Category: Business

  • What makes good design?

    Sharief Vreugd: I don’t really have a design background. I think good design is something that is accessible to many people and something that helps people as well.

    Akeem Ngwenya: What some people think designers do is sit around and make things pretty, right? Maybe that is one aspect of design, but I think what makes good design is that it should solve a problem. It should try to make the world better than it currently is. And in our case, that is the intention to make the world a bit more inclusive than it currently is. I think that is what good design should do.

    Not that making things prettier is not a good thing to do. I’m sure there’s quite a big market for things that are prettier than they were before, and that is perfectly fine. But there are so many problems or opportunities in the world where there’s a need for design or creative thinking to come up with solutions that respond to those situations in a way that has not been thought of before. Or maybe it was thought of before, but has not been made better. I think that is where design, and creativity, has the most impact. It comes up with solutions where solutions don’t yet exist. It’s not just design, it’s creativity in general. Design is a function of that.

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    Have you always wanted to follow entrepreneurship? Or was this a new project that you took on?

    Akeem: Personally I’ve not thought of myself as following that path. That is partly due to how and where I grew up [in Malawi and South Africa], where entrepreneurship is not really something that someone aspires to be. Even though entrepreneurship is quite a part of society, in the sense that you always have people selling tomatoes or something on the streets, it’s not codified as such. So you don’t aspire to become a tomato seller or something. It’s just something that happens because maybe there are no other options. So this in a sense happened, I guess, by chance, by accident. It’s a good accident to happen. It makes us independent and self-reliant. I don’t think it’s so much about being your own boss, but setting your own path in the world where you can work on something that matters to you personally, something that you can see start from the beginning and achieve a particular end. Entrepreneurship gives us that option.

    I think that’s amazing because you’re imagining a future that doesn’t exist yet. I’m wondering, what is your relationship to imagination? Inherently as an entrepreneur, you have to be future-oriented.

    Akeem: I think you said it perfectly. In the sense that being an entrepreneur requires imagination. You have an idea, maybe. We have an idea. Let’s say, “Okay, I think this could be something that might solve a particular problem or be good for society.” But an idea itself is just that. You have to put it into practice. And you, as an entrepreneur, you try to find ways and means to bring about that reality, either in the future or the reality in your head.

    Sharief: I think Akeem is right. In a way, you need to believe in the product. And it’s maybe only in the beginning in your head. At some point, you have to try to sell that vision to people. But since it doesn’t exist or it’s just an idea, you really have to believe in this imaginary thing that doesn’t exist at all. I think believing is one of the most important aspects of an entrepreneur. Of course, you also have to work hard. With belief, I also think being optimistic is part of it. Because if you look at the numbers, the majority of startups, they just fail, but why do so many people still start companies? It’s because they believe in something.

    Akeem: Yeah. That’s perfectly said. And with regards to going against the stream, given that 9 out of 10 startups fail, to really be an entrepreneur in practice is to embrace failure, the possibility of failure, but still not be afraid or deterred by that possibility of failure. And that can only come about if you have the conviction that you are working on something that you think is going to work and make a difference. And that is imagination and dreams.

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    How do you deal with the emotional roller coaster of that?

    Sharief: I talk a lot with Akeem, of course. I think it’s important to have people around you that you can talk to. Many people actually don’t understand it because they live a different life. But if you can find yourself a small circle of people that is willing to listen to you, I think that’s very helpful because there’s so much going on and it’s not good to crop all those emotions, leave it inside of you. I think speaking helps me a lot.

    Akeem: Starting a business is not a short term goal. So you have to have a long-term mindset, and it’s pretty much like I’d imagine trading on the stock exchange. If you’re going to trade depending on the performance of day-by-day, you’re probably going to lose money almost every hour. We don’t have linear progression or linear growth all the time, so you have to zoom out. Look at how things are developing. Look at where you as a start-up were six months ago, compared to where you are now. And then in that respect, you can say, “Okay. Today might be a shitty day, but hey, where was I six months ago?”

    What do you consider failure, and how can you find success in it?

