IBEX Facilitates Over US$608,000 in Loans to SMEs

first_imgThe Chief of Party at the United States Agency for International Development (USAID) funded—Liberia Investing for Business Expansion (IBEX) Program, has disclosed how her organization helped Liberian-owned micro, small-and medium-sized enterprises (SMEs) to obtain over US$608,000 in loans from the various banks in Monrovia since its inception in 2012. IBEX’s COP Watchen Harris Bruce made the disclosure recently at the just end two-day IBEX’s impact investing training seminar for SMEs and bankers in the country.The seminar was held on the theme: “The Basics of Impact Investing” for Bankers and SMEs.” Mrs. Bruce, however, observed that most SMEs found it difficult to access credit from various banking institutions, and as such, they were unprepared to present themselves for loan.According to her, IBEX was literally doing business diagnosis to identify, and analyze SMEs’ problems, and come up with appropriate prescriptions for solutions by providing financial services that include technical assistance and capacity-building for SMEs in the country.“Our focus is on cash flows, record keeping, business planning, financial projections (plan) and financial statements analysis to show profitability and break-even analysis for them (business people),” she disclosed. She told the gathering that the goal of IBEX is to, among other things, make Liberian businesses bankable as well as help them understand business management. Mrs. Bruce, however, said her organization is in the country to train, mentors, and give pieces of advice to SMEs in its seven program sectors to make them bankable.“Our programs,” Mrs. Bruce said, “include Agribusiness, Clean Renewable Energy, Construction, Infrastructure, Logistics/Transportation, General Merchandise/Trade, and Hospitality.”IBEX, she said, also trains bankers to acquire skills and knowledge that is necessary for cash flow analysis, profitability and financial statements of banks.As experienced banker like her, Mrs. Bruce said, many young people who are now entering into the banking sector do not really understand their customers’ requests in order to do comprehensive financial analysis and craft doable (achievable) credit deals. “The bottom-line is”, she emphasized, “know your customers.”Meanwhile, Mr. Bob Bragar, lead facilitator at the seminar said that the two-day IBEX seminar challenged the participants to take into documentary evidence, and good governance when sourcing out for social investors for financing.“The objective of the seminar is to show people what they need to do, where they should go and what they need to show in order to attract international impact investors,” said Mr. Bragar. He added that there is a strong desire on the part of USAID and IBEX to see that the impact investing knowledge comes to Liberia.According to him, social investors have committed themselves to up holding ethical principles in finance and information on them is available on the internet. Mr. Bob Bragar is Founder/Principal at Strategies for Impact Investors based in Amsterdam, the Netherlands.              Share this:Click to share on Twitter (Opens in new window)Click to share on Facebook (Opens in new window)last_img read more

Chef slapped with murder charge

first_imgLinden businessman shooting…jailed for 2 years on robbery chargeJohn Caesar, a chef of Lot 227 East Ruimveldt Housing Scheme, Georgetown, was on Wednesday charged and remanded to prison for the murder of 32-year-old Linden businessman, Romel Edison “Eddie” Gomes.Thirty-five-year-old Caesar made his first court appearance before Magistrate Clive Nurse at the Linden Magistrate’s Court and was also charged for disorderly behaviour. The charge was instituted after he behaved in a disorderly manner inJohn Caesarthe said courtroom after the matter was called on Wednesday.Additionally, Caesar was also sentenced to two years in prison in absentia after he was found guilty of a robbery committed at Lethem some time ago. It is alleged that on Monday, March 12, 2018, he inflicted injuries on Edison Gomes at his Lot 53 Wismar Housing Scheme, Wismar causing his death. After the matter was called, Caesar started yelling and behaving in a disorderly manner in the courtroom, which led to him being taken back downstairs to the prisoners’ holding cell. The case was adjourned until May 2.Caesar, who was the prime suspect in the murder case, was positively identified as an eyewitness after his arrest in the vicinity of Carmichael Street, Georgetown, last Wednesday. On the day of Gomes’ murder, Caesar was reportedly one of two persons seen at the home of the dead man. The businessman was reportedly heard arguing with Caesar and another man prior to his death. It was reported thatDead: Romel Edison “Eddie” Gomesduring the argument, a loud explosion was heard, and the suspects later fled the scene in Gomes’ motor car – PVV 2057 – which was parked in front of his shop. Gomes was later discovered in a pool of blood with his hands bound in front of him and a bandana tied around his mouth. He was found with a suspected gunshot injury to his right temple, a small laceration on top of his head and another lacerated wound to the neck. A post-mortem examination later gave his cause of death as a gunshot wound to the head. His car was recovered intact at One Mile, Wismar, Linden, the day after his murder. (Utamu Belle)last_img read more

