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Make it happen 2

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Last week we saw that individual performance depends on the combination of individual attributes of the worker, work effort of the individual and the support the company gives to the worker to carry out the tasks. The individual performance equation was written as follows:

Performance = Individual attributes x work effort x organizational support

Individual attributes relate to capacity to perform and include three broad categories, namely demographic characteristics (gender, age), competency characteristics (aptitude or ability) and personality characteristics (what a person is like). From a performance management point of view the individual attributes must match task requirements to facilitate job performance. Today we will look a bit deeper into some of the individual attributes that influence performance.

Demographic characteristics are the background variables that help shape what a person has become. Examples of demographic characteristics are gender and age for example. Although these characteristics are often detailed in a worker’s personal file, care must be taken not to stereotype and thus denying individual differences and assessing performance inaccurately.

Contrary to what many people believe, there are very few differences for instance between men and women that would affect job performance. There are in fact no consistent differences between men and women in the ability to solve problems, analyse, compete, motivate, learn, or socialise. Yet, women face a hard time proving that they can perform just as well or sometimes better than their male counterparts. This is also the case in Ethiopia, where the men often cannot accept having to deal with a woman manager for instance.

A common stereotype, when it comes to age is that many people don’t think elderly people are still able to learn and be flexible. However, the truth is that this depends on the individual. Many elderly show themselves to be quite flexible indeed, while age and performance have been found to be unrelated in research. Older people are no more likely to be unproductive than younger people.

Aptitude represents a person’s capability to learn something. Ability reflects a person’s existing capacity to perform the tasks needed for a certain job and includes both knowledge and skills. These are both important considerations when initially hiring someone for a job.

Personality represents the overall profile or combination of characteristics that capture the unique nature of a person. It reflects how a person looks, thinks, acts, and feels. Understanding personalities helps the manager predict what somebody can do and what that somebody will do. Cultural values and norms play a substantial role in the development of an individual’s personality and behaviour. Compare for example the individualism of some western cultures with the collectivism of some African cultures. Social factors reflect such things as family life, religion, and the many kinds of formal and informal groups in which people participate throughout their lives. Finally, situational factors can influence personality. Personality may develop over time, for example from immaturity to maturity, from passivity to activity, from dependence to independence, from shallow behaviour to deep interests, from short-term to long-term perspective, from little self-awareness to much self-awareness.

Management expert Argyris believes that the nature of the mature adult personality may sometimes be inconsistent with work opportunities. Management may neglect the adult side of people. They may use close supervision and control which is more typically needed by younger workers. In other words, personalities develop in predictable ways over time and these developments require quite different managerial responses. Thus, an individual’s needs and other personality aspects of a person entering the company for the first time can be expected to change as he or she further develops in personality. 

In conclusion, there are quite a few attributes that determine the individual, his or her personality, who somebody is, that a good manager must be aware of. Not being aware of these factors, which also influence individual performance, will lead managers into using blanket management instruments, not necessarily the most effective. In Ethiopia, management does not normally take all these factors into account. Workers are often stereotyped and treated accordingly, leading to frustration and under performance instead of recognition of individual capacity and unleashing potential.       

Ton Haverkort

The History of Social Modernization

When the term “Atlantic civilization” was coined in the 18th century, the underlying idea was meant to combine the values of the French and the American Revolutions. They were seen as the two indispensable pillars of a single, yet divided approach to social modernization. The values of life, liberty and the pursuit of happiness as well as those of liberty, equality and fraternity may sound hollow today, yet they have not lost any of their resounding power when looking at their impact.

The Atlantic civilization remains based on the primacy of individual dignity, property and rule of law, a strict separation between state and society the freedom of religion as well as the freedom to travel. People’s ability to engage in self-criticism remains the essential quality of the Atlantic civilization. While hoping for the universalization of people’s understanding of life, liberty and the pursuit of happiness remains an inherent driving force of human culture, it is important to re-evaluate the world as it stands.