    Sharief: Failure is the way people grow. If you don’t fail, that means you don’t try new things. And if you don’t try new things, it means you don’t take any risks. In order to learn, you need to try and fail. I think you learn the most things from things that actually don’t go very well. When you look at entrepreneurship, people always celebrate successful entrepreneurs, but all that success comes from a past. And most likely, there are a lot of failures in the past. We don’t really acknowledge them, but it’s so important to not be afraid to make mistakes. Failure is important. It’s normal and okay to fail. As long as you learn from your mistakes.

    You’re running a Kickstarter campaign for a Reframd app. What makes a successful campaign in your eyes?

    Sharief: I think it’s important to have a community that you can rely on. I think community is definitely something that is really important, but also you have to think of the target audience, the people that are on Kickstarter as well. Do you think those people will be interested in your project as well? So, yeah, I think it’s a mix of those two.

    **Akeem: ** There definitely needs to be a community. But of course, you can’t just have the community… You’ll find that any single solution that you have to raise funds might or might not work, so you need more than one approach.

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    If someone feels compelled by this story, what is something you would want to share with them or ask them?

    Akeem: I think maybe at the end of it would be, of course, to support our project. And if not, then share our campaign. But I think perhaps what’s more important is trying to think of where you as an individual pledge your money in any Kickstarter campaign, not just ours. What is the impact that pledge is having? I think most Kickstarter projects are independent projects and they are probably run by groups like us that are also coming from relatively nothing. I think for the most part you, as an individual, pledging towards the Kickstarter campaign, have such tremendous power to influence a product coming into reality. And so you need to ask: What is the product or the project or the artwork that you are pledging towards trying to achieve in the world?

    You, as an individual, have tremendous power to have to shape society in how you pledge and where you buy your products outside of Kickstarter. Whether you buy organic or whether you buy from your local shop around the corner, or whether you buy from Amazon, you as an individual, your purchasing power is quite important. And we should all use that to the maximum benefit of making the world a bit better.


    This content originally appeared on The Creative Independent and was authored by Rona Akbari.

    This post was originally published on Radio Free.

  • Vinay Prakash is the Resident Grievance Officer (RGO)

    This post was originally published on The Asian Age | Home.

  • In Maharashtra’s capital city Mumbai, the petrol price is at Rs 106.93 per litre and diesel prices are at Rs 97.46 per litre

    This post was originally published on The Asian Age | Home.

  • Muqeem Ahmed, UK,

    Pakistan High Commission in London hosts a virtual open forum on trade and investment opportunities between Pakistan and the UK. The open forum was attended by a large number of officials from British and Pakistani chambers of commerce and businessmen’s. On this occasion, the participants expressed keen interest in investing in Pakistan

    Pakistan’s High Commissioner to the UK Moazzam Ahmad Khan said that the UK is Pakistan’s largest trading and investment partner and despite Covid 19 and nationwide lockdowns, Pakistan’s exports to the UK and remittances from UK have recorded the highest growth so far.

    The High Commissioner requested Pakistanis residing in the UK to open Roshan Digital Account to send remittances to Pakistan and avail the facilities of investing in New Pakistan Certificate under RDA.

    British Pakistani and foreign investors that the Pakistani government’s one-window policy for business and investment has been very successful and you can take advantage of it High Commissioner added.

    The open forum participants stressed the need for institutional reforms while addressing trade dispute resolution mechanisms, land prices in special economic zones and other issues related to investment. Responding to questions from the participants, High Commissioner Moazzam Ahmad Khan said that he would take up the matter with the concerned authorities of Pakistan and hoped that the concerns would be relieved.

    This post was originally published on VOSA.

  • British investor Stephen Peel in ongoing dispute with partners over Luxembourg company linked to spyware firm

    A British financier’s voting rights at a Luxembourg company linked to Novalpina Capital, whose fund owns a majority stake in the spyware firm NSO Group, will remain suspended, a Luxembourg court has ruled.

    Though this may not be permanent, the decision appears to mark a setback for the financier, Stephen Peel, a former Olympic rower, in a bitter legal dispute that has erupted between him and his two longtime business partners, Stefan Kowski and Bastian Lueken.

    Continue reading…

    This post was originally published on Human rights | The Guardian.

