Restaurant brand raises £169,394 for cancer charity through £1 bill donations

One of the nation’s leading Thai restaurant brands has reached an impressive fundraising charity target for a charity close to its heart.

 

Thai Leisure Group, alongside its customers, have raised an incredible £169,394 through menu donations and other fundraisers, with the proceeds going to Yorkshire cancer charity, Candlelighters.

 

The fundraising figure is the charity’s largest amount raised by one single provider and marks the start of an ongoing partnership for the two businesses.

 

Thai Leisure Group – which owns Thai cuisine restaurants including Chaophraya and Thaikhun – has raised the milestone amount by giving customers across its 13 restaurants in England the opportunity to pay an additional £1 on top of their bill.

 

Candlelighters supports children and their families from the devastating consequences of cancer, with donations contributing research projects, round the clock support and temporary accommodation for families.

 

Chris Salt, Partnerships Manager at Candlelighters, said: “The incredible amount raised by Thai Leisure Group and its patrons will make an immense difference to families and children affected by childhood cancer.

 

“We help families throughout their treatment, when staying in or visiting hospital, as well as out in communities throughout the region. The funds raised by Chaophraya and Thaikhun will help to ensure none of these families face a child’s cancer diagnosis alone, and will be instrumental in helping to fund crucial research which will help thousands of children across the UK and further afield.”

 

Ian Leigh, Managing Director at Thai Leisure Group, said: “We’re so grateful to everyone who has supported us with donations over the past year. Candlelighters is a charity that is close to our hearts and the incredible amount raised will make a huge difference to families and children affected by childhood cancer. After seeing first hand the full extent of support that Candlelighters offers cancer patients and their families, we wanted to create a longstanding partnership where we can contribute towards the amazing work the team are doing.”

 

Alongside their existing charity work, Thai Leisure Group has recently launched a new partnership with Manchester-based charity, Lifeshare, to raise money to support the homeless.

 

Abigail Noonan at Lifeshare, said: “We are so excited to be partnering with Thai Leisure Group in the Autumn Quarter. This support will have a huge positive impact on our service and help us to better provide for Manchester’s vulnerable populations.”

 

Ian adds: “At Thai Leisure Group, we are proud to support charities worldwide and dedicate each quarter to a different charity that the team feel passionate about. We’re excited to launch our next partnership with Lifeshare and do our bit to support those who are struggling financially and living on the streets.

 

“It’s been a tough couple of years for many people, and it’s important that, as a business, we do what we can to support our local community as much as we can.”

 

You can donate to Thai Leisure Group’s chosen charities through an optional menu donation at any of their Chaophraya, Thaikhun, Yee Rah or Chaobaby restaurants. For more information, visit www.thaileisuregroup.co.uk

TransUnion Wins Credit Information Provider of the Year at The Credit Awards

TransUnion, a global information and insights company and one of the UK’s leading credit reference agencies, has been named Credit Information Provider of the Year in the Credit Awards 2021.

The Credit Awards recognise and celebrate innovation and best practice across the UK credit and financial services industry and the win was based on TransUnion’s work supporting both businesses and consumers.

Satrajit “Satty” Saha, CEO of TransUnion in the UK commented: “It’s an honour to receive this award. Credit information is absolutely pivotal to us and the services we provide. By ensuring that each consumer is reliably represented in the marketplace, we make trust possible between businesses and consumers,  and we’re really proud of what we’ve achieved as a business, and in particular how we responded through the challenges of the pandemic.

“I’m grateful to all our colleagues, both here in the UK and globally, for their hard work and expertise in supporting our clients and consumers throughout this period. It’s great to see our efforts recognised  with such a key industry accolade and a fantastic end to the year for us.”

The award celebrates TransUnion’s achievements in several areas including:

  • Educating and empowering consumers to take control of their credit report and score

The judges recognised that TransUnion has helped millions of people with credit repair and educated UK consumers on their credit information and how it’s used in financial decisions. Collaborations with the likes of NatWestNewDay and Incuto have provided consumers with easy access to their credit score and the information they need to improve it.

