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Paul Kagame to Join Tony Elumelu in Hosting the Largest Gathering of African Entrepreneurs in July in Abuja

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The Tony Elumelu Foundation (TEF), Africa’s foremost champion of entrepreneurship, will host its 5th Annual Forum — the largest annual gathering of African entrepreneurs – on July 26 – 27, 2019. The two-day event will take place at the iconic Transcorp Hilton Hotel, Abuja.

The Forum is the culmination of the annual Tony Elumelu Foundation Entrepreneurship Programme, which this year mentored, trained and seeded over 3,000 young Africans, selected from over [216,000] applicants.  The event provides a unique opportunity for young women and men, from all 54 African countries, to meet, learn and network with the broader African and global entrepreneurship ecosystem. It is also a critical opportunity for political leaders and policymakers to meet, face to face, a new generation of African business leaders, who are transforming Africa’s economic trajectory.

Keynote speakers at the highly anticipated Forum include His Excellency Paul Kagame, President of Rwanda, and His Excellency Macky Sall, President of Senegal, who will join Tony O. Elumelu, CON, TEF Founder and Chairman of Heirs Holdings and the United Bank for Africa (UBA) in an intimate open house discussion. The Presidential Convening is a highlight of the Forum,  allowing the African entrepreneurs in attendance to closely engage with political leaders, to give first-hand testimony of the important role government can play in catalysing growth and encouraging business ambition.

The Forum agenda includes masterclasses and panel discussions with leading speakers and sector experts, from Africa and globally, who will engage attendees in specialised training sessions to share insights, deepen their knowledge and refine their skills. The Forum will also feature a pitching event, where select entrepreneurs will deliver exciting presentations on the goods and services they provide to a distinguished judging panel.

For the first time, the Forum will be hosted in Abuja, the Federal Capital of Nigeria and will bring together leading policymakers, business leaders, development agencies and the entire entrepreneurship ecosystem including alumni of the Foundation’s Entrepreneurship Programme. Last year, a significant highlight was the launch of TEFConnect, the digital networking platform for African entrepreneurs, which provides a unique digital hub for the African entrepreneurship, facilitating networking, mentorship and most importantly business beyond borders. Previous Forums have been headlined by African leaders, including President of Ghana, HE Nana Akufo-Addo, President of Kenya, HE Uhuru Kenyatta, Former President of Nigeria, HE Olusegun Obasanjo, Former Prime Minister of Benin and TEF Advisory Board Member, HE Lionel Zinsou, Vice President of Nigeria, HE Prof. Yemi Osinbajo.

The Tony Elumelu Foundation’s determination to bring change in scale, across Africa and its relentless focus on entrepreneurship is rooted in the inclusive philosophy of Africapitalism, created by its Founder, which recognizes economically empowering Africa’s youth — the continent’s future wealth creators — and thereby creating sustainable economic and social wealth, as one of the most pressing issues of the 21st century. In 2015, the Foundation committed $100 million to empower 10,000 entrepreneurs from across the continent, over 10 years. Now in the 5th year, the Foundation has funded, mentored and provided business management training to over 7,500 start-ups and small businesses, from all 54 countries in Africa.

“The TEF Entrepreneurship Forum will not just convene the most important stakeholders in the African entrepreneurship ecosystem, it provides an opportunity for everyone to make a commitment to advance entrepreneurship and scale the impact of our entrepreneurs if we are to accelerate the development of the continent,” TEF CEO, Ifeyinwa Ugochukwu said.

She added: “We are constantly inspired by the stories we receive from our entrepreneurs who are creating jobs, employing people and impacting their local communities and ultimately, the continent. We believe that these entrepreneurs are our future. Invest in them now and reap the Africa of our dreams tomorrow. This is what we are committed to.”

For more information on the Forum, please visit www.tonyelumelufoundation.org.

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Cardinal Jailed for 6 Years Over Child Sex Abuse

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Chief Judge Peter Kidd on Wednesday sentenced Cardinal George Pell, a senior Vatican official to a 6-year jail term with a non-parole period of three years and eight months.

He was found guilty of one count of sexual penetration of a child and four counts of committing an indecent act with a child last December after a secret five-week trial.

While sentencing him, the judge said the cleric had committed “a brazen and forcible sexual attack on the two victims”. “Your conduct was permeated by staggering arrogance.” The judge said.

Pell was prosecuted for abusing 13-year-old choir boys following a mass in St Patrick’s Cathedral in 1996 in Melbourne, Australia where he was serving as an archbishop.

The prosecutors told the court that after telling him they were in trouble for drinking communion wine, Pell forced each boy into indecent acts. He abused one of the boys again in 1997.

“Pell, 77, showed no reaction when his sentence was handed in a hearing broadcast live worldwide on Wednesday from Victoria’s County Court in central Melbourne.” CNN reported on their news site.

George Pell is the most senior Catholic ever to be convicted of sexual abuse.

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Boeing 737 MAX 8 Crafts Suspended After Crash of The Ethiopian Aircraft

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The China Aviation Regulator this morning gave a direct order for the Chinese airlines to suspend the operations of their Boeing Co 737 MAX aircraft following the tragic clash on one of the plane in Ethiopia that killed 157 people. The craft that crashed was the second edition of its kind that first started operating in 2017. In October 2018, another craft 737 MAX 8 crashed 13 minutes after take-off killing 189 passengers and crew members on board.

The Civil Aviation Administration of China (CAAC) gave a statement and said they will give a notification as to when the airlines can resume their flights and jets, and this will be done after they have contacted Boeing and the U.S. Federal Aviation Administration (FAA) to ensure flight safety. “Given that two accidents both involved newly delivered Boeing 737-8 planes and happened during take-off phase, they have some degree of similarity,” the CAAC said, adding that the order was in line with its principle of zero-tolerance on safety hazards. The 737 MAX 8 is sometimes referred to as the 737-8.

Bearing in mind that the cause of the Indonesian crash is still being investigated with some preliminary reports issue in November not giving concrete results except the fact that there was a cockpit voice recorder that was recovered and that the problem might have been with maintenance and training response of Boeing anti-stall system to a recently replaced sensor.

A spokesman of Boeing withheld his comments and the U.S official told Reuters that they were uncertain what information China used to call the action they did. The official, who requested to remain anonymous told Reuters that there were no plans to follow suit given that the 737 MAX had a stellar safety record in the United States and there was a lack of information about the cause of the Ethiopian crash.

Sources from the Western industry say that China has been struggling over the years to assert its ability to independently be a safety regulator and at the same time negotiate mutual safety standard recognition wit regulators in the United States and Europe.

FlightRadar24 a flight tracking website have reported that there were no Boeing 737 MAX 8 crafts flying over China from 0043 GMT on Monday and that 15 crafts landed on Sunday evening with an exception of two that touched down on Monday morning from international destinations.

The Cayman Airways has decided to withdraw the availability of its 737 MAX 8 planes until they have more information about them. Fiji Airways also on the other hand say they have full confidence in its newly obtained 737 MAX 8 and this is after they took initiative to conduct a comprehensive and elaborate induction process. “We continue to ensure that our maintenance and training program for pilots and engineers meets the highest safety standards,” the airline said. Singapore and Indonesia Airlines  continue to fly their crafts but have said they shall put a keen eye on the situation.

 

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