Foreign

World Bank says forest fires cost Indonesia $5.2bn 

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World Bank on Wednesday said in a report that forest fires that ravaged parts of Indonesia in 2019 cost the country 5.2 billion dollars.


The World Bank said that the total damage and economic losses as a result of the worst forest fires since 2015 were equal to about 0.5 per cent of Indonesia’s gross domestic product.

It said that the economic loss could cut growth in 2019 and 2020 by 0.09 and 0.05 per cent.

The report said that more than 620,000 hectares of forest, an area nine times the size of the capital Jakarta, burned between January and September in eight provinces, mainly on Sumatra and Borneo islands.

It added that more than 900,000 people had reported respiratory health diseases, 12 national airports had halted operations, and hundreds of schools in Indonesia, Malaysia, and Singapore had to temporarily closed.

The World Bank said “Fires are considered the cheapest option among all methods to prepare lands for cultivation, or to claim lands in areas with disputes, where land ownership is uncertain and where enforcement is weak.’’

The bank said about 44 per cent of the areas burned in 2019 was located in peatlands, where fires are harder to suppress once started and release thick haze and carbon emissions into the atmosphere.

The carbon emissions from 2019 blazes in Indonesia are estimated to be almost double the emissions from the fires in the Brazilian Amazon.

Forest fires are an annual hazard in Indonesia, and the resulting haze often affects neighbouring Singapore, Malaysia, and Thailand, driving air pollution to hazardous levels.

Edited by: Hadiza Mohammed/Emmanuel Yashim
(NAN)
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Science & Technology

Facebook Launches “My Digital World” to meet literacy needs in Africa

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Facebook says it has  launched  “My Digital World”, a programme designed to equip the youth and general public across Sub-Saharan Africa, including Nigeria with skills needed to navigate the digital world.


Facebook made the disclosure in a statement on Monday.

It said that “My Digital World” was a consolidation of all Facebook digital literacy programs including Safe Online with Facebook, Ilizwe Lam, and eZibo which would all be offered virtually this year to adapt to the COVID-19 pandemic.

The company said over the years, it had trained thousands of people on digital literacy skills.

It noted that this year it was prepared to train close to 20,000 participants across Nigeria, South Africa, Kenya, Zambia, Senegal, Cote d’Ivoire and Ethiopia on safe, responsible and beneficial usage of the digital platforms.

Commenting, Phil Oduor, Policy Programs Manager for Economic Impact and Digital Literacy, Facebook said: “We remain committed to equipping young people and the general public across Sub-Saharan Africa with the vital digital skills needed to navigate the digital world, especially during these pandemic.

 

Oduor said it had never been more important to invest and train communities, the next generation of leaders to better understand and utilise the power of digital tools to take full advantage of what the internet had to offer.

 

“The training is free and open to youths aged 13 years and above, and will also focus on teachers, parents and guardians.

 

“The sessions commence from today June 15 with the programme including up to 90-minutes Instructor-led live webinars featuring presentations, demos and virtual discussions.

 

“Also they will have access to digital marketing campaigns highlighting best practices, tips, quizzes and polls on digital literacy topics, with content delivered through Facebook and Instagram.

 

“Modules on online safety, privacy, news and media literacy, and digital citizenship citizenship would also be made available.

 

“Facebook is committed to the well-being of individuals and communities visiting its platforms, “Oduor said.

 

He said Facebook also invested in this initiative to build awareness on responsible online behaviour, critical thinking and understanding of social issues.

 

Oduor said Facebook had also instituted policies, tools, resources, partnerships, and programmes to help enable safe, responsible, and beneficial use of its platforms.

 

Edited By: Ekemini Ladejobi (NAN) 

https://nnn.ng/facebook-launches-my-digital-world-to-meet-literacy-needs-in-africa/
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Foreign

Israel observes World Blood Donor Day

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Israeli volunteers donate blood in central Israeli city of Modiin, on June 14, 2020, the World Blood Donor Day. (Photo by Gil Cohen Magen/Xinhua)


(XINHUA)

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Economy

FBN Holdings wins World Finance best corporate governance award

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FBN Holdings (FBNH) Plc, has won the 2020 Best Corporate Governance in Nigeria Award put in place by the World Finance.


Mr Urum Kalu Eke, FBNH Group Managing Director, made this known in a statement on Sunday in Lagos.

World Finance is renowned for its comprehensive coverage and analysis of the global financial services industry, international business, and the global economy.

Eke said: “FBN Holdings is winning this award for the second consecutive year on the back of its strong corporate governance practices and outstanding leadership in the Nigerian financial services industry.

“Winning the award in quick succession is a demonstration of not only the strength of our corporate governance practices but also its resilience.

“As a holding company, we emphasise the highest standards in corporate governance across all operating entities in our quest to deliver value to our numerous stakeholders.”

World Finance has been celebrating corporate achievements in the areas of corporate governance, innovation, and market leadership in the financial services sector across all the regions of the World in the past 13 years.

FBN Holdings is the non-operating financial holding company of one of the largest banking and financial services organisations in Africa.

It is a diversified financial services group that offers a broad range of products and services, including commercial banking, merchant banking and asset management and insurance to millions of customers.

It oversees business groups that collaborate to deliver innovative financial solutions.

The bank and the non-bank subsidiaries of the holding company operate in Nigeria, as well as through overseas branches, subsidiaries and representative offices across the world.

Edited By: Oluwole Sogunle (NAN)

https://nnn.ng/fbn-holdings-wins-world-finance-best-corporate-governance-award/
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Foreign

Cricket Namibia ramp up T20 World Cup prep amid COVID-19

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Ahead of the T20 World Cup, Cricket Namibia has introduced strict social distancing measures for players to keep them in shape without compromising COVID-19 health regulations.


Cricket Namibia’s Chief Executive Johan Muller said the organization is also intensifying its drive to build interest in the sport, after getting an opportunity to play One Day Internationals.

Muller told stakeholders in Windhoek of the organization’s plan to stay active amid COVID-19, as well as popularizing the sport in the southwest African country.

“Obviously there are financial challenges that we are facing and COVID-19 has not made it easy. We are, however, well ahead with our World Cup preparations, and we are also driving a nationwide program to get the sport played in schools,” he said.

Muller said emphasis is being made on making sure that cricket – a largely minority sport in Namibia – is played across all demographics, using the country’s participation as a yardstick to create interest in the sport.

He added that the organization is benchmarking its development plan with neighboring South Africa to ensure they attain the highest standards.

“We have a few umpires recognized by the International Cricket Council but we obviously need to continue training these so we have a new generation of umpires coming to the fore,” he said.

(XINHUA)

https://nnn.ng/cricket-namibia-ramp-up-t20-world-cup-prep-amid-covid-19/
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