  • Preventing fraud and verifying identity

Earlier this year, TransUnion streamlined its fraud prevention and identity verification under TruValidate, a global solution which delivers a comprehensive view of each consumer by linking proprietary data, personal data, device identifiers and online behaviours. From helping UK businesses to reduce financial losses due to fraud, to enabling them to confidently identify genuine consumers, the win recognised the impact of this service across a variety of business sectors.

  • Supporting businesses and protecting consumers

By providing innovative, tailored solutions, TransUnion helps businesses meet changing customer needs and new regulation. One example that was recognised by the judges in the Credit Awards is its Affordability Solution for Gaming, designed to boost consumer protection in gambling, which is used by many leading gaming operators. Using individual-level financial data and industry-recognised scores, built by TransUnion, it helps inform fair and responsible decisions and protect players from gambling-related harm.

Shail Deep, chief product officer of TransUnion in the UK added: “As an information and insights provider, our clients rely on accurate data so we’re thrilled to have been recognised in this way as Credit Information Provider of the Year. This data is central to many of our innovative products and solutions and as we look to the year ahead, we look forward to continuing to support our customers, and in turn the consumers they serve.”

TransUnion is committed to using Information for Good® and offers specialist services in fraud, identity and risk management, automated decisioning and demographics, supporting organisations across a wide variety of sectors including finance, retail, telecommunications, utilities, gaming, government and insurance.

Hubilo’s new marketing leadership team set to strengthen the brand in the virtual and hybrid event sector

Hubilo Technologies Inc, the virtual and hybrid events platform disruptor, has announced the formation of a new marketing leadership team, which feature three new members Liesl Leary-Perez, now Vice President of Corporate Marketing: Carin Chan, appointed as Senior Director, Global Product Marketing and Adam Wooley, hired as Senior Director of Global Growth and Marketing Operations. All three will report to Cathy Song Novelli, Senior Vice President (SVP) Marketing and Communications

The new leadership team is focusing on tackling the continued challenges of the different variants of COVID-19 by helping shape the new normal in events. However, providing a space to hold virtual events isn’t where Hubilo’s work stops. The new team is creating an inclusive space far beyond addressing demographic and geographic regions and the opportunity for continuous growth in the virtual and hybrid sectors.

“Hubilo is committed to fostering human connections through reimagined events. With the addition of these brilliantly creative, growth-minded marketing leaders, we are fast-tracking Hubilo’s ability to meet that commitment,” said Cathy Song Novelli, SVP of Marketing + Communications. “We intend to continue on our mission of offering Hubilo’s clients a deeper understanding of what drives engagement among their audiences and help create event excellence to yield better business results for their virtual and hybrid events.”

Hubilo’s newest marketing leadership members consist of:

Liesl Leary-Perez, Vice President of Corporate Marketing:

With nearly 25 years of knowledge across the complete spectrum of marketing, Liesl’s core expertise lies in brand building and leading content, creative, and global communications organisations. Before joining Hubilo, she worked as the global head of corporate marketing at TTEC, global head of content marketing at SDL plc, and spent 20 years in international business strategy working for leading translation organizations. She is also an active corporate philanthropist, raising money for causes that promote sustainable economic development and diversity initiatives.

Carin Chan, Senior Director, Global Product Marketing:

Carin has over 15+ years of experience in B2B product marketing primarily focused on go-to-market strategy, competitive intelligence, marketing analysis, and customer marketing. Before joining Hubilo she launched many new products and drove growth on established product lines at leading B2B/SaaS organisations including Oracle, IBM, SurveyMonkey, SDL, and Rakuten. She holds a BS in Information and Computer Science from UC Irvine, an MS in Engineering Systems from the Massachusetts Institute of Technology, and an MBA from MIT Sloan.

Adam Wooley, Senior Director of Global Growth and Marketing Operations:

Adam’s robust growth marketing background in SaaS B2B and B2C businesses includes over 15 years of global experience in scaling hyper-growth companies through demand generation and lifecycle marketing. Before joining Hubilo, he worked in product marketing at both Google and Microsoft/Yammer, as director of demand generation and customer marketing at Prezi, and was the senior director of lifecycle and marketing operations at Housecall Pro.

Aside from strengthening the marketing leadership team, Hubilo continues to look ahead by implementing new go-to-market teams created to exceed client demands. In a year, Hubilo’s customers have enabled over 10 million interactions through 50,000 plus virtual sessions. These numbers are expected to increase exponentially through the next year, with Hubilo being utilized throughout the world.

About Hubilo Technologies Inc

Hubilo is the virtual + hybrid event platform built for engagement and event excellence. Hubilo’s mission is to drive engagement – first and foremost – yielding greater business results. With a 24/7 fully dedicated customer success team, the industry’s largest suite of engagement and gamification features, and robust branding capabilities, Hubilo is the architect of the new reality for future events. Led by Founders Vaibhav Jain and Mayank Agarwal, the company is headquartered out of San Francisco, with a base office in Bengaluru in India. Hubilo’s clients include names like Walmart, United Nations, AB InBev, Roche Pharma, Echo, GITEX, and several others across the United States, Europe, APAC, Middle East, and Africa. In less than a year, Hubilo has raised a Seed round of $4.5 million, a Series ‘A’ round of $23.5 million, and Series ‘B’ round of $125 million from leading Venture Capital firms like Alkeon Capital, Lightspeed Venture Partners, Balderton Capital, and Lightspeed India Partners, and several strategic angel investors.

Black Sheep Brewery pours support into grassroots sport to aid growth following the first lockdown

Yorkshire’s own Black Sheep Brewery has announced partnerships with two local Rugby Union clubs – Huddersfield RUFC and Otley RUFC, as part of the brewery’s commitment to supporting grassroots sport.

Black Sheep has committed to supporting local communities and various sports clubs in the region as they continue to recover from the effects of last year’s lockdown.

Black Sheep beer is already pouring at the bars of both clubs, meaning local rugby fans will be able to attend the games and get their hands on a pint of Yorkshire ale, whilst supporting grassroots sport. As well as Black Sheep beer pouring in the clubhouses, the partnership is marked by branded post-protectors at each club’s homeground.

These partnerships are the latest additions to Black Sheep’s numerous collaborations with local sports clubs; earlier this year Black Sheep Brewery also begun a partnership with newly-promoted League Two side Harrogate Town AFC, which saw the brewery develop a limited-edition beer with the club.

Jonny Kirkham, Head of Sales and Marketing at Black Sheep Brewery, commented: “We’re excited to announce yet another partnership with our local sports teams, Otley and Huddersfield.

“Huddersfield RUFC and Otley RUFC are two iconic local rugby union teams with a celebrated history, and we are delighted to hear that fans are already enjoying pints of real Yorkshire ale at the grounds.

“In the wake of the COVID pandemic and the effects of the first lockdown, the growth of grassroots sport was haltered in our area. That is why Black Sheep is staunchly committed to supporting them through these challenging times – by partnering with local teams to grow and develop sports in the region.”

 

Aliens vs. Animals: Man’s best friend wins UK hearts in John Lewis Christmas ads

Throughout a decade of John Lewis Christmas adverts, four-legged friends come out on top for UK social media users

The John Lewis Christmas advert is arguably the most hotly anticipated retail ad of the festive season in the UK, dividing opinions and drawing comparisons with previous years. Social media management and social listening expert, Hootsuite, has delved into the past 11 years of John Lewis Christmas adverts, analysing the Twitterverse to see what the UK really thinks.

‘Buster the Boxer’ knocks out the competition

The 2016 advert featuring Buster the Boxer watching on in envy as foxes, badgers and other wildlife bounced on brand new trampoline brought a huge amount of joy and laughter to viewers, especially when he eventually got to have a bounce himself, ahead of his humans. Examples of the conversation on social include these Trump/Hilary Clinton parody, Time magazine, and Mashable tweets.

Buster the Boxer gained more traction on Twitter than any other John Lewis advert in the 11-year period from 11 October 2011 – 8 December 2021, earning 61,971 mentions, with a higher proportion of those mentions being positive rather than negative.

