Rangers Appoint Ugwu As Interim Head Coach In Place of Ogunbote

first_imgClub legend Benedict Ugwu has been appointed the interim head coach of Rangers International following the departure of Gbenga Ogunbote, who led the Flying Antelopes to a 3rd place finish in the Nigeria Professional Football League (NPFL) Championship playoffs last season.The former Rangers defender, fondly called ‘Surugede’, will take charge of the 7-time NPFL champions till the appointment of a substantive Technical Adviser.“There is no room for any vacuum and Ugwu has shown through his actions and technical contributions that he has what it takes to lead our team on a care-taker basis,” Rangers’ General Manager Davidson Owumi, said.“As a senior national team player, Benedict distinguished himself. As a player of Rangers, he was full of the ‘Never Say Die’ spirit. Even when he took his game oversea, he was a great ambassador of club and country. When he came back, he showed some great stuff with the feeder team. Naturally, it is the belief of management that he has what it takes to guide us before a substantive technical adviser come around.”‘Surugede’ takes over training in Rangers‘Surugede’ came to the limelight with the famous Benue Cement Company (BCC Lions) where he shorn like a million stars to help the Gboko side to a national Challenge Cup title and CAF Cup triumph in 1990, the same year he won the best player award in the country and third best play on the continent.Ugwu, who spent 10 years at the Enugu side, was an integral member of the team that won the national Challenge Cup (now Aiteo FA Cup) in 1983 and 1984 before moving to El-Kanemi Warriors and 3SC where he also excelled before venturing overseas.RelatedNPFL: Rangers Sack Ugwu With Sylvanus Okpala Set To Take OverNovember 25, 2019In “NPFl”Mbwas Mangut Set Top Four Target For Rangers (AUDIO)March 17, 2020In “Featured”NPFL: My Players Adhered To Instructions Against Rangers – Akwa Starlets Coach Esu (AUDIO)November 25, 2019In “NPFl”last_img read more

Vernonell Smith’s skills were on display in N. Muskegon’s stunning upset of Montague

first_img Bestseller The League Mail × Add Comments (Max 320 characters) Thank you! This will help us improve your ad experience. We will try not to show you such ads again. (1862) × DEAL OF THE DAY Not relevant Not relevant Thank you! This will help us improve your ad experience. We will try not to show you such ads again. Inappropriate / Offensive Other Add Comments (Max 320 characters) Thank you! This will help us improve your ad experience. We will try not to show you such ads again. Shop Now Bestseller (8187) Bestseller $3.99 ENDS IN Displayed poorly Report a problem This item is… Not relevant × Thank you! This will help us improve your ad experience. We will try not to show you such ads again. Other Add Comments (Max 320 characters) $0.00 Thank you! This will help us improve your ad experience. We will try not to show you such ads again. DEAL OF THE DAY Inappropriate / Offensive Add Comments (Max 320 characters) NBC Sports Displayed poorly Bestseller Report a problem This item is… Other ENDS IN Displayed poorly $14.99 Add Comments (Max 320 characters) FOX Sports: Stream live NFL, College Footbal… (1461) × By Nate ThompsonLocalSportsJournal.comNORTH MUSKEGON – The first four weeks of North Muskegon’s football season wasn’t what senior running back/safety Vernonell Smith or a lot of fans envisioned.They thought the Norsemen were in store for a breakout season this fall, but after opening  with consecutive losses to Reed City, Whitehall, Oakridge and Ravenna, North Muskegon was staggered. The team could have easily packed it in and quit.Instead, Smith and the Norsemen did the exact opposite.Vernonell Smith, who was at his best in his team’s upset of Montague last week. Photo/Jason GoormanLast Friday, they pulled off the biggest upset in the area this season, stunning previously unbeaten Montague, 14-6. It was North Muskegon’s second straight win, following a 28-6 thrashing of Mason County Central.Suddenly things are looking up for the Norse, and Smith has been a sparkplug in the turnaround.He was at his best against Montague.Playing on the Wildcats’ home field in rainy conditions, Smith gave the Norse a 7-6 lead with a two-yard touchdown run in the second quarter. He set up that score by breaking loose for a 70-yard run.The team’s second score, in the third quarter, came after a bad punt inside the Montague 20 that gave the Norse great field position. They took advantage when quarterback Jesse Cook hit Cameron Waller with an 18-yard touchdown pass.Smith finished the game with 135 yards rushing on 25 attempts. He also was part of a North Muskegon defense that continually turned Montague away from the end zone, despite giving up 283 yards in total offense.“We knew we hadn’t beaten (Montague) in 16 years,” said Smith, a four-year varsity player at North Muskegon. “So it was a huge win. I’d say the biggest in my career. Defensively, we came together as a group. In the red zone, we got a lot of really big stops.“We stuck together and made the big plays when we needed them. And coach (Larry Witham) put us in the right position to win.”All totaled, Smith leads the Norsemen with 473 rushing yards and five touchdowns this season, with a 5.3 yards per carry average. Defensively, he ranks fifth on the squad with 22 tackles, including 15 solo takedowns, and has two interceptions, with one returned for a touchdown.“He’s a kid with a pretty high football IQ,” said Witham, the team’s first-year head coach. “He’s played a lot of football in his days here. He’s a tough kid, too. He’s played through some shoulder and ankle issues. He’s always been a trooper.”The 6-foot-1, 195-pound Smith laughingly says he started out as “chubby and lazy kid,” which explains why he started out playing on the offensive line, and not running back, in Mini Mite youth football.“In Dynamites, I got moved to tight end, then my last year (in youth league), I moved over to running back. That’s what I always wanted to do.” Smith said he developed a passion for the sport from his father, Vernonell Smith Sr., who starred at Whitehall High School as an offensive guard and linebacker. “He passed it on to me,” Smith said. “I’d say that’s where I get my physicality from.”Smith said he’s learned plenty from his father over the years, but a few words of advice he got from his dad stick out the most.“He’s always telling me to keep my head on straight,” Smith began. “Grades come first. Always play within my team. And always give 110 percent.”Those are the type of life lessons that Smith hopes to pass on to the next generation when he achieves is goal of becoming a coach and physical education teacher.He also plans to continue to play football in college and is currently sorting through his options. He’s already visited NAIA school Dordt College in Orange City, Iowa, and has spoken to coaches at Northern Michigan University and Wayne State.With only two wins, North Muskegon would need a lot of luck to sneak into the postseason playoffs. The minimum requirement is six wins, and there are only three games left. But sometimes five-win teams sneak under the wire, and Smith is holding on to hope.“We’re hoping with that Montague win, that might give us enough points to push us in,” he said. The truth is that North Muskegon entered a perfect storm to start this season, with all four of their losses coming on the road to squads that currently boast a combined 19-5 record.“It’s not like we were losing to any average Joes,” Witham said. “It was pretty stiff competition and we were working a lot of kids into a lot of new spots. We kind of figured we may start that way, but I’d say this team finally started to turn the corner in the Ravenna game (a 28-20 loss). That’s when I think the lightbulb started to go off.”The Norse were also adjusting to a new coaching staff early on, as well as new offensive and defensive schemes. They were also alternating a pair of sophomores at the quarterback position – Jesse Cook and Mac Young.But in its two wins since the Ravenna loss, North Muskegon has played turnover-free football and Smith has shined on both sides of the ball. Against Mason County Central, he had 89 yards rushing and a touchdown, and also a 42-yard interception return for a touchdown. “It took some time to run things correctly,” Smith said. “Now, we’re not second-guessing ourselves.” DEAL OF THE DAY Add Comments (Max 320 characters) Report a problem This item is… Displayed poorly × Bestseller Displayed poorly Share Dude Perfect Signature Bow Nerf Sports Bi… ENDS IN Inappropriate / Offensive Franklin Sports MLB Electronic Baseball … Inappropriate / Offensive Not relevantcenter_img Inappropriate / Offensive × Bestseller Thank you! This will help us improve your ad experience. We will try not to show you such ads again. DEAL OF THE DAY Thank you! This will help us improve your ad experience. We will try not to show you such ads again. (124) Report a problem This item is… Not relevant (35539) (22) $59.99 ENDS IN ENDS IN ENDS IN Bestseller Displayed poorly $0.00 Not relevant Displayed poorly Inappropriate / Offensive Report a problem This item is… DEAL OF THE DAY A Warrior’s Heart Not relevant $0.00 DEAL OF THE DAY Inappropriate / Offensive Add Comments (Max 320 characters) × Thank you! This will help us improve your ad experience. We will try not to show you such ads again. Add Comments (Max 320 characters) DEAL OF THE DAY (33138) Shares Other DEAL OF THE DAY Fox Sports Go Range: Why Generalists Triumph in a Special… $15.29$17.99 Bestseller × Other Report a problem This item is… Other Ads by Amazon Report a problem This item is… Other Inappropriate / Offensive ENDS IN $26.86$49.99 Not relevant Report a problem This item is… (1009) Displayed poorly ENDS IN Other Share Ads by Amazonlast_img read more

