• Link to X
  • Link to Facebook
  • Link to Instagram
  • Link to TikTok
  • Link to Youtube
  • About
    • About Us
      • President
      • Board of Directors
      • Board of Advisors
      • Financials
      • Our Methodology
      • Success Tracker
      • Contact
  • Act Now
    • 30 Ways to Help
      • Email Congress
      • Call Congress
      • Volunteer
      • Courses & Certificates
      • Be a Donor
    • Internships
      • In-Office Internships
      • Remote Internships
    • Legislation
      • Politics 101
  • The Blog
  • The Podcast
  • Magazine
  • Donate
  • Click to open the search input field Click to open the search input field Search
  • Menu Menu
Global Poverty, Technology, Water

10 Facts About Living Conditions in Angola

Living Conditions in Angola
Angola, the seventh-largest country in Africa, has one of the fastest-growing economies in the world. Since 2013, its economy has been booming and both international and domestic investments have been on the rise. Although Angola’s economy has the potential to become an economic powerhouse in Africa, the international community has become concerned with the poverty rates and overall income inequality in Angola. Despite Angola’s rapidly growing economy, it has a 26 percent unemployment rate and 36 percent of the Angolan population lives below the poverty line. The living conditions in Angola are indicative of an economy that is not yet diversified and a country with extreme income inequality. Here are 10 facts about the living conditions in Angola.

10 Facts About Living Conditions in Angola

  1. Low Life Expectancy and Causes: Angola has a very low life expectancy. The life expectancy in Angola is one of the lowest in the world, and Angola has the 12th highest number of infant mortalities every year. The leading causes of death revealed that the low life expectancy is a result of preventable causes like diarrhoeal diseases, malaria, neonatal disorders and influenza.
  2. Literacy: A third of all Angolans are illiterate. Although primary education is compulsory in Angola, 33.97 percent of Angolans are illiterate and literacy rates have been on a steady decline since 2001. Very few individuals go on to college, leaving their economy stagnated with a brain drain and a lack of available employees for white-collar jobs that require a deep understanding of their field.
  3. Clean Water Availability: Angola has a lack of clean water resources. Forty-four percent of Angolans do not have access to clean water, according to the United Nations Children’s Agency. The Public Water Company in the capital of Angola, Luanda, reports that although the daily need for water is well over a million cubic meters of clean water per day, the public water company EPAL can only supply 540,000 cubic meters of clean water per day. This leaves many without clean water. Even if EPAL were to have the capacity to supply all residents with clean water, it does not have the infrastructure to do so.
  4. Access to Electricity: Few Angolans have access to electricity. In rural areas, only 6 percent of Angolans have access to electricity. In urban areas, 34 percent of Angolans have electricity, leaving 3.4 million homes without power.
  5. Income Inequality: There is a severe gap between wealth in urban and rural areas. Income inequality in Angola is one of the highest in the world at 28.9 percent. Poverty is highest in rural areas where 94 percent of the population qualifies as poor. This is contrasted by the fact that only 29.9 percent of the urban population qualifies as poor.
  6. Public School Enrollment: There is low enrollment in public schools and UNESCO reports that enrollment has been on a steady decline since 2009. The low enrollment rate may be because many schools and roads suffered during Angola’s civil war and because many schools are located in inconvenient and rural locations with poor sanitation and untrained teachers.
  7. Unemployment: Unemployment is very high in Angola. Angolan unemployment has increased by 1.7 percent since 2018, growing to 30.7 percent. The youth unemployment rate is at an all-time high of 56.1 percent.
  8. Oil-based Economy: The economy is not very diversified. Angola is an oil-rich country and as such, more than one-third of the Angolan economy comes from oil and over 90 percent of Angolan exports are oil. Because the oil sector has been public for so long, the economy was prone to contractions and inflations along with global fluctuation in oil prices. This has left the stability of the Angolan economy at the mercy of oil prices, which have been rapidly fluctuating, destabilizing the economy.
  9. Food Insecurity: Many Angolans suffer from severe food insecurity. In fact, 2.3 million Angolan citizens are food insecure, and over 1 million of those individuals are children under 5 years old. Because of government redistribution of land, many farmers have lost their best grazing land and their arable land for crops, leading to a lack of meat and produce.
  10. Unpaid Debts: Unpaid debts threaten to dampen economic growth. After a long economic slump, the Angolan economy has further suffered due to unpaid loans. Twenty-seven percent of total Angolan credits are loans that are defaulted or close to being defaulted, and 16 percent of the largest bank in Angola, BIA, are not being reimbursed.

Although Angola has a multiplicity of problems related to poverty to solve, the country is not beyond help. Angola’s new President has secured loans from China, garnered aid from the International Monetary Fund and promised to allow local businesses to partner with international customers and trade partners to increase macroeconomic growth. As Angola diversifies its economy in 2020, the President of Angola states that economic growth and stability is on the horizon. Angola’s economy is receiving aid from a number of nations, including China, the International Monetary Fund, the World Bank and the African Development Bank, which will no doubt prove to be a successful investment.

