Friday, 13 December 2013

Object of Desire: The ADODI clutch by PoQua......




Paulina says: Yippee....... just in time for Christmas!!!! Why not treat that special lady in your life to one of PoQua's ADODI clutches.. They are set to hit the store on the 21st December 2013..... For more info visit: https://www.facebook.com/poqua

Objects of Desire: Bespoke Necklaces by Nkapo.....


 


Photo Credit: Nkapo/C.Asare Photography 2013


"NKAPO - For the sophisticated, Bold and Confident woman with a unique sense of style who is not afraid to accessorise." Nkapo

 

Paulina says: Nkapo's beautiful bespoke jewellery pieces are bold colour popping must-haves that will dress up any outfit. Prices upon application via: http://www.nkapo.com/
https://www.facebook.com/NkapoWoman

Object of Desire: Wax Print Knee-High Flat Gladiator Sandals by Diva Delicious......






Paulina says: How fab are these Ghanaian wax print knee-high flat Gladiator sandals by Diva Delicious? Set to hit the Diva Delicious store in January 2014, these Yvonne Nelson inspired sandals will bring out your inner Greek goddess.... For more info visit: http://mydivadelicious.com/
https://www.facebook.com/pages/Diva-Delicious/82072105813

Tuesday, 10 December 2013

Words of Wisdom: Mario Barwuah Balotelli




 
 
"I am a naturalised Italian, but I'm from Ghana. I was abandoned by my parents and adopted by two angels. I suffer with racism every day. I am the first black to wear the jersey of Italy. I'm not angry, but my life experiences make me act differently from other people. Then, try to learn more before you criticise me!" Mario Barwuah Balotelli
 

Inspirational Women: Judge Barbara Mensah.....




Her Honour Judge Barbara Mensah sits as a circuit judge at Luton Crown Court, and is the very opposite of that cliché, the Oxbridge-educated old buffer. Born in Ghana, she was sent to school in England aged six. She studied philosophy at the University of Wales in Swansea before training to be a barrister. Even her career has been unusual, with a period spent working in the private sector. She came into judging through sitting on a Financial Services Tribunal and realising that she liked the work. Role models"Go down any High Street now," she says, " and you see such a diverse population. And when people appear in court either as witnesses or as defendants or as litigants, they want to see that reflected in the bench as well.

"Because there is a perception otherwise that they are not going to get justice - I think a wrong perception - but there is that perception, that they may not get somebody who's understood their particular background."

What is more, the thinking goes, if we want the best people available to become judges, then highly-talented lawyers who are women or from a racial minority need to see role models on the bench. Otherwise they might not even think it is worth applying. Or they might assume any conversation with their fellow judges would be limited to cricket, golf and fine wine, and decide the company does not sound that stimulating. Judge Barbara Mensah says that "just as it is very important for the public - society at large - to see that there is a diverse judiciary it is also important for the profession. "In my own case it never occurred to me to aspire to be a judge because I didn't see anybody like me on the bench. And I think that's true today as well." To be fair, judges need to be lawyers of long experience, and it will take some time for the increasing numbers of women and minority ethnic solicitors and barristers to accumulate the necessary years. But that excuse is starting to wear a bit thin. There are plenty of experienced women and Asian and Afro-Caribbean lawyers practising these days. Around one in 10 of all solicitors and barristers are from an ethnic minority. Around one in three are women.

This was taken from the BBC. Do visit the following link to read the entire piece.... http://news.bbc.co.uk/1/hi/uk/7935741.stm
 

Is Africa Rising.......Or Not?????



Fifty-six percent of Africans feel their governments are doing a bad job of managing the economy. Photograph: Sunday Alamba/AP
 
 
Title: Africa is not rising, survey shows
 
Research suggests that the boom benefits only a narrow elite while leaving the poor and unemployed behind
 
 
The idea that Africans have never had it so good is rapidly becoming economic orthodoxy. Foreign investors, media and politicians from William Hague to Jacob Zuma have championed a narrative usually summed up in two words: "Africa rising".

The majority of Africans themselves, however, feel that the picture is far less rosy, complaining that the continent's much vaunted economic growth is failing to trickle down to their daily lives, according to the biggest survey of its kind.

