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How Absa Group Is Using Tech to Drive Growth in Africa’s Agriculture Marketplace

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Tshepo Maeko, Vice President & Head of Agri-Sales, Absa Regional Operations

There are few things more traditional and widespread than agriculture in Africa. While the continent holds around 60% of the world’s uncultivated arable land, Africa remains a substantial net importer of food and has a growing population to feed. Projections are that, by 2050, Africa will have almost doubled its population to two billion, and it is a given that agriculture will play a central role in sustaining and feeding its people.

 

Agriculture employs close to 50% of the working labour force on the continent, and in sub-Saharan Africa, the sector contributes 23% of GDP. So, why then is agriculture production and the attendant food security so precarious on a continent where farming is such a key feature of life and livelihoods? The one core systemic challenge of agriculture is one of financing the agri-ecosystem.

 

According to Shalom Ben-Or, Chief Executive Officer of AvenewsGT, developers of an Agri App in partnership with Absa Bank, there is a need to increase finance to the sector. “Despite the size and contribution of the African agriculture sector, financial institutions such as banks contribute only between 2-7% of all lending to agri-businesses.”

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This leads to an annual financing gap of USD 180 billion to the agriculture supply chain in Africa. This state of affairs also plays out in the global picture, as emerging markets require $450 billion annually, but receive only $9 billion in financing from financial institutions, leaving a yawning gap.

 

Tshepo Maeko, Vice President and Head of Agri-Sales: Absa Regional Operations, believes Africa needs to step up its game. Africa relies on more than USD 47 billion worth of food imports to supplement its own food supply, Maeko said.

 

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The lack of consistent financing and support leads to inconsistent productivity and most African agri players will remain small-scale as they can only access small and medium enterprise funding and will never become commercial farmers, according to Maeko. Now Absa is hoping to help change the landscape of agriculture in Africa and create sustainable and impactful agri-businesses.

 

During a recent webinar hosted by Absa, participants, including Ben-Or and Maeko, spoke of the challenges the sector faces on the continent, but also of the digital solutions, which could help unlock the immense potential contained in Africa’s fertile soil.

 

One of areas cited as a large stumbling block is the hassle of paperwork; something no farmer has time to deal with when it’s the season to harvest.

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The Avenews App allows for the digitisation of all trade documents such as purchase orders, contracts, inventory, invoices, payments, and business contacts, all in real-time. It also allows finance institutions such as Absa to provide tailored financing solutions based on reliable and accurate data.

 

According to Maeko, Absa is looking to deploy technology that will help Absa collect data, process information, and make informed decisions, which will help Africa fulfil its agriculture potential.

 

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Ben-Or said the inability to increase yields for African farmers came down to trade engagements all along the agriculture value chain between farmers, buyers, and sellers, all of which were still conducted manually and, in some cases, via handwritten invoices.

 

If the farming entity approached a financing institution with this documentation wanting it validated, the banker will not be able to do so. The informal and poorly documented nature of agri-trade is one of the primary reasons banks struggle to provide capital, Ben-Or said.

 

Absa and AvenewsGT have worked together since 2017, with AvenewsGT being part of the Bank’s tech incubator programme, and have launched the digital innovation product in Kenya, with further plans to roll out in Ghana, South Africa, Uganda and Zambia and the other markets in which Absa has a presence. Ben-Or said the Agri finance innovation platform had already seen great results in Kenya and was easily adaptable to unique market situations and factors.

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AvenewsGT, in collaboration with Absa, has created a digital infrastructure that allows for the exchange of documents and information governing the flow of goods and capital and making payments. This created business identities for each of the participants within the supply chain, all the way from the farmers to the large agri-businesses. These digital identities evolve over time and earn creditworthiness.

 

The Avenews App can be used on any feature-rich cellular device and includes mobile payment processes, allowing farmers to become digital businessmen and women with the ability to earn a creditworthiness identity, as well as access suitable financing services from supportive lending institutions such as Absa.

 

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As a digital first bank and with a deep commitment to agriculture enterprise on the continent, Absa is determined to lead the way towards Africa realising the immense growth potential in the sector.