– Denise Sprimont
Photo: Flickr

January 4, 2020
https://borgenproject.org/wp-content/uploads/borgen-project-logo.svg 0 0 Kim Thelwell https://borgenproject.org/wp-content/uploads/borgen-project-logo.svg Kim Thelwell2020-01-04 07:30:342024-05-29 23:14:2510 Facts About Living Conditions in Angola
Aid, Global Poverty, Refugees

7 Democratic Candidates on the Refugee Crisis

refugee crisisThe question regarding what should be done about the refugee crisis is currently one of the most heated debates in Congress. But, where does each Democratic Candidate stand on the refugee crisis? Here are the Democratic candidates on immigration.

Joe Biden

Former U.S. Vice President, Joe Biden, is primarily focused on addressing the Southern border crisis by admitting more refugees and asylum-seekers, particularly from Central America. When referring to refugees and immigrants Biden stated, “We could afford to take in a heartbeat another two million. The idea that a country of 330 million cannot afford people who are in desperate need and who are justifiably weak and fleeing depression is absolutely bizarre.”

Cory Booker

Senator Cory Booker of New Jersey similarly plans to expand pathways for refugees and asylum-seekers as well as to address the root causes of migration and the refugee crisis. Not only does Booker hope to increase the cap on refugees but also staffing at the border to assist with interviews and to improve in-country refugee processing. Additionally, Booker plans to investigate the root causes of migration through the lens of corruption, violence, poverty and climate change by creating a role in the State Department. He is committed to spending foreign aid in order to address the root causes of the refugee crisis.

Pete Buttigieg

Mayor Pete Buttigieg of South Bend, Indiana hopes to return the refugee admissions target to 110,000 or potentially more. Buttigieg believes letting in more refugees will “help grow our tax base and plug labor gaps as Americans age.” Buttigieg also wants to help other countries resettle refugees and integrate them into society so that resettlement will be mutually beneficial. Ultimately, Buttigieg hopes to change the discussion around immigrants and refugees. He stated on Twitter, “Immigrants and refugees are not a problem that we need to handle; they are an asset to our nation and an essential part of the fabric of this country—our policies must reflect that.”

Amy Klobuchar

The two primary plans Senator Amy Klobuchar of Minnesota has for addressing the refugee crisis are reinstating the 110,000 refugees cap while simultaneously increasing spending on foreign aid. In order to process this number of refugees, Klobuchar would reopen the International U.S. Citizenship and Immigration Services offices. Klobuchar would also accept more Muslim refugees into the country because she adamantly opposes the “Muslim Ban.” Klobuchar believes that a strengthened vetting process for visitors and refugees would eliminate any need for this ban. Additionally, Klobuchar plans to increase foreign aid and the State Department’s budget to address the current crisis and deter future crises by promoting global stability.

Bernie Sanders

Senator Bernie Sanders of Vermont has a platform of immigration reform that is “grounded in civil and human rights.” He plans to achieve these values by changing the treatment of individuals at the border, such as ending family separation, the detention of children at the border and the detention of asylum seekers while their applications are being processed. Sanders plans to end the United States’ for-profit detention centers entirely. Additionally, Sanders wants to support refugees globally by providing foreign aid to other host countries to create an international community committed to resettling refugees and ending the refugee crisis it created.

Elizabeth Warren

Senator Elizabeth Warren of Massachusetts has the most progressive target for resettlement. If elected, Warren aims to resettle 125,000 refugees in the U.S. in her first year in office and then at least 175,000 by the end of her first presidential term. She hopes to address the refugee crisis by providing foreign aid in Central America in order to stabilize this region. Warren plans to implement a system that would make it easier for asylum seekers to get a day in court. She has also stated she will reduce immigration detention for all immigrants crossing the border.

Andrew Yang

Entrepreneur Andrew Yang is most concerned with the crisis occurring in Venezuela. Yang wants to both support the Venezuelan people through humanitarian aid and through distributing foreign aid to the countries that are admitting massive numbers of Venezuelan refugees. Although Venezuela is Yang’s primary concern, he also plans to work with the entire international community in order to address the global refugee crisis. Yang believes that the U.S. should disengage in military efforts abroad attempting to promote peacekeeping because these efforts are causing more destabilization than peace.

There is a lot to consider when choosing who to vote for in the 2020 Presidential Election. However, the refugee crisis has certainly been a priority. There are currently 25.9 million refugees and 41.3 million internally displaced people throughout the world. The need for a president that understands the importance of diplomacy and foreign aid spending when it comes to addressing the refugee crisis is, therefore, imperative.

– Ariana Howard
Photo: Flickr

January 4, 2020
https://borgenproject.org/wp-content/uploads/borgen-project-logo.svg 0 0 Jennifer Philipp https://borgenproject.org/wp-content/uploads/borgen-project-logo.svg Jennifer Philipp2020-01-04 07:30:182024-05-29 23:12:297 Democratic Candidates on the Refugee Crisis
Global Poverty, Water, Water Quality, Water Sanitation

10 Facts About Water Quality in Asia

10 Facts About Water Quality in AsiaAsia is a large continent with vastly different cultures and societies, but they seem to suffer from a lot of the same issues. Some common issues are rapid urbanization and lack of infrastructure in rural areas. The most common may be that the water quality in Asia is severely lacking. In fact, Asia’s rivers are three times more contaminated by bacteria from human waste. Here are 10 facts about water quality in Asia.

