Business
Shea Alliance, USAID Partner On Shea Market Dev
The Global Shea Alliance and the United States Agency for International Development (USAID) have signed a $13 million, five-year agreement to promote shea markets worldwide and improve sustainable production in Africa.
Under this Global Development Alliance, at least, 40 warehouses will be constructed in Nigeria and 40 women’s groups will be formed and trained to manage the warehouses for shea collection and processing.
In a statement made available to The Tide, yesterday, the US Embassy in Nigeria quoted President, Global Shea Alliance, Moumouni Konate, as saying: “The shea industry is changing and companies, governments, and donors are investing more in sustainable production and improving the benefit to 16 million women collectors and processors.
“The goal of this critical partnership is to help women collectors and processors organize into cooperatives, obtain equipment and training, and improve the financial benefit from the sale of their products. Stronger and more profitable women’s groups will process more shea, improve quality, and protect the trees.”
During the Global Shea Alliance’s annual conference in Accra, Ghana, USAID/West Africa Mission Director, Alex Deprez said, “We know well the benefits of increased trade for rural communities across Africa.
“The Global Shea Alliance is pioneering efforts to grow markets and improve the livelihoods of rural women and their families that stand at the base of the shea value chain. We are proud to partner in these activities,” he added.
The statement revealed that the partnership will match up to $6.5 million in USAID funds with $6.5 million in private sector funding raised by the Global Shea Alliance to implement promotional and sustainability activities in Benin, Burkina Faso, Cote d’Ivoire, Ghana, Mali, and Nigeria.
It added that the activities include the construction of 250 warehouses for women shea collector and processor groups; provision of capacity building and trainings for 137,500 women shea collectors and processors; and launching of health and safety initiatives for women collectors.
Others are to improve the financial benefit of women collectors and processors by 50 per cent; launching of research projects to improve shea tree planting materials; supporting tree planting campaigns and improved management of parklands; launching of resource conservation projects to reduce wood and water use; and hosting of annual conferences and exhibitions in Africa, the United States, and the European Union; and a variety of other international engagements to grow shea markets worldwide.
The Tide recalls that the Global Shea Alliance is a non-profit industry association with 400 members from 31 countries, including women’s groups, brands and retailers, suppliers, and NGOs.
Through public-private partnerships, the Global Shea Alliance promotes industry sustainability, quality practices and standards, and demand for shea in food and cosmetics.
The USAID/West Africa regional mission’s goal is to promote social and economic well-being advanced by West Africans.
Spanning 21 countries, USAID/West Africa designs and implements programs with West African partners to strengthen systems of non-violent conflict management, support economic growth, and expand quality health services.
The American people, through USAID, provide economic and humanitarian assistance in more than 100 countries worldwide.
Josephine Atagana
MoniePoint Inc. a digital financial firm in Nigeria, has said it is empowering community pharmacists across the country with innovative payment solutions to improve access to drugs.
The financial firm said it had also provided loans for pharmacists under the aegis of the Association of Community Pharmacists of Nigeria (ACPN) to drive healthcare delivery in the country.
MoniePoint in a release titled, “Inside Nigeria’s community pharmacies: How Moniepoint drives healthcare access with payments and funding”, has reaffirmed its commitment to providing digital payment solutions to improve health outcomes in Nigeria.
The release examined how community pharmacies play a crucial role as vital access points for medical care in Nigeria, especially in areas with limited hospital or clinic access.
According to the release, the ACPN National Chairman, Ambrose Igwekwam, highlighted the critical role played by community pharmacies in Nigeria’s healthcare system over the years.
Igwekwam, however, expressed concerns over the challenges confronting the nation’s pharmaceutical industry which he said was hindering access to affordable medicines.
The pharmacist listed poor infrastructural systems, power, transportation, regulatory bottlenecks, importation dependency, and limited research opportunities as major challenges facing the pharmaceutical sector.