They robbed the Liverpool midfielder while lifting the championship title

first_imgLiverpool’s Brazilian midfielder – Fabinho, has become another footballer, robbed according to a well-known scheme.Thieves broke into his home as the player celebrated his English title with his teammates. They broke into his home, knowing that the player could not be at home.The euphoria on the streets of Liverpool, on the occasion of the first title for the team in 30 years, was also used.Expensive jewelry and his sports car “Audi RS6” were stolen from the Brazilian’s home. Fortunately, at least the car was found by police hours later.This practice of robbery has become quite common in England in recent years. The thieves use a moment when the victims are playing a match and are certainly not at home.Similarly, the homes of a number of Premier League players were broken into, including several of Fabinho’s teammates playing for champions Liverpool.last_img read more

Serena Williams: Tennis, fashion, and pre-med classes

first_imgIn this image released by Fast Company tennis player Serena Williams participates in a panel discussion during Fast Company’s Innovation Festival, Wednesday, Nov. 11, 2015 in New York. (Laurel Golio/Fast Company via AP)NEW YORK (AP) _ Serena Williams is the top tennis player in the world and an emerging fashion designer. But she still needs something to do in that down time between matches. That’s where the pre-med classes come in.At a panel discussion Wednesday, Williams explained that she’s not necessarily interested in becoming a doctor, but wants to study nutrition, holistic medicine, and healing naturally.“I love the holistic side of medicine,” she said. Besides, she explained, during tournaments she actually has more free time than when she’s not playing. “I like to keep going,” she said. “I don’t like to be still.”At the panel, part of the Fast Company Innovation Festival, Williams was interviewed along with Nike CEO Mike Parker, with whom she works closely. Asked what she’d be doing in 10 years, she quipped: “That’s why Mark and I are so close. Because I’m going to be the CEO.” The audience erupted in applause.But Williams also made it clear that despite all her other activities, she’s not any less motivated by tennis _ even though she never thought she’d be still playing at age 30, let alone now at 34.“I think it’s really important to know what you’re good at _ and I know what I’m good at,” she said. “For me right now … I love being on the court, I love winning titles. So as much as these opportunities come up, and so many things come up, but is it going to interfere with my being the best in the world? If the answer is even close to yes, then I have to say no. I have the rest of my life to figure these things out.”Williams was also asked about the much-discussed incident where she chased down a thief who’d grabbed her cellphone in a restaurant. Asked what she was thinking when she chased the guy down, she said: “I wasn’t, really.”“I just jumped up and I ran,” she said, “and when I got there I thought, `Oh, what am I doing, this could be it!”’ But the thief, professing confusion, handed the phone back from under his sleeve. The next day, she said, her father called and said, `Serena, if you need a phone, I’ll buy you three or four phones! Just please don’t do that again.”’Naturally, Williams was also asked about her recent U.S. Open semifinal loss to Italy’s Roberta Vinci, which derailed her quest for a Grand Slam. What happened, she was asked?“I didn’t win!” she said to laughter. “She played well. I don’t think I played the best I could have …but she played an outstanding match, and that happens sometimes. And unfortunately I didn’t win but I did the best I could. It was what it was, and it was hard to put behind me, but I eventually did.”And, she added with a smile: “I can’t wait to play her again!”last_img

Donor steps in to feed war horses

first_imgBy ANEEKA SIMONIS THE Nar Nar Goon war museum dedicated to honouring the millions of animals who served in overseas…[To read the rest of this story Subscribe or Login to the Gazette Access Pass] Thanks for reading the Pakenham Berwick Gazette. Subscribe or Login to read the rest of this content with the Gazette Digital Access Pass subscription.last_img

Selkirk looks to rebuild athletic program for next season

first_imgBy Bruce Fuhr,The Nelson Daily SportsThe Selkirk College Athletic department is looking to reload after the school had its application for dispensation denied by the British Columbia Colleges’ Athletic Association (BCCAA) Executive earlier this week.“We have to analyse where do we go from here,” Selkirk College Athletic Director Kim Verign told The Nelson Daily. “We have to try to start the rebuilding process right now.”The college wanted the BCCAA executive to allow only the women’s volleyball team to participate during the 2010-11 season after it was realized that the men’s team could not fulfill its league requirements as some of the men’s student athletes could not fully commit to the league schedule. However, the request was denied due to the fact that league schedules are based on both genders traveling and competing at the same time. “The program is not completely gone,” Verigin explains. “We’re now going to play a season of exhibition to get back on our feet and establish what we do in the future.”Verigin said the men’s team was down to six committed players, which was the reason for the sudden appeal to the BCCAA executive.There was a time when the Saints volleyball program was considered one of the powers in the BCCAA.During a three-year cycle Selkirk won three consecutive Totem Conference titles (the name of the league) in 1989, 90 and 91. Selkirk also fielded teams in soccer, basketball and hockey.However, interest declined forcing the school to withdraw from the BCCAA.In 2006, the volleyball program was resurrected. The teams played a season of exhibition games before re-applying, and being accepted, into the BCCAA the following season.But according to Verigin, Selkirk saw a mass exodus of players from last year’s men’s squad, mostly due to graduation and students moving on to further schooling at another institution.Combined with a lack of varsity teams playing at the West Kootenay high school level, Selkirk now has a much smaller number of volleyball players to draw on playing in Castlegar.“Absolutely,” exclaimed Verigin when about his concerns regarding the sport at the high school level. “The graduating class form this past year’s senior volleyball is very low in numbers and that significantly reduces our recruiting from the area.”Joe Moreira, former coach of the women’s program at Selkirk College, believes low numbers is not the only concern.“In my three years as the Selkirk College women’s coach I came to the disappointing realization that it was a huge task to keep local players at home and to recruit player from other areas of our region,” he said. “I considered this to me my own personal experience and challenge and believed that (men’s coach) Mike Perra would have more success.”The bulk recruits at Selkirk generally come from West Kootenay schools, but Saints’ coaches also finds players from outside the region.Another hurdle facing Selkirk is the fact that some schools in the BCCAA, like UBC/O in Kelowna, are preparing to enter the CIS (Canadian Interuniversity Sport).To make a smooth transition to the CIS, alumni are shelling massive amounts of money into programs to hire full time coaches and recruiters to ensure the best players in the province come to play.The only team remaining at Selkirk playing provincially is men’s hockey, which toils in the B.C. Intercollegiate Hockey League.sports@thenelsondaily.comlast_img read more