12 Facts about Water Quality in Asia

  1. The United Nations estimates more than 40 percent of the population in India could be living in megacities by 2030. The stunningly fast urbanization of India is taking a toll on the quality of its water. At least 40 million liters of wastewater enters the waters of India every day. This has made 70 percent of surface water in India unfit for consumption. A World Bank report suggests that this will severely stunt the growth of some areas, cutting its GDP growth by as much as one-third.
  2.  China is going through a water shortage. At least 28,000 Chinese rivers and waterways have dried up over the last 25 years. This issue exacerbates the growing issue of water pollution from industrialization. Government surveys found that 70 percent of China’s water table unfit for human consumption due to the overuse of pesticides and fertilizers.
  3. Only 10 percent of Bangladesh homes have consumable water piped to their households. In order to aid Bangladesh in this crisis, The World Bank approved $100 million to be appropriated towards increasing access to improved water supplies. This project will help 600,000 people get water through piped systems.
  4. Groundwater is the Primary Source of Water in South East Asia. A study conducted in 2019 found that 79 percent of people in Southeast Asia use groundwater as their primary source of water. This amounts to a total of 346 million people who rely on that water to be fresh and clean.
  5. Only 30 percent of the population of Mongolia has access to clean piped water. Most Mongolians in the Gobi desert have to use underground water sources. However, rapid urbanization and mining have changed the water supply. Underground water is no longer a reliable source of healthy water.
  6. In Vietnam, 90 percent of urban wastewater is released back into the environment untreated. The Việt Nam Union of Science and Technology Organisations reported that environmental laws in Vietnam have too many loopholes and flaws to be adequate. There are only 29 water treatment stations in big cities, which is reportedly not enough.
  7. At least 80 percent of the Indonesian population lacks access to piped water. The people must rely on river water to meet their needs. Although the river water is not of adequate quality for any kind of healthy use due to many corporations do not comply with government pollution laws.
  8. The abysmal quality of water in Afganistan is due to years of war. The infrastructure of the country has been destroyed with little funds or time to rebuild. This has left only 27 percent of the population of Afganistan with access to high-quality water.
  9. There were at least 118,000 hospitalizations in Iraq’s 2018 crisis due to water contamination. It was reported that at least 40 percent of the sewage from the river Baswa was being dumped into the Shatt al-Arab. The government started posting weekly reports on the water quality online in February 2019.
  10. Nearly all of South Korea has drinkable tap water, but not many drink it. South Korea has impeccable water quality because the government requires yearly reports from all utility providers. However, a survey done in 2013 of 12,000 individuals showed that only about 10 percent drink water straight from the tap.

There is a global effort to improve the water quality of Asia. The South Asia Water Initiative (SAWI) is improving the management of the many river basins of Asia. SAWI has addressed issues such as riverbank flooding and the economic opportunities of hydroelectric power on the Brahmaputra Basin in India. It has also supported disaster management on the Sundarbans wetlands shared by Bangladesh and India.

These 10 facts about water quality in Asia demonstrate the many water crises that are happening all across the continent. While there are reforms in place, it will be many years until each country will have equal access to clean, safe water.

– Nicholas Pirhalla
Photo: Flickr

January 4, 2020
https://borgenproject.org/wp-content/uploads/borgen-project-logo.svg 0 0 Kim Thelwell https://borgenproject.org/wp-content/uploads/borgen-project-logo.svg Kim Thelwell2020-01-04 01:30:472024-06-06 00:32:5010 Facts About Water Quality in Asia
Global Poverty

Drug Reform in Southeast Asia

Drug Reform in Southeast Asia
The United Nations Office on Drugs and Crime (UNODC) has set forth its own sustainable development goals to reduce global poverty systematically. The third objective of its mission is to “ensure healthy lives and promote well-being for all ages,” and Target 3.5 within that states its intent to “strengthen the prevention and treatment of substance abuse, including narcotic drug use such as opium and heroin.” In suit with this target, the UNODC has recently progressed drug reform in Southeast Asia.

Taking Action

In Bangkok on November 19, 2019, the UNODC concluded a two-day meeting with ministers and other government officials from Mekong countries including Cambodia, China, Laos, Myanmar, Thailand and Vietnam. The collaboration between the six states and UNODC produced the establishment named The Mekong Memorandum of Understanding (MOU) on Drug Control. The sole purpose of the November discussion among these states was to confer over the implementation of necessary legislation that focuses on drug reform in Southeast Asia.

The current illicit substance situation in the Mekong countries is primarily the selling and use of methamphetamine in either pill or crystal form. China and Thailand make up significant shares of the global methamphetamine market (a USD $61.4 billion market) with the largest seizures of the illicit substance reported there. Another concern is the trafficking of precursor chemicals necessary to concoct these synthetic drugs and emerging new psychoactive substances (NPS). On a global level, Mekong countries and China, in particular, have become the largest suppliers of NPS as a result of their advanced chemical and pharmaceutical industries. Illegal horticulture for opium also continues at high levels in this subregion of Asia.