He also stressed the need for robust collaborative efforts with institutions like Moniepoint to strengthen the sector.
“As Nigeria continues to grow, improving local pharma manufacturing to meet the demands of this growth presents a key opportunity for us all.
“There is also the African Continental Free Trade Area Agreement, which is expected to boost our industry, especially when we start producing our drugs locally, which will provide the much needed foreign exchange from exports.
“We are also seeing advancements in digital health and technology which would hopefully deepen the practice of e-prescription in Nigeria”, the ACPN boss said.
Corlins Walter
In order to enhance customer service and streamline operations, the Chartered Insurance Institute of Nigeria (CIIN) has called on stakeholders in the insurance industry to embrace Artificial Intelligence (AI).
The President of the institute, Yetunde Ilori, made this call at the 2024 Office Representatives Committee (ORC) Workshop, organised by the institute, with the theme “AI and the Future of the Insurance Industry”, in Lagos.
Ilori at the event, emphasised the importance of AI adoption, noting that it was not a threat to jobs but rather a tool to improve efficiency across the insurance sector.
“It is not about AI taking over our jobs, but about us using AI to simplify processes and give maximum satisfaction to all the customers we serve whether as underwriters, brokers, loss adjusters, or in educating our members”, she said.
The workshop, which brought players in the insurance sector together, aimed to address how AI could be leveraged to transform business processes and improve customer interactions.
The Chairman of the ORC, Monica Nwachukwu, underscored the role of AI in modernising the industry, adding, “AI can automate customer and claims processes, allowing insurers to provide faster and more efficient services to their customers”.
She explained how AI could help extract data from legacy systems, enhancing decision-making processes.
“By integrating AI with APIs, insurers can feed valuable data into AI solutions to improve operations and customer service”, she added.
In his address, the Managing Partner of A4S and Training Heights, Orlando Odejide, stressed the need for companies to align their strategies with future technologies like AI, especially as they prepare for 2025.
“Any organisation that wants to grow into the future must have its strategic plan in place. If your strategy for 2025 is not ready, it should be done by October”, he advised.
He encouraged participants to think critically about how AI could be integrated into their business models to ensure they remain competitive.
“The idea is for you to use this workshop as a platform to think about your organization and how AI can help streamline your processes and improve growth”, Odejide noted.
In order to gain global respect and recognition, the National Space Research and Development Agency (NASRDA) has reaffirmed its determination to pursue its goal in ensuring that Nigeria’s space capabilities are recognised on the world stage.
The agency also reaffirmed its commitment to positioning Nigeria as a key player in the global space economy.
In a statement by the Director of Media and Corporate Communications, Dr. Felix Ale, NASRDA revealed that the Director-General of the agency, Matthew Adepoju, emphasised this during recent engagements at the 79th United Nations General Assembly and the Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA) and Global Alliance Business Association international conference in Michigan, United States.
The statement noted that Adepoju outlined a forward-thinking agenda, stressing the importance of Nigeria’s space programme as a leader in research, exploration, and technological innovation.
“Our goal is to ensure that Nigeria’s space capabilities are recognised on the world stage.
“We must foster collaborations with global space agencies to enhance our satellite capabilities and technological infrastructure”, he stated.
The NASRDA boss said the agency is focusing on enhancing satellite capabilities, expanding international collaborations, and leveraging space science for national development.
He said NASRDA will have no stone unturned in pursuit of excellence, ensuring the agency secures the necessary resources and recognition to propel it forward.
“The relationships we build today will pave the way for tomorrow’s advancements in space science.
“Innovation and progress thrive in an environment built on collaboration and inclusivity”, he stated.
He emphasised that with the support of the government, international partners, and a dedicated team, NASRDA is poised to make significant strides in the evolving global space landscape.
“We are on the brink of a new era for Nigeria’s space agency. Together, we will ensure our nation stands out in the global space economy”, he said.
Corlins Walter