"After a decade of growth in Africa, little change in poverty at the grassroots," is the title of a report by the
Afrobarometer research project, which questioned 51,605 respondents in 34 countries from October 2011 to June this year.

Roughly one in five Africans told researchers they still often lack food, clean water or medical care, while about half experience at least occasional shortages. More than two in five regularly lack a cash income that might enable them to meet basic needs, and three-quarters report going without money at least once in the past year.

In 16 countries where data is available over the past decade, the average experience of what researchers term "lived poverty" has hardly changed, the report adds.

"While we do see reductions in five countries (Cape Verde, Ghana, MalawiZambia and Zimbabwe), we also find increases in lived poverty in five others (Botswana, Mali, Senegal, South Africa and Tanzania)," it states.

"Overall, then, despite high reported growth rates, lived poverty at the grassroots remains little changed. This suggests either that growth is occurring, but that its effects are not trickling down to the poorest citizens (in fact, income inequality may be worsening), or alternatively, that actual growth rates may not match up to those being reported."

The poll also found that 56% of Africans feel their governments are doing a bad job of managing the economy and even higher numbers give them low ratings for improving the living standards of the poor (69%), creating jobs (71%) and narrowing income gaps (76%).

The findings come despite Africa's economies having grown by an average of 4.8% between 2002 and 2011, making it the new darling of the investment community and earning headlines such as "the hopeful continent" from the Economist magazine.

Critics have warned that the boom is benefiting only a narrow elite while leaving the poor and jobless behind, exacerbating inequality and potentially sowing seeds of unrest. The wave of "Afro-optimism" should be qualified, they argue.

Carolyn Logan, assistant professor of political science at Michigan State University and deputy director of the research project, said: "The survey results show there is a disconnect between reported growth and the persistence – in both frequency and severity – of poverty among ordinary citizens. It's evident that African governments need to focus as much attention on poverty reduction efforts as they are on growing their economies."

The findings show significant correlations between access to electrical grids, piped water and other basic services in communities and lower levels of poverty. Higher levels of formal education also correlate with sharply lower experiences of deprivation.

People in Burundi, Guinea, Niger, Senegal and Togo suffered the highest average levels of poverty, while residents of Algeria and Mauritius experienced the lowest. Five of the seven countries with the highest levels of nutritional deprivation – Burundi, Liberia, Madagascar, Sierra Leone and Niger – are all emerging from recent conflicts.

The report triggered in debate in South Africa, the continent's biggest economy but one of five found to have increasing levels of poverty over the past decade. Kenneth Mubu, shadow economic minister for the opposition Democratic Alliance, described it as a "harsh reality check for our government" and called for a parliamentary debate.

Economists insist, however, that the overall trends remain positive. Professor Mthuli Ncube, chief economist of the African Development Bank, said that the "Africa rising" narrative is intact, adding: "Even in the face of headwinds, we still see the same drivers in place, if not even stronger, be they political progress in terms of governance and macroeconomic stability or burgeoning domestic demand from the middle class. Even China growing at 7% sustainably is good enough to keep the commodity trend in the right direction for Africa."

But it is time for governments and business to manage Africa's natural resources windfall better, he added. "Some of it has been jobless growth, frankly, and the idea is now that it must create jobs. The good thing is that the leadership – whether political or economic – is recognising that the quality of growth has to be improved. We see the opportunity with natural resources as one way to do it, so structural transformation is critical for the attainment of inclusive growth. I think over the next 10 to 15 years we'll see progress in this direction."

Partners in the Afrobarometer project include the Ghana Center for Democratic Development, the Institute for Empirical Research in Political Economy in Benin, the Institute for Development Studies at the University of Nairobi in Kenya, the Institute for Justice and Reconciliation in South Africa and the Department of Political Science at Michigan State University in the United State.


Source: http://www.theguardian.com/world/2013/oct/02/africa-not-rising-survey


For more info about the Afrobarometer Research Project visit:  http://www.afrobarometer.org/
https://www.facebook.com/Afrobarometer
 

Business: Bob Diamond Eyes Up Africa's Banking Industry.........