  • The Department of Economic Affairs under the finance ministry recently amended the Securities Contracts (Regulation) Rules

    This post was originally published on The Asian Age | Home.

  • The recovery will be led by increasing outsourcing and accelerating digital transformation services

    This post was originally published on The Asian Age | Home.

  • The GST collections in June 2021 are primarily for supplies made in May, a month when most states were under different levels of lockdown

    This post was originally published on The Asian Age | Home.

  • Companies must have human rights and environmental obligations, say TUC and Amnesty International

    Almost 30 organisations have joined forces to call for the UK to follow in the footsteps of its European partners by introducing corporate accountability laws requiring companies to undertake human rights and environmental due diligence across their supply chains.

    The groups, including the TUC, Friends of the Earth and Amnesty International, say systemic human rights abuses and environmentally destructive practices are commonplace in the global operations and supply chains of UK businesses, and voluntary approaches to tackle the problem have failed.

    Related: 14 major UK employers join socially focused Purposeful Company scheme

    Continue reading…

    This post was originally published on Human rights | The Guardian.

  • Petrol price was increased by 35 paise per litre and diesel by 18 paise a litre

    This post was originally published on The Asian Age | Home.

  • Amazon argued that COVID-19 had already hit small businesses and the proposed rules will have a huge impact on its sellers

    This post was originally published on The Asian Age | Home.

  • Muqeem Ahmed, London,

    The simultaneous resumption of economic activity following the easing of the lockdown has led to a shortage of food in the hospitality industry in many countries.

    Many of the dishes on the menu at major food chains have been temporarily suspended.

    Consumers order their favorite dishes from the mobile app, they are notified that their desired item is not available. Pizza packaging, paper envelopes, chicken wings, tomato ketchup and spicy mustard are in short supply.

    The supply of lettuce used in salads has come under shortage in United States and many other countries, while French fries have become rare in South Korea.

    Food companies have facing difficulties to meet the required orders and shipping companies have failed to deliver.

    According to James Bullet, a global economist, the gap between supply and demand could continue until next year. In many countries, restaurants and food services are facing staff shortages and finding new employees becomes difficult.

    This post was originally published on VOSA.

  • Despite a sustained rise in input costs, firms increased output prices at a slower rate last month to attract demand

    This post was originally published on The Asian Age | Home.

  • The Central Board of Indirect Taxes and Customs (CBIC) will be issuing certificates of appreciation to these taxpayers

    This post was originally published on The Asian Age | Home.

  • Analysts attributed the fall in gold prices to trimming of positions by participants

    This post was originally published on The Asian Age | Home.

  • The company will make the drug available in hospitals across metros and Tier 1 cities in the initial weeks

    This post was originally published on The Asian Age | Home.

  • By Gorethy Kenneth in Port Moresby

    PNG Power Limited managing director Flagon Bekker resigned over the weekend citing family issues after serving the Papua New Guinean utility for nine months as he faced strong pressure over power woes nationwide.

    He comes the eighth head of the country’s national electricity supplier to resign from the position over the last six years.

    The turnover of top management has been very high since the termination of former boss John Tangit in 2015 under the chairmanship of Larry Andagali.

    Tangit served his full term and was serving a second when he was removed.

    The PPL board has also had a very high turnover – William Kenjibi was board chairman and replaced by Joshua Bakiri in 2015 until he faced elections and was replaced by Robert Bradshaw as acting.

    Larry Andagali served his full three-year term until Andrew Ogil took over between 2016 and 2018. Peter Nupiri succeeded Ogil until this year when Moses Maladina was appointed.

    Before Tangit’s leadership, Bougainvillean Tony Koiri was head of PPL and achieved a profit of K50 million.

    Biggest profit
    Tangit and Larry Andagali, however, had the biggest profit announced in 2016 before he was removed, with a K56 million margin. Since then, the company has struggled, even dropping to more than K100 million in the red.

    Maladina announced over the weekend the resignation of Bekker effective immediately, indicating the appointment of Obed Batia as officer-in-charge of PNG Power while a more formal engagement was finalised.