It is imperative for the future of the Atlantic civilization to realize the root causes of the conflicts which have taken us like a hurricane. The time has come to count the dead due to a series of acts of political violence committed over the past decade. We must take account of undeclared wars such as in the Ukraine, gruesome and barbarous acts of terrorism as in Iraq and Syria, incapable states which cannot really “fail” because they never worked in the first place such as Somalia, as well as states which can no longer prevent the outbreak of mass epidemics with global consequences such as Liberia or Guinea.

The West may be keen to promote the rule of law and democratic participation, but people are confronted with upheavals in their borderlands that follow a different, if not altogether confrontational logic. Russia is projecting its imperial glory, if only out of weakness. The Arab and Muslim world is undergoing a transformation with cultural, political and economic tensions of the highest order. While often clad in religious language, these tensions reflect age-old geopolitical controversies and rifts.

While Westerners are ambivalent about the use of military power, knowing too well its limits and the curse of Pandora’s Box that comes with the use of military power, they can no longer escape a global tide that changes their way of thinking. Aren’t they very scared of “foreign” fighters returning from Iraq or Syria, whether with a U.S. or EU passport? And what is their answer to self-declared “Sharia police” gangs patrolling the streets of London or Bonn, trying to prevent Muslim youth to enter “sinful” places such as discotheques and casinos?

The Atlantic civilization is united these days, or so it seems. In reality, Western nations are divided in their perception of, and proximity to, current hotspots. Whether they are engaged in sanctions against Russia or in organizing a military coalition against the barbaric terror of the self-declared “Islamic State caliphate,” the truth of the matter is this: Nobody has a good answer, and no strategy seems to work the way we thought these things happen.

What’s happening in Russia is about re-establishing spheres of influence, territorial and ethnic. The shift from Arab spring to a Caliphate winter represents almost the opposite: the individualized, decentralized and excessively violent, cruel and unpredictable use of force.

According to political analysts, understood properly, Eurasian imperialism and Arab radicalism are two sides of the same coin. They both reek of obvious helplessness and long-term self-defeat. They represent deep inferiority complexes to which the West has not developed any serious response beyond the usual policies of carrots and sticks.

The Atlantic civilization has to learn that political ideologies and violent conflicts which are no longer relevant in the West have found willing repetition outside their sphere. The Arab world may well have entered its genuine Thirty-Year War, while nobody knows how long Russian imperialism may last.

But as Russia’s and the Arab world’s inner tribulations have begun to penetrate the cohesion and stability of the West, they pose a threat to the Atlantic civilization that goes beyond the reaction of concerned neighbors. That is why, according to political analysts, it is time to reinforce the foundation of this unique experiment in the history of man’s search for freedom without coercion.

The Atlantic civilization needs to redefine its foundation: the search for truth cannot justify the destruction of freedom, one’s own and that of others; the rule of law and democratic participation include the protection of minorities; the outbreak of violence is the end of politics and not its continuation.

In the end, this is what liberal democracy is all about. It is against this backdrop that the success or failure of the Transatlantic Trade and Investment Partnership (TTIP) takes on a new dimension. These negotiations are about far more than a trans-Atlantic trade and investment partnership.

Political analysts noted that it is an investment into a common future of liberal democracy and it is about a partnership that cannot be traded on the altar of petty populism and myopic trends on either side of the Atlantic Ocean.

Afreximbank and MobiHealth Sign Project Preparation Facility to Drive Digital Healthcare Solutions Across Africa

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The African Export-Import Bank (Afreximbank) (www.Afreximbank.com) and MobiHealthCare Limited (MobiHealth) have signed a project preparation facility agreement that is expected to bolster the expansion of Mobihealth’s telemedicine services in Nigeria, and also assess the feasibility of establishing similar services in Egypt, Ghana, Kenya and Cote d’ Ivoire.