Progress Against New Psychoactive Substances

Previously initiated drug policies have kindled substantial efforts to combat the war on drugs in the Mekong. Record high seizures of substances have occurred in most recent years. In 2018, Thailand law enforcement seized 515 million methamphetamine tablets, which is 17 times greater than the amount for the entire Mekong region 10 years ago. Moreover, Thailand authorities captured more than 18 tons of crystal meth, resulting in a larger number than what authorities found in East and Southeast Asia combined five years ago. The Thai government implemented suppression campaigns along the Golden Triangle (Myanmar, Lao PDR, Thailand) borders, forcing the trafficking routes to its western border, by the Andaman Sea through Laos and Vietnam. These areas have had seizure numbers in the first half of 2019 that already surpass the 2018 totals.

While significant headway has occurred, the UNODC and MOU know continued actions need to happen to increase the suppression of narcotics within the region. UNODC Regional Representative for Southeast Asia and the Pacific, Jeremy Douglas, explains, “the epicenter is North Shan in Myanmar, with active supply routes in and out. And the organized crime syndicates behind the trade have demonstrated they can maintain production even if labs are seized, and that new precursors can be used when others are unavailable.” Consideration of all the relevant circumstances for the illicit substances in Mekong countries is essential when countries and organizations formulate further drug reform in Southeast Asia.

The two-day negotiations in Bangkok are proof that the governments of the six states plan to keep moving in a forward direction. Jeremy Douglas added that the consensus from the meeting is to “emphasize dampening market demand through preventive education and addressing health, harms and social consequences, by increasing cross-border operations, joint training and justice cooperation, and continuing to support impoverished opium farmers in Myanmar and Laos to transition away from the drug economy.”

Eyes on Organized Crime

Thailand’s Deputy Prime Minister Wissanu Krea-ngam made a statement in Bangkok addressing organized crime’s hand in its drug problem, “Organized crime takes advantage of gaps and vulnerabilities that result because of uneven law enforcement capacity and coordination problems. The Mekong MOU helps by providing a framework through which we can deliver a more coherent regional approach.”Organized crime in this subregion of Asia is its government’s new primary focus. It is evident that in future years, there will be a global reduction in illicit drugs, specifically in methamphetamine and NPS, due to the continuing drug reform in Southeast Asia.

– Ariana Kiessling
Photo: Flickr

 

January 3, 2020
https://borgenproject.org/wp-content/uploads/borgen-project-logo.svg 0 0 Kim Thelwell https://borgenproject.org/wp-content/uploads/borgen-project-logo.svg Kim Thelwell2020-01-03 07:30:242024-05-29 23:14:26Drug Reform in Southeast Asia
Disease, Global Poverty, Health, Sanitation, Water, Water Quality

6 Facts About Water Quality in Sub-Saharan Africa

6 Facts About Water Quality in Sub-Saharan AfricaThe top concerns with water quality in Africa include lack of access to water for drinking, sanitation and agriculture, the cleanliness of the water and the burden of water retrieval. The United Nations’ Millennium Development Goals have tracked the improvement of access to water in Africa. Sub-Saharan Africa is the most challenged and inequitable region. Sub-Saharan Africa’s water system is the most chronically overburdened and stressed area in Africa. This is due to a lack of economic investment, social challenges and environmental factors. Here are six facts about water quality in sub-Saharan Africa.

6 Facts About Water Quality in Sub-Saharan Africa

  1. Many areas in Africa have partially achieved the U.N.’s Millennium Development Goals on Water. Before 2015, North Africa had achieved a 92 percent improved source of drinking water for its people. Sub-Saharan Africa, on the other hand, had only achieved 61 percent and was not on track to meet its 75 percent goal. Investment in infrastructure systems such as dams would improve public health and increase economic stability while achieving water access targets.
  2. In sub-Saharan Africa water access is inequitable. In urban areas, 90 percent of the wealthy households have access to improved water sources with piped water in more than 60 percent of the homes. In rural settings, fewer than 50 percent of people access improved water sources with the poorest 40 percent of homes having no in-home water access. Only 16 percent of Sub-Saharan residents have access to a water tap in their home or yard.
  3. The burden of water retrieval falls on girls and women. The time and labor-intensive chore of carrying water home from a distance prevents girls and women from pursuing income-generating work and education. It also puts them at risk of violence on long journeys for water. Approximately 13.5 million women in sub-Saharan Africa travel more than 30 minutes each day to collect water. They carry repurposed cans that hold five gallons of water and weigh 40 pounds when full. The women may have to take several trips in a day depending on the size of their family.
  4. Water scarcity and lack of sanitation threaten public health. Poor sanitation and limited water lead to outbreaks of cholera, typhoid fever and dysentery, which can contaminate the limited stores of fresh water. When people store water in their homes, this creates a breeding ground for mosquitos, which leads to an increase in malaria and dengue fever. Other diseases connected to water scarcity include trachoma, plague and typhus. Prioritizing water quantity over quality can lead to bacterial diseases causing diarrhea, dehydration and death, especially in children.
  5. In sub-Saharan Africa, 95 percent of crops are dependent on rainfall. Increased water storage capacity will increase resiliency to water shortages resulting from droughts. Dependency on rainfall for crops is limiting. Small-scale but efficient usage of ponds, tanks, and wells can improve agricultural output. The implementation of various methods of watering crops can reduce water stress and improve food security. Farmers could use drip irrigation, pumps and shallow wells to reduce reliance on rainwater.
  6. Sustainable agricultural development will lead to sustainable water sources and reduced stress. An example of a sustainable agricultural method may be aquaponics, which requires no soil and little water.