Buster the Boxer was also the only year where male mentions outweighed female mentions.

Buster the Boxer left this year’s John Lewis advert, An Unexpected Guest, in the dust, with nearly ten times as many mentions on social media, and significantly more positive mentions.

 

Year Ad Mention Volume Positive Negative
2011 The Long Wait 9,254 4,959 1,058
2012 The Journey 17,095 10,376 1,481
2013 The Bear and the Hare 36,136 17,320 3,316
2014 Monty the Penguin 46,724 19,756 3,882
2015 The Man on the Moon 50,122 11,172 4,421
2016 Buster the Boxer 61,971 11,606 4,248
2017 Moz the Monster 31,101 4,597 13,632
2018 The Boy & The Piano 23,705 6,125 1,914
2019 Excitable Edgar 22,893 14,785 1,231
2020 Give A Little Love 11,075 3,872 2,202
2021 An Unexpected Guest 10,466 2,689 2,053

 

Cute and cuddly animals mean more positivity

Through its social listening tool, Hootsuite also tracked sentiment on social media posts over the years. Positive sentiment peaked for 2014’s Monty the Penguin ad, in which a penguin looking for love gets his wish at Christmas, capturing the nation’s hearts (Examples include: Crying from cute and sad, Awww cute, Blubbering into corn flakes).

The Bear and the Hare (2013) and Excitable Edgar (2019) came in at a close second and third in positive sentiment. The data suggests where there is an animal playing the central protagonist, the reception is significantly more positive and well received. The audience seems to react more lovingly when there is a Christmas-only theme that is brought to life through cute and cuddly creatures rather than another agenda being weaved into the story.

Following 2016’s Brexit vote and the US election of Donald Trump, many even called on the John Lewis advert to save 2016 (Save 2016, Brexit reference, 2016 commentary, World needs John Lewis advert).

Brings a tear to the eye

In terms of emotion, 48% of all mentions showed signs of sadness, while 42% showed signs of joy. The mentions of sadness were mainly the audience showing how emotional the ads made them feel, rather than them being sad themselves (Gets me every time, Shed a tear). Two crying emojis were also amongst the top emojis used in mentions about the ads, coming in just after a Christmas tree and a wrapped present.

2015’s Man on the Moon drove the greatest number of sad mentions as a young girl tried to capture the attention of a lonely old man who lived on the moon. This was also accompanied by a cover of Oasis’ Half the World Away which also brought home the tears (So many tears, Crying emoji, Yes it made me cry).

Keep it simple

With the addition of political elements being woven into the ads in recent years, some feel that the ads should just be about Christmas rather than another agenda.

2016 was a peak for John Lewis ads. Leading up to 2016, the adverts gained more and more traction until Buster the Boxer, after which the following five iterations received far fewer mentions. Are viewers growing tired of the John Lewis ads? According to Wikipedia, Buster the Boxer cost £6 million less than the previous year, and The Boy and the Piano, which received a third of Buster the Boxer’s mentions, is rumoured to have cost £5 million alone in fees for Elton John – showing that it isn’t all about the biggest names or budgets.

Next-generation marketplace for used mobile phones launches with success, following $3.8 million in seed funding

Doji, the ‘next-generation’ marketplace that enables consumers to buy and sell used mobile phones, has executed a successful launch following an impressive $3.8 million in seed funding.

Headquartered in London with operations in Birmingham and Sao Paulo, Brazil, Doji was co-founded in January 2020 by three driven entrepreneurs, focused on solving marketplace problems through the power of stock market technology and machine learning.

Recognising that an estimated 225 million used phones were sold globally in 2019 – an annual growth of 9.2% – Doji launched with a mission to become the most convenient, purpose-led, and competitively priced marketplace for used tech products.

Fernando Montera, Co-founder and CEO of Doji, explained: “At Doji, we are building a world class team to provide a platform that will enable everyone to unlock the true value of their tech, through a simplified and convenient process. Our goal is to deliver the fairest possible deal for the buyer and the seller.”