Paul Ridings Receives Southland Conference’s Louis Bonnette Sports Media Award

first_imgRidings, a graduate of Texas Christian University, began his sports information career in 1971 at Trinity University, which was a member of the Southland at the time. In 1976, he became the public relations director for the Dallas Tornado, a member of the North American Soccer League. He returned to college athletics in 1980 as the associate sports information director at SMU. In 1988, he became assistant athletic director at Southern Utah State before starting his tenure at Sam Houston in July 1989. The Southland’s award, named after longtime McNeese State sports information director Louis Bonnette, is presented annually to an individual that has made an outstanding contribution in the field of sports information, print journalism, broadcasting or other media focused on the Southland Conference and/or its member institutions. The Southland’s sports information directors, athletic directors or other university personnel, and outside media executives nominated worthy individuals for the honor, and the sports information directors made the final selection. Ridings, who serves as the sports information representative on the Southland Conference Advisory Council, has been at Sam Houston for 24 years, making him the second-longest tenured SID in the league. In the last 10 years, he has headed up publicity efforts for 30 conference championship teams, a pair of FCS National Championship appearances, two NCAA basketball tournament appearances and five NCAA baseball regionals. “The Southland Conference is honored to present the Louis Bonnette Sports Media Award to Paul Ridings, a very deserving recipient,” Southland Commissioner Tom Burnett said.  “It’s difficult to think of another candidate that has served the Conference and his institution better than Paul has.  He’s been a great friend to so many of us, and his professionalism during his career has been unmatched.” Ridings is the third recipient of the award. Longtime Southeast Texas sports journalist and retired Lamar sports information director Rush Wood received the award in 2013 while Bonnette was the first recipient of the award in 2012. Bonnette enjoyed a storied career as the first McNeese State SID, holding the position for 46 years. As SID, he boasted a national record of 516 consecutive Cowboy football games worked. He was inducted into the Southland Conference Hall of Honor in 2007 and the College Sports Information Directors of America Hall of Fame in 2009. He has also been honored numerous times by the Louisiana Sports Writers Association, who recognized Bonnette with its prestigious Mac Russo (1995) and Distinguished Service in Sports Journalism (2002) awards. “Paul Ridings is a great representation of Sam Houston State and the Southland Conference,” said Sam Houston State Athletic Director Bobby Williams. “He is very deserving of this recognition due to his service and professional leadership to the university and the league.” FRISCO, Texas – Longtime Sam Houston State sports information director Paul Ridings has been named the 2014 recipient of the Southland Conference’s Louis Bonnette Sports Media Award. The honor will be presented during the Southland’s Football Media Day luncheon July 23 at L’auberge Resort in Lake Charles, La. The Fort Worth, Texas, native is a third generation public relations practitioner. His grandfather, J. Willard Ridings, who founded the journalism department at TCU, was a charter member of the College Sports Information Directors of America Hall of Fame, while his father, Paul Ridings, Sr., also worked in sports information before running his own public relations firm for more than 30 years in Fort Worth.last_img read more

