Cape Town’s victory Saturday, so much more than winning a game

Princess Charlene and the first aid and water safety session for the South African exchange pupils at Charles III on Friday March 17. Photo: Eric Mathon/Palais Princier
Princess Charlene and the first aid and water safety session for the South African exchange pupils at Charles III on Friday March 17. Photo: Eric Mathon/Palais Princier

I decided to drop by Stade Louis II on Saturday afternoon to catch a glimpse of the action at the Sainte Devote Rugby Tournament, as organised for the last seven years by the Monegasque Rugby Federation in collaboration with the Princess Charlene of Monaco Foundation. I coordinated my arrival with the start of Tots Rugby, a free workshop for children ages 3 to 5, thinking I could take some playful snaps.

I left four hours later.

What I learned in those hours is that the Sainte Devote Rugby Tournament is about so much more than rugby. Alongside the fourteen teams in the U12-category – from Europe, Africa, Russia and the UAE – playing across the day in hope of reaching the playoffs, part of the stadium track was used for a rugby workshop for Special Olympics Monaco.

There was also the Tots Rugby, with volunteers teaching various exercises to a scattering of little players that involved some hand and ball coordination, at least for the kids who didn’t run away.

The values of rugby and the Sainte Devote tournament go beyond physical aspects. The Princess Charlene of Monaco Foundation tries to instil team spirit and the notions of solidarity, respect and fair play. It was apparent.

When I walked out on the field, Cape Town had just secured a spot in the finals. The twelve underprivileged boys, age 12, that make up the team from South Africa had been invited to the Principality from March 14 to 20, as part of the “South Africa-Monaco Rugby Exchange”, one of the Princess Charlene of Monaco Foundation’s flagship projects in its Sport & Education programme, in partnership with the South African Rugby Legends Association (SARLA).

In turn, a Monegasque team will travel to Durban in South Africa in July 2017.

Gavin Varejes started Rugby Legends sixteen years ago, and is also part of the Princess Charlene of Monaco Foundation South Africa. He told Monaco Life, “Bringing the kids once a year to Monaco, and participating in the Sainte Devote tournament is wonderful. Some of the kids have never been in a motorcar before, and to put them on an airplane, and bring them to Monaco where they get such an amazing reception from Princess Charlene and Prince Albert, and their families, is absolutely life changing for them.

“These are memories that stay with the boys forever. This has been the most uplifting programme for the kids we’ve brought over the last two years.”

Outside of the Sainte Devote tournament, the young athletes from South Africa and their counterparts from the Principality participate in school and activities providing mutual enrichment through their cultural differences.

They practiced with the Toulon rugby team earlier in the week, which was a real thrill for the boys, many of who dream of playing professionally one day for the South African national team, the Springboks, and becoming the next Bryan Habana, one of country’s greatest ever rugby players, currently playing for Toulon..

Princess Charlene and the first aid and water safety session for the South African exchange pupils at Charles III on Friday March 17. Photo: Eric Mathon/Palais Princier
Princess Charlene and the first aid and water safety session for the South African exchange pupils at Charles III on Friday March 17. Photo: Eric Mathon/Palais Princier

And on Friday morning, they had the special privilege of a first aid and water safety session from Princess Charlene at Charles III pool.

I hang out in the bleachers with the team before the big match at 5 pm. They tell me how cool it was to meet the Princess, and try to teach me Afrikaans. It’s as foreign as Quebecois French to me.

They talk about taking a plane (some were nervous, but others said it was really nice) and, as they munched away on baguette sandwiches and Mars bars, they tell me about their siblings back home who wanted to come with them to Monaco.

Polite, friendly, happy … it was hard to imagine these kids coming from villages without electricity or the impoverished surroundings as described to me by some of the SARLA team.

I am reminded about Princess Charlene’s Foundation and its initiative to promote water safety. I presumed incorrectly that the Princess chose this cause because she was living in Monaco and close to the Mediterranean. It was only recently that I learned it’s to educate children in South Africa, and worldwide, who don’t know how to swim. And the story to illustrate this was that of women washing their clothes at the river, kids in tow, when there’s suddenly a flood and the children drown because they’ve never been in water and cannot swim.

This is a world away from where we live.

At 5 o’clock, the boys are back on the field against Lausanne. Ten minutes later they are victorious with a score of 5-0. They are jubilant; they are gracious, immediately shaking hands with the opposing team.