    “Consequently, I have put in place an officer-in-charge to oversee the operations until such time as the NEC/shareholder makes an appointment,” he said.

    “In the interim, Mr Obed Batia will be the officer-in-charge. Mr Batia is the incumbent strategic adviser to the MD’s office and has more than 30 years of experience holding various senior positions within the company.

    I have every faith in Mr Batia’s ability to provide much needed stability.

    “The chairman and Board of PNG Power will provide the new officer-in-charge and the leadership team with its full support, during the interim.

    “We assure all the PNG Power employees and their families, key stakeholders and suppliers and valued PPL customers of continued stability during this transition period.

    ‘Key priority’
    “It remains our key priority, to focus on the objectives of our annual operating plan and to deliver on a promise to provide accessible, affordable and reliable energy services to the people of Papua New Guinea.

    “On behalf of the board, management and staff of PNG Power, we thank Mr Bekker for his service to PNG Power and wish him all the best in his future endeavours.

    “I would like to take this opportunity also to thank Mr Bekker for his time here at PPL and to wish him well, as he returns to his family in Australia.”

    The PNG Bulletin reported yesterday that Bekker was under pressure from disgruntled PNG Power workers that confronted him on Friday in a sit-in protest regarding their Enterpriser Agreement which he had not addressed on several occasions and other associated management issues.

    Gorethey Kenneth is a senior PNG Post-Courier journalist.

    This post was originally published on Asia Pacific Report.

  • Renewable energy will rely heavily on an industry already berated for human rights violations

    Interest in Dogger Bank was once restricted to insomniac enthusiasts for the BBC’s Shipping Forecast. Not anymore. Today, the shallow sandbank located 120 miles off the UK’s north-eastern shoreline, is home to the world’s largest windpower project. When fully operational, giant turbines will transmit 3.6 gigawatts (GW) of electricity, enough to power 5m homes, into the national grid at prices well below current levels.

    Welcome to the beginning of the end of the fossil fuel era. Across the world, solar and wind now represent the cheapest source of new electricity generation – and prices are tumbling. Electric vehicle (EV) batteries are driving oil towards obsolescence. Stripped of government subsidies and corporate lobbying carbon-based fuels are a busted flush. The future of energy is green – and the future can’t come soon enough to tackle the climate crisis.

    Related: The rush to ‘go electric’ comes with a hidden cost: destructive lithium mining | Thea Riofrancos

    Related: Record metals boom may threaten transition to green energy

    Continue reading…

    This post was originally published on Human rights | The Guardian.

  • Fuel prices differ from state to state depending on the incidence of local taxes such as value-added tax (VAT) and freight charges

    This post was originally published on The Asian Age | Home.

  • Google said its “strict policies clearly state reviews must be based on real experiences, and when we find policy violations, we take action

    This post was originally published on The Asian Age | Home.

  • CSL and contaminated blood
    The UK Health Secretary has just admitted his government’s “moral responsibility” for the UK’s contaminated blood scandal of the 1970s and 1980s yet Australian victims are still without compensation or even an apology.

    This post was originally published on Michael West.

  • The event provided investors with an opportunity to engage with the Union Finance Minister and senior officials of the Indian Government

    This post was originally published on The Asian Age | Home.

  • India has about 15 million monthly users of its business app in India, and more than 50 million users globally

    This post was originally published on The Asian Age | Home.

  • The new version of BMW 5 Series comes with various updates like remote-control parking, head-up display, reversing assistant and more

    This post was originally published on The Asian Age | Home.

  • The increase took rates across the country to fresh highs

    This post was originally published on The Asian Age | Home.

  • Vaccinated customers, even those who have received just one dose, would get a discount of up to 10%, IndiGo airline said

    This post was originally published on The Asian Age | Home.

  • Asia’s third-largest economy imported about 4.2 million barrels per day (bpd) of oil in May

    This post was originally published on The Asian Age | Home.

  • Bill Gates was formerly the world’s richest person and his fortune is estimated at well over $100 billion

    This post was originally published on The Asian Age | Home.

  • Muqeem Ahmad, London,

    The centuries-old mining industry in Britain has found a new life. The industry, which has been supplying tin and paint pigments to the UK and the world since 1592, shut down in 1998 due to the low price of tin in the global market and the rising cost of acquisition.

    Today, the price of a tin has reached to thirty thousand per ton, and new technology has made it easier to obtain.

    There is currently no tin industry in the UK or North America, due to this owner of a company called Cornish Metal has announced the resumption of the mine and plant, which has been closed for 23 years.

    Demand is growing globally for tin, copper and lithium used in the electronics and tech industries. Experts in the UK are working to re-open the closed mines of lithium and other minerals used in batteries so that domestic and foreign needs can be met and earned foreign exchange.

    Senior geologist Lucy Crane described the project as a new technology being used with unique measures to protect the environment from the effects of mining.

     

    This post was originally published on VOSA.

  • Pfizer

    The vaccine rollout remains mired in confusion. Health Minister Greg Hunt is making contradictory claims about how many doses of the Pfizer vaccine the government could have bought in the middle last year. Callum Foote reports.

    Health Minister Greg Hunt is making contradictory claims about how many doses of the Pfizer vaccine the government could have bought in the middle last year.

    On the one hand Hunt is claiming that he couldn’t have ordered more than 10 million doses because Pfizer wouldn’t have been able to supply them.

    At the same time, he claims he didn’t want to buy more because of the medical advice. According to Hunt, the medical advice was that due to the novelty of mRNA vaccines, the government should only order a small amount. The advice hasn’t been released publicly.

    Minister Hunt has claimed that he “secured all of the available doses at the earliest possible time, that could’ve been done, and Pfizer’s confirmed that.”

    Pfizer has said, however, that it proposed supplying 10 million doses, “the number initially contracted by the Government”.

    During a Senate Committee hearing, Labor senator Kristina Keneally tried to pin down Pfizer by asking:

    “Was Pfizer unable to commit to more doses at that point?”

    Pfizer’s Ms Graham responded with a straight bat:

    “Pfizer proposed 10 million doses at that point.”

    Michael West Media asked Hunt’s office a number of questions including whether any decisions were made for financial reasons.

    The spokesman stated categorically that cost was not a factor.

    “The decision to purchase vaccines was based on the advice of the Science and Industry Technical Advisory Group. As is evident in the Government’s multi-vaccine Strategy, the cost of the vaccine was not a determining factor.

     

    The Government has followed the advice of SITAG at all times on both the selection and quantity of vaccines.”

    Both Pfizer and Hunt’s office have refused to comment on whether Pfizer would have supplied more doses if the government had contracted for more. Pfizer has claimed that the amount sent to Australia was based on “on the availability of doses and earliest schedule that could be provided at that time”.

    However, Pfizer has not commented as to why it was only able to supply the specific 10 million doses it was contracted to provide.

    At the time Australia ordered the 10 million Pfizer doses, Pfizer was in the process of delivering more than 1 billion doses to 34 other countries.

    Numerous sources have claimed that Australia’s procurement process with Pfizer was undermined by the “nickle and diming” of the procurement officer in an unofficial meeting with Pfizer on July 10, 2020.

    Hunt’s office said the description of the procurement officer as being inexperienced was incorrect. Hunt said the officer was the equivalent of “a two star general” but has refused to state publicly who it was and his actual role.

    According to those in the room in the July 2020 meeting, Pfizer had offered Australia the option to make an advance purchase agreement for enough doses for a national Pfizer rollout. Countries such as Israel took up a similar offer, reportedly paying a significant amount for the vaccines.

    Israel’s adult vaccination rate now stands at more than 80%.

    More secrecy

    The Department of Health has also not made public the source or content of the advice that led to Australia’s vaccine rollout strategy, nor made public the names of the members of the Science and Industry Technical Advisory Group (SITAG) which ultimately signed an agreement with AstraZeneca in August last year.

    The Federal Government has been accused of playing a mates game after it was revealed that former senior Liberal staffer Kieran Schneemann was the head of government affairs (read:lobbying) at AstraZeneca Australia.

    Government’s “appalling” error, rejects offer of 40 million Pfizer doses in July 2020

    This post was originally published on Michael West.