Afrika Fifty6

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Daily life of this beautiful child now. Since he’s been out of school for not being able to afford his school fees of 6000 schillings equivalent to $2 a year, he now has to break stones which his family will be able to sell to pay for his fees. His life now is one of many kids living in impoverished locations here in Uganda. We supported his efforts and helped him with his fees.

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Processed with VSCO with f2 preset

AfroBeat LA flyer (1)
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Afrika Fifty6 Presents: AfroBeat LA Day Party

AFROBEAT LA

Hosted by Mrs. Dunnie OH! & Lifestyle Artist Ron Bass

Afrobeat LA is a dance party put together by Afrika Fifty6 and its partners, to raise funds for “Project Uganda”. Project Uganda is a mission to provide better living conditions for the children at the “Bless A Child Foundation” in Kampala, Uganda.

Music: DJ Diesel

Dress Code: Fashionable

Tickets: Early Bird tickets are $10 and at the door tickets will be $20 but if you bring any art or school supplies entry will be discounted to $15.
Purchase Tickets

This event will also feature work by Solomon Adufah, a Chicago based Artist who was born in Ghana/West Africa. His discipline of art is portrait based with very vibrant colors. His portrait paintings captures expressions and emotions of his subjects. More importantly, it celebrates culture and tradition through the unique lives of the individuals he uses as subjects.
www.adufahart.com
@solomonadufah

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What does China’s shock yaun devaluation mean for Africa

China’s development decisions are critically important for Africa. In Lagos, Addis and Johannesburg, China’s surprise yuan devaluation has African analysts scratching their heads.

Obviously Chinese goods will be cheaper in Africa, and African exports more expensive in China. So far, this decision is just a tremor, not a quake. Yet why did China devalue, and what is this likely to mean for Africa?

Deborah Brautigam
To understand China’s devaluation, we need to take a step back. Beijing has been trying to manage China’s enormous structural transformation ever since Chinese leaders made their historic decision to move out of poverty by turning to the market in the late 1970s. Their supercharged development model depended on low wages, high levels of foreign and public investment, and rapidly expanding, cheap exports.

Today, China is an upper middle income country with more expensive labor. Their economy is increasingly based on domestic innovation, consumption, and exports of high-tech products. Chinese firms have become significant foreign investors themselves with interests outside China’s borders.

This has been mainly good news for Africa. China’s growing reserves were recycled into large loans for infrastructure finance across Africa. Prices for African commodities rose with Chinese demand, helping underpin a long period of sustained — if unequal – African growth. Trade between Africa and China skyrocketed to $220 billion in 2014, nearly three times the U.S. level. Consumers benefited from low cost cell phones and other goods. On the down side, African manufacturing suffered from the competition with Chinese imports. Critics charge that China’s embrace — like that of other major powers — has not budged African economies away from high dependence on raw material exports.

The devaluation is a step backward in China’s strategy. Chinese authorities had pressing, but short-term political and economic reasons to devalue. Beijing’s policy-makers need to avoid rocking China’s political stability, while still pushing forward with measures that might cause temporary pain as they transform into a high income economy. Slower growth is now necessary, but this needs to be gradual, not dramatic.

What Africa can learn from China

What Africa can learn from China 06:18
In 2015, China’s economy began to slow a bit too rapidly. The Chinese had been using their foreign exchange reserves to prop up the yuan against the challenge of a strong dollar. This pushed their currency to appreciate by 14% over the past twelve months.

The stronger yuan led to a drop in Chinese exports: 8.3% in July alone. That month, China’s factory sector experienced its largest contraction in two years, leading to layoffs. Combined with the recent stock market crash, this was too much change, too quickly.

Last week’s decision allowed the market a greater role in setting the yuan’s value, and it promptly fell. This should lead to a modest export recovery but will do little for the long term goal of continued transformation.

Long-term view
So far, China’s devaluation has been fairly modest — about 4% — but how will this be felt in Africa?

– Prices for African commodities will worsen, then improve. In recent years, China’s slower growth has pushed down prices for gold, crude oil, copper, platinum and iron ore. South Africa’s mining sector was expected to lose over 10,000 jobs due to lower demand.[vi] In response to China’s devaluation, global prices for crude oil and some other African commodities fell further.

These goods have now become more expensive for Chinese buyers using yuan to buy inside China, leading to even lower demand. Yet over the medium term, if growth in China picks up as a result of the devaluation, demand for Africa’s commodities will increase, and prices should recover.