Under the terms of the agreement, Afreximbank will part-finance project preparatory activities that will leverage MobiHealth’s successfully integrated telemedicine proprietary platform, initially piloted in Nigeria, to the four additional countries. This initiative is expected to rapidly lead to the establishment of a network of telemedicine clinics across Africa, fully equipped with out-patient facilities. The project preparation facility of up to US$ 1.5 million is expected to advance the Project to bankability, whereupon this is expected to unlock further investments estimated at US$ 65 million.

The preparatory facility will expedite the deployment of digital healthcare solutions, enhancing access and efficiency, and quality healthcare. MobiHealth’s platform utilizes local and diaspora medical professionals who are able to diagnose and prescribe to patients remotely. This reduces waiting and travel times, provides new ways to serve harder-to-reach population and removes barriers for the underserved population.

Additionally, Afreximbank will serve as the mandated lead arranger, overseeing senior debt syndication for the project implementation.

The MobiHealth transaction was originated from the Africa Investment Forum (AIF) platform under its flagship ‘Women as Investment Champions’ initiative. Afreximbank is one of the founding partners of the AIF. The AIF has been instrumental in mobilizing a US$1.0 million grant for MobiHealth from the United States Trade and Development Agency (USTDA).

Commenting on the agreement, Mrs. Kanayo Awani, Executive Vice President, Intra-African Trade and Export Development Bank, Afreximbank, said “This initiative will fundamentally reshape the delivery of healthcare services with broader implications for healthcare services across the continent. We will not only be embracing digital technology but also harnessing the same to help our member countries accelerate their progress towards the attainment of Universal Healthcare Coverage, and improve equitable access to quality, affordable healthcare. Afreximbank is pleased to join USTDA to support bankable studies and services to ensure advancement of this impactful health project.”

Dr. Funmi Adewara, Chief Executive Officer and the project sponsor of MobiHealth, said: “The signing of this facility agreement marks yet another significant milestone in MobiHealth’s quest to proffer digital healthcare solutions across the continent. We are thrilled to have the support of Afreximbank, a pan-African multilateral financial institution with the scale and capacity to enable us to achieve this objective in a timely manner. Their involvement is a strong validation for our business model and I would like to laud Afreximbank, AIF and USTDA for their visionary leadership and steadfast commitment to support the provision of quality healthcare to African citizens.”

Mrs Chinelo Anohu, AIF’s Senior Director said: “This is a ground-breaking achievement for a female-led startup given the challenges they are known to face especially when it comes to access to financing, and we are very excited to have supported Mobihealth on this funding with Afreximbank, one of AIF’s founding partners. Mobihealth’s innovative mobile health solutions is a game changer for a continent where so few are able to access healthcare and will therefore make a huge difference in Nigeria and the wider Africa continent, particularly for the 70% that live in rural areas and have little or no access to basic healthcare”.

Distributed by APO Group on behalf of Afreximbank.

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About Afreximbank:
African Export-Import Bank (Afreximbank) is a Pan-African multilateral financial institution mandated to finance and promote intra-and extra-African trade. For 30 years, the Bank has been deploying innovative structures to deliver financing solutions that support the transformation of the structure of Africa’s trade, accelerating industrialization and intra-regional trade, thereby boosting economic expansion in Africa. A stalwart supporter of the African Continental Free Trade Agreement (AfCFTA), Afreximbank has launched a Pan-African Payment and Settlement System (PAPSS) that was adopted by the African Union (AU) as the payment and settlement platform to underpin the implementation of the AfCFTA. Working with the AfCFTA Secretariat and the AU, the Bank is setting up a US$10 billion Adjustment Fund to support countries effectively participating in the AfCFTA. At the end of December 2023, Afreximbank’s total assets and guarantees stood at over US$37.3 billion, and its shareholder funds amounted to US$6.1 billion. The Bank disbursed more than US$104 billion between 2016 and 2023. Afreximbank has investment grade ratings assigned by GCR (international scale) (A), Moody’s (Baa1), Japan Credit Rating Agency (JCR) (A-) and Fitch (BBB). Afreximbank has evolved into a group entity comprising the Bank, its impact fund subsidiary called the Fund for Export Development Africa (FEDA), and its insurance management subsidiary, AfrexInsure (together, “the Group”). The Bank is headquartered in Cairo, Egypt.

