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Onaro Adaeze Chukwuzolem, 15, Triumphs as Winner of UBA Foundation NEC 2023

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L-R: Managing Director/CEO , United Bank for Africa(UBA) Foundation, Mrs Bola Atta; winner, 2023 UBA National Essay Competition and Student of Fountain Heights Secondary School, Adaeze Onaro and  Group Managing Director/CEO, UBA Plc, Mr. Oliver Alawuba during the grand finale of the 2023 UBA National Essay Competition among senior school students in Nigeria at UBA House, Lagos, on Tuesday.
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Onaro Adaeze Chukwuzolem, 15-year-old, student of Fountain Heights Secondary School, Surulere Lagos, has triumphed as the overall winner of the 2023 UBA Foundation National Essay Competition, beating  11 other finalists, in a thrilling finale.

Onaro Adaeze Chukwuzolem, 15, Triumphs as Winner of UBA Foundation NEC 2023

L-R: Managing Director/CEO , United Bank for Africa(UBA) Foundation, Mrs Bola Atta; winner, 2023 UBA National Essay Competition and Student of Fountain Heights Secondary School, Adaeze Onaro and  Group Managing Director/CEO, UBA Plc, Mr. Oliver Alawuba during the grand finale of the 2023 UBA National Essay Competition among senior school students in Nigeria at UBA House, Lagos, on Tuesday.

Her exuberant declaration, “Yes!!! I won!! I did it!!!,” echoed through the Tony Elumelu Amphitheatre in UBA House during the Grand Finale. Adaeze’s victory marked a historic moment as the first of three girls to claim the top prizes in a competition that attracted nearly 12,000 entries from Senior Secondary School students across Nigeria, out of which 12 finalists were initially selected.

Following the second essay written by the 12 selected finalists, Adaeze emerged winner, and secured a prestigious scholarship worth N5 million to pursue her studies in any African university of her choice, along with a modern laptop and other prizes. Her elation and gratitude were evident as she expressed, “This opportunity has changed my life, and I really appreciate the UBA and the UBA Foundation for this.”

The UBA Foundation’s commitment to fostering education and transforming lives was further underscored through constant mentoring that Adaeze will receive throughout her educational journey.

Abdulhameed Khadijah Husna of Sweet Haven High School, Kano State, clinched the second prize -a N3 million educational grant, a laptop, and additional prizes.

Meanwhile, Chukwuma-Okoh Naomi from Queens College, Yaba, Lagos, secured the third prize, which included a N2.5 million grant and a brand-new laptop.

The remaining nine finalists, which included two boys, were not left empty-handed, receiving brand new laptops and consolation prizes.

Oliver Alawuba, group managing director/chief executive officer, UBA Group, emphasized the bank’s unwavering commitment to youth empowerment.

He stated, “UBA is proud to be associated with this event. Annually, we put aside a percentage of our profits to change lives, and we are committed to doing this annually.”

The National Essay Competition has become a pivotal platform for promoting education, literacy, and critical thinking among Nigerian youth, making a positive impact on their lives and society at large,” Alawuba said.

Bola Atta, managing director/CEO of UBA Foundation, commended the winners for their exceptional brilliance and encouraged those who did not secure top positions to view it as a challenge for improvement.

She highlighted the Foundation’s dedication to extending this impactful competition to other African countries, reinforcing its commitment to socio-economic betterment through initiatives in Education, Environment, Economic Empowerment, and Special Projects.

“It is important to note at this point that this same competition is being replicated in some other African countries where UBA operates such as Ghana, Sierra Leone, Guinea, Senegal, Uganda, Cote D’Ivoire. Other countries like Zambia, Gabon, Chad and Benin Republic have plans to conduct the NEC in the first quarter of 2024,” Atta said.

UBA Foundation, the CSR arm of the UBA Group, is committed to the socio-economic betterment of the communities in which the bank operates, focusing on development in the areas of Education, Environment, Economic Empowerment and Special Projects.

 

 


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GSK to Slash Cost of Malaria Jab to Less than $5

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The manufacturers of the world’s first malaria vaccine are set to slash the price by more than half by 2028 to less than$5 per dose.

GSK to Slash Cost of Malaria Jab to Less than $5

The manufacturers of the shot, known as RTS,S, said a phased reduction in cost would begin immediately, with an ultimate aim to reduce the price to less than $5.

The announcement could hardly come at a more critical moment.

Gavi, a major vaccination initiative which funds immunisations in the world’s poorest countries, is facing a major budget crunch.

In Brussels on Wednesday, Gavi’s replenishment event raised $9 billion to fund immunisation programmes over the next five years. While this sounds like a huge sum, it’s significantly less than the $11.9bn the group had been aiming for.

Governments around the world are cutting development spending dramatically.

The UK, for instance, cut its contribution to Gavi by 40 per cent in real terms, telling The Telegraph it was prioritising defence, while the US has pledged nothing at all.

Though America previously gave Gavi roughly $300m a year, the country’s new health secretary claimed without evidence that the organisation was ignoring vaccine safety.

The announcement from the British pharmaceutical giant GSK and Indian drugmaker Bharat Biotech will therefore be a relief to those trying to balance the books.

In a statement the companies said the price reduction demonstrated their “commitment to Gavi”, and was “driven by process improvements, expanded production capacity, cost-effective manufacturing, and minimal profit margins”.

By the time the price has fallen to below $5 per dose, a technology transfer agreement means Bharat will have taken over production, though GSK will continue to supply the adjuvant piece of the shot.

“For us, this is more than a cooperation, it’s a promise,” said Dr Krishna Ella, executive chairman of Bharat Biotech International Limited.

