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 Reporter June 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

GEORG FORSTER Calls Southampton for the First Time

The CMA CGM Group, one of the world’s leading global containers shipping companies, is pleased to announce that the CMA CGM GEORG FORSTER called England for the first time on July 6th.

Research Vessel Concept a first for Voith

The new fisheries research vessel of the Shanghai Ocean University will be a first for Voith in several respects.   It is the first fisheries research vessel

Ocean Safety’s New Liferaft Facility Opens

Ocean Safety, a specialist in the worldwide supply, distribution, service and hire of marine safety equipment, has opened a new liferaft hire division.   Ocean

Finance

FSL Trust Inks Tanker Contracts

FSL Trust Management Pte. Ltd., as trustee-manager of First Ship Lease Trust announced new time charter agreements for FSL Shanghai, FSL Hamburg and FSL Singapore.

Hercules-2 Officially Launched

MAN Diesel & Turbo, Wärtsilä and Winterthur Gas & Diesel to collaborate on major, EU-funded project.   A major cross-industry initiative led by MAN Diesel & Turbo,

ST Marine Launches First LMV for RSN

Singapore Technologies Marine Ltd (ST Marine), the marine arm of Singapore Technologies Engineering Ltd (ST Engineering), held the Launching ceremony for the first

Energy

ISS Inks Service Pact with Technip

Inchcape Shipping Services (ISS) and Techniphave signed a contract to provide marine agency services and logistics for the Rashid C project in the Middle East. Currently

Hercules-2 Officially Launched

MAN Diesel & Turbo, Wärtsilä and Winterthur Gas & Diesel to collaborate on major, EU-funded project.   A major cross-industry initiative led by MAN Diesel & Turbo,

Viking O&M Secures Rig Contract from a Chinese Firm

Viking Offshore & Marine has secured a 48-month charter for a second land drilling rig system for US$31 million ($41.8 million).   Viking’s subsidiary Viking LR2 will charter the 1,

News

GEORG FORSTER Calls Southampton for the First Time

The CMA CGM Group, one of the world’s leading global containers shipping companies, is pleased to announce that the CMA CGM GEORG FORSTER called England for the first time on July 6th.

Ocean Safety’s New Liferaft Facility Opens

Ocean Safety, a specialist in the worldwide supply, distribution, service and hire of marine safety equipment, has opened a new liferaft hire division.   Ocean

Four Rescued From Burning Boat in Lake Michigan

The Coast Guard and a good Samaritan rescued 4 people after their 20-foot boat caught fire on the Grand River, Sunday. A boat crew from Coast Guard Station

 
 
Maritime Security Maritime Standards Naval Architecture Offshore Oil Pod Propulsion Port Authority Salvage Ship Repair Ship Simulators Sonar
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: 0.1865 sec (5 req/sec)