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Three Entrepreneurs in Botswana, Zambia, and Malawi Beat over 1,000 Applicants to Win Prestigious SEED Award

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A Botswanan company which trains farmers to use bees to stop elephants destroying their farms, a Zambian business which promotes sustainable bee-farming, and a Malawian start-up which turns leftovers into cooking gas have won the SEED Awards for Climate Adaptation (SEED Awards). SEED was founded as part of a global partnership between the United Nations Environment Programme (UNEP), the United Nations Development Programme (UNDP) and the International Union for Conservation of Nature (IUCN).

In Botswana, local entrepreneur Mavis Nduchwa founded Kalahari Honey to restore the balance between humans, wildlife, and the environment. The company gives farmers beehives and trains them to create a live fence of bees around their farms to deter local elephant populations. Not only does this reduce conflict between humans and wildlife, it gives farmers an added income as they can sell their bee products back to Kalahari Honey, which markets to customers globally. It also increases pollination through the propagation of bee colonies and the introduction of more indigenous, drought-resistant plant species reverses the ongoing desertification. The company currently works with 500 rural farmers, but under SEED’s expert provision it aims to work with an additional 1,500 farmers over the next year and expand the capacity of its processing factory.

In Zambia, entrepreneur Harry Malichi set up Wuchi Wami to train farmers in sustainable beekeeping. The company packages, brands, markets and distributes local raw and organic honey from its registered cooperative made up of 2,500 farmers. It uses modern beehives made from easy-to-plant pine, rather than the local miombo trees, which are destroyed in traditional beehive production. This type of beekeeping is less labour-intensive, enabling women, youths and orphans to farm honey. Deforestation is further reduced by providing an alternative income source for women and men engaged in charcoal burning. Under SEED’s guidance, the enterprise plans to increase the number of smallholder farmers in its cooperative to 10,000 in the coming year.

EcoGen, founded by Clement Kandodo in Malawi in 2019, provides advanced biowaste bins and biodigesters for households to recycle their leftover food and agricultural waste, turning it into biogas for cooking and organic fertiliser. The provision of renewable cooking gas, especially to rural customers relying on wood fuel, takes the pressure off local forest resources. Organic fertiliser increases yields and incomes of smallholder farmers, enhancing their climate resilience. SEED will help EcoGen scale its services to provide 4,000 households and institutions with access to renewable biogas energy by 2023.

Yves Wantens, General Representative of the Government of Flanders in the United States commented: “When it comes to the impacts of climate change, countries like Malawi, Zambia and Botswana are on the front line. They are the ones who will feel the effects of a rise in global temperature most acutely. That is why we are so proud to support the SEED Awards, which recognise and scale the impact of eco-inclusive enterprises across these local communities. As we emerge from the COVID-19 pandemic, MSMEs are at the forefront of enabling green recovery and delivering on SDGs, for the good of the wider community and the planet.” The Government of Flanders is the primary sponsor of the SEED Climate Adaptation Awards.

The SEED Awards ceremony, taking place today at the UN’s High-level Political Forum on Sustainable Development (HLPF), will also see SEED present its ‘Green Recovery Snapshot’ findings, which calls on governments, donors, and financial providers to increase targeted support for MSMEs as they stimulate economic growth in a post-COVID world. MSMEs are responsible for creating seven out of ten jobs across emerging markets, and green and social MSMEs deliver environmental and social impact through their activities, products, and services, making them essential actors in achieving a green recovery.

Winners of the SEED Awards will be awarded matching grants of between EUR 10,000 – 15,000 and will receive tailored one-to-one advisory services for up to a year to scale their operations, as part of the renowned SEED Accelerator programme. In line with the principle of ‘awarding the best and moving the rest’, 39 runners-up will also be supported through the SEED Catalyser programme, to refine their business models and optimise their impacts while advancing their investment readiness.

SEED’s Director of Operations, Rainer Agster, added: The calibre of SEED Award entries this year was outstanding, and we extend our congratulations to all nine winners and 39 runners-up. We hope the enterprises identified and promoted by the SEED Awards will be a source of inspiration for aspiring entrepreneurs across emerging economies. Through the SEED Awards, we will support 48 enterprises in 2021, and through our other programmes, several hundreds more. For each of those, however, there are thousands more eco-inclusive enterprises furthering SDGs which can be amplified with the right support. Therefore, we strongly encourage policy makers and financial actors to take a closer look at these eco-inclusive businesses and start or scale support programmes for them.”

Of the 2021 SEED Awards cohort, 69 per cent of enterprise leaders are 18-35 years-old and 52 per cent are female-led enterprises. Since their inception in 2005, the SEED Awards have awarded 311 enterprises in 40 countries and have facilitated the disbursement of over EUR 1 million in grants. Each individual SEED enterprise has saved an average of 7,300 tonnes of CO2, generated more than 9,399 kWh of renewable energy, and created 28.4 jobs, out of which 32 per cent are offered to people at the Bottom of the Pyramid (BoP).

