ROMA – TAKATSO Kumi, one of the leaders of the National University of Lesotho (NUL) Innovation Hub, has a business that coaches families to hold on to their money or wealth.
He has already coached more than 15 families and his work is gaining steam.
In a fascinating interview, he said “my research revealed that families in Lesotho aren’t learning how to hold on to their wealth and how to pass that wealth to next generations within the family”.
When you sit down with Kumi, a member of the committee that runs the NUL Innovation Hub, you come away with an impression that, well, here is one in two million.
He thinks differently. He does not promise quick fixes to family problems.
Rather, he is devising slow, painful ways to help build families and their wealth in a project that will last generations.
“Family wealth is not just money but a sum total of human, intellectual, financial and environmental capitals. Effective management of these builds strong families,” Kumi said.
As a student of mathematics and physics at the NUL, he had more than a normal interest in figuring out why Lesotho did not seem to pull itself out of poverty.
He interviewed tens of people and penned a famous book, “The Unstoppable Youngsters.”
In it, he explores his interactions with a number of thought leaders across the country.
“They had one thing in common,” he described them.
“They had faith that our youth had a huge potential. They just couldn’t figure out what exactly was holding them back.”
He set out to seek an answer. First he landed in the field of motivational speaking.
“Maybe,” he thought, “people just lacked motivation.”
But he found the approach too simplistic, too theoretical.
“Yes, as a motivational speaker myself, I might be generating my wealth but what about those whom I am motivating?” he asked, “I didn’t see evidence that their lives were changing.”
He had to dig deeper.
“I came across a friend who introduced me to something different—coaching.”
“In coaching,” he said, “you don’t tell people they can succeed by making plans – you plan and walk the path with them.”
His friend told him that coaching is different in that you have to coach your clients in their terms, not your terms, so you need to understand them first.
Immediately, he realised what he really wanted was not teaching people how to make money or wealth but how to hold on to it once it is in.
Even if little, we all already have something anyway, that’s key.
It was at this turning point that he immersed himself into the idea of family coaching. Clearly, family is the smallest unit of a society.
So if he could build families, he could build societies. As he delved deeper, he noted that families were (1) fragmented and (2) could not hold on to their wealth.
An average family, he observed, is quick to spend all that it receives. He observed that wealth-wise, society is structured in the form of a pyramid.
Those at the bottom are many and those at the top are few.
At the bottom, we have those employed by others, then the self-employed above them, then, the business owners, then the investors and then the financiers at the top (banks, insurers, etc).
The closer you are to the bottom, the more inclined you are to pass the money as soon as you receive it. The closer you are to the top, the more likely you are to keep money or wealth.
“In fact those at the top, the financiers, do not only hold on to wealth, they want it back with interest, every time it goes away from them.”
After learning more about and practising the “secrets” employed by those at the top, he was well armed.
“I set out to coach families on those secrets.”
In simple terms, if you are a family, do a few things to keep wealth.
(1) The Financing Game: ensure the money circulates within the family by saving together as a family, by making sure that if money gets out of your savings, it comes back with interest, and by making sure that you invest in family businesses so you can pass the wealth to future generations.
(2) Debt Management: ensure, among other things, that you don’t get bogged down in long-term debt.
The shorter the term of repayment, the less wealth you will lose.
In fact, if families were to create long-term family savings, external debts would not be necessary.
But how do you achieve that in today’s fragmented families?
“We have made lack of family unity our motto,” he said.
“Today’s family members take pride in having nothing in common (a shared economy/wealth) with family members beyond, “this is my brother”, “this is my uncle”, “rea kutelana”.”
“So I also ask those I coach, “if you start a company, you are required to have a company vision, mission and values, but where are the family visions, missions and values?””
“Where is a family constitution to run a family on legal footing, where is the succession plan on how the family wealth will move from one generation to another?”
Although not written down, he says, shared family wealth has always been the way of our forefathers. He then coaches them on creating all these things.
Retracing oral history
ROMA – MOHOSHO Pofane, who is the founder of the NUL Writers’ Club, that seeks to ignite the writing passion in students, is working on his second book after publishing his first one in 2021.
Pofane is a Mosotho man born in Ha-Mokhehle in Teya-Teyaneng, Berea.
He holds a BA in Development Studies and English Language and is currently in the fourth year of his second degree in LLB at the National University of Lesotho.
“My passion for writing started at a very young age,” Pofane says.
“I used to have a small journal while growing up. I would put every thought that came into my mind in that journal as articles,” he says.
“At one time, I submitted my articles to one of the well-known local newspapers for publication, but sadly, they got rejected because I was “too young””.
Although rejection was somewhat painful, this passionate writer says he was not discouraged from writing because, in 2016, he began writing the manuscript for his first book which was published in February 2021 with the tittle ‘Getting Played’.
Its conception was metered with self-doubt coupled with the traumatic effects of the Covid-19 pandemic.
However, amid all that uncertainty, he published a self-help book about dating, selling over 1000 copies on online platforms and thousands of others in bookstores.
How is the reception of the first book from people?
