Investments we make today can influence the extent to which future generations will be able to live within the boundaries of our resources and social systems.
The Child of the Universe Project is an Impact Investment Initiative, aimed at resolving Africa’s Infrastructure Gap in the area of Education, Technology and proximity healthcare.
Impact investing targets a very clear social or environmental outcome that is measurable and transparent.
Developing nations need trillions of dollars a year to tackle issues like food security, climate change risks and basic infrastructure. But foreign investment into these countries dropped by 16% in 2014, to $1.23tn, further widening the $2.5tn gap needed annually to address the most critical areas.
The global challenges are so complex and the size of the funding that’s needed is so large, traditional funding sources like philanthropy are not sufficient to meet it.
Earlier in 2015, after a UN summit in Addis Ababa, Ethiopia, world leaders reached an agreement on how to finance some of the planet’s most pressing development issues.
Impact investing – investments that have a social or environmental benefit while also turning a profit – might be one of the best ways address the financing shortfalls.
Impact Investing has seen tremendous growth in the past two years. There were nearly $7tn in socially responsible investment assets in the US in 2014, a 76% increase over 2012, according to a recent report from the Washington-based nonprofit Forum for Sustainable and Responsible Investment.
A significant portion of this money is going towards helping developing countries, many of which are in Africa. The Child of the Universe Project will need to tap into this large pool of capital in order to achieve its objectives within the next 15 to 20 years.
Each School will have a self-sustainable economic model
The Aim of the Child of the Universe Association is to ensure that each eco‐school develops an income generating economic model which will ensure its long term survival and sustainability. It is important to note that the Project’s main objective is to improve Public Schools Infrastructure and Quality, not to build an alternative Pubic Education System. Each school will already be part of the Public School education System of each country, and registered with the Ministry/Department of Education. School fees are usually subsidized by Government with the participation of Parents Contributions. Many reforms are being implemented on the Government to make Public Primary and Secondary Education free.
Each eco‐School will boost the following economic features
E-Learning and ICT-driven Education: This component will be designed to promote the development of ICT skills, the establishment and creation of E-learning laboratories to provide a range ICT programs, ICT infrastructure, and Internet connectivity, development of an ICT curriculum and learning support materials, exploration and research of e-learning assessment systems for qualifications. An open framework, which accommodates distance, on-the-training, e-learning, telecommunications, teleconference, telecommuting, and face-to-face learning will be devised.
Project components include e-learning laboratories, ICT infrastructure, Internet connectivity, and student development, ICT learning programs and learning support materials, and training for administrators of e-learning centres.
Deliverables consist of e-learning centres, ICT infrastructure, ICT curriculum framework, content, learning and training programs, learning support materials and site staff and students training.
The Child of the Universe Project [COTU] online projects will be specifically directed at promoting economic empowerment, in order to provide functional and educational solutions at market-related prices.
Projects will involve not only the delivery of hardware, software and services, but will also require the integration of hardware, software and services and a certain level of on-site support.
Major partnerships with leading high tech companies is essential to the success of this program, since the projects rely heavily on skills transfer and, of course, training is very much a critical component of this program.
Solar Energy System: A mini roof top or stand alone solar‐park will be build at each school to cover its energy needs. In addition, excess power generated will be sold to the local electrical company in the town, city or region to cover the energy needs of the greater community. This will generate additional income for the school.
Health Center: A Health Center will be built at each school for preventive health care needs. The wider community will also have access to this facility for a fee or a monthly subscription. The revenues will be managed by the School’s treasury to maintain its equipment and pay its personnel.
Continuing Education: The School Facility will offer evening and weekend classes for Adults. These classes will cover basic literacy as well as IT Skills and other useful resources that will benefit the Community. These courses will require a monthly, trimestrial or annual fee. Sports Academy: The eco‐School Sports Center will offer a Gymnasium Facility, Soccer, Basketball, Athletics Classes to the wider community for a fee.