Continued innovation, education and infrastructure development are necessary for Africa to improve access to safe and clean drinking water. While much progress is underway, these 6 facts about water quality in sub-Saharan Africa show that the continent will continue to face climate, political and economic barriers in meeting these goals.

– Susan Niz
Photo: Wikimedia

January 3, 2020
https://borgenproject.org/wp-content/uploads/borgen-project-logo.svg 0 0 Kim Thelwell https://borgenproject.org/wp-content/uploads/borgen-project-logo.svg Kim Thelwell2020-01-03 01:30:582020-01-18 12:15:276 Facts About Water Quality in Sub-Saharan Africa
Education, Global Poverty, Hunger

Food for Education is Feeding Kenyan Schoolchildren

Food for Education is Feeding Kenyan Schoolchildren
The World Health Organization (WHO) reports that Africa has the highest rising rates of hunger in the world. In Eastern Africa, where Kenya is located, almost a third of the population is said to be undernourished. Additionally, 40 percent of the world’s stunted children live in Africa. Luckily, Food for Education is feeding Kenyan schoolchildren to help solve the problem.

Food for Education

Wawira Njiru founded Food for Education in 2012 to provide nutritious, subsidized meals to children in Kenyan primary schools. When she began, Njiru only fed 25 children from Ruiru Primary School. Now, her organization has provided over 500,000 meals to more than 10,000 children across 11 different primary schools. Food for Education has four head chefs and eight assistant chefs who prepare food. The organization delivers the food to the 11 partner schools by lunchtime. Parents pay $0.15 for the lunches using mobile money, which then credits into a virtual wallet. The wallet links to a smart wristband that students wear that they then use to pay for their meals.

Effects of Hunger on Students

Food for Education is feeding Kenyan schoolchildren and this is important because hunger affects both the physical and mental development of children. Estimates determine that 23 million children go to school without anything to eat in Kenya. Chronic undernutrition impacts one in four children, stunting their growth. Children who are hungry fall behind in classes because they have trouble learning and paying attention. The child may also fall behind in class as a result of missing classes to help their family put food on the table. In addition, they are also more likely to have behavioral problems. All of these challenges may result in the child having to repeat a grade, which contributes to the family’s financial strain. In the long run, it affects the child’s productivity and future economic potential.

There has been a positive impact since Food for Education began its work feeding Kenyan schoolchildren. The organization reports that other than the improved nutrition for the children, there has been an improvement in school attendance, school performance and the transition rates from primary to high school. The U.N. deputy secretary-general, Amina Mohammed, at a school visit by Food for Education, noted that stunted growth costs Africa $25 billion annually. Therefore, the work that Njiru and her organization does is helping lift people out of poverty.

The Benefit to the Community

Food for Education does not only benefit the student, it also feeds the community around them. For example, the organization utilizes food sourced from local farmers. Njiru also makes an effort to only hire locals. The 35 employees who help her meet her goal are all from the Ruiru community. This is important because it enables the members of that community to earn an income and support themselves.

Food for Education efforts are helping Kenyan children receive an education without worrying about a lack of stable access to food. In fact, Njiru’s contribution has not gone unnoticed. In 2018, she was the first recipient of the Global Citizen Prize, Cisco Youth Leadership Award. Among other things, the award came with a cash prize of $250,000 which has significantly helped boost the organization. She hopes that she can one day scale up from 10,000 meals a day to providing one million meals a day.

– Sophia Wanyonyi
Photo: Flickr

January 2, 2020
https://borgenproject.org/wp-content/uploads/borgen-project-logo.svg 0 0 Lynsey Alexander https://borgenproject.org/wp-content/uploads/borgen-project-logo.svg Lynsey Alexander2020-01-02 01:30:252024-06-07 05:08:00Food for Education is Feeding Kenyan Schoolchildren
Global Poverty

Facilitating Stock Market Participation in Nigeria

Stock Market Participation in Nigeria
People have considered online fraud a major problem in Nigeria for a long time now. One popular online scam, known as a 419, is to send an email, letter, text or social media message wherein the sender offers the recipient money. The offer includes a request to help transfer money in exchange for a monetary reward. Although people now practice this scam worldwide, it originated in Nigeria.

As a result, many Nigerian stock investors have a difficult time opening stock accounts. Part of the account opening process involves selecting their nationality. Oftentimes, once they select Nigerian, they flag the account without opening it. One way people try to boost their assets is by investing; however, this effectively cuts Nigeria off from the world stock markets. Nigerians continue to face exclusion from the rest of the world and its stock markets. Of African countries, Nigeria makes the most from its movie and entertainment industry and is the top in the continent. It has also become a popular place for venture capital activity and the creation of startups.

Increasing Stock Market Participation in Nigeria

Since Nigerians are not able to open a stock account on these trading platforms, Chaka created a new platform. Chaka has a design to meet Nigerians’ needs; however, it is also open to everyone. It enables Nigerians to participate in foreign stock markets, including those in the U.S., U.K., Japan and Australia. One of Chaka’s drivers is to break down global investment barriers that block Africa from the rest of the world. This makes it easier for foreign investors to invest in Africa and vice-versa.