“People love the book: “Getting Played,” literally! I still receive random texts from people who purchased the book to relay how it has helped them with their relationships. I get flushed with triumph whenever I receive such reviews. To contribute to research and literature, to be able to add positivity and value to someone’s life by helping them navigate their relationship.”
We must not hasten to realise that relationships form the essence of interaction. If we have good relations, we automatically become a better society.
Being the founder of the NUL Writers’ Club tells how passionate Pofane is about writing.
No wonder he has already published his second book: “The Identity of Amahlubi – Matebele in Lesotho: Connecting the Pieces” on November 10, 2022.
While the first book was a “Relationship” book, the second one is more of an academic book that can help history enthusiasts.
This ardent writer says he drew inspiration for the second book from Professor Nqosa Mahao’s book titled “Bakhoele: Bafokeng ba ’Mantsukunyane oa Kata-Sefiri”.
“Apart from this book, I am a very prying and inquisitive person,” Pofane says.
“My whole life, I have been trying to establish my cultural identity to have a sense of belonging and be content with who I am,” he says.
“However, my quest was occasionally met with loose endings. It was until I was browsing through social media that I came across a Facebook group of people who called themselves AmaHlubi.”
Pofane says what was ironic about this group was that it was full of Basotho people living in Lesotho.
“It was from that moment that I learned I am a Hlubi.”
He says the group consisted of very kind and loving people who instantly taught him his “Izibongo”, something which he says his great-grandparents failed to teach his elders, including himself, for many years.
Everyone in that Facebook group contributed towards filling any uncertainties within his clan, he says.
Being an inquisitive writer that he is, he decided to conduct thorough research and codify the findings into a book with their help.
The book entails a detailed genealogy of the Matebele/Hlubi clan in Lesotho. It throws some light on the forgotten historical events of the AmaHlubi tribe, who found themselves disgruntled in Lesotho following the capture and arrest of King Langalibalele I.
That is to show that oral traditions can be used to reconstruct the history of non-literate people.
In this book, he shows that although oral prose literature like legends, proverbs and songs has essential historical data, the most critical genre is the Seboko (izibongo) of the kings.
Most writers on the Seboko, like Nqosa L. M., (2011), and Nyembezi C. L., (1948), all agree that the Seboko (izibongo) is significant as a historical document.
The book seeks to be the epoch and reference point for younger and coming generations of readers and researchers by answering the following questions:
l Who are the Hlubi people?
l How did they end up in Lesotho?
l Who was/is their King?
l Why are they called Matebele in Lesotho?
l What is their cultural identity?
Be sure to get your copy of the newly published: “The Identity of Amahlubi – Matebele in Lesotho: Connecting the Pieces” as well as “Getting Played,” here: 5955 5318 and at local bookshops including Lifestyle Books Lesotho among others.
Lesotho’s pocket power app wins in Dubai
ROMA – This app helps raise money online for students who are admitted for post-graduate studies in any university.
It was developed by Thato Rammoko, a National University of Lesotho (NUL) graduate in Computer Science.
This app, which captured tech minds from all over the world in Dubai is called Pocket Power, www.pocketpower.co.ls.
It was among the top 100 tech solutions, beating hundreds of other competitors from all over the world, to make it to Dubai last week.
Rammoko’s work is the first tech project from Lesotho to make it to the top 100 at the Dubai Prototypes for Humanity Expo.
The event was organised by Dubai International Finance Centre (DIFC).
To make a formidable team, Rammoko teamed with joined by Takatso Kumi – one of the leaders of the NUL Innovation Hub.
Kumi is an author and a Family Leadership and Generational Wealth Management Coach who represented the Hub at the event.
What was Rammoko’s idea?
He wanted to improve access to scholarships for students who want to pursue their post-graduate studies abroad.
That is a challenge. The National Manpower Development Secretariat (NDMS) sponsors a handful of such students but that is not enough.
Sometimes it sponsors courses that do not resonate with applicants. Applying for university and getting admission abroad is quite easy.
Getting a scholarship is a mountain to climb since competition is very tight. If one is self-sponsored, currency differences can be huge, making it expensive to try.
Many of us have gone through the experience. For instance, how many of us got admitted for post-graduate studies only to find it impossible to move forward because there was no money?
Rammoko had a personal experience.
“I got admitted to the University of Essex to study Masters in Financial Technology,” he said.
“I applied for a Chevening Scholarship and I got rejected.”
He then told the university he would wait until the following year when he had sorted his finances out. He tried applying again for the same scholarship and he got rejected once more.
Competition was really tight there.
How could he finance his studies if he didn’t have a scholarship? How about from his own pocket? Eureka! That’s when the idea of Pocket Power came to be.
It would act as a crowd-funding project to encourage financing post-graduate education from our pockets when scholarship fails.
“It will be done through encouraging local and international companies to strengthen their Corporate Social Responsibility (CSR) because of the role they can play in giving back to the community,” he said.
Small businesses and individuals who can donate their funds to this initiative can also participate through their philanthropic activities.
Any nation that wants to escalate its rate of development like Dubai would first invest in the education of its citizens.
