Daily Archives: January 14, 2019

Graduate Management Admission Council Acquires The MBA Tour

Acquisition will leverage GMAC’s data and digital assets to foster more strategic dialogue between business schools and candidates

RESTON, Va., Jan. 14, 2019 (GLOBE NEWSWIRE) — The Graduate Management Admission Council (GMAC), a global association of leading graduate business schools, has acquired The MBA Tour, a well-recognized brand within the graduate management education industry.

The MBA Tour supports business schools’ global recruiting efforts by organizing business education-focused events each year around the world.  GMAC will look to grow The MBA Tour’s core offering, expand into additional markets and explore ways to deepen the interaction between business schools and prospective students in a personalized, data rich manner.

The acquisition is consistent with GMAC’s mission; to build the tools that help business schools and talented individuals discover and evaluate each other. GMAC will add value by integrating its market intelligence and digital assets to create a richer event experience and attract prospective students through comprehensive recruiting solutions that align its data, reach and presence along multiple candidate touchpoints. In addition, GMAC will expand The MBA Tour events into currently underserved markets, bringing easier recruiting access to a new pool of prospective students.  By doing so, GMAC will provide schools with more opportunities to build stronger, more informed, and meaningful connections.  And with more information to guide them, prospective students can make better decisions from the moment they consider a graduate business degree to the time they enter the application phase.

“The acquisition of The MBA Tour is part of an ongoing effort to develop smarter, more innovative ways to help business schools grow their candidate pipeline while providing programs with more intuitive, data-driven solutions to meet their recruiting needs,” said Sangeet Chowfla, president and CEO of GMAC. “Building a robust and diverse pipeline is a critical issue facing business schools around the world, and GMAC recognizes the important role it plays in connecting schools and candidates.”

The MBA Tour, now wholly owned by GMAC, began operation in 1993.  It hosts over 60 business education events each year across 6 continents and connects candidates with business schools from North America, Europe, Asia, Australia and South America.

“The MBA Tour has always been committed to providing the best opportunities for schools to meet qualified candidates”, said Peter von Loesecke, CEO and Managing Director of The MBA Tour.  “GMAC is well-positioned to make these events more compelling for schools and candidates by using their data and scale to better prepare candidates and schools for more meaningful discourse.”

The acquisition was completed on January 10, 2019.

About GMAC
The Graduate Management Admission Council (GMAC) is an association of leading graduate business schools worldwide. Founded in 1953, we are committed to creating solutions for business schools and candidates to better discover, evaluate and connect with each other. We work on behalf of the schools and the graduate management education community, as well as guide candidates on their journey to higher education, to ensure that no talent goes undiscovered.

GMAC provides world-class research, professional development opportunities and assessments for the industry, designed to advance the art and science of admissions. Owned and administered by GMAC, the Graduate Management Admission Test® (GMAT®) is the most widely used graduate business school assessment, recognized by more than 7,000 programs worldwide. Other GMAC assessments include the NMAT by GMAC™ (NMAT®) exam, for entrance into graduate management programs in South Asia, Southern Africa, and the Philippines, and the Executive Assessment (EA), specifically designed for Executive programs around the world.

Our flagship portal for graduate management education resources and information, www.mba.com, receives more than 6 million visitor a year and features the School Search matching tool and Graduate Management Admission Search Service® (GMASS®) database, matching candidates and business schools.

GMAC is a global organization with offices in Hong Kong, China, Gurugram, India, Singapore, London, United Kingdom and the United States. To learn more about our work, please visit www.gmac.com.

Media contact:
Geoffrey Basye, Director of Media Relations, GMAC
+1 (703) 668-9799 or gbasye@gmac.com

Alibaba Conducts Workshop for Rwandan Government Officials on Enabling a Digital Economy

12 delegates from the government of Rwanda participated in four-day workshop at Alibaba’s headquarters in Hangzhou, China to learn about FinTech, logistics, eCommerce and big data technologies

HANGZHOU, China, Jan. 14, 2019 /PRNewswire/ — This week, delegates from the government of Rwanda completed the first New Economy Workshop held at Alibaba Group’s headquarters in Hangzhou. During the four-day workshop, twelve government leaders met with Alibaba executives across multiple businesses to learn about the transformative impact and promise of a new digital economy as well as how to drive economic growth by accelerating digital finance, logistics, e-commerce and big data industries.

