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MAS Holdings partners with The Wildlife Foundation Kenya – The Island.lk

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Colombo, 30th August 2022: South Asian apparel manufacturer, MAS Holdings (MAS) has partnered with The Wildlife Foundation (TWF), Kenya to conserve 6,250 acres of the Nairobi National Park Wildlife Dispersal Area. In line with the MAS Plan for Change commitment of restoring 25,000 acres of habitat, this unique initiative enables MAS and TWF to collaborate with local landowners to conserve wildlife on community- and privately-owned land.
The project commenced in March 2022, with a land-lease gathering ceremony with the participation of 58 landowners from the Athi-Kaputiei area. The project is an extension of TWF’s ongoing conservancy model, through which TWF leases lands from local owners to promote wildlife conservation and better land use practices. Through this partnership, MAS has been able to expand TWF’s existing conservancy of 5,000 acres to a total coverage of 11,250 acres.
The conservancy model utilizes both monetary and non-monetary incentives to encourage landowners and local communities to keep land unfenced for wildlife and livestock to move freely in the outskirt lands of the park. This is coupled with initiatives to raise awareness on community-based conservation, place community rangers to mitigate human-wildlife conflict, train youth and women on topics such as beekeeping, biogas, and promote the use of technology to innovate solutions for conservation challenges.
Through the conservancy model, which is collaboratively funded by MAS’ strategic business units MAS Intimates and MAS Kreeda, MAS and TWF provide financial incentives to landowners, to keep private lands open and unfenced for wildlife movement. This contributes to reducing human retaliations against lions and other predators as well as supporting to improve the education of the children in the area by providing landowners with lease payments aligned to the start of the children’s school terms.
MAS established its manufacturing facility in Kenya in 2020, through its subsidiary MAS Intimates. Today, MAS Intimates Kenya (EPZ) Ltd is a leading manufacturer and exporter of lingerie and apparel wear to leading markets in the USA, Europe and Asia, and provides job opportunities for 3,200 Kenyans. The lands in the conservancy model are leased from the Machakos and Kajiado counties, where the majority of MAS Intimates Kenya staff reside.

This conservation project not only contributes considerably to MAS’ target of restoring 25,000 acres of habitat but has also created an opportunity for MAS to engage holistically with its local community in Kenya. The group’s sustainability strategy, the MAS Plan for Change, focuses on 12 commitments under three areas of focus of product, lives, and planet, including championing biodiversity and creating thriving communities.MAS and TWF have committed to collaborate on this unique conservancy project for the next five years, with the collective hope of uplifting and empowering the community to help change our planet for good.
About MAS Holdings:
MAS Holdings, the largest apparel tech company in South Asia, is among the most recognized design-to-delivery solution providers in apparel and textile manufacturing. Home to a community of over 118,000 people, today, MAS spans across 17 countries, with established design locations placed in key style centers across the world. Catering to the demands of a dynamic and ever-changing industry, the MAS portfolio has expanded exponentially; into brands, wearable technology, FemTech, start-ups and fabric parks worldwide.
Over 35 years of operations, MAS has gained global recognition for its ethical and sustainable working environment and for the organization’s tireless efforts in social development and women’s empowerment. Product excellence and craftsmanship have placed MAS on the world map as an industry leader, showcasing unfailing delivery in innovative manufacturing and design. Today, the company’s efforts to drive positive impact are outlined in the MAS Plan for Change, a commitment to create sustainable change under three areas of focus: products, lives, and planet. Through these initiatives, MAS aims to inspire all employees to be changemakers, enabling dreams and enriching the fabric of life on our planet.
About The Wildlife Foundation, Kenya: The Wildlife Foundation (TWF) is a registered Kenya Non-Governmental Organization (NGO) established in the year 2000. TWF’s vision is to maintain community-based conservancies that foster peaceful coexistence between humans, livestock and wildlife within the Athi-Kaputiei ecosystem.

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Building on the USAID Administrator Samantha Powers’s recent visit, US Ambassador to Sri Lanka Julie Chung announced recently that the United States, through USAID, would provide an additional estimated $65 million in assistance to Sri Lanka over a five-year period. The assistance falls under the Development Objectives Assistance Agreement (DOAG) signed by Gabriel Grau, Mission Director for USAID Sri Lanka and Maldives and Mahinda Siriwardena, Secretary, Ministry of Finance, Economic Stabilization and National Policies.
This funding is in addition to over $60 million of new humanitarian and fertilizer assistance that Administrator Power announced last week in response to the current economic and political crises in Sri Lanka
In celebration of the start of this new bilateral agreement, Ambassador Julie Chung remarked, “The United States and the American people are proud of our enduring and robust partnership with the people and government of Sri Lanka. We remain fully committed to supporting locally led initiatives to advance a stable, prosperous, and peaceful Sri Lanka – critical to promote a free and open Indo-Pacific in which all nations are connected, prosperous, resilient, and secure.”
Interest rate hikes by central banks around the world could trigger a global recession in 2023, the World Bank has said.Central banks have raised rates “with a degree of synchronicity not seen over the past five decades” to tackle soaring prices, it said.
Raising rates makes borrowing more expensive to try to bring down the pace of price rises. But it also makes loans more costly, which can slow economic growth.The warning from the World Bank comes ahead of monetary policy meetings by the US Federal Reserve and Bank of England, which are expected to increase key interest rates next week.On Thursday, the World Bank said the global economy was in its steepest slowdown following a post-recession recovery since 1970.
It said a study found that “the world’s three largest economies – the US, China and the euro area – have been slowing sharply”.
“Under the circumstances, even a moderate hit to the global economy over the next year could tip it into recession,” it said.
Signs of economic difficulties are already emerging. Last Thursday, delivery giant FedEx warned investors that a sharp and unexpected slowdown in activity, especially in Asia and Europe, would cause revenue to be hundreds of millions of dollars short of forecasts.The firm said it planned to close dozens of offices and reduce service in response to the drop in demand.
In the face of recession risk, the World Bank called on central banks to coordinate their actions and “communicate policy decisions clearly” to “reduce the degree of tightening needed”.
Lanka Hospitals has officially unveiled ‘Maapiya’, an all-new mother and baby care brand and service range. The brand was unveiled at Lanka Hospitals in the presence of its staff and the country’s most well-known Specialists in gynaecology and obstetrics. The new initiative ‘Maapiya’ is designed to offer a wide range of value-added services exclusively for parents-to-be who wish to deliver their babies at Lanka Hospitals with direct accessibility to multiple benefits when utilizing the services in Lanka Hospitals’ Birthing, Paediatric and Fertility Centres.
The exclusive benefits offered under ‘Maapiya’ include a range of discounts, special offers, value-added services and gifts in addition to a unique mother and baby care experience offered by Lanka Hospitals with all modern facilities, sophisticated technology, modern theatres and fully-equipped labour rooms. Lanka Hospitals’ Mother and Baby Care Centre offers the services of the best resident and visiting specialists and a skilled, experienced staff specially trained in mother and baby care.

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Joseph Muongi

Financial.co.ke was founded by Mr. Joseph Muongi Kamau. He holds a Master of Science in Finance, Bachelors of Science in Actuarial Science and a Certificate of proficiencty in insurance. He's also the lead financial consultant.