An African school offering vital free education to nearly 2,000 underprivileged pupils has issued a sponsorship plea to the UAE - to ensure 27 youngsters get the chance of a brighter future.
The School of St Jude, in Tanzania, offers all-important support to more than 1,800 bright pupils who would may have otherwise see their access to quality education blocked by a lack of cash.
The free private school has three branches in the East African nation and benefits from global goodwill to fund its endeavours - much of which comes from right here in the UAE.
The school was set up by Australian humanitarian Gemma Sisia, who landed in Africa to do volunteer work for a year back in 1993 at the age of 22, only to end up setting up home in the continent with a mission to bring fresh hope to the next generation.
Ms Sisia started The School of St Jude in 2002 with a class of just three children, and today the school has over 1,800 pupils.
This year’s intake includes 33 Muslim pupils, 27 of whom remain unsponsored. The school is calling for sponsors in the UAE to come forward and ensure that the 14 girls and 13 boys requiring are able to continue their education. The school already has a few sponsors from Dubai and is hoping the nation's generosity will spread a little further.
Coming from a big family with seven brothers and growing up on a sheep farm, Gemma’s parents instilled in her the belief that education is the most important thing for children.
“My mother bought one dress every decade because school fees were the priority. After finishing university, I wanted to work in Africa to give back because I had a blessed childhood,” said, Ms Sisia.
In Africa, she was working at a private school for wealthy parents. "I thought to myself why are private schools all over the world so expensive?"
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"I told my family that I was going to build a free private school in Africa. I started with nothing now we have about 1,800 pupils all enjoying a free education,” she said.
The School of St Jude will be opening a girl's secondary school next year which will provide for 600 pupils.
The UAE’s involvement in the School of St Jude has grown organically, said the humanitarian.
"We got a visitor and sponsor who was from Dubai and they asked me to stop in Dubai and make a few presentations. We found that some of the donors in UAE went back home and the word spread,” said, Ms Sisia.
"With the new girl's school, we are hoping to get sponsors from UAE. It's very kind of them to sacrifice a little bit of what they have for people,” said Ms Sisia.
People can also help by spreading the word on social media and by visiting the school.
A child has to be bright but under a certain poverty level to attend The School of St Jude.
"If your family has electricity or have in-house plumbing or more than two rooms in your home, you are too wealthy to attend school here. We are looking for families living in mud houses,” she added.
The school sends teams to investigate the children's homes to ensure they fall under the poverty line.
Children start around seven and graduate from school when they are 20. After leaving school, they have to do a year of service where they teach at government schools, and after that attend university.
"The biggest challenge is finding someone willing to sponsor a child, " she said.
Bonds develop between the sponsors and the children and at a recent graduation, many of the sponsors flew to Tanzania just to see their sponsored child graduate.
Bernadette King-Turner, founding partner of Yellow Brick Road Nursery in Dubai has sponsored Glory Joachim since she first started at The School of St Jude at the age of six in 2007. They have also paid for a teacher's salary, a school bus and many mosquito nets.
"I was shopping with my mother in a Brisbane Mall where we visited three bookshops and in each bookshop we noticed the School of St Jude book, so I took the 'message', bought Gemma Sisia's book and within the next few hours I contacted the school and begun our very special and loving School of St. Jude journey,” said Ms King-Turner.
"I arranged for my two nursery managers Ms Elizabeth and Ms Sharon to visit the school during the summer of 2008, so they could meet with Glory, her family and the school faculty," she said.
"I plan to travel to Arusha, Tanzania in June 2019 to attend Glory's graduation ceremony. We will always look out for Glory and be with her throughout her future,” said Ms King-Turner.
There are three kinds of sponsorship and the and the amount remains the same across the years. In the shared sponsorship format, three people can share the expenses of a child which comes to about Dhs164 a month. In a co-sponsorship, two people can sponsor a child for about Dh328 per month. A full sponsorship comes to about Dhs656 a month. Sponsors have to make a commitment of three years.
The sponsorship covers the pupil's educational and boarding expenses including learning resources and classroom essentials, school uniforms, daily meals and clean water.
If you want to support The School of St Jude by providing an academic scholarship for a student, or any of their other requirements, please refer to the website: http://www.schoolofstjude.org
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Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.
Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.
“Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.
Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.
“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.
Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.
From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.
Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.
BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.
Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.
Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.
“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.
Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.
“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.
“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”
The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”
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Friday 280.25m (14.12m)
Saturday 220.75m (11.21m)
Sunday 170.25m (8.58m)
Total 1.19bn (59.15m)
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