Pocket Power is here to do exactly that. The project is live albeit in beta stage. The platform has three students currently raising funds.
You can visit www.pocketpower.co.ls and give as little as M100 to one or more students and become a dream maker today.
All the donations are kept in a secure account and paid directly to the academic institutions to protect donors from scammers and chancers.
Donors can also give directly to the pool of funds that will be used to top up active campaigns that need a boost.
So far Pocket Power has collected over M60 000 from over 100 donors from countries like the United States, the United Kingdom, Malta, South Africa and more.
Considering its potential, the project caught the attention of the organisers of Prototypes for Humanity Competition in Dubai.
Dubai is one of the fastest growing seven states of the United Arab Emirates as a global research and innovation centre.
You see this in its spectacular infrastructural designs of the future, unbelievable booming economy, and a global tourist attraction destination place.
How Dubai developed its economy in about two decades is a story for another day.
Our focus now is: What is Prototypes for Humanity Expo and how can you participate in it next year?
If you are a graduate passionate about addressing critical challenges for humanity to advance ideas for positive, social and environmental impact, this could be your turn too.
Your task is simply to apply next year.
The programme, which is done in partnership with Dubai International Finance Centre, brings together trailblazing ideas, projects, and technologies, addressing critical challenges affecting us all, and then awards the best four prototypes covering the four themes at US$25 000 (about M450 000) each that are convened to support the development of real-world solutions for a better world.
It is said to have evolved from the originally design-centric Global Grad Show exhibition.
The themes for this year, although they may change next time, were: Health, Society, Environment and Corporate Solutions.
Energy Research Centre shines
ROMA – THE MSc in Sustainable Energy at the National University of Lesotho (NUL)’s Energy Research Centre (ERC) is only two years old but some are already using it as a model.
The ERC had its first graduates in September 2020, yet its achievements reach far beyond many university post-graduate programmes. It was only in 2019 when the ERC received M800 000 to revamp the young programme, that had hardly run for a year.
The funding was from UK Aid under the project: Transforming Energy Access — Learning Partnership (TEA-LP) managed by the University of Cape Town (UCT). The programme has been revamped and the incumbent cohort of first-year students will do a compulsory module on Energy Entrepreneurship.
This is not all that the current students will enjoy from the TEA-LP project. At the end of every module, a major assignment will be given. For any assignment that addresses energy access, the best performer on the assignment will be awarded a whopping M10 000.
As if this was not enough, at the end of the first semester, at least two students will get M44 000 scholarships for the rest of the year. The award will be based on performance and needs assessment of the prospecting students. The ERC recognises and rewards hard work.
“This confirms our high expectations of everything done by the ERC team,” says Leslie Ashburner, Project Manager, TEA-LP, South Africa.
Second-year research students are not forgotten, not in this programme. Two of the second-year students are recipients of the Southern African Solar Thermal Training & Demonstration Initiative (SOLTRAIN) research grants.
The grants are worth EUR2 100 (about M37 674) for research on the potential analysis of the use of solar thermal energy for the health sector and EUR700 (about M12 558) for analysis of the possibilities of using solar thermal energy in the brewing industry in Lesotho.
The primary aim of the financial support is to stimulate research work by students on solar thermal topics in order to build up knowledge and capacity in the SOLTRAIN partner countries.
These will further enhance cooperation on solar thermal issues between the NUL and SOLTRAIN. The MSc in Sustainable Energy has only had its first graduates this year. The success of the programme has exceeded all expectations, even for the most optimistic.
International energy stakeholders were able to attend during dissertation oral defence of the graduating students … thanks to Covid-19 as these were done online. It was during these presentations that one student caught the attention of a giant Belgian wind power developer, in the name of Hirundo.
Hirundo has since asked ERC to engage its students, under paid work, more like consultancy work, to assess the prospects of selling wind power to Southern African Power Pool (SAPP) — a regional market for trading electricity.
“We were really impressed by the organisation of the event, great time keeping and quality of the presentations” said Hirundo participants.
Well, the success of the ERC is largely due to its dedicated and motivated staff. Earlier this year, we reported that they were the pioneers of the lifeline tariff.
If you have forgotten what a lifeline tariff is, this is the policy that allows electricity consumers to buy the first 30 electricity units of the month at almost 75 cents. This was done to help the poorest of the poor to afford electricity.
The ERC has taken its work further to develop what is called a Pioneer Developer Refund Scheme for the utility company. Ever heard a household saying it owns an electricity transformer because it was the first to bring electricity to the village?
That household is called a Pioneer Developer. And rightfully, it must be compensated for bringing the electricity to the village at high costs. This problem has persisted since the inception of the electricity utility company. But now the ERC has come to the rescue and, soon, people fighting over the ownership of a transformer will be a thing of the past.
Due to the myriad of projects the ERC is both involved in and pursuing, it is the only unit on campus with a dedicated Project Manager. The ERC believes in its products hence it has acquired the services of one of its graduates to be the Project Manager, Matsoso Mothala.
“I honestly don’t know any other university department being so successful,” says Niklas Hayek, Development Consultant — Energy, Education & Climate Change, Germany.
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