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Did Wrongdoings in Africa Force M-Kopa Solar to Rebrand? [B Team Africa, Gates, Generation Investment]

Cyprian Nyakundi

December 24, 2020

 

 

“The financial industry is undergoing rapid technological change… The increase in demand for digital services triggered by COVID-19 is turbo-charging this transformation.”

 

“Fintech’s potential to reach out to over a billion unbanked people around the world, and the changes in the financial system structure that this can induce, can be revolutionary.”

 

December 17, 2020, What is Really New in Fintech, IMF Blog

 

“Upon first glance, a person would assume this business is the selling of solar. Yet this assumption would be a mistake. The product is finance: “About a quarter of those who pay off their first purchase move on to others, the company says.” This is colonization in a 21st century new form. Colonization via debt made possible by the selling of Western values. Other vultures exploiting the impoverished and vulnerable under the guise of green and “clean energy for all” include iniquitous organizations, such as the Gates Foundation and Mastercard.”

 

January 28, 2019: An Inconvenient Case Study: M-Kopa Solar, Africa, [The Manufacturing of Greta Thunberg – for Consent: The Most Inconvenient Truth: “Capitalism is in Danger of Falling Apart”, ACT III]

 

 

US President Barack Obama visits M-KOPA stand at the UNEP offices in 2015

US President Barack Obama visits M-KOPA stand at the UNEP offices in 2015

 

B Team Africa's Jesse Moore, Photo by World Economic Forum

B Team Africa’s Jesse Moore, Photo by World Economic Forum

 

The B Team continues to grow and expand its coalition of corporate executives. In 2018, Indra Nooyi, chairman and former CEO of PepsiCo, joined the coalition. More recently, The B Team welcomed Ajay Banga, president and CEO of MasterCard. Another B Team leader is Andrew Liveris, chairman and CEO of Dow Chemical Company. Liveris also serves as a member of The Nature Conservancy’s Latin America Conservation Council, and the Concordia Leadership Council. ”

 

September 17, 2019, We Mean Business Co-founder – The B Team [The Manufacturing of Greta Thunberg – for Consent: They Mean Business, Volume II, Act IV]

 

Blacklock’s Reporter is a subscription service that monitors corruption in Canada and in the light of the WE Charity scandals, it has been one of the sites that has continued to give timely briefs.

The site has made a link between Jesse Moore, CEO of M-Kopa and Craig Kielburger, CEO of We Charity, another organization accused of siphoning off Canada taxpayer money in Kenya.

M-Kopa is described as a ‘money-losing door-to-door sales company in Nairobi that received millions in federal funding’ (funded by Canadian taxpayers).

Jesse Moore, a former Toronto child activist, earlier served in a youth leaders’ group with WE Charity co-founder Craig Kielburger.

WE Charity Scandal in Kenya

  1. We Charity forces whistle-blower to recant evidence of mistreatment
  2. WE Charity suspicious activities that should get the attention of Kenyan authorities
  3. We Charity shuts down Canadian operations after scandal

The link between We Charity’s Craig Kielburger and M-Kopa’s Jesse Moore

The issue was picked up by a Canadian MP in an interview with a Toronto radio station last Thursday (Last week) and it’s becoming an emerging scandal in Canada.

 

Kampala, Uganda – October 25, 2018 – “Mastercard in partnership with M-KOPA Solar and Centenary Bank, celebrated the first ‘pay-as-you-go’ QR transaction this week, officially launching the initiative, which provides a simple and inexpensive way to power the homes and businesses of Ugandans.”

"Pay-As-You-Go and the Internet of Things: Driving a New Wave of Financial Inclusion in the Developing World"

“Pay-As-You-Go and the Internet of Things: Driving a New Wave of Financial Inclusion in the Developing World”

 

January 22, 2020, World Economic Forum, Davos: "How are the pioneers of the Fourth Industrial Revolution shaping the future of society?"

January 22, 2020, World Economic Forum, Davos: “How are the pioneers of the Fourth Industrial Revolution shaping the future of society?”

 

Jesse Moore, CEO of M-Kopa. Moore is a shareholder and chief executive of M-Kopa Holdings Ltd., a Kenyan firm that sells home appliances, cellphones and household loans on the installment plan. M-Kopa was the first recipient of FinDev funding on a promise of “creating good quality jobs in East Africa.” M-Kopa laid off 150 employees two days after FinDev announced its initial share purchase in 2018. The company lost $51 million (Sh5.5 billion) over two years as taxpayer funds were spent on the company, according to financial records.

Also FinDev admitted giving another US$ 2 million (Sh218 million) in 2019, after the firing of the 150 software developers became public news.
In the past, FinDev, a federal agency bought $15.4 million (Sh1.7 billion) in shares in M-Kopa Holdings Limited.

FinDev has confirmed it was aware Moore held shares in the company. The agency has an observer on the M-Kopa board, but would not comment on salary and benefits approved for the chief executive.

“FinDev has an observer status that allows us to be informed about M-Kopa’s business developments,” said Shelley Maclean, a spokesperson for the agency. “Following its investment in M-Kopa, in January FinDev was made aware of certain employee share purchases that took place.”

Moore is a former director with CARE Canada and a 2006 Fellow at Action Canada, a federally-subsidized “leadership development” program for students. Kielburger was also a 2006 Fellow in the program.

In the article, the predatory M-Kopa is refusing to cooperate.

On other note, M-Kopa has told staff it is exiting the solar business in Uganda and will focus on its 26,899/- A11 phones (https://m-kopa.com/kenya/products/) on an extreme high-interest payment plan ( you can get same phone on Jumia for 13,500 ).

At the same time it has taken the word “Solar” out of all of its brand identity- https://m-kopa.com/ does not have the old M-Kopa Solar logo anymore. In Kenya they are telling staff that solar will reduce as they become a pure predatory phone finance company.  https://androidkenya.com/2020/01/samsung-m-kopa-phone/  And they are only selling phones, not solar, in Nigeria and Ghana.

 

"Stay Entertained"

“Stay Entertained”

 

 

Celebrity “Activists” Change Everything: UN Forum to Adopt the 2030 Agenda for Sustainable Development

Klein OECD

Photo: 24 November 2015: Naomi Klein (left) and Angel Gurría, Secretary-General of the Organisation for Economic Co-operation and Development (OECD). In January 1998 Mexican President Zedillo appointed Jose Angel Gurria as Minister of Finance. “One top official at Nomura Securities summed up Wall Street’s euphoria upon hearing of Gurria’s appointment. ‘He’s one of ours.'” Gurría also negotiated the North American Free Trade Agreement (NAFTA) which came into force on January 1, 1994. [Further reading: Our “Man in Mexico” and the Chiapas Massacre]

The United Nations Private Sector Forum 2015 was held in New York on September 26. The forum was presented by the UN secretary general, Ban Ki-moon and 350 leaders from the public and private sectors:  German Chancellor Angela Merkel, Naomi Klein, Angel Gurría (OECD), Jeffrey Sachs (Natural Capital/privatization of nature), George Soros, Al Gore, Mark Zuckerberg, Leonardo DiCaprio, Bono (U2), the CEO of Unilever, Paul Polman, Greenpeace International, WWF and many others. This exclusive event is by invitation only.

Held one day after the UN member nations adopted the 2030 Agenda for Sustainable Development, on September 25, this global forum focused on the role of the private sector in implementing the 17 Sustainable Development Goals (SDGs) included in the agreement.

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EGADE Business School, Tecnológico de Monterrey

September 25, 2015

Mexico City

bono 2

Secretary-General Ban Ki-moon (centre) speaks with Angela Merkel (left), Chancellor of Germany, and Bono, activist and lead singer of the rock band U2, at the United Nations Private Sector Forum 2015, organized by UN Global Compact. (UN Photo/Kim Haughton)

Excerpts:

Dr. María de Lourdes Dieck Assad, dean of EGADE Business School, Tecnológico de Monterrey, was chosen—as the leader of an institute for higher education—to participate last Saturday, September 26, in the United Nations Private Sector Forum 2015, organized by the United Nations Global Compact and the UN secretary general, Ban Ki-moon. Participation at this exclusive event is by invitation only and includes leaders of key organizations. EGADE Business School was included because of its commitment to promoting corporate sustainability and responsible business education, seen in the Principles of Responsible Management Education (PRME) initiative, which the school cofounded….

The Private Sector Forum—which the UN secretary general convenes every year with the goal of bringing the voice of the private sector to intergovernmental debates—is of special importance in 2015, because it is taking place during the historic UN Sustainable Development Summit to adopt the 2030 Sustainable Development Agenda, which includes the Sustainable Development Goals (SDGs), a global commitment that seeks to eradicate extreme poverty, fight inequality, and combat climate change throughout the world.

This global forum brought together a select group of more than 350 leaders from the public and private sectors and from civil organizations, to launch formally the SDGs for the private sector. Besides the UN secretary general, other high-level leaders from around the world participated, such as German Chancellor Angela Merkel; French President François Hollande, King Philip VI of Spain and the President of the European Commission, Jose Manuel Durao Barroso; the CEO of Facebook, Mark Zuckerberg, the CEO of Unilever, Paul Polman, the president of Walmart, Mike Duke, Helge Lund, CEO of Statoil, and the investor George Soros; and Al Gore, president of The Climate Reality Project Change, Angel Gurría, secretary general of the Organization of Economic Cooperation and Development (OECD), Jeffrey Sachs, president of the Earth Institute, Mary Robinson, Special Envoy for Climate Change of the United Nations, Peter Bakker, President and CEO of the World Business Council for Sustainable Development (WBCSD), actor and activist Leonardo DiCaprio, Leonardo DiCaprio Foundation founder, the renowned journalist of The Nation Naomi Klein and Klaus Schwab, Founder and Chairman of the World Economic Forum (WEF), among other global leaders. In addition, investors and leading multinational organizations like Unilever, Lego, MasterCard, IKEA, Pearson and Oxfam International, among others, announced their strategies and objectives for the implementation of ODS in their business.

Read the full article here: http://www.itesm.mx/wps/wcm/connect/ebs/egade+business+school+nd/news+home/news/news284

Global Goals 10

 

 

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