SARLA and the coaches are clearly emotional, too. A fine example of tears of joy. The trophy – “la Coupe de HSH Prince Sovereign” – is presented by Princess Charlene’s brother, Gareth Wittstock, who has indefatigably entertained the Cape Town team and crew since their arrival.

“These kids take home hope and dreams, know things are achievable,” Mr Varejes explained. “And they learn ‘Don’t ever give up on yourself or your friends’.

“This is what rugby does. Rugby is the most incredible sport for uniting people and playing as a team on and off the field. This experience teaches them to believe in themselves.”

Article first published March 20, 2017.

Photo: Eric Mathon/Palais Princier
Prince Albert and Princess Charlene with Cape Town at Ste Devote Tournament. Photo: Eric Mathon/Palais Princier
Photo: Eric Mathon/Palais Princier
South Africa Monaco Rugby Exchange teams. Photo: Eric Mathon/Palais Princier
Photo: Eric Mathon/Palais Princier
Photo: Eric Mathon/Palais Princier

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Monaco Brazil Invest tackle data protection and the cloud

AMBI Founders: Arnoldo Wald Filho, President of AMBI in Brazil and Honorary Consul of Monaco in Brazil, Marcos Pileggi, President of AMBI in Monaco, Luciana de Montigny, Secretary General of AMBI and President of Brasil Monaco Project and André de Montigny, President of Honor of AMBI and Honorary Consul of Brazil in Monaco.
AMBI Founders: Arnoldo Wald Filho, President of AMBI in Brazil and Honorary Consul of Monaco in Brazil, Marcos Pileggi, President of AMBI in Monaco, Luciana de Montigny, Secretary General of AMBI and President of Brasil Monaco Project and André de Montigny, President of Honor of AMBI and Honorary Consul of Brazil in Monaco.

The Association Monaco Brazil Invest (AMBI) is holding their second year anniversary event on March 23 at the Monte Carlo Bay Hotel. AMBI, a bilateral association of commercial economic and financial cooperation between Monaco and Brazil launched in 2015, has invited two distinguished speakers on Thursday.

“Each year we chose a unique subject,” Marcos Pileggi, President of the non-profit AMBI, told Monaco Life, “and this time we are presenting Monaco and data protection of the cloud.”

Two speakers will address guests at the invitation only event. Dr Renato Opice Blum, Digital Law Professor at Insper, will talk about “Cloud and its business in Monaco: Trends and Opportunities within a Data Protection Framework”. This will be followed by “Monaco Law and Regulatory Panorama in Regards with Data/IT Protection in Business”, delivered by Richard Mullot, Vice-President of the Monaco Bar, and former President of the Bar.

“Monaco is the safest country in the world for people, why not for data?” Mr Pileggi suggested.

Each country, and indeed each state within the US, has different legislation regarding data protection. Just last month, Javelin Strategy & Research stated an estimated 15.4 million American consumers – or nearly 1 in every 16 – were victims of ID theft last year up. This figure is up from 13.1 million in 2015.

The Javelin report opened with “2016 will be remembered as a banner year for fraudsters, as numerous measures of identity fraud reached new heights”, confirming fraud losses totalled $16 billion.

AMBI, which officially launched at the Monaco Yacht Club in March 2016, promotes and develops multilateral links between Monaco and Brazil, focusing on Monaco as a hub of international business and investment exchange. The conference this week is in collaboration with the Monaco Economic Board and sponsored by Powers Properties. The official partners are Monaco Asset Management and CMB Bank.

Working closely with the Brazilian Consulate in Monaco and the Monaco Consulate in Brazil, AMBI looks to build networks and create opportunities for members with introductions to prestigious personalities, and provide “Complementary Activities” with other organisations, such as Brasil Monaco Project and the Monaco Economic Board. Memberships are divided into four categories: Patron, Corporate, Individual and Institutional.

The new AMBI website will be launched later this week, in conjunction with the second anniversary conference on Thursday.

Marcos Pileggi, President of AMBI in Monaco, with Michel Dotta, President of Monaco Economic Board
Marcos Pileggi, President of AMBI in Monaco, with Michel Dotta, President of Monaco Economic Board

Marcos Pileggi, President of AMBI, Luciana de Montigny, Secretary General of AMBI and President of Brasil Monaco Project, Jacques Boisson, State Secretary, André de Montigny, AMBI President of Honour and Honorary Consul of Brazil in Monaco, Henri Fissore, Ambassador at Large.