For more information, visit: www.Afreximbank.com

Africa Finance Corporation (AFC) bestowed Panafrican Champion at the 2024 CEO Forum Awards

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Africa Finance Corporation (AFC) (www.AfricAFC.org), the continent’s leading infrastructure solutions provider, has been bestowed the Panafrican Champion award at the just concluded 2024 Africa CEO Forum in Kigali, Rwanda. This accolade recognises AFC’s outstanding contribution to the instrumental development and integration of infrastructure and industrial value chains across the African continent, reinforcing its role as a pivotal player in driving sustainable economic growth.

The CEO Forum Awards, held annually, celebrates excellence in leadership and innovation among Africa’s foremost businesses and leaders. This year’s ceremony brought together an illustrious gathering of industry captains, policymakers, and thought leaders to recognise achievements that are transforming the African business landscape.

AFC’s receipt of the Panafrican Champion Award underscores its commitment to pioneering projects that address the continent’s critical infrastructure needs. Some notable projects over the past year that contribute significantly to tackling Africa’s infrastructure deficit include Djibouti’s first wind farm, with AFC as lead developer supporting plans to become the first African country wholly reliant on renewable sources for energy, and the Lobito Corridor rail project, with AFC again as lead developer working alongside the US, European Union and governments of Angola, DRC and Zambia to facilitate critical logistics to support value added processing and industrialisation, connecting the trade flows between the Atlantic and Indian oceans. Alongside its partner Arise IIP, AFC is financing industrial activity, enhancing local value creation through export focused industrial parks and enabling rapid livelihood improvement through job creation and regional prosperity. The AFC and Arise IIP Special Economic Zones are now present to 10 West and Central African countries, focusing on essential sectors including food security, textiles and minerals.

“We are truly honoured to receive this prestigious award from an institution of such high repute like the Africa CEO Forum,” said Samaila Zubairu, AFC President&CEO. “This recognition is testament to the fact that AFC’s impact goes beyond the mere financing of infrastructure solutions in our core sectors of power, natural resources, transport and logistics, heavy industry, and technology, we aim to activate transformative change across Africa. Our mission is to continue to drive critical infrastructure projects that advance rapid industrialisation, support the beneficiation of Africa’s abundant natural resources and create local jobs for a more prosperous Africa.”

AFC has achieved notable progress in the last year, reinforcing the Corporation’s role as a pivotal force in Africa’s infrastructure and financial landscape. The Corporation successfully raised funds of about US$ 2.4 billion from global capital markets, expanded its membership to 43 countries and diversified its shareholder base with Egypt as its first North African shareholder and Turk Eximbank as its first non-regional shareholder. These developments affirm AFC’s unwavering commitment to Africa’s economic evolution and underscore the Corporation’s critical contribution to the continent’s infrastructural enhancement and industrial growth.

Distributed by APO Group on behalf of Africa Finance Corporation (AFC).

Media Enquiries:
Yewande Thorpe
Communications
Africa Finance Corporation
Mobile : +234 1 279 9654
Email: yewande.thorpe@africafc.org

About AFC:
AFC was established in 2007 to be the catalyst for private sector-led infrastructure investment across Africa. AFC’s approach combines specialist industry expertise with a focus on financial and technical advisory, project structuring, project development, and risk capital to address Africa’s infrastructure development needs and drive sustainable economic growth.

Seventeen years on, AFC has developed a track record as the partner of choice in Africa for investing and delivering on instrumental, high-quality infrastructure assets that provide essential services in the core infrastructure sectors of power, natural resources, heavy industry, transport, and telecommunications. AFC has 43 member countries and has invested US$13 billion across Africa since inception.

www.AfricAFC.org