Podcast: Sportsday on talkSPORT 2, June 22

first_imgThis Wednesday morning on Sportsday we looked back on yesterday’s Euro 2016 action as Northern Ireland qualified for the last 16 despite a 1-0 defeat to world champions Germany. We also looked ahead to today’s action as Republic of Ireland take on Italy in Group E, victory will ensure Martin O’Neill’s side finish at least third – and four points would guarantee they reach the knockout stages.We also reviewed yesterday’s first ODI between England and Sri Lanka at Trent Bridge.All brought to you by Tom Macleod and the team.last_img

Hope has new life on Rose Parade float

first_imgThe 1,500 special red roses in Laurie Wolowic’s floating rose garden will be displayed near the rear of this year’s Donate Life Rose Parade float. The Studio City woman will be there with them, walking beside the “Life Takes Flight” float in memory of her brother, Mike. He died a few days before Thanksgiving five years ago after falling from a ladder while doing house repairs. His donated organs gave life to four people. “I wanted to do something to honor him,” Laurie was saying Monday, receiving a few more cartons of roses sent to her by donor families from all over the world. But all these families, like Laurie’s own, had to grieve and suffer to bring joy and elation to the families of people who would now live. People like Joanne Foley in Woodland Hills, whose new kidney from a donor allowed her to see her grandson play his senior year of football this year at Moorpark High. She was at home Monday sending a Christmas card and another thank you note to the family of the North Carolina man whose kidney she now has. A donated kidney from a friend brought joy to Dale Wade Davis of North Hollywood who will now be around to see his two young daughters, Hayley and Rebecca, grow up. There are 1,500 poignant, moving stories in Laurie Wolowic’s floating rose garden. “The rose is a meaningful symbol of love, loss and renewal that represents something different to every donor family,” she says. “To some it is hope, to others it is grief, and to others gratitude.” Thanksgiving is still hard for her family, she says. Her parents were married on Thanksgiving Day more than 50 years ago, and it was tradition for all her nine brothers and sisters to come home and be one family again every Thanksgiving. When Mike fell from that ladder five years ago, a large part of the heart of the Wolowic family died with him. “But we remember the four families who are truly thankful for a second chance at life,” Laurie says. “I hear this incredible gratitude repeated from transplant recipients around the country. “When I speak with donation groups from Europe and Asia, I realize that no matter what language you speak or culture you live in, the need for organ and tissue donation is universal. “The desire to celebrate our loved ones and their gift of life connects us all.” For more information on Family Circle Roses or becoming an organ donor, go online to www.donatelifefloat.org, or give Laurie a call at 818-720-6300.160Want local news?Sign up for the Localist and stay informed Something went wrong. Please try again.subscribeCongratulations! You’re all set! AD Quality Auto 360p 720p 1080p Top articles1/5READ MOREWhicker: Clemson demonstrates that it’s tough to knock out the champFrom mothers and fathers in Germany, sisters and brothers in Italy, husbands and wives in South Korea, and kids and grandkids in Turkey and Vietnam. All of them wanting Laurie to plant a rose for a loved one in her floating rose garden. “Two years ago, when we started the Family Circle Rose Garden, we received 300 roses from donor families in 36 states,” Laurie said. “Last year, we had 1,000 roses from all 50 states and Canada. This year, we’ll have 1,500 roses from every state and 15 countries.” Her floating rose garden is beautiful, but bittersweet. On one hand, it shows that more families from all over the world consider organ donation a viable choice, and that’s a good thing. last_img read more

Manchester City to battle Monaco and Borussia Dortmund for Belgian wonderkid

first_img Tony Cascarino backs Everton to sign two strikers for Carlo Ancelotti Manchester City are reportedly after the signature of Belgium starlet Koni De Winter.However, according to Dutch media, the Premier League champions will have to take on Monaco and Borussia Dortmund for the 16-year-old, with the Ligue 1 side apparently winning the race at present. targets Where every Premier League club needs to strengthen in January targets LATEST Kevin De Bruyne ‘loves Man City and wants to keep winning’, reveals father RANKED Arsenal transfer news LIVE: Ndidi bid, targets named, Ozil is ‘skiving little git’ De Winter, who only turned 16 on June 12, has represented Belgium at youth level and currently plays as an under-16 international for the Red Devils.If City were to get their man who plays for Belgian side Zulte Waregem , this would not be the first time they have plundered Belgian academies, with Jason Denayer joining in July 2013. 1 The Premier League champions will be looking to bolster their squad ahead of their title defence next season Man United joined by three other clubs in race for Erling Haaland Top nine Premier League free transfers of the decade The biggest market value losers in 2019, including Bale and ex-Liverpool star REVEALED IN DEMAND LIVING THE DREAM Latest transfer news on talkSPORT.com moving on Cavani ‘agrees’ to join new club and will complete free transfer next summerlast_img read more


first_imgMAJELLA O’Donnell is set to be the special guest at this year’s North West Breast Cancer Ball.This is the fifth year of the event and takes place on Friday, November 28 at the Silver Tassie Hotel.“This is a 5th Birthday for the ball and we appreciate the continued support of the local community,” said Carolyn Davis “All of the funds raised go towards the very valuable research taking place at Letterkenny General Hospital so this really is a local community effort for the benefit of local people.“We are extremely delighted to announce today that Majella O’Donnell is taking time from her busy schedule to attend on the night.”Majella has fought her own battle with breast cancer – bravely raising hundreds of thousands of euro after having her hair shaved off on the Late Late Show.Noel Cunningham will be MC again on what should be a fantastic night out in an event proudly supported by Donegal Daily. Tickets are very reasonably priced at €50 – with a table of ten for €450.Every cent will go to local cancer research here in Donegal. MAJELLA O’DONNELL TO BE SPECIAL GUEST AT NORTH WEST BREAST CANCER BALL was last modified: October 24th, 2014 by John2Share this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window) Tags:2014Majella O’DonnellNorth West Breast Cancer BallNOVEMBER 28silver tassielast_img read more

Mother of toddler killed by train demands charges

first_imgSAN JOSE, Calif. – A woman whose 2-year-old son was struck and killed by a train after a baby sitter left him unattended, visited a makeshift memorial to the toddler and called for criminal charges in the case. Nicole Wilson, 22, passed around a blue fleece “Finding Nemo” blanket at the accident site Wednesday, urging well-wishers to sign the blanket. Her son, Alexander Arriaga, will be buried in next week in his hometown of Fresno. “He always complained that he was cold,” Wilson said. She also called for criminal charges against the woman who was watching her two children at the time. AD Quality Auto 360p 720p 1080p Top articles1/5READ MOREBlues bury Kings early with four first-period goals Police have arrested Katrina Marie Hatton, 20, on suspicion of child endangerment. She’s being held on $100,000 bail. Wilson had left Alexander and his 4-year-old brother, Elijah, with a friend, Tiffany Ball, who apparently passed the children off to Hatton, investigators said. Alexander was struck and killed by a passing Amtrak train while apparently running after Hatton, who had led the children across the tracks at an unmarked crossing and then went back to retrieve a stroller carrying her own child, investigators said. Charges have not yet been filed against Hatton. Her next court appearance is Monday in Santa Clara County Superior Court. 160Want local news?Sign up for the Localist and stay informed Something went wrong. Please try again.subscribeCongratulations! You’re all set!last_img read more