The platform works in partnership with DriveWealth, where Nigerian investors receive an affordable way to invest in stock markets with fractional shares. They only need an email to sign up and they start with a minimum of 1,000 Naira (or $10 USD) in their digital wallet. They can then begin investing in over 40 countries and over 4,000 assets, including major companies such as Google and Apple. Local trades cost 100 Naira and global trades cost $4 USD. Although the exchange rate of the Naira does fluctuate often, Chaka solves this problem by converting it to USD. The rate is set at 9 AM and continues until 2 PM for all transactions.

Security and Regulations

Chaka is locally and internationally regulated and provides bank-level encryption for all data and transactions. A local brokerage firm provides regulations, working with the Nigerian Stock Exchange (NSE), Central Securities Clearing System (CSCS) and Nigeria’s Securities and Exchanges Commission (SEC). A U.S. brokerage firm that follows the regulations of the U.S. Financial Industry Regulatory Authority (FINRA) and SEC provides international regulations. Advanced Encryption Standard (AES) protects all website traffic and keeps all transactions confidential.

Users

Currently, many Nigerian stock investors are looking for foreign investment opportunities to maximize potential profit. Chaka has become the go-to trading platform for Nigerians, causing its user base to skyrocket. Chaka already has between 1 and 2 million users, a number which is growing daily.

Chaka’s future plans include branching out to other investment products from its app, such as mutual funds, fixed income products and cryptocurrencies. In a five-year partnership with NASDAQ and Airtel Africa, it will be upgrading its platform to include more listings and improve digitization. It has also received an undisclosed amount of pre-seed funding from Iyinoluwa Aboyeji, but it has not provided the exact amount.

Chaka has also partnered with DriveWealth, a company that provides Chaka with the access that it needs to U.S. markets, as well as a series of digital products. DriveWealth also allocates Chaka with some of the best technology for Nigerian stock investors to use in international trading. Thus far, the merging of the two technologies has been simple. Further, Chaka believes the partnership will last for a while. Another organization that plans to help Chaka is Citi Investment Capital Limited (CICL), which is a local stockbroking firm that can make brokerage transactions easier. In return, Chaka has assisted CICL with improving its digital products. These combined efforts will aid the country in accessing foreign stock markets and provide more opportunities for stock market participation in Nigeria.

– Nyssa Jordan
Photo: Wikimedia Commons

January 1, 2020
https://borgenproject.org/wp-content/uploads/borgen-project-logo.svg 0 0 Lynsey Alexander https://borgenproject.org/wp-content/uploads/borgen-project-logo.svg Lynsey Alexander2020-01-01 01:30:432019-12-18 07:06:36Facilitating Stock Market Participation in Nigeria
Children, Global Poverty, Poverty, Poverty Reduction

All As One is Fighting Child Poverty in Sierra Leone

All As One is Fighting Child Poverty
All As One is an orphanage fighting child poverty in Freetown, Sierra Leone. Sierra Leone is one of the poorest countries in the world – 56.8% of the population was living below the poverty line as of 2018. The 340,000 orphaned children feel the disparities of this country in particular. They have a one in five chance of dying before they reach the age of 5 and a 57% chance of never learning to read.

Recently, The Borgen Project had the opportunity to speak to the Executive Director of All As One, Deanna Wallace. During the interview, Wallace noted that All As One has been working in Sierra Leone over the past 20 years and that the orphanage has impacted “the lives of over 35,000 children and young adults, helping to bring change to a generation of children.”

How All As One Fights Child Poverty

Four main factors cause poverty in Sierra Leone including corruption within the government, insufficient infrastructure, lack of education and inadequate civil rights. Children often die at birth due to low-quality health care or starvation. The problem of child poverty worsened after the 2014 Ebola outbreak, which left thousands more children orphaned and impoverished.

All As One is fighting child poverty in Sierra Leone by taking care of its most vulnerable children and young adults. The orphanage provides them with a home, education, medical care and other amenities as needed. While All As One does not offer adoption services, the amenities it does provide help these children establish a healthier lifestyle.

Wallace stated that “All As One helps fight poverty on the ground level, mainly through education, so that their children can find jobs and support themselves as adults.” The organization also gives micro-loans to entrepreneurial young women with dreams of starting a business. In addition, All As One provides nourishing meals to 100 children every day, with hopes that these children escape the grips of poverty.

The organization currently has about 45 children in care and about 55 daily patrons from the surrounding community, who visit for schooling and food.

Life At the Center

Life for a child at All As One involves going to school, doing homework, completing small chores, having playtime in the afternoons, attending church on Sundays and occasionally going on outings. Reflecting upon these offerings, Wallace said that “the children we care for have it better than so many [children in Sierra Leone] like those who are forced into the workforce as a child.” A staggering 51.3% of children in Sierra Leone are subject to child labor.

Recent Strides in Fighting Global Poverty

Recently, five All As One students received the opportunity to take a university entrance exam. Although the test typically has a 95% failure rate, all five AAO students passed the exam and were able to continue on to attend university. Victories such as this encourage All As One to continue its fight against poverty in Sierra Leone.