United Way: Local campaigns squeezed as donations fall short of growing needs

first_imgAs Southwestern Ontarians grapple with financial challenges, United Way campaigns across the region report a growing — even desperate — need for the programs they support as their yearly fundraising drives kick in.Adding to the urgency, the agencies say, is uncertainty about the future of some provincially funded social programs with a cost-cutting Progressive Conservative government in power, and the fact that requests for help in their communities are greater than the dollars raised.After a federal election in which housing affordability and child poverty loomed large as issues, the United Way campaigns — the region’s largest community fundraisers — say they’re witnessing the fallout first-hand.Many of the issues are inextricably linked, an often overwhelming tangle of systemic poverty, addiction and mental illness, says Tricia Weese, a Uniway campaign leader in Chatham-Kent.In Southwestern Ontario, those issues are added to the number of children — roughly one in five — living in poverty. Two London ridings, London–Fanshawe and London North Centre, have among the highest child poverty rates in Southwestern Ontario, eclipsed only by Windsor West, which has one of the highest rates in Canada, a coalition of 120 anti-poverty groups recently reported.Story continues belowThis advertisement has not loaded yet,but your article continues below.“We’re seeing a more visible representation of that,” said Kelly Ziegner, president and chief executive of the United Way Elgin Middlesex, the region’s largest Uniway chapter, which distributed $7 million last year to programs in the region.“That really has elevated the awareness of that issue in our community.”The growing housing crisis — a scarcity of affordable units in the region, coupled with soaring rents that have put apartments beyond reach of many — only has worsened things, said Kelly Gilson, executive director of United Way Oxford.“For many families and individuals that are marginalized or that are struggling with things like mental health and addictions . . . the situations are actually in many cases more dire,” Gilson said.As basic household costs become tougher for some families to manage, the results ripple out, Weese said. If rent is a struggle, for example, healthy eating might not be possible.Calling area needs “urgent,” Ziegner pointed to London For All, an ambitious poverty-reduction strategy led by the United Way. Instead of dealing with problems such as food security and housing affordability in isolation, the plan takes a wider approach by “getting all the right players at the table” to work on each recommendation.Many people seek out help for immediate needs, like a hot meal, but Ziegner said “the long game” is critical when dealing with both the scope of the issues contributing to area poverty and how intertwined they are.“It’s about building resilience with individuals and families more broadly,”said Ziegner. “To ensure communities are removing barriers to employment . . . If people have access to transportation to get them to the job. If people have access to affordable child care, so that they can work and provide for their families, and build a sustainable income.”A community approach to tackling poverty is key, Gilson agreed. She said addressing stigma surrounding poverty and its causes, bringing volunteers together and improving services are key.“All of those pieces will go a long way towards keeping that safety fabric — that social service fabric — alive and well in our communities,” she said. “We continue to reach out, to work with other partners, to focus our investments where we know we can have a meaningful impact.”Many of the region’s United Ways, which provide funding for community-based charities, have a “cradle-to-career” focus, providing support for programs that help impoverished children progress, Weese said. Giving kids added supports, such as after-school and healthy food programs, can help break the cycle of poverty, she said.“The need is definitely out there. There’s just not the government funding that there has been in years past,” Weese said. “These programs, some of them solely rely on a good chunk of their operating budget from United Way.”With growing uncertainty about Ontario funding for a raft of social programs, despite recent reversals by Doug Ford’s Tories, municipalities and area not-for-profit agencies are shouldering more of the burden.For the Uniway campaigns, the crunch comes in the gap between what’s raised and what agencies that rely on United Way funding request. In Chatham-Kent, for example, there is only $1 of funding available for every $4 in requests.In response, many area United Ways are changing gear, shifting focus from fundraising goals to “needs” targets, while trying to raise awareness about issues such as homelessness and poverty.tterfloth@postmedia.comTwitter.com/DailyNewsTTDID YOU KNOW?Two United Ways in the region — serving Oxford and Elgin and Middlesex counties — no longer publish financial targets for their fundraising campaigns. Instead, both focus on raising awareness about poverty. In Sarnia–Lambton, the traditional fundraising goal has been supplanted by a $1.9-million “needs target” — the minimum needed to support existing programs. In Chatham–Kent, for the first time in Southwestern Ontario, a company, the real estate brokerage Advanced Realty Solutions, is chairing the annual United Way campaign. The approach is a way to “share responsibilities” among staff, many of whom have been involved in past campaigns. London–Fanshawe and London North Centre, respectively, have the 15th and 23rd highest rates of low-income children among Ontario’s 121 federal ridings and rank among the bottom 16 per cent of ridings in the entire country, according to Campaign 2000, a national anti-poverty coalition. 2019 UNITED WAY GOALSFundraising targets this year versus last (in brackets)Chatham-Kent: $1.5M ($1.565M)Elgin-Middlesex: No target announcedOxford: No target announced ($1.227M)Perth-Huron: $1.63M ($1.45M)Sarnia-Lambton: $1.9M ($1.969M)last_img read more

Additional Closings Occuring at Disney’s Hollywood Studios

first_imgShare This!©Rikki NiblettSo, in my earlier article today, I mentioned how Lights, Motors, Action! Extreme Stunt Show was closing, as well as a few other things on the Streets of America. At the time, I was unaware of what would be removed, but according to the Orlando Sentinel, it’s actually quite a list of attractions that will no longer be available for Guests to experience beginning April 2.In addition to the stunt show, the Earful Tower, a staple and icon for the park, will be removed. (Though no official dates has been announced for the removal of the park’s landmark.)Other attractions that are closing on April 2 will be the Honey I Shrunk The Kids Movie Set Adventure (which needed to go, a minimum of 10 years ago) and the Monsters Inc. meet and greet. Also slated to close will be the Studios Catering Co., a counter service restaurant found in the back of the park.Again, as I mentioned before, I am sure that more news will be coming out here soon about other closures and removals as we move toward expansion of the park, so I’ll make sure to keep you posted!last_img read more