 

By Tshepo Maeko, Vice President & Head of Agri-Sales, Absa Regional Operations

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People & Lifestyle

Richard Strauss-Ashiaby, the Best-Graduating Student from UniMAC-IJ, Gets the Hollard Prize

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Richard Strauss-Ashiaby

Hollard Ghana, the country’s favourite insurer, has honoured Richard Della Strauss-Ashiaby, the valedictorian from the University of Media, Arts and Communication-IJ (UniMAC-IJ), with the Hollard Prize during the 2nd Congregation held in Accra.

To commemorate this remarkable achievement, Roswitha Adjoa Amoako, Head of Group Business at Hollard Life, presented Richard with the Hollard Prize, including a laptop, a citation, and a cash prize during the ceremony.

Speaking after the event, Cynthia Ofori-Dwumfuo, Group Head of Marketing and Corporate Affairs, commended Richard on his notable feat.

“We are thrilled to join in celebrating Richard Della Strauss-Ashiaby on his well-deserved award as the overall best-graduating student from the University of Media, Arts and Communications-IJ. At Hollard, we believe in the power of education to transform lives and shape the future. By supporting talented individuals like Richard, we are investing in the next generation of leaders who will drive positive change in our society, thus enabling better futures”, she stated.

Commenting on the award, the recipient, Richard, expressed his deep gratitude, saying, “I am truly humbled about this award, not only for the just-ended ceremony but also for the long-term partnership between Hollard and UNIMAC-IJ. I hope this award will inspire students to strive for excellence and positively impact their fields. Thank you, Hollard Ghana, for this incredible opportunity”.

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Since its inception in 2022, the Hollard X Academia program has significantly improved the lives of numerous students and fostered a culture of excellence and innovation. This comprehensive initiative, which includes the Hollard Prize, Scholar Programme, Streetwise Finance engagement sessions, and Corporate Experience, is a testament to our commitment to investing in the next generation of leaders. 

Anatasia Nana Aba Acquah, Gwendy Tetteh, Joshua Seidu Adams, and Sandra Kumah are some of the past beneficiaries of the Hollard Prize since its inception.

The country’s favourite insurance group is Hollard Ghana, with subsidiaries Hollard Insurance and Hollard Life Assurance. The group combines its deep local knowledge of the market, having previously operated in Ghana for 25 years as Metropolitan Insurance, with the world-class expertise of an international insurance brand in 18 countries worldwide. With feet firmly planted on Ghanaian soil but headquartered in South Africa, Hollard delivers innovative insurance solutions customised to the unique risks Ghanaians face. Hollard offers various life and general insurance products, including funeral, personal accident, motor, business, travel, home, and more, and can be reached via 0307000599. Beyond various nationwide office branches and Hollard 2U franchise shops, Ghanaians can find Hollard at Shell Fuel Station Welcome Shops, Melcom stores and online at www.hollard.com.gh, www.melcom.com/hollard-insurance and www.jumia.com.gh for all their insurance needs.

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Tech Talent Wars: Strategies to Retain Top Employees in a Hybrid World

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The hybrid work model, a blend of in-office and remote working, has reshaped how businesses operate and compete for top tech talent.

As technology companies embrace this approach, they’re also facing intense challenges in retaining skilled employees. The rise of remote work has broadened the competitive landscape, and companies must adapt their retention strategies to secure the best talent. This article explores how tech companies can retain top employees in a hybrid world, focusing on the challenges to hire Solana developers and the role of the best recruitment agencies in Perth.

The Hybrid Work Environment and Tech Talent Retention Challenges

A hybrid work model offers flexibility, but it also introduces new challenges:

  • Remote Burnout: Blurring lines between work and home can lead to overwork, fatigue, and eventual burnout, making employees feel disconnected.
  • Lack of Engagement: Reduced face-to-face interaction can cause disengagement, diminishing collaboration and morale.
  • Increased Competition: Hybrid work allows companies worldwide to recruit across borders, intensifying competition for specialized talent.
  • Strategies to Retain Top Tech Employees in a Hybrid World

To overcome these challenges, businesses can implement specific strategies to retain their tech workforce:

  • Flexible Work Policies: Allow employees to choose when and where they work best, providing them with the autonomy they value.
  • Career Growth Opportunities: Establish clear career paths and offer training programs that align with individual goals, helping employees visualize their future with the company.
  • Recognition and Rewards: Create recognition programs to celebrate achievements and offer tangible rewards for exceptional performance, whether through bonuses or additional leave.
  • Fostering Connection: Organize virtual team-building activities and maintain regular check-ins to nurture a sense of connection despite the physical distance.
  • Inclusive Culture: Embrace diversity and implement policies that prioritize employee well-being to foster a supportive environment.

Hiring Solana Developers: A Niche Challenge

Blockchain technology, particularly the Solana platform, is experiencing rapid growth, making the search to hire Solana developers competitive. Retaining these specialists requires a thoughtful approach:

  • Training and Upskilling Opportunities: Offer opportunities for continuous learning and skill enhancement to keep Solana developers at the forefront of their field.
  • Innovative Projects: Provide challenging and creative projects that push developers’ boundaries and satisfy their desire for meaningful work.
  • Community and Collaboration: Encourage collaboration and create opportunities to share knowledge and insights within a supportive developer community.

Best Recruitment Agencies in Perth and Their Role in Retaining Talent

Perth has become a competitive tech market, and the best recruitment agencies in Perth are pivotal in helping businesses find and keep top talent:

  • Deep Market Knowledge: They provide insights into local market trends, emerging skills, and salary expectations.
  • Networking and Candidate Relationships: Agencies build strong relationships with candidates to understand their goals and find roles aligned with their career aspirations.
  • Consulting Services: They guide companies on best practices for onboarding, engagement, and retention, offering strategies tailored to each company’s specific needs.
  • Final Tips and Recommendations for Retaining Top Tech Talent

To ensure businesses retain their tech talent in a hybrid work world:

  • Prioritize Communication: Keep communication lines open between leadership and employees, ensuring clarity about goals and expectations.
  • Continuous Feedback: Conduct regular surveys to gather employee feedback and address concerns promptly.
  • Employer Branding: Promote a strong employer brand that emphasizes company values, growth opportunities, and a supportive culture.

Conclusion

In today’s competitive hybrid work environment, retaining top tech talent is critical. This requires businesses to tailor their retention strategies to address remote work challenges and specialized roles like Solana developers. Companies can rely on local recruitment agencies, such as the best recruitment agencies in Perth, to find and retain the talent needed to succeed. Proactive communication, career growth, and a supportive culture will help businesses adapt and win the tech talent wars.

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Don’t Take Any Risk – Protect Your Car During Break-ins!

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thief stealing car

With the crime rate rising daily, you must exercise caution and learn how to protect your car from burglars. It has been reported that more than 810,000 vehicles were stolen in 2023, which is a high number.

So, if you do not want to face a similar situation or become a victim of car theft, follow the simple steps we discuss.

1. Keep the doors and windows of the car locked

This is one of the simplest yet effective tricks to protect a car from theft—you must always lock the door and windows, even when you are not using the vehicle. Open windows attract thieves, who can easily access the car. A locksmith Portland Oregon, can customize locks for car windows.

2. Have access to the keys

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Always be careful when you have a car. Never leave the keys lying around, and always be cautious to avoid losing them. Always keep spare keys so you are kept in the car when you lose one. Be mindful of not storing the car key inside or outside the vehicle, as it makes it easier for thieves to steal it.

3. Choose a secure car parking

You must be careful when choosing secured car parking. Do more than park it anywhere. It can be dangerous. To ensure complete safety, park the car where it does not have public access, and you can invest in building your garage or renting a garage. When parking outside, you must select a well-lit space, never choose a remote area, and choose a spot with CCTV camera access or any other security device.

4. Never keep valuables inside the car

If you keep valuables in the car, thieves can be tempted to break into or steal them. Valuables, including your purse, any expensive buy, or luggage, are easily visible in the vehicles. Even grocery bags can be enough to attract burglars, as they signal that there are more items inside the car. You can use a cargo cover based on your vehicle’s model.

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5. Activate the car alarm

Most advanced cars have a built-in alarm system that triggers when anybody tries to open the car door. You must activate this alarm whenever you leave the car in the parking lot or garage. With just one intruding attempt to open the car, the alarm activates with a loud noise, which deters the thief. However, if your vehicle lacks one such alarm, you can buy a car alarm from the market and install it to keep it safe. These alarms are available in multiple options, allowing you to choose from various models and prices.

Summing it up

If you live in a safe location, then simple steps are enough; however, to maintain extra protection, install a few devices to prevent thieves, such as a vehicle immobilizer and steering wheel lock to discourage thieves. You can get help from a professional locksmith Gresham Oregon, to protect your car without any inconvenience. Find out who the leading professionals are and keep their contact details on your phone.