With opportunities to expand into wider categories and new markets, as more consumers focus on reducing their carbon footprint, the Doji founders have ambitions for accelerated expansion.

As such, the initial seed investment – which was led by Brazilian venture capital firm, Canary, together with Norte Ventures, 1289 Capital and several prominent Angels – will now be utilised to strengthen its tech, product, and operations teams, while amplifying its digital presence.

Satyen Fakey, Co-founder of Doji, added: “The global market for used phones has a growth trend of 11.2% CAGR, and is forecast to reach a market size of $30bn by 2024. We plan to further accelerate the addressable market growth of used tech through a frictionless and seamless experience that will engage millions of individuals worldwide.”

Our potential for global growth is, therefore, huge and we are excited to have received early recognition from leading VCs. As a result, we are now in the process of executing our next stage of development, including a heavy focus on customer acquisition, where we forecast a vast percentage will be attributed to the escalating population of environmentally conscious consumers.”

Having finalised a successful BETA stage, Doji has already welcomed 2,000 registered users to its marketplace within 6 months. With an estimated 55 million phones valued at £16.5bn lying dormant across UK homes, the next-generation marketplace plans to accelerate growth month on month throughout 2022.

Divided across India, Brazil, and the UK, Doji currently employs a team of 25 tech specialists.

Omicron consequences UK businesses may face in 2022

The number of consequences of the Omicron variant transpired so far have certainly increased the apprehensiveness amidst a slew of small-to-large scale businesses, as well as institutional investors across the world as the new strain continues to quash the immunity obtained from the double-jabbed Covid-19 vaccination programme. The newly emerged mutation of Covid-19 (SARS-CoV-2) repealing the so-called maximum protection has severely deteriorated the marginal confidence.

Businesses across the world that were not able to resume their operations at the maximum possible scale were eventually looking forward to the next year, 2022, taking a fresh start with adequate staff size and minimal operative hurdles, the move that can accelerate them beyond the pre-Covid level of revenues.

The fresh unrest in the markets, including the cross border trade and disturbed international movement due to heightened border control measures, alongside the mini lockdowns and increased level of pandemic-induced restrictions have furthered the difficulties for enterprises operating in various industries.

Given the increased volatility and uncertainty with regard to the evolving nature of Omicron variant, higher transmissibility and ability to supersede the vaccine-acquired protection, the upcoming course of few quarters is likely to remain patchy for most of the industries, unless the healthcare authorities, along with the prospective vaccine makers and pharmaceutical corporations manage to formulate a meaningful response that can essentially bring down the rate of infections, as well as the vulnerability of people against the fresh strain.

Here are some of the potential consequences of the Omicron variant that can hurt businesses in 2022:

 

Reintroduction of lockdowns

Several countries are continuously examining the evolving course of Omicron variant, the daily rate of infections and the people seeking immediate medical intervention.

Following the sharp increases in the cases associated to the Omicron and previously existing Delta variant, the rate of hospital admissions has also seen a steep rise, effectively burdening the healthcare settings and limited resources to reprioritise the work of already deployed manpower to Covid care patients.

Earlier last month itself, the Austrian government reintroduced the fourth national lockdown after the country reported consequential increases in the cases linked to the Delta variant.

The recent lockdown announcement by the Netherlands government has escalated the jitters as investors and businesses are fearing a similar precautionary action to be taken by other European nations with a focus on the United Kingdom as it crossed 30,000 Omicron infections on Sunday, 19 December.

Nation-wide lockdowns materially restrict the commercial activity in the region, delaying the time of recovery as a large section of businesses still grapple with broken balance sheets and minimal earnings due to curtailed operations for most part of the pandemic era so far.

 

Reciprocatory restrictions

As a bunch of countries look forward to imposing country-wide shutdowns, some economies are contemplating the course of pandemic to reintroduce a set of pandemic-induced restrictions that can essentially help in bringing down the rate of infections.

Not only these curbs, the governments are gradually increasing the border control measures. Following the continuous rise in the cases, the administrations will be left with no option other than to completely restrict the non-essential international travel. A slew of hospitality settings, indoor, as well as outdoor are poised to be affected in the near term as lockdown guidelines will certainly disrupt the operations, as some governments may order such enterprises to completely shut their functions for a certain period of time.

