the continent because this is one of the best ways to<br \/>\nbring the continent out of poverty. Our Read Africa initiative and National<br \/>\nEssay Competitions are targeted at the underprivileged, to give them the<br \/>\nopportunity to read and to learn even at tertiary levels.\u00a0 <\/span><\/div>\n<div class=\"MsoNormal\"><\/div>\n<div class=\"MsoNormal\"><span lang=\"EN-US\" style=\"font-family: 'century gothic' , sans-serif;\">The gardens that we are growing across Africa represent part of our<br \/>\ncommitment to a sustainable environment. The green environment is not yet as<br \/>\nmuch a priority in Africa today as it is in the west. We are still battling<br \/>\nwith power supply and the fumes of electricity generators which pollute the<br \/>\nenvironment in ways that are very detrimental to the success of the SDGs.<\/span><\/div>\n<div class=\"MsoNormal\"><\/div>\n<div class=\"MsoNormal\"><span lang=\"EN-US\" style=\"font-family: 'century gothic' , sans-serif;\">At UBA, we are championing the mobilisation of funding <a href=\"https:\/\/www.ubagroup.com\/smebanking\/\">SMEs<\/a> as our loan<br \/>\nportfolio grew to about U$5 billion in 2018 across Africa. We desire to create<br \/>\nexpanded access to finance for the greater majority and continue to increase<br \/>\nour female representation on the group boards and in top management. Times are<br \/>\nchanging, and it is rare now for one to sit on a board and be okay at not<br \/>\nseeing women well represented.<\/span><\/div>\n<div class=\"MsoNormal\"><\/div>\n<div class=\"MsoNormal\"><span lang=\"EN-US\" style=\"font-family: 'century gothic' , sans-serif;\">I believe that the 2030 agenda will witness significant progress from<br \/>\nthe MDGs. The company I work at, UBA, is playing a major role on the continent<br \/>\nas the Group Chairman, Tony O. Elumelu continues to champion the cause of<br \/>\npoverty eradication on the continent through his Foundation, the Tony Elumelu<br \/>\nFoundation and its impactful entrepreneurship programme.<\/span><\/div>\n<div class=\"MsoNormal\"><\/div>\n<div class=\"MsoNormal\"><span lang=\"EN-US\" style=\"font-family: 'century gothic' , sans-serif;\">We all have a role to play in ensuring the SDG agenda is met. It is not<br \/>\nthe work of developmental agencies nor of governments alone. It\u2019s a collective<br \/>\neffort of the private sector(both big and small corporations) and of<br \/>\nindividuals playing their own role.<\/span><\/div>\n<div class=\"MsoNormal\"><\/div>\n<p><span lang=\"EN-US\" style=\"font-family: 'century gothic' , sans-serif; font-size: 11.0pt;\">Most importantly, the key role that women play in building<br \/>\ncommunities cannot and should not be under estimated.\u00a0 Women build lives<br \/>\nand families as well as villages, governments and organisations. The De Beers W<br \/>\nsummit reinforced to me that in order to have sustainable development, we need<br \/>\nto place emphasis on young people on the continent and ensure that we lift up<br \/>\ntheir hopes and their dreams for a better future<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&nbsp; Everyone seemed fairly excited when the Millenial Development Goals(MDGs) were created at the turn of the century in 2000. Organisations and donor agencies as well as governments, were ready to tackle the issue of world poverty levels which at that time was at about 2.5 billion poor people in the world. The MDGs were [&hellip;]<\/p>\n","protected":false},"author":55,"featured_media":3265,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[381,380,385],"tags":[65,59,72,61,73,74,75,76],"class_list":{"0":"post-677","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","6":"hentry","7":"category-business","8":"category-lifestyle","9":"category-technology","10":"tag-unitedbankforafrica","11":"tag-fowardthinking","12":"tag-initiatives","13":"tag-lifestyle","14":"tag-productivity","16":"tag-uba4africanentrepreneurs","17":"tag-worldtechnology"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v24.6 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ 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