– Africa will import even more from China. Cheaper Chinese exports will please African consumers while putting Africa’s manufacturers at a further disadvantage. There will be more pressure for tariff protections.

South African wine, made for China

South African wine, made for China 06:01
Lower cost steel imported from China will hurt African steel producers, but will benefit other manufacturers who use steel in their products. Chinese tourists will be more likely to vacation at home as African safaris become relatively more expensive.

– China’s African investments will be helped — and hurt. The appreciation of the Chinese yuan had eroded the value of profits from Chinese investments abroad when transmitted back to China and exchanged into yuan. Now, Chinese investors will see their profits from African investments automatically rise (in yuan terms) and this could lead them to expand.

On the other hand, new investors will find that they have to pay more (in yuan) to buy dollars for overseas investments. Furthermore, low wages in Ethiopia and elsewhere had been attracting significant factory investment from China. With costs now relatively lower in China, the push to relocate factories overseas will slow. This will save Chinese jobs, but postpones Africa’s own structural transformation.

In the short term it is hard to see how this devaluation can help Africa, notably its productive and export sectors. But if this step backward works, China will bounce back and Africans will benefit.

Article by by Deborah Brautigam, Special to CNN

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Project Tanzania’s Success

Over the last week, Afrika Fifty6’s founder, Sam Desalu has been in Dar Es Salaam, Tanzania at the Ijango Zaidia Orphanage Center. During his time there, he met with the children and staff at the orphanage, while providing extremely necessary items for sustenance and cultivating great relationships.  On the first day, Sam met the children, all of whom were extremely welcoming and excited to meet him.

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Over the next few days, Sam distributed much-needed school supplies to the children. including pencils, pens, erasers, notebooks, folders, etc. The supplies were collected over the last year through generous donations to Afrika Fifty6. The children were extremely excited to receive their supplies, and will have enough not only for this year, but also for several years going forward.  These donations will greatly impact the children’s organization. This would not be possible without the generosity of those who support Afrika Fifty6, and have supported Project Tanzania over the last year.

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In addition to school supplies, Afrika Fifty6 was also able to  provide the orphanage with opportunities for sustainable growth. This began with a luxury they have not had in a while: meat. Because the price of meat is often high, eating meat is a luxury the orphanage cannot afford to provide to its children. Sam provided enough meat to last the orphanage a month, and also provided the orphanage with goats to breed to provide a sustainable means of having meat over time. This is to ensure that once the month’s supply runs out, the children and staff at the orphanage will still have a way of enjoying meat in the future. In addition to the goats, Sam also built at chicken coop for the orphanage and equipped it with three hens and a rooster to generate income in the future. Because eggs are often pricey in Dar Es Salaam, selling eggs can be a profitable business for the orphanage. The plan is to breed the chickens, and sell eggs to local stores in the area.

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In addition to sustenance items and school supplies, Afrika Fifty6 also received valuable donations to provide the children at the orphanage with even more to enjoy. First, MyVice Sweats clothing line donated t-shirts and more to the children at the orphanage. Furthermore, talented artist John Born donated paintings to the orphanage that will be hung in the orphanage’s common area, where the children do their homework and play.  Last but not least, The Praduc Group generously donated speakers, which the energetic children greatly enjoyed, as they love to dance. These donations were immeasurably appreciated by the orphanage, and brought smiles to the children’s faces.

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The success of Project Tanzania would not have been possible without all of those who support Afrika Fifty6. Thank you to all who attended the Project Tanzania Fundraiser last year, those who donated items for the children, and all those who sent kind words and encouragement. Is is through your support that Afrika Fifty6 is able to assist organizations in great need, raise awareness, and conduct service trips.  Afrika Fifty6 also sends a huge thank you to the children and the staff at the Ijango Zaidia Orphanage Center for their hospitality, positivity, and beautiful spirits.

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For Our Girls of Nigeria Benefit Concert

Friday May 30th 2014 stars from all over Hollywood joined Afrika Fifty6 in raising not only awareness but thousands of dollars to aid the girls of Nigeria.

The legendary Stevie Wonder attended and shared his remarkable voice with the audience. Tyrese’s co-stars from The Fast and the Furious, Vin Diesel and Ludacris also joined in the evenings festivities. Countless starlets walked the red carpet as well.

There was an evening full of performances and good energy, all to promote awareness for an even bigger cause.

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