The lockdown restrictions have done no good to any business, barring several sectors including real estate and essential retail. No matter how limited is the scope of restrictions, the overall business environment is likely to be affected in a broader way, effectively paving the way for elongated extended pessimism amidst the market participants.

In order to bolster the precautionary steps taken by the devolved administrations, the Downing Street administration has doubled funding set aside to tackle Covid challenges in the respective geographies. According to the fresh updates, the administrations can spend an additional £860 million to take necessary steps that are required to keep people safe.

Industrial Rents Reach New Highs as the Demand for Space Surges

The first three quarters of 2021 have seen an unprecedented surge in demand for industrial floor space in the Eastern M25 market as the economy recovers from the impacts of the pandemic. Glenny’s latest research on the key market which acts as a major artery into the London economy has shown that demand accelerated to 28.6m sq ft pushing rents to record levels, having reach £30 per sq ft in the key East London market.

John Bell, Head of Business Space at Glenny comments on the latest research and the promising start to this year, “Our latest research has illustrated the important role that the Eastern M25 market is going to play in the ‘opening up of the London economy. There are 9.4m people in Greater London and the Eastern M25 provides a vital link between London and the rest of the world. Goods coming into London Gateway need to be quickly transported to their final destinations.”

Following a relatively slow start to the year, with the economy still in the midst of the third lockdown, the second and third quarters have seen an acceleration in take up with the year to date figure now standing at 5.8m sq ft and the full year figure set to reach 8.0m sq ft for the second successive year.

Bell adds, “We have seen another exceptional year in our region and the latest demand figures point to a continuation of this trend. The demand for space is being boosted by on line shopping but also companies who need to revisit their supply chains in the light of supply shortages as the economy continues to get back to full speed. There is a real need for new supply to be delivered into this market in order to maintain the capital’s economic recovery.”

This point is re enforced by the fact that supply has now returned to levels last seen before the pandemic. Of the total 9.3m sq ft on the market only 1.9m sq ft is in grade A space. What is even more poignant is there are no new Big Box units in the Eastern M25 and demand from this sector of the market now stands at 12.7m sq ft.

Bell concludes that, “The next 12-18 months should see a number of new schemes coming forward providing much needed solutions for larger distribution and logistics operators. This market is severely under supplied, as was evidenced by Made.com’s 387,000 sq ft expansion at London Gateway and Ikea’s acquisition of the 450,000 sq ft Powerhouse in Dartford ahead of completion. There are very few alternatives to providing good routes into the London market.”

Offices

The Eastern M25 office market continued to show signs of recovery as workers returned to the office after the pandemic. Demand for space moved to record levels, with a total of 3.7m sq ft of requirements registered at the end of Q3 2021. Contrary to belief, the major focus of demand has been in the Greater London market, with businesses still looking to locate in London in preference to following the satellite office model approach that gathered traction during the pandemic. Supply, particularly of larger buildings, is focused in the East London and Docklands market and this should act as a major magnet for occupiers.

Somerset entrepreneur celebrates charity expansion on return from Africa

A Somerset-based entrepreneur who runs a charity dedicated to improving the lives of young children in Africa has marked the expansion of the charity’s work with a trip to the continent.

James Alexandroff is the settlor and trustee of the Perivoli Foundation, a UK registered charity that funds a nursery school teacher trainer programme in Sub-Saharan Africa called Perivoli Schools Trust.

“It’s really just Blue Peter on steroids,” says James. “We employ trainers to show the nursery school teachers how to make games and educational activities out of recyclable waste materials. They tend to have no money or training themselves, so this helps them to create play activities at no cost”.

The teachers are shown how to use things like yoghurt cartons, bottle tops, loo rolls, pieces of cardboard, discarded garments and tin cans to make stimulating activities from a toy shop to matching puzzles, counting games and dressing up corners.

