Caterpillar Invests $11m for Africa’s Prosperity

By Joseph R. Fonseca
Tuesday, August 05, 2014

 

The Caterpillar Foundation, supported by Caterpillar Inc. , continues working to alleviate poverty worldwide, including on the African continent, through a series of investments. Since 2010 alone, corporate social innovation has driven the Caterpillar Foundation to invest $30 million in African programs that address access to clean water, energy, empowering girls and women and microfinance, as well as food and shelter. The Foundation targets investments to organizations working in areas of policy that will enable sustainable growth and development across the continent.

“The Caterpillar Foundation is committed to finding ways to spur vibrant growth in Africa,” said Doug Oberhelman, Caterpillar Chairman & CEO. “Just as it has in other parts of the world, the Foundation is investing to help millions of Africans become economically self-sufficient. The investments announced today will provide essentials – water, energy and opportunity – to help families and communities build and grow.”

ONE Campaign – Advocacy and Public Policy
 

The Caterpillar Foundation is making an initial investment of $5 million with the ONE Campaign to address advocacy and public policy needs and the lack of access to power, which is a key factor in making it more difficult for Africa to lift itself out of poverty. The Caterpillar Foundation plans to announce an additional grant with ONE later this year.

“ONE is incredibly grateful for the Caterpillar Foundation’s investment in our work to help bring reliable supplies of energy to the nearly 600 million people across Africa who presently lack it,” said Michael Elliot, ONE Campaign CEO. “We’re also excited about continuing our partnership with the Foundation to enhance global advocacy and campaigning around the world that inspires citizens to use their voices and take action to end extreme poverty by 2030.”

Charity: water – Water Distribution Pipeline Extension
 

The Caterpillar Foundation is investing nearly $5 million to bring clean water to two countries in Africa through charity: water, whose mission is to bring clean and safe drinking water to every person in the world.

The investment will help fund an extension of a current water distribution pipeline into two underserved countries in Africa: Tanzania and Ethiopia. An extension of this pipeline and the addition of water access points are expected to benefit more than 126,000 Tanzanians and Ethiopians who currently travel long distances to collect water from unsanitary sources.

“Since 2010, charity: water, with the help of the Caterpillar Foundation, has worked to bring clean water to almost 100,000 people throughout Africa and beyond,” said Scott Harrison, charity: water CEO. “charity: water is honored to work with Caterpillar Foundation in such a significant way and looks forward to putting thousands more people on the path to prosperity together.”

United Nations Foundation – Clean Cookstove Initiative
 

As cooking and fuel collection largely remain a woman’s responsibility in many African countries, the health and economic effects of household air pollution from traditional cookstoves disproportionately impact girls and women. The Caterpillar Foundation is investing more than $1 million in energy and cookstoves programs to help address this deadly issue in Ghana, Kenya, Nigeria and Uganda.

Through a United Nations Foundation program, the money will help teach them about the dangers of traditional cooking and the benefits of adopting clean cooking solutions.

“By involving women and girls in the design and sale of clean cookstoves and fuels, we can increase project effectiveness and help scale the adoption of clean cooking products and services around the world,” said Radha Muthiah, executive director of the Global Alliance for Clean Cookstoves. “With the Caterpillar Foundation’s support, we can better integrate women into the value chain and, in doing so, improve the health and well-being of women across Africa.”

A common thread of all three programs is the fact they target the root causes of poverty, which is key to Caterpillar’s corporate social innovation strategy. Moving forward, the Caterpillar Foundation will increase its focus on similar programs throughout the countries of Africa.

Maritime Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter July 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Cenac Marine to Christen New Vessel, Donate Barge

A ceremony will be held July 29 at Cenac Marine Services headquarters in, Houma, La. To commemorate the christening of its newest vessel, M/V Quincey Cenac, as

Concordia Maritime Posts Q2 Profit

Facing a “gradually deteriorating market,” Sweden based tanker shipping company Concordia Maritime said it was able to post a profit in Q2 2016 based on high vessel

Brown Named Bureau Veritas Communications Director

Nick Brown has been appointed Bureau Veritas’ new Communications Director, Marine & Offshore Division, the classification society announced.    Brown will take up the post from November 2,

Finance

Concordia Maritime Posts Q2 Profit

Facing a “gradually deteriorating market,” Sweden based tanker shipping company Concordia Maritime said it was able to post a profit in Q2 2016 based on high vessel

Asia Dry Bulk-Capesize Steady as Owners Spurn Low Rates

Owners anchoring ships rather than fix at low rates. W. Australia-China capesize rates hit over two-month low. Freight rates for large capesize dry cargo ships

Scorpio Bulkers books Net Loss

USA-Monaco based bulk carrier Scorpio Bulkers has reported a loss of $24.7 million in its second quarter of 2016, pushing the carrier's deficit up to $ 83 million.

Energy

Det Norske to Restore Production at Alvheim after Leak

Norwegian oil firm Det norske said it expected to reach full production at its Alvheim FPSO (floating storage, offloading and producing unit) overnight after a leak,

Enterprise to Export First Ethane Cargo from Houston Terminal in August

Enterprise Products Partners on Thursday said the first ship to load ethane for export from its new terminal on the Houston Ship Channel will arrive on Aug. 1,

Damen Presents Decommissioning Vessels Concept

Damen Shipyards Group has announced its latest concept design: the Damen Decommissioning Series. The vessel will specialize in three core areas of the oil and gas

News

Container-on-barge Returns to Baton Rouge

Container-on-barge services have returned to the Port of Greater Baton Rouge to provide the petrochemical industry with another option to move its products.   Operated by SEACOR AMH,

Cenac Marine to Christen New Vessel, Donate Barge

A ceremony will be held July 29 at Cenac Marine Services headquarters in, Houma, La. To commemorate the christening of its newest vessel, M/V Quincey Cenac, as

Enterprise to Export First Ethane Cargo from Houston Terminal in August

Enterprise Products Partners on Thursday said the first ship to load ethane for export from its new terminal on the Houston Ship Channel will arrive on Aug. 1,

 
 
Maritime Contracts Maritime Standards Navigation Offshore Oil Salvage Ship Electronics Ship Repair Shipbuilding / Vessel Construction Sonar Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1116 sec (9 req/sec)