The New Economy Workshop program aims to empower participants to use their knowledge to continue supporting the development of Rwanda’s digital economy. Participants included the CEO of Rwanda’s National Agricultural Export Development Board (NAEB), the Rwandan Ambassador to China and representatives from the Ministry of Trade and Industry (MINICOM), Higher Education Council (HEC), Rwanda Utility Regulatory Authority (RURA), Rwanda Information Society Authority (RISA), Rwanda Development Board (RDB), Rwanda Energy Group (REG), and the Ministry of ICT & Innovation (MINICT).

The workshop follows the launch of the first African eWTP (electronic world trade platform) hub in Rwanda witnessed by President Kagame and Alibaba Group Executive Chairman Jack Ma last October. Under the eWTP agreement, the government of Rwanda and Alibaba committed to work together to strengthen the country’s economic development by promoting policy innovation and providing capacity building to empower the growth of Rwanda’s digital economy.

“At Alibaba we have seen first-hand the transformative impact digital technology can have in building an inclusive society. This New Economy Workshop is meant to not only provide capacity building to Rwanda’s policy makers, but also to inspire them to become advocates for Rwanda’s digital transformation and for the country’s technology entrepreneurs,” said Angel Zhao, President of Alibaba’s Globalization Leadership Group.

“The Alibaba ecosystem has enabled millions of people to participate in the global economy and improve their standard of living through the use of technology,” said George William Kayonga, Chief Executive Officer, National Agricultural Export Development Board (NAEB). “I see great opportunity for Rwanda to similarly build a digital economy allowing us to move rapidly up the learning curve using the Alibaba experience as our guide.”

This week’s New Economy training is the latest example of Alibaba’s ongoing commitment to support Rwanda’s economic development:

  • In October 2018, the first African eWTP (electronic world trade platform) hub was launched in Rwanda. Through this partnership, Rwanda and Alibaba work together to enable cross-border trade of Rwandan products to Chinese consumers and facilitate China outbound tourism to Rwanda.
  • In August 2018, fifty lecturers from Rwanda’s top universities attended the first Global E-commerce Talent (GET) Program organized in partnership with the Ministry of Education’s Higher Education Council and the Rwandan Development Board. GET is a five-day course to boost the competencies of Rwandan university teachers and deepen their understanding of the e-commerce industry, so they can train future entrepreneurs.
  • In partnership with UNCTAD, Alibaba Business School is training 1,000 entrepreneurs from emerging markets over five years. Two hundred of those entrepreneurs will come from Africa. Five Rwandan entrepreneurs have already graduated from the eFounders Fellowship program.
  • As part of eWTP collaboration, Alibaba Business School will host the first Alibaba Netpreneur Training program from March 2-13, 2019 for approximately 40 entrepreneurs contributing to digital transformation, who are currently operating in the Rwandan market, or are in the process of expanding to the Rwandan market. For those interested in participating, visit this page for more information and to apply now. Applications are open until January 20, 2019.

For photos, videos, and additional information about Alibaba’s ongoing initiatives across Africa, visit our corporate news site:

About Alibaba Group
Alibaba Group’s mission is to make it easy to do business anywhere, and the company aims to achieve sustainable growth for 102 years. For the fiscal year ended 31 March 2018, the company reported revenues of USD 39.9 billion. For more information, visit Alibaba’s corporate news site Alizila.com.

Photo – https://mma.prnewswire.com/media/807561/Alibaba_Group.jpg

HOME AFFAIRS TO INVESTIGATE TONGAAT CELLPHONE INCIDENT INVOLVING OFFICIALS

The Department of Home Affairs has noted social media posts showing officials seemingly on cellphones while on duty, at the Tongaat office in KwaZulu-Natal. The Department’s policy is quite clear on this matter. The use of cellular phones by front office officials while performing their duties is prohibited.

Officials at front offices are trained to refrain from using such gadgets when they are supposed to be serving citizens and other clients. Accordingly, the Department will investigate the matter, and, as informed by the outcome, appropriate actions will be taken, that may include subjecting the implicated officials to internal disciplinary processes.