James – a Bristol University alumni – established the programme in 2013 starting initially in Namibia and has since helped to train over 10,000 nursery school teachers in Namibia, Malawi and Zambia. The Trust is aiming is to reach up to 200,000 more teachers across nine countries in Sub Saharan Africa over the coming decades – ultimately helping more than 5 million children.

“The core aim of the Perivoli Schools Trust programme is to address very high dropout rates that children face once they reach state-funded primary school,” added James.

“Children who are not stimulated through play in their early years find it very hard to cope with formal education when they reach primary school.

“It is especially challenging for girls, who tend to fall pregnant once they reach puberty at 13 or 14 if they struggle at school.  Studies show that a girl who can read has two children on average, whereas a girl who can’t has five. Our goal says is to get the girls to read before they leave nursery school.”

With the population of many African countries doubling every eight years, the size of the Continent is set to go from 17% of the world’s population today to more than 40% by the end of the century. The Perivoli Schools Trust programme could have important implications for the demographics of the region, as long as it can be scaled fast enough.

The purpose of James’ recent trip was to launch the programme in Botswana and Uganda, which takes the countries covered by the programme to five. It is run in each country entirely by local people and employs over 200 Trainers who interact with 25 nursery school teachers at a time, delivering sixteen training modules over two years. Once a teacher completes the course, they are awarded a Perivoli Certificate in a special graduation ceremony.

James said: “I have visited over a hundred schools across the countries where we work and always find it uplifting to see how thirsty the children are for stimulation and activity. This programme answers their call.

“The only cost we bear is the amounts we pay to the Trainers. In effect, assuming there are thirty children per classroom, this works out at about £3 per child per annum. Given the very positive impact on children’s lives, this is money very well spent.”

The Perivoli Schools Trust works closely with local Ministries of Education to champion the power of early years education, which is underfunded in Africa. The Government of Namibia currently spends USD 1000 per child at primary and secondary level, but only USD 20 at nursery school level.

The programme is funded by a separate Trust called Perivoli Innovations that James established in 2016 to invest in early-stage high-risk technology businesses in the UK and Africa, which have a positive societal impact.

“These countries simply don’t have the resources or the reach, so we are filling in an important gap,” says James.

“But it’s a race against time. We have to hope that with better education, people in countries in Sub-Saharan Africa will make wiser life choices, husband resources more carefully, pick better leaders and crucially attract more investment into more value-adding activities to drive up productivity which is, after all, the driver of standards of living and, up to a certain level of income, happiness.”

James returned to the UK earlier this year – before the Omicron variant of Coronavirus was first detected.

Multiple Turkish lira exchange rates continue to soar

Since mid-November, two currency exchange rates, USDTRY (US Dollar to Turkish Lira) and EURTRY (Euro to Turkish Lira), have consistently featured in AvaTrade’s weekly most rising table. The exchange rates have seen significant price increases in four out of the five past weeks. For example, USDTRY took first place on our most rising table for the weeks commencing 22nd November and 20th December, with EURTRY in second place during those weeks.

“The currency crisis currently plaguing the Turkish lira means that two currency exchanges rates, USDTRY and EURTRY, have continued to perform incredibly well over the course of the past month,” said Naeem Aslam, Chief Market Analyst, AvaTrade. “The Turkish lira, which has been one of the worst performing emerging market currencies throughout the year, has taken a further hit in recent weeks. The Central Bank of the Republic of Turkey (CBRT) has continued to slash interest rates, doing so on a regular basis since the middle of November – and four times in the last two weeks alone, thanks in no small part to pressure from the Turkish president, Recep Tayyip Erdoğan.”

“In fact, the situation is so bad that the central bank has needed to intervene in the market twice in recent weeks, citing ‘unhealthy price formations’ in forex markets, while Lütfi Elvan, the former finance minister, resigned at the beginning of December. Despite all of this, Erdoğan is showing no signs of altering his economic policy, continuing to push for low interest rates, as he tries to reduce borrowing costs in an attempt to stimulate the economy, as well as increase growth and exports. This is despite the fact that inflation is continuing to rise, with the currency itself in free fall,” Mr Aslam added.