– Emily Joy Oomen
Photo: Flickr

December 31, 2019
https://borgenproject.org/wp-content/uploads/borgen-project-logo.svg 0 0 Kim Thelwell https://borgenproject.org/wp-content/uploads/borgen-project-logo.svg Kim Thelwell2019-12-31 01:30:522022-03-31 11:14:42All As One is Fighting Child Poverty in Sierra Leone
Technology

5 World Leaders in Agriculture Technology

Agriculture Technology
Agriculture is a cornerstone of human development and one of the most easily accessible methods of generating food. However, agriculture is also one of the riskiest ways to feed a community due to the unpredictability of the weather and pests that could spontaneously destroy an entire year’s worth of crops. Many countries, like India, struggle to maintain farms due to a lack of water, infrastructure and storage facilities. It is no surprise, then, that experts across the world argue that advancements in agriculture technology could prove invaluable in the fight against poverty due to larger crop yields and more success during harvests. Although no one has found a definitive solution to effectively grow enough food to feed those in poverty, numerous organizations have developed potential solutions to the problems that plague agricultural communities.

5 World Leaders in Agriculture Technology

  1. Farmmi: One organization making efforts in agriculture technology is Farmmi, an agricultural product supplier responsible for most of China’s supply of Shiitake mushrooms and other fungi. Recently, Yefang Zhang, Farmmi’s CEO, announced a partnership with the China Democratic League on Poverty Alleviation Initiative. During this partnership, Farmmi plans to provide new job opportunities for those living in impoverished village communities, give agriculture technology advice to farmers free of charge and sell local agricultural products in Farmmi Stores. Representatives of Farmmi will also meet with the China Democratic League continuously to discuss optimal ways to help poor villages in China with their farming, and ways to implement new action plans for agriculture effectively.
  2. Yunshang Agricultural School: In the Gui’an area of Beijing, China, citizens have a large selection of programs in which they can improve both the dependability of their crops and the amount of food they produce during harvest. One example lies in the Yunshang Agricultural School, an institution to help educate the farmers of the area on scientific planting. In these classes, farmers learn the most optimal ways to grow their crops by planting seeds in different formations or at optimal times. Citizens of the Gui’an area have also been utilizing smartphone technology to monitor their agriculture, like installing cameras to check the growth of greenhouse crops instead of examining them one by one. This education on agriculture and utilization of technology in farming sparked the construction of the Gui’an Agricultural and Tourism Industry Demonstration Park in 2015. This park contains several greenhouses and many different agricultural activities for tourists, including tropical fruit picking halls and a demonstration on smart agriculture, but the biggest impact lies in the park’s efforts to fight poverty. Currently, the Gui’an park is collaborating with 11 villages in the area through the Big Data Agricultural Precision Poverty Alleviation Agreement. With this agreement, the Gui’an Park aims to help poor villages grow high-value crops through the teachings of the Yunshang Agricultural School. As long as the people of the Gui’an area continue to focus on agricultural technology and education, more and more farmers will have the resources necessary to feed the people in their communities.
  3. Internet of Things: As the agriculture technology market grows, so does general interest from corporations. One example is Internet of Things, a tech company that has developed sensors to monitor the soil moisture of crops. These monitors can connect to a smartphone or personal computer, allowing farmers to save time that they would usually spend testing the soil. Internet of Things also plans to provide irrigation sensors and actuators, which will maximize water efficiency with crops. This should ensure that crops never receive too much or too little water, and minimizes water waste. The International Business Machines Corporation predicts that these tools from Internet of Things will improve crop yield by 70 percent by 2050. With these innovations Internet of Things has made a massive advancement in agriculture technology and its application in impoverished areas could prove invaluable in the fight against world hunger.
  4. H2Grow: Established in 2017 as part of the World Food Programme, H2Grow is an agriculture technology organization dedicated to helping poor communities build their own hydroponic systems so that they can grow food in previously barren areas. In areas with little to no soil, like a desert, traditional farming is nearly impossible. Hydroponic farming, however, involves no soil because the farming occurs either entirely in water or with some soil substitute like moss or peat. The removal of soil in the farming process allows the plants to receive their nutrients directly from the water while they grow and generally results in larger, healthier plants. With this practice, H2Grow has helped many communities grow their own food since its inception, sourcing 714 applications for hydroponic farming systems in 2019. As H2Grow installs more and more hydroponic farming systems, the world may see a day when every country has the ability to grow its own food.
  5. GrainMate: Launched in December 2017 by Sesi Technologies, GrainMate is an electronic meter invented to help impoverished farmers and businesses test the moisture levels in their grains. Monitoring the moisture level of grains helps a farm prevent detrimental losses during storage. If a farmer uses GrainMate and finds that his wheat is drying out, he can take the necessary steps to restore the grains to a safe moisture level, preserving them for as long as possible and maximizing the effectiveness of his crop yield. Sesi Technologies has received many orders for GrainMate, like one from Vinmak Farms in Ghana, that stated that its device is a good quality product to use on farms. With GrainMate in its arsenal, the farms of Africa have an advantage in the unpredictable nature of agriculture.