Former Barclays boss Bob Diamond plans to use the fund to buy a stake in an African bank. Photograph: Nick Potts/PA

Title: Bob Diamond returns to the City with launch of new Africa banking business

Banker ousted from Barclays floats £150m fund for venture in Africa, with Nigeria rumoured to be starting point for investment

Bob Diamond, one of the most controversial bankers to emerge from the financial crisis and the man ousted as boss of Barclays after a direct intervention by the Bank of England, is making a dramatic return to the City with the launch of a new Africa banking business.

The financier once dubbed the "unacceptable face of banking", is attempting to raise $250m (£153m) by floating a fund on the London Stock Exchange within the next two weeks – he plans to use the proceeds to buy a stake in an African bank with a presence in several countries across the continent.

As part of the deal, Diamond is teaming up with an African entrepreneur called Ashish Thakkar, the 32-year-old chief executive of Mara Group, a conglomerate with "technology, manufacturing, real estate and agriculture" interests in 19 African countries. It is anticipated that both men will sit on the new public company's board.

Diamond's choice of London to float his first major banking venture since leaving the City will surprise many, even though it is thought to reflect London's supposedly better ties with Africa, compared with Wall Street. One London-based banking source said: "It reflects the knowledge of Africa here, plus the time zone".

However, returning to the City will not be without its inconveniences – as even Diamond's friends admit his reputation is lower in Britain than almost anywhere else in the world.

Diamond's name is still widely associated with some of the more emotive events of the financial crisis, as he was frequently criticised for the level of his pay and an aggressive attitude to business – even before the scandal over the fixing of the benchmark interest rate, Libor, forced him out of Barclays. In 2010 he was memorably dubbed the "unacceptable face of banking" by Lord Mandelson after it emerged that he had received cash and share awards that could net him £63m.

However, his downfall came in July last year, in the face of relentless pressure from politicians and regulators for him to go following the interest rate manipulation scandal which resulted in Barclays being fined £290m to settle claims that it used underhand tactics to try to rig financial markets.

Marcus Agius, Barclays' then chairman, and Sir Michael Rake, the bank's most senior non-executive director, were summoned to see the then Bank of England governor Lord King, where they were told that "Bob Diamond no longer enjoyed the support of his regulators".

That stain on the banker's reputation has been tricky to shift and it emerged last week that Diamond is to be called as a witness as part of Guardian Care Homes' £70m suit alleging Barclays mis-sold it interest rate hedging products based on Libor.

Quite how his return to banking will be viewed in Africa is unclear, as Barclays' own Africa business was forced to launch a charm offensive following the Libor fallout. However, sub-Saharan countries appear to be attractive investments for bankers, as only a quarter of the population is said to hold a bank account.

The financier has also made no secret of wanting to invest in Africa, where his family foundation is active. He recently met senior officials in Nigeria, which helped fuel rumours he might be looking at one of the country's troubled banks.

Diamond will be assisted in his latest project by the British-born Thakkar, who moved to Rwanda with his family when he was 12, before the family fled the Rwandan genocide to Uganda. He has said he started selling computer equipment to friends and his school in Kampala and built his business up into what became Mara Group.

The new London-listed vehicle will be called Atlas Mara – after Diamond set up a company called Atlas Merchant Capital in New York this year as an old-style merchant bank that is looking to sign deals with partners.

The pair's plan to raise money via a publicly-quoted cash shell with the purpose of buying assets in emerging markets is a controversial one. It is not without successes, but the reputation of such structures has received a large knock-back over the past couple of years with the corporate governance woes of Bumi Plc, an Indonesian mining firm created from a shell launched by the financier Nathaniel Rothschild.

Despite Diamond's reputation, the banker did leave the City with some supporters. He is widely credited with building Barclays' investment bank – Barclays Capital – which was an insignificant institution when he joined the firm in 1996.

Within a year it had merged with the fund management and trading arms of Wells Fargo and Nikko Securities and its stellar growth meant it provided an increasing chunk of Barclays' overall profits, which had previously come from more traditional lending.

Also, while Barclays was the first bank to be fined for Libor manipulation, Royal Bank of Scotland, Switzerland's UBS and Dutch lender Rabobank have subsequently been handed much larger fines.
Neither Diamond or Thakkar would comment.

 
Source: http://www.theguardian.com/business/2013/dec/08/bob-diamond-returns-city-africa-banking


Paulina says: Wow ...Africa's banking industry's about to get .....uber glamorous...