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Hello Paisa records explosive growth, eyes diversification opportunities in Zimbabwe

Category: Money Tools
Published: Sunday, 03 July 2016
Written by Chance Allen

Thats half the standard rate for other alternatives and according to Khamissa, this fee can sustain a scaled remittance service. 

Khamissa believes that Hello Paisa, much like other remittance services providing a solution for an emerging market community that is counting every cent, has to factor in this reality in aspects like pricing.

Other than competitive pricing the Hello Paisa strategy has also included the creation of a wide network of strategic receiving partners. In Zimbabwe, this network has included the postal network Zimpost, the retail bank CABS, TM Stores countrywide and a tie up with mobile money service, Telecash.

Kahmissa says the Telecash partnership has been a strong contributor to Hello Paisas growth locally thanks to the convenience it provides recipients who can access the funds from any mobile money agent. Its also emerged as a preferable channel in the wake of the cash crisis that has gripped Zimbabwe which has positioned digital money tools like mobile wallets.

The Hello Paisa story in all its service markets including Zimbabwe, wont end with just the remittance service, though. Kahmissa believes their startup is geared to provide a gamut of downstream services in fintech which not only tie in with remittances but can tap into other rapid changes taking place in financial services.

Kahmissa believes that through their appreciation of financial services and with the network they are building through cross-border value creation they are geared to provide a gamut of downstream services in fintech

These will not only tie in with remittances but can tap into other rapid changes taking place in financial services.

However, theres still a lot of work that needs to be done especially through collaboration and an appreciation of the competencies that diffrent service providers can bring to the improvement of financial services.



Diocese hosts finance workshop

Category: Money Tools
Published: Thursday, 30 June 2016
Written by Chance Allen

Partnering with Catholic Church Extension Society, the Diocese of Belleville sponsored a workshop called "Money Tools for Presbyters" June 7-8 at the National Shrine of Our Lady of the Snows.

More than 40 priests ministering in the diocese attended, listening to two experts who have presented this workshop to a dozen different dioceses.

Dr. Leslie T. Maiman Jr., is the Chief Operating Officer and Chancellor of the Archdiocese of Anchorage, Alaska; Jennifer Cantrell is a Certified Public Accountant in private  practice in Albuquerque, New Mexico. She does consulting in dioceses and archdioceses in the United States on best practices, parish management, and policies and procedures. She currently chairs the Archdiocesan Finance Council in the Archdiocese of Santa Fe and has been a member for over 20 years.

Not only did priests listen to experts in finances but they also listened to their confreres during the workshop.

"The workshop was designed to support effective pastoral stewardship of today's parish communities," Michael Gibbons, diocesan chief financial officer, said. "The workshop framed financial administration within priestly ministry and supported the pastor as the chief steward of the parish's resources."

Bishop Braxton opened the workshop with prayer and gave participants an overview of what he hoped priests would hear and learn from the two presenters: Leslie T. Maiman Jr., who is COO and Chancellor of the Archdiocese of Anchorage; and Jennifer Cantrell, CPA and Chairperson of the Finance Council for the Archdiocese of Santa Fe, New Mexico.

"Bishop Braxton's opening comments underscored the importance of financial administration and management, focusing on improving financial reporting and transparency of finances at our parishes and schools to avoid potential financial difficulties," Gibbons said.

In addition, "the workshop also covered specific policies and practices of the diocese, designed to avoid misunderstanding and misapplication as well as discussions about the necessary internal control checklists to safeguard the material resources of the parishes," he added.

Some diocesan priests also contributed to the workshop either with a presentation or as part of a panel discussion.

Msgr. Carl Scherrer made a presentation to the group as a "senior pastor."
"As your brother priest, I share with you this morning some personal reflections on what I consider important when it comes to finances in a parish; and some things I think I've learned, most of it from many of you, about this administrative responsibility we have in our pastoral ministry," Msgr. Scherrer said.

He then spoke about parish finances from his vantage point as a pastor.
Later, a group of priests, also designated "senior pastors," hosted a panel discussion. They included: Msgr. David Darin, Msgr. Ken Schaefer, Father Osang Idagbo and Father Gary Gummersheimer.

"I think most of us there wished we'd had the opportunity to participate in such a workshop either in the seminary or shortly after we were ordained. It was ultimately about stewardship of the financial resources entrusted to our care, and how we have an obligation as pastors/administrators to be the 'chief steward' of these resources. It was designed to teach us how to be pro-active to insure that we are taking every possible measure to prevent any embezzlement or misuse of parish funds," Msgr. Scherrer said.