first_imgThe Mehan family, based in Donegal for the past eighty years, is the subject of a new Cogar documentary which will be broadcast on TG4 on Sunday next at 9.30 pm. Davinder Mehan, the father of the current generation of Mehans, moved to Donegal from the Punjab in Northern India in the early sixties.His uncle Balam Kand Mehan – or Bosy as he was locally known – had been based in Letterkenny since the 1930s, where he had a drapery business. Devinder began selling clothes around the Gaeltacht areas of north-west Donegal. He started on a bicycle, with his wares in a suitcase on the carrier. And he quickly became a well known character around the area.The business went well. Soon Devinder was able to buy a van, and thus able to cover more territory. There were very few vans on the roads of north-west Donegal in the mid-sixties. And even fewer driven by Indians. Devinder and his green Morris Minor, CIH 212, soon became a familiar sight.A couple of years later Devinder went back to India to visit his family. His parents decided that it was time for him to marry. Ramesh was chosen as the most appropriate match – by his parents. Devinder and Ramesh met only once, for tea, before they were wed. A couple of months later Ramesh arrived in midwinter Letterkenny wearing only her sari and sandals, and with only a few words of English.Fast forward fifty years. Bliss, the shop set up by Devinder on the Main Street in Letterkenny, is celebrating 30 years in business this year. It’s run by Sanjay Mehan, the oldest of the Mehan brothers. Bobby, the next eldest, has a shop in Strabane, another in Donegal town, and is a familiar figure at street markets throughout the northwest. Raj, the youngest son, runs the shop in Raphoe, the first that the Mehans opened in the mid-sixties.Meanwhile daughter Shona works in the Tourist Office in Letterkenny. Devinder and Ramesh are still very involved in the business. And the family is now known throughout Donegal as the Meehans.The programme traces the story of this unique family. It takes a trip with Sanjay and Devinder Mehan through the Gaeltacht areas of west Donegal, visiting some old customers as well as the shops in Letterkenny and Raphoe, the market in Falcarragh where Bobby has a stall, and Glenveigh national park, where the Mehans pay a visit to the statue of Ganesh, so central to their Hindu faith.The Mehans – Níos Conallaí ná na Conallaigh will be broadcast on TG 4 on Sunday, November 2nd at 9.30 pm with a repeat on Monday November 3rd at 7.30 pm. TELEVISION DOCUMENTARY TO FEATURE DONEGAL’S MOST FAMOUS INDIAN FAMILY was last modified: October 28th, 2014 by StephenShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window) Tags:donegalMehan familyTG4last_img read more

SA’s ‘super-growth’ companies

first_img30 May 2006Twenty percent of South Africa’s companies fall in the “super growth” category of firms which have grown considerably more than the average – up from 16% in 2005 and 12% in 2004 – according to consultancy Grant Thornton International.The result places South Africa in the top 10 on Grant Thornton’s Super Growth Index, which ranks countries by proportion of super growth companies, for the third year running – a reflection on the country’s consistent economic growth over this period.The Super Growth Index research project is part of Grant Thornton’s International Business Owners Survey, conducted among 7 000 owners of medium-sized businesses in 30 countries worldwide.More SA firms exportThe survey also found that the number of mid-sized South African companies that are exporting has increased to 37%, from 35% in 2005.Super growth companies, Grant Thornton said in a statement this week, are 23% more likely to export than ordinary companies – and far less constrained by their ability to finance expansion of their business.“For example, cost of finance was an issue for 50% more ordinary companies than super growth companies globally, as was shortage of working capital (47%) and shortage of long term finance (58%),” Grant Thornton said.“While access to finance and a shortage of long-term finance did feature as a constraint to South African mid-sized business owners, only 11% and 12% respectively viewed these issues as major constraints to business growth.”ConfidenceSuper growth companies, according to the survey, are also “very positive” about prospects for their business in 2006, specifically around such issues as increasing the selling price of their goods and services, growing exports and making greater investments in new buildings, plant and machinery.Of the SA business owners surveyed, 36% said they planned to increase their investment in new buildings, while 52% said they were looking to invest in new plant and machinery.US slipsThe United States topped Grant Thornton’s Super Growth Index for the second consecutive year, despite its proportion of super growth companies falling from 48% to 39% this year.Other strong super growth performers included Sweden (31%), Ireland (26%), the United Kingdom (23%) and Canada (23%). Greece fell most sharply in the rankings, from 9th to 21st position. Italy, Russia and Turkey jointly share bottom position with 4%.Mainland China, included in the index for the first time this year, came in 14th position with 14% of its companies classified as super growth.Key indicatorsTo count as a super growth company, a firm must have grown “considerably more than the average, measured against key indicators including the number of employees, current turnover, percentage growth in employment in the past year and percentage growth in turnover in the past three years”.Grant Thornton’s International Business Owners Survey, first conducted in 2002, builds on the European Business Survey which Grant Thornton ran from 1993 to 2001.The research was conducted by Experian Business Strategies Limited and Wirthlin Worldwide. In South Africa, research was conducted by Research Surveys among 300 business owners employing between 50 and 250 staff.SouthAfrica.info reporter Want to use this article in your publication or on your website?See: Using SAinfo materiallast_img read more

Child protection ‘is every adult’s duty’

first_img28 May 2013Protecting South Africa’s children is a shared national responsibility, Social Development Minister Bathabile Dlamini said at the launch of National Child Protection Week in Durban on Monday.“Our elders have taught us that it takes a village to raise a child. That is why we say ‘umntwana wakho, ngumntwana wam’ – your child is my child and my child is your child.”This year’s Child Protection Week will focus on sensitising communities and families about children’s rights, including the rights of the children with disabilities.“As we launch this campaign, we recall that many children in our country are growing up without the care of a protective and permanent family,” Dlamini said. “We therefore pledge to work with all South Africans to provide care and support to orphans and vulnerable children.”Ending violence against childrenDlamini called on all South Africans to spread the message that it was time to end violence against children, by reporting cases of child abuse, neglect and exploitation to social workers and police officers, and by wearing a green ribbon to show support for the campaign.“Today we pledge to work to identify more child victims of abuse, neglect and exploitation, and to help and protect them. We will undertake efforts to enhance investigations and prosecute offenders.”The public were urged to brandish whistles and umbrellas in support of Child Protection Week – the whistles to symbolise the sounding of an alarm, the umbrellas to symbolise protection.Addressing the role of the internet in spreading child abuse, Dlamini said: “We commit ourselves to make children aware of online risks, so that they can enjoy their online lives without fear. And we pledge to reduce the availability of online child sexual abuse material.”Dlamini said the government would take proactive action to end the abuse, neglect and exploitation of children. “We pledge our political will and our common and national commitment to protect our children and to reducing the high levels of violence against women and children.”ConferenceFollowing the launch of Child Protection Week, the Orphans, Vulnerable Children and Youth Conference was launched at the International Convention Centre by KwaZulu-Natal Premier Zweli Mkhize.A review on the national action plan for orphans and other children made vulnerable by HIV/Aids since 2006 will be delivered at the conference, and delegates will discuss how South Africa is doing on child protection issues.Would you like to use this article in your publication or on your website? See: Using SAinfo materiallast_img read more