Investing in a clean future

first_imgEnvironmental affairs are the core priority of the newly-launched Evolution Oneprivate equity fund. (Image: Rodger Bosch,MediaClub South Africa. For more photos,visit the image library.)Janine ErasmusEvolution One, a new 10-year private equity fund launched by Cape Town-based investment management company Inspired Evolution, aims to raise R1-billion ($120-million) for the development of technology for clean energy generation, water purification and waste management in South Africa.Evolution One intends to have its R1-billion capital in place by mid-2009. Inspired Evolution’s executive director Christopher Clarke expressed confidence that the fund would reach this target, and added that a follow-up fund would be started in three to four years.Evolution One is said to be South Africa’s first investment fund devoted solely to green technology, and plans to make between 10 and 15 investments over the next three to five years, all centred on environmental issues. Investments in the Southern African Development Community will receive priority, and reports say that 75% of the capital will be invested in South Africa with the rest spread around countries such as Lesotho, Angola, Swaziland, Zambia and Mozambique.To date the fund has received some R400-million ($46-million) in backing from the Swiss Investment fund for Emerging Markets, the Finnish Fund for Industrial Cooperation, Castleway Properties (part of the Tchenguiz Family Trust, headed by property tycoon Vincent Tchenguiz), and the World Bank’s International Finance Corporation.Global investment in clean technology is predicted to soar to over $226-billion by 2016, mostly from funds raised by private equity and venture capital. In 2007 alone it is estimated that $150-billion was invested in the green technology sector, excluding Africa and Latin America.Evolution One has identified a number of focus areas for investment, including clean energy generation and energy efficiency; cleaner production technologies and processes; air quality and emissions control; water quality and management; waste management; agribusiness and forestry; natural products, organics and natural health; and sustainable buildings and environmental real estate.Inspired Evolution has announced that it is currently in the process of seeking a second round of international and local investors.Technology for a clean environmentThe International Finance Corporation’s director for private equity funds Haydee Celaya said the investment into Evolution One falls in line with the World Bank’s strategy to back technologies that address environmental issues and to ensure that the projects it supports embody principles of environmental sustainability..“This demonstrates our commitment to being a leader in the clean energy and climate change sectors,” Celaya said, “and to providing support to smaller businesses that are not likely to receive funding from mainstream private equity groups.”A report from Times Online says that the World Bank is dipping into profits from the arms industry, raised from lucrative deals struck between European and American defence companies and emerging economies, to fund its Evolution One backing.The organisation is taking advantage of a system known as off-set, which is a feature of most large-scale global defence contracts. Up to 6% of the value of a deal with a foreign government is added to the base price and used to invest in education or health, but lately the trend has been for governments to use the off-set payment to develop green technologies.Around the table with EskomEvolution One has wasted no time in embarking on a round of talks with Eskom, South Africa’s national power supplier and the largest electricity utility in Africa.Eskom generates almost 90% of its power from coal and in its 2008 annual report, released in September, it states that its greenhouse gas emissions had increased from 208.9 million tons in 2007 to 223.6 million tons in 2008. The report covers the period from March 2007 to March 2008.Eskom also mentioned in the report that it planned to reduce the amount of electricity generated from coal to 70% in the next 20 years.Clarke said talks are focused on alternative power supply projects. “We’ve had discussions with some of Eskom’s treasury members on how to finance alternative forms of energy,” he said, “particularly the concentrated solar power plants that they’re looking to set up, and co-generation and solar thermal [projects].”Cutting down on greenhouse gasesA new initiative to develop a South African carbon dioxide storage atlas was announced in October 2008. The project is supported by petrochemical producer Sasol, Eskom, mining house Anglo American, and the Petroleum, Oil and Gas Corporation of South Africa, PetroSA.South Africa is a major global culprit in the emission of greenhouse gases, emitting about 400-million tons of carbon dioxide (CO2) every year. This is about 1% of the global total. The new environmentally-friendly scheme will entail capturing CO2 as it emerges from industrial flues, then compressing it under intense pressure to a liquid and injecting it into suitable geological formations such as coal seams or spent oil and gas fields.Experts have already identified potentially suitable areas from preliminary studies. The Karoo Basin has been named, as have the depleted oil and gas structures in the Mossel Bay area. An initial assessment is on the cards for publication by April 2010.Related storiesDarling wind farmUseful linksEvolution OneInspired EvolutionSouthern African Development Community PetroSAInternational Finance CorporationDepartment of Environmental Affairs and Tourismlast_img read more