We cannot afford acts of this nature at a time when Home Affairs is battling to reduce unbearable queues to which citizens are subjected, and thus the need for an investigation which should really show our commitment to winning the war against queues at our offices, said acting Home Affairs Director-General Thulani Mavuso.

The Acting Director-General has instructed the Provincial Manager for KwaZulu-Natal, Mr Cyril Mncwabe, to visit the office and also to conduct an urgent investigation.

Source: Department of Home Affairs

HOME AFFAIRS TO INVESTIGATE TONGAAT CELLPHONE INCIDENT INVOLVING OFFICIALS

The Department of Home Affairs has noted social media posts showing officials seemingly on cellphones while on duty, at the Tongaat office in KwaZulu-Natal. The Department’s policy is quite clear on this matter. The use of cellular phones by front office officials while performing their duties is prohibited.

Officials at front offices are trained to refrain from using such gadgets when they are supposed to be serving citizens and other clients. Accordingly, the Department will investigate the matter, and, as informed by the outcome, appropriate actions will be taken, that may include subjecting the implicated officials to internal disciplinary processes.

We cannot afford acts of this nature at a time when Home Affairs is battling to reduce unbearable queues to which citizens are subjected, and thus the need for an investigation which should really show our commitment to winning the war against queues at our offices, said acting Home Affairs Director-General Thulani Mavuso.

The Acting Director-General has instructed the Provincial Manager for KwaZulu-Natal, Mr Cyril Mncwabe, to visit the office and also to conduct an urgent investigation.

Source: Department of Home Affairs

Congo’s Neighbors Call for Vote Recount in Troubled Election

KINSHASA Congo’s neighbors are calling for a vote recount in the disputed presidential election and suggesting the formation of a government of national unity to avoid possible instability.

The statements by the southern African and Great Lakes regional blocs put new pressure on the government of outgoing President Joseph Kabila to find a peaceful and transparent solution to a growing electoral crisis in one of Africa’s largest and most mineral-rich nations.

The declared presidential runner-up, Martin Fayulu, filed a court challenge over the weekend demanding a recount, citing figures compiled by the influential Catholic Church’s 40,000 election observers that found he won 61 percent of the vote.

Fayulu accuses Kabila of making a backroom deal to declare as the winner opposition leader Felix Tshisekedi, who came in a distant second according to the Catholic Church’s results. Kabila is suspected of such a deal to protect his vast assets from Fayulu’s anti-corruption efforts. Congo is a major source of the minerals central to smartphones and electric cars worldwide.

Felix Tshisekedi, leader of the Congolese main opposition party, the Union for Democracy and Social Progress who was announced as the winner of the presidential elections, gestures to his supporters in Kinshasa, Democratic Republic of Congo, Jan. 10, 2019.

Kabila met Sunday with the members of his coalition, announcing they would eventually reach out to the newly elected Tshisekedi for “cohabitation” in parliament.

The disparity in the ruling coalition’s results in the presidential and other elections has raised questions in a vote also troubled by the malfunctioning of voting machines, polling stations that opened hours late and the last-minute decision to bar some 1 million voters in two communities affected by a deadly Ebola outbreak.

The Great Lakes statement issued overnight expressed “deep concern” about the various challenges to the official results, and urged Congolese authorities to be more transparent in the interest of the country’s stability.

It followed a similar statement by the influential Southern African Development Community, which has 16 members including regional powers South Africa and Angola and rarely challenges countries’ election results.

The statements by African groups may have more influence with Kabila’s government, which has criticized Western pressure over two years of turbulent election delays as many worried that Kabila was seeking a way to stay in power.

The International Conference on the Great Lakes Regional group includes 11 countries including Angola, Burundi, Congo, Rwanda, Sudan and is led by the president of Congo’s smaller neighbor Republic of Congo.

Fayulu’s opposition coalition welcomed the new regional stance. “It would be dangerous not to support the democratic process,” he said in a Twitter post.

Congo’s 80 million people have been largely peaceful since the Dec. 30 vote but at least a dozen people have been killed in protests. Internet service, cut the day after the vote, remains off.

Source: Voice of America