Dubai villa jewellery thieves have jail sentences upheld

Category: Money Tools
Published: Tuesday, 31 May 2016
Written by Chance Allen

DUBAI // Six men who broke into a villa and stole jewellery valued at almost Dh600,000 have had their three-year jail sentences upheld by the Court of Appeal.

In July last year the Chinese men, aged between 24 and 37, broke into the villa in Al Barsha 3.

The villa#x2019;s owner, a 37-year-old Emirati, said he returned home at about 9pm to find his house had been ransacked.

#x201c;The locks were broken, even that of the wardrobe in my bedroom, the Emirati said, adding that valuables worth Dh588,000 had been stolen.

Among the items taken were seven gold bars, one of which was embossed with an image of the UAE#x2019;s Founding President Sheikh Zayed, a diamond set and several small gold necklaces and bracelets.

Four members of the gang were arrested on July 22. Police found gloves, money, tools and metal chains in one of their cars which, when scientific tests indicated they had recently been used with force. Gold jewellery and watches where found by police in another defendant#x2019;s car.

The four men led police to the remaining two members of the gang, who were arrested at their home in Dubai, where police found some of the victim#x2019;s stolen items.

#x201c;During questioning they said that each had his role, four men were responsible for breaking in and stealing the valuables, while the others were drivers, an Emirati police captain said.

In March this year, the men were jailed for three years by Dubai Criminal Court.

Police said the gang had been involved in two other thefts, which are currently being investigated by Al Rashidiya and Bur Dubai police stations.

They will be deported upon completion of their sentences.

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Money, tools stolen from Milbridge lumber business

Category: Money Tools
Published: Friday, 17 June 2016
Written by Chance Allen

MILBRIDGE, Maine -- Local police are asking anyone with information about a burglary at Viking Lumber to contact them.

Two suspects were caught on surveillance cameras at about 2:15 am on May 30, Milbridge police Chief Lewis Pinkham said Wednesday. Both were wearing masks and gloves.

The thieves took money, tools, two STIHL chainsaws, YETI coolers and other items valued at more than $1,500, he said.

"That's what we know of now," Pinkham said. "As with any business burglary, you may not find something missing for quite some time."

Anyone with information is asked to contact Pinkham at the town office, 546-2422, by email at This email address is being protected from spambots. You need JavaScript enabled to view it. or through the Milbridge Police Facebook page. Those with information also can call Washington County communications at 255-8308 and ask to speak with Milbridge police Sgt. Brandon Parker, Pinkham said.



CARSTAR to sponsor 'Best in Class' scholarship program

Category: Money Tools
Published: Sunday, 29 May 2016
Written by Chance Allen

By Mike Davey

Hamilton, Ontario -- May 18, 2016 -- The shortage of skilled tradespeople has a profound impact on the collision repair industry as a whole. For the last few years, Torontos Tropicana Employment Services has been helping to fill the gap with its Autobody and Collision Damage Repairer Pre-apprenticeship program. Repairers and suppliers have helped to support the program almost since its inception. CARSTAR has been one of the programs strongest supporters. Recently, the company has announced it will lend support through a new scholarship initiative.

Were very proud to be presenting a new award on an annual basis to a student the program each year. It will be called the CARSTAR Best in Class award, said Collin Welsh, CARSTARs Regional Development Manager for GTA and Eastern Ontario.

Determining which of the students in a given year is Best in Class will depend on how well they score on certain criteria. The students will be ranked in four areas: grade point average, attendance, interaction and leadership. Each of these criteria will form up to 25 percent of the total score. The last two, interaction and leadership, are subjective marks that will be given out by the students instructors.

Each of the scores in these areas will be added together to come up with a final score out of 100. The student with the highest overall score will receive the CARSTAR Best in Class scholarship at the Tropicana Auto Body graduation ceremony. This years graduation is set to take place on September 1 in Toronto.

Best in Class is a CARSTAR expectation, and its in line with the expectation our stores are measured on and where the bar is set, says Welsh. We designed the student measurement to equal the efforts of a top performing student.

The CARSTAR Best in Class Scholarship will include money, tools and a plaque or trophy to recognize the recipient.

For more information on the program, please visit tropicanaemployment.ca/services/pre-apprenticeship.