The use of agriculture technology is the most effective way to minimize world hunger. Whether it is a device that monitors the moisture level of crops or an initiative to educate citizens on optimal farming techniques, programs and innovations like these will continue to grow and develop to provide the quickest, cheapest access to food for disadvantaged communities.

– Charles Nettles
Photo: Flickr

December 30, 2019
https://borgenproject.org/wp-content/uploads/borgen-project-logo.svg 0 0 Jennifer Philipp https://borgenproject.org/wp-content/uploads/borgen-project-logo.svg Jennifer Philipp2019-12-30 01:30:252024-12-13 18:01:595 World Leaders in Agriculture Technology
Global Poverty, Technology

H.R. 1616 and European Energy Security

European Energy Security
H.R. 1616, The European Energy Security and Diversification Act of 2019, is a bill in the U.S. Senate that aims to incentivize and assist European and Eurasian countries to develop and utilize diverse energy sources. H.R. 1616, that Representative Adam Kinzinger introduced and nine other Representatives co-sponsored, focuses on European energy security that will incentivize American investment into European and Eurasian energy infrastructure and energy markets. According to the European Commission, European energy access is a problem for many Europeans.

The European Commission estimates that between 50 and 125 million people (at the highest estimation, 17 percent of the European population) in Europe are unable to afford the energy necessary for proper indoor thermal heating. H.R. 1616 would directly benefit these individuals, the energy poor, because of the introduction of more cost-effective energy infrastructure, an increase in accessibility in the energy markets.

European Energy Security

The Council of European Development Bank reports that energy poverty is a result of poor energy infrastructure and of the inaccessibility to energy markets. Because the majority of energy insecure homes are already poor, the lack of access to energy compounds the effects of poverty. The choice between energy and food, for instance, is a common choice for those in the bottom 20 percent of the income distribution. In Europe particularly, the lack of energy infrastructure across borders is detrimental; 85 percent of those who are energy insecure live in 10 of the 32 European states. Meanwhile, natural gas is 20 percent of the energy in Europe and coal makes up 20 percent of European energy markets. Both are inefficient and the grid infrastructure makes gas and coal inaccessible.

H.R. 1616 Policy Goals and Income

H.R. 1616 would increase access to energy markets by funding the transition away from natural gas and coal through aid, increasing European access to the American energy market and funding accessible infrastructure. The bill also allocates $579.5 million to help properly create supply routes throughout Europe, and between European states, which would ensure rural access to energy. H.R. 1616 would also negotiate cross-border energy infrastructure, including negotiating environmental standards and the accessibility of an array of energy sources.

The E.U. has been diversifying some forms of energy in the status quo by increasing energy production in the Baltics on the Mediterranean Sea and the Adriatic Sea. However, Europe would be unable to sustain the diversification of energy on its own due to current regulatory restrictions that the U.S. put in place, as well as the economic barrier of opening new markets. H.R. 1616 would raise the regulatory restrictions and fund the new markets, allowing for Europe to continue to decrease energy insecurity in its states. 

A Lasting Effect

H.R. 1616 will decrease energy insecurity in Europe, alleviating the effects of poverty in the lowest echelons of society, and fund the transition away from unsuccessful forms of energy production. The infrastructure that H.R. 1616 would build would increase access to energy and allow cross-border energy trade, making sure that poor states have access to energy. The current European trend of diversifying energy would continue, ensuring European energy security and diversification. The House passed the bill, and the Senate has read it and referred it to the Committee on Foreign Relations for further review.

– Denise Sprimont
Photo: Flickr

December 29, 2019
https://borgenproject.org/wp-content/uploads/borgen-project-logo.svg 0 0 Jennifer Philipp https://borgenproject.org/wp-content/uploads/borgen-project-logo.svg Jennifer Philipp2019-12-29 01:30:382024-05-29 23:13:57H.R. 1616 and European Energy Security
Page 1202 of 2459«‹12001201120212031204›»

Get Smarter

  • Global Poverty 101
  • Global Poverty… The Good News
  • Global Poverty & U.S. Jobs
  • Global Poverty and National Security
  • Innovative Solutions to Poverty
  • Global Poverty & Aid FAQ’s
Search Search

Take Action

  • Call Congress
  • Email Congress
  • Donate
  • 30 Ways to Help
  • Volunteer Ops
  • Internships
  • Courses & Certificates
  • The Podcast
Borgen Project

“The Borgen Project is an incredible nonprofit organization that is addressing poverty and hunger and working towards ending them.”

-The Huffington Post

Inside The Borgen Project

  • Contact
  • About
  • Financials
  • President
  • Board of Directors
  • Board of Advisors

International Links

  • UK Email Parliament
  • UK Donate
  • Canada Email Parliament

Get Smarter

  • Global Poverty 101
  • Global Poverty… The Good News
  • Global Poverty & U.S. Jobs
  • Global Poverty and National Security
  • Innovative Solutions to Poverty
  • Global Poverty & Aid FAQ’s

Ways to Help

  • Call Congress
  • Email Congress
  • Donate
  • 30 Ways to Help
  • Volunteer Ops
  • Internships
  • Courses & Certificates
  • The Podcast
Scroll to top Scroll to top Scroll to top