Is the CEO and Founder of Investors King Limited. He is a seasoned foreign exchange research analyst and a published author on Yahoo Finance, Business Insider, Nasdaq, Entrepreneur.com, Investorplace, and other prominent platforms. With over two decades of experience in global financial markets, Olukoya is well-recognized in the industry.

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PETROAN Begs FG For N100bn Bailout to Stop Closure of Retail Stations

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The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) has appealed to the federal government for a N100 billion bailout to alleviate the devastating impact of fuel subsidy removal on its members.

PETROAN explained that the sudden increase in petroleum prices, following President Bola Ahmed Tinubu’s removal of fuel subsidy, threatens one million jobs and 10,000 retail outlets face closure in the next 45 days.

National Public Relations Officer of PETROAN, Dr Joseph Obele, warned that closure of 10,000 retail outlets will lead to 1 million job losses, noting that with Nigeria’s unemployment rate already at 5.3 percent, representing over four million unemployed individuals, additional job losses would worsen economic conditions.

Obele affirms PETROAN’s commitment to supporting economic reforms while urging prompt government action to mitigate the looming economic disaster.

“Before the removal of fuel subsidy, it costs petroleum products retail outlets owners about N7million to buy a truck of PMS with a capacity of 45,000 litres. As of today, the same truck is selling for N47million. The sudden upward review of 500% has rendered about 10,000 retail outlet owners financially handicapped and incapacitated.

“The inconsistency, instability and financial turbulence of the sector have compounded the challenges, thus making it difficult for petroleum products retail outlet owners to secure funds from financial institutions.

“Consistent lamentation of our members has necessitated the collation of data at the national headquarters of PETROAN which results showed that 10,000 operators of retail outlets would be shutting down or quieting business the next 45 days if nothing is done urgently in form of interventions.

“Furthermore, the same data analysis revealed that the total workforce of these 10,000 owners of petroleum products retail outlets is over one million direct and indirect staff.

Obele also said the bailout request has been submitted to President Bola Tinubu, even as he called on the Senate President, the House of Representatives’ Speaker and the Coordinating Minister of the Economy to intervene for the quick release of the grant to salvage the economy.

According to him, the grant when approved by President Tinubu will help 10,000 retail outlet operators to remain in business and it will secure jobs for one million Nigerians.

“The grant will bring stability and business boom in the sector which will eventually trigger price reduction and employment of new persons.

“The grant request is for the benefit of Nigeria’s economy which is not far from the federal government financing of the health sector during the COVID‐19 pandemic, intervention granted to aviation operators, federal government intervention fund for the power sector and also the federal government launch of N200 billion presidential intervention fund for Micro, Small and Medium Scale Enterprises, MSMEs and manufacturers in Nigeria.”

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NNPC Helicopter Incident: Three Bodies Found as Rescue Missions Continue

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The Nigerian National Petroleum Corporation (NNPC) announced on Thursday that a helicopter en route to the NNPC FPSO, NUIMS Antan, had disappeared.

According to the NNPC, the helicopter with registration number 5NBQG took off from the NAF base in Port Harcourt at around 11:22 am before losing contact after departure.

The helicopter operated by East Winds Aviation was carrying eight people, six passengers and two crew members.

On Thursday, the NNPC confirmed the loss of communication with the aircraft, adding that the Ministry of Aviation had been informed immediately and a search and rescue team dispatched to the area.

Olufemi Soneye, Chief Corporate Communications Officer for NNPC explained that the organization is committed to the ongoing rescue efforts and extended heartfelt prayers to the families of the victims.

In the press statement posted on its official X @nnpclimited, NNPC said three bodies have been recovered while the search continues to know the fate of the remaining five individuals on board.

As families await further news, the nation remains hopeful that more survivors can be found. The NNPC has assured the public that it will provide regular updates as the search progresses.

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Meta Fires Employees For Using Office Free Meal Vouchers to Buy Household Items

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The parent company of Facebook, Instagram, and WhatsApp, Meta, has allegedly relieved about 24 staff members at its Los Angeles office of their jobs.

The affected staff were accused of using their $25 (£19) meal credits to buy items such as toothpaste, laundry detergent, acne pad and wine glasses.

It was gathered that the dismissals followed an investigation that revealed the employees had been exploiting the system, including sending food home when they were not physically present at the office.

One of the terminated employees was an unnamed worker earning a $400,000 salary.

Another sacked employee anonymously shared on the messaging platform Blind, explaining how she and her colleagues maximized their dinner credits to buy other necessities when they could get food elsewhere.

The breach was discovered as part of the human resources procedure even though one of the workers admitted to it.

According to reports, employees who occasionally bent the rules received warnings but retained their positions.

Free meals have long been a benefit for employees of major tech firms like Meta, founded by Mark Zuckerberg.

Typically, staff at larger offices, including Meta’s Silicon Valley headquarters, enjoy complimentary meals from on-site canteens.

Employees at smaller locations receive daily food credits, redeemable through delivery services like UberEats and Grubhub, with allowances of $20 for breakfast, $25 for lunch and $25 for dinner.

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