Africa's 10th Richest Man Still Waiting To Buy A Greek Island To House Refugees

29 Νοε 2015

Back in September Egyptian billionaire Naguib Sawiris took to Twitter to propose buying an island from Greece or Italy to house migrants and refugees. The tweet went viral and his proposal received such a positive response that Sawiris, Africa’s 10th richest man with a fortune of $3 billion, announced plans in September to receive public donations for the project by establishing a joint-stock company with $100 million in capital.


   The billionaire seems more optimistic about moving forward with the plan to buy an island, according to a Nov. 18 email from Sawiris’ spokesperson. “But due to the delicacy of the issue he has not disclosed specific reasons for his optimism.”
   The net of islands he’s considering buying has widened since Sawiris’ September announcement that he’d identified two private islands. According to the spokesperson, he’s now studying the potential of 17 Greek islands to determine which can accommodate the highest number of refugees and has “highest potential for future use.”
   Sawiris is still awaiting Greek government approval to purchase an island, which he said he would name Aylan Island to honor the 3-year old Syrian boy whose drowned body was washed up in a Turkish beach. (Pictures of the boy were featured online and in newspapers around the world.) Neither the Greek government nor the UN Refugee Agency have responded to FORBES’ request for comment.
   In mid-September Sawiris stated that he’d created a team dedicated to organizing volunteers into areas of expertise so they’re ready to start contributing to the project when the work of transporting and housing refugees begins. He also explained the concept of a joint-stock company.
   “Establishing a legal entity will allow us to accept donations in a legitimate way, as anyone who will donate will get shares in the company, thus becoming a partner in the island and in the project,” reads the announcement. “This way, any money put in will not be completely lost, as the asset (the island) will remain.”
   Sawiris runs Orascom Telecom Media & Technology (OTMT), a joint-stock company, incorporated and registered in Egypt with investments in mobile phone, media and technology companies in Egypt, Lebanon and Pakistan. His brother, Nassef, is also a billionaire. Their father, Onsi Sawiris founded Orascom as a family business and Naguib joined the business in 1979.
   According to his spokesperson, Sawiris will not create the joint-stock company or begin accepting donations until he gets government approval to acquire the island. The concept of a joint-stock company has raised some eyebrows.
   “The idea of creating a joint-stock company for a charitable purpose is very strange, if not bizarre,” said Melissa Berman, president and CEO of Rockefeller Philanthropy Advisors.”In other circumstances like this people create a charitable trust or charitable organization, then if the original purpose isn’t workable you use those resources for a nonprofit purpose.”
   Meanwhile, a couple of other billionaires have also found ways to support refugees. In September, Norwegian billionaire Petter Stordalen donated 5,000 free nights to refugees in his hotel chain outside Oslo. He also made a donation to UNICEF. In May, Turkish billionaire Hamdi Ulukaya founded The Tent Foundation to aid refugees. He’s said that he’s been hiring refugees to work in his Chobani greek yogurt plants for the past five years.
   According to the UN there are more than 4.2 million refugees in need of a safe haven, the biggest displacement of people the world’s experienced since World War II. Of those, 127,681 refugees have registered in Egypt where the UN is seeking to raise $189,581,596 to fund health, education and livelihood programs. So far 27% of the UN’s appeal has been met. The best way for a billionaire to aid refugees right now is to provide funding so refugees have food and warm shelters in their host country, according to a representative for the UNHCR, the UN Refugee Agency.
Πηγή: forbes.com
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