“By joining forces with GSK, and working closely with Gavi, and the WHO [World Health Organization], we are taking a real step toward closing the gap between vaccine supply and the urgent needs of children at risk of malaria.”

Each year, malaria still kills 500,000 people – the vast majority of them children aged five and under in sub-Saharan Africa.

According to WHO estimates, cases and deaths fell significantly between 2000 and 2015, but progress has since stalled.

Some have high hopes that RTS,S, as well as another vaccine called R21 developed by Oxford University, could prove critical in efforts to turn the tide.

In clinical trials, RTS,S reduced hospitalisations for severe malaria by 30 per cent.

But critics say the shot is too expensive and not as effective as existing tools, such as bed nets and antimalarials.

The reduction in price will bring it more in line with the cost of R21, which is priced at around $4 per dose.

Yet the cost will still add up, as both jabs require multiple shots. For RTS,S, this means four doses – the first three doses are given monthly, starting around five months of age, while the fourth dose is administered 15-18 months later.

Both jabs “provide reasonable short term efficacy – over about a year – so are a useful addition to other measures,” said Professor Nick White, a professor at the Mahidol-Oxford Tropical Medicine Research Unit who specialises in malaria.

“In the past GSK had limited production capacity – one of the reasons the R21 was developed. So reducing the price will be good and the two comparable vaccines can fight it out in the market place.”

A spokesperson for Gavi said the alliance’s goal is to “create sustainable demand backed by predictable financing so that companies – like GSK and Bharat – can continue investing in technology transfer and other efficiencies that bring down costs, thus making critical vaccines more available and affordable.

GSK’s decision to lower its prices, the spokesperson added, is “an important step for the global malaria vaccination programme, and our ability to make this lifesaving tool more widely available to those who need it the most”.

Gavi plans to help fund RTS,S in 12 African countries by the end of this year.

Previously, GSK has said it will supply up to 18 million vaccine doses between 2023 and the end of this year.

The company plans to supply 15 million doses annually from 2026-2028, a spokesperson told Reuters.


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Rack Centre Signs Collocation Deal with TelCables Nigeria

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Rack Centre, West Africa’s Tier III carrier- and cloud-neutral data centre, has struck a collocation agreement with TelCables Nigeria, an Angola Cables subsidiary.

TelCables Nigeria is delivering its high-capacity network and cloud infrastructure, as well as four international subsea cable systems (SACS, MONET, SEBRAS, and EllaLink), directly into Rack Centre’s regional carrier ecosystem as part of the agreement.

According to Angola Cables, the move provides reliable, low-latency south-bound routes to Europe, the Americas, and Latin America, reducing the danger of future cable disruptions along West Africa’s coast and enabling next-generation cloud services across the continent.

“Our unique Africa – to – Latin America route via SACS, combined with MONET, SEBRAS and EllaLink, gives customers the lowest – latency paths to the Americas and Europe,” said Fernando Fernandes, CEO of TelCables Nigeria.

“Businesses in latency sensitive sectors: financial services, content delivery and real-time communications will experience faster transactions, reduced lag and an enhanced user experience.

“By hosting at Rack Centre we also localise Clouds2Africa resources, price them in naira, and remove expensive ingress/egress charges or FX exposure.”

Rack Centre said its 13.5MW data centre campus designed with its recently launched LGS2 facility that delivers a design PUE of 1.35 and powered from sustainable energy sources, already hosts 70+ carriers, ISPs and network operators.

Lars Johannisson, CEO of Rack Centre, commented: “Adding a global operator of Angola Cables’ calibre through TelCables Nigeria dramatically deepens our connectivity fabric.

“We can now offer 99.95 % SLA routes to more destinations, enabling enterprises, governments and cloud providers to meet performance and data-residency requirements while keeping traffic local.”

 


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Lagos Plastic Ban: MAN Warns of Job Losses, Closure of Businesses

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Manufacturers Association of Nigeria (MAN) has expressed concerns over the impending ban on Single-Use Plastics (SUPs) by the Lagos State Ministry of Environment.

Lagos Plastic Ban:  MAN Warns of Job Losses, Closure of Businesses

It warned that it could lead to job losses and  and lead to economic, operational, and social consequences for manufacturers, traders, recyclers, and end users.

Segun Ajayi-Kadir, director general, MAN, in a statement called on the Lagos State government to reconsider the ban, citing a lack of credible data and stakeholder engagement.

According to Ajayi-Kadir, a recent study revealed that 100% of manufacturers surveyed expressed fears of job losses and workforce restructuring if the ban is implemented.

He said, “A recent MAN-supported study evaluating the possible impacts of the Lagos State SUPs ban revealed significant adverse economic, operational, and social implications across the value chain, from manufacturers to wholesalers, traders, and end users. It has been noted that only poor and developing countries often tilt towards plastic ban as a strategy to combat environmental problems.

“A hundred percent of the manufacturers consulted expressed concern over a ban-induced workforce restructuring. Thus, several jobs will be lost in the industry if this ban were to be implemented.

“It is noteworthy to mention that there is no form of arrangement for social protection for the employees who will lose their livelihoods as a result of this ban.

“Also, there has been no form of social dialogue on the part of the government with these workers or the industry on the potential job losses.”

According to him, findings showed that 89% of operators in the plastic value chain rely on SUPs as their primary source of income with no alternative source of livelihoods, over 75% of end users, including SMEs, depend on plastic packaging with no affordable or practical alternatives, and  93% of dealers, many of whom are women, reported no prior information or social support mechanisms to cushion the impact.

Ajayi-Kadir emphasised that banning SUPs would not resolve pollution issues but merely substitute one problem for another, especially without scalable alternatives or infrastructure to support the transition.

He urged the government to focus on improving waste management infrastructure and promoting recycling, rather than imposing bans.

 

 


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