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The Psychological Impact of Colors and Graphics on Online Gambling Behavior

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online gambling

If you are familiar with casinos, you already know how colorful they are. The physical ones are filled with bright buttons, colorful chips, and neon lights. Their online counterparts are no exceptions.

Online gaming and casino apps and sites have kept up with the trend, and you can see that in any such platform. Like just try the Betway Zambia login, and you will see what I am talking about. Today, we will take a vibrant ride learning how the colors and graphics can impact the games and gaming behaviors.

  1. How Colors and Graphics Impact Psychotically Impact the Online Gambling Behaviors of the Users

The web design behind online casinos depends on various factors that can psychologically affect gamers. This includes colors, sounds effects and music, bonuses and rewards, and even user interface. 

Now, let’s look at the role of colors and how various shades can impact the user’s psychology.

1.1) The Classic Red and Green

The bright reds and greens are undoubtedly the first shades that come to your mind when you hear the word ‘casino.’ Primarily associated with cards, pools, and roulettes, these hues give players the casino vibes.

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While red is linked with risk-taking, the greens are related to money and winnings. Both attract the players and make them excited for the games.

1.2) Happy Yellow and Orange

The happy shade of yellow boosts your dopamine, while orange demands attention. Combining them reminds us of the buzzing environment of casinos and the excitement of playing the games and placing bets. This makes the players more eager and excited to play.

1.3) Black and Gold for the Royalties

The classy black and shiny gold background symbolizes special features and quality. These are particularly hit among the rich and loyal VIP customers and reward them with luxury gifts and rewards.

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1.4) A Touch of Blue for Trust

Finally, safe and trusted online casinos try to encourage faith and trust in users by using calm shades of blue. 

Especially for the navigational keys, the cool hues make you feel that each click is safe. It promotes the most crucial element of building successful user relations – trust.

  1. The Role of Graphics 

Along with the rainbow of shades, visual graphics also enhance the gaming experience to a vast extent. These can be done with:

  • Signs, symbols, and icons
  • Animations 
  • Dynamic visuals

The flashing icons, spinning reels, and entertaining animations make games enjoyable.

However, you must remember that the best application of colors and graphics is with moderation and subtlety. The key is to find the balance. The graphics should excite the gamers but never overwhelm them. So, it has to be done correctly and with much care. That way, the gaming experience can become much more than slots, spins, and wins – it transforms into a real adventure!

The design behind online casinos and other gaming sites is an intricate combination of complex psychology, advancing tech, and unique creativity. 

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With the continuous evolution of technology and ingenious creative trends, it is equally important to focus on the psychology of gaming and how graphics can affect it. Along with cool sound effects, easy navigation, and attractive rewards, the proper application of colors and graphics can positively impact the gaming behaviors of the users.

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Met Gala 2024: See fashion highlights and best looks

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The Met Gala’s red carpet never fails to deliver unforgettable moments in celebrity fashion, and this year’s event in New York City, themed “Sleeping Beauties: Reawakening Fashion,” was no exception. (more…)

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Social Trends: Elite Prom Night: Ugandan High Schoolers Arrive in Choppers & Supercars

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elite high school prom

Entebbe, Uganda – Elite High School’s prom night showcased opulence as students arrived in helicopters, Tesla cars, Mercedes-Benz, and Lamborghini, sparking social media buzz and discussions on the source of such wealth in a developing country.

Elite High School typically attracts attention from a wide range of people due to their extravagant Prom parties. The 2024 Prom party followed suit and garnered attention from government officials. On May 4th, a Saturday, students were eager to attend their Prom, which occurs before candidates start their final exams.

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Most students arrived dressed in their best attire, while some even hired luxurious cars. One student arrived in a helicopter with his date. After getting out of the helicopter, they were escorted into a luxurious car that transported them to the Prom venue.

According to an interview with our presenters, Pam Malaika, and MC Ollo, sources revealed that the helicopter was hired from Bar Aviation at $1200 (approximately Ugandan Shillings 4.5 million), while the car, a V8 2022 Model, was hired for 6 hours at 3 million Ugandan Shillings.

Minister John Muyingo, however, expressed dissatisfaction with the Prom trends, stating, “Are these things happening in Uganda? Where are we going? Money is a scarce resource; it shouldn’t be given out and spent like that.

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