Marcos Pileggi, President of AMBI, Luciana de Montigny, Secretary General of AMBI and President of Brasil Monaco Project,
Jacques Boisson, State Secretary,André de Montigny, AMBI President of Honour and Honorary Consul of Brazil in Monaco, Henri Fissore,Ambassador at Large

Marcos Pileggi, President of AMBI in Monaco, Olivier Wenden, Executive Director FPA2, Marie-Catherine Caruso-Ravera, Director of Diplomatic and Consular Relations, André de Montigny, President of Honor of AMBI and Honorary Consul of Brazil in Monaco Luciana de Montigny, Secretary General of AMBI and President of Brasil Monaco Project, Arnoldo Wald Filho, President of AMBI in Brazil and Honorary Consul of Monaco in Brazil, Tânia Loeb Wald, Michel Bouquier, Senior Advisor, Finance and Economy Department of Monaco, Monaco Private Label
Marcos Pileggi, President of AMBI in Monaco,Olivier Wenden, Executive Director FPA2, Marie-Catherine Caruso-Ravera, Director of Diplomatic and Consular Relations, André de Montigny, President of Honor of AMBI and Honorary Consul of Brazil in Monaco, Luciana de Montigny, Secretary General of AMBI and President of Brasil Monaco Project, Arnoldo Wald Filho, President of AMBI in Brazil and Honorary Consul of Monaco in Brazil, Tânia Loeb Wald, Michel Bouquier, Senior Advisor, Finance and Economy Department of Monaco, Monaco Private Label

 

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JCEM breakfast serves up financial tools for businesses in Monaco with Minister of Economy

JCEM breakfastMonaco’s Junior Chamber of Commerce (JCEM) held its first networking breakfast of 2017 on Friday, March 17, at the Salon Bellevue of the Café de Paris.

The theme of the morning’s conference, attended by 110 people, was “Government financial tools and support for business” (“Les outils de financement et de soutien du Gouvernement en faveur des enterprises”), as presented by the Department of Finance and the Business Development Agency (Direction de l’Expansion Économique).

Minister of Finance and Economy, Jean Castellini, delivered the morning’s opening and closing remarks, and answered questions from the audience. Minister Castellini took the opportunity to discuss Monaco’s new incubator and accelerator programme, a facility that will open in the fall of 2017 in Fontvieille. This strategy teams up Monaco Telecom, in particular with the current owner Xavier Niel, who will help select successful startups that are either already set up in the Principality, or identified using the incubation process started in Paris.

François-Xavier Le Clerc, Head of Department of the Business Development Agency, hosted the 2-hour discussion. Mr Le Clerc also launched an appeal: “I’m calling on businesses to submit propositions for the EUREKA program.” The EUREKA fund, offered to support to Monegasque companies for technological projects that are innovative and collaborative – they must have at least one other partner belonging to one of the 38 EUREKA member countries) – is made available through repayable loans or subsidies. The aim is to fund at least one “targeted and pragmatic” project per year.

Sandrine Fejoz represented SACDE, “Société d’Aide à la Création et au Developpement d’Entreprises”, a government owned venture capital firm which supports innovative Monegasque companies. Those with “innovative projects under development can contact the Government, that studies opportunities for financial support – contributing to the share capital of the entity to be created in the Principality and additional loans.” In some cases, repayment can begin after 24 or 36 months, to allow companies to develop and absorb social charges and taxes.

Helene Fabbretti of the Direction du Budget et du Trésor, and Delphine Garcia of BPI France, which offers finance for capital market investors were also present.

Many familiar faces were in the audience, including Serge Pierryves, Director of the Business Development Agency; Ambassador-at-Large, Henri Fissore, Marilyne Pierre from CREM, Alina Gavril from Barclays and Invest Monaco’s Justin Highman.

Philip Culazzo, who last year launched his made in Monaco company l’Orangerie, was also on hand. He told Monaco Life: “The Government has a superb range of assistance in place for supporting innovation, Research and Development and high value industry in Monaco. This is hugely beneficial to young companies such as mine in the early stages of development.”

The Junior Chamber of Commerce is a global movement (Junior Chamber International) made up of leaders, entrepreneurs, and executives, whose objective is to develop local economic attractiveness. In Monaco, it was founded in 1963 and has 130 members, with a program focusing on three major areas: entrepreneurship, networking and training.

The breakfast was organised by Melissa Bonello Richardson, Director of JCEM’s Breakfast Commission. The last JCEM breakfast in December was on Cybersecurity with the participation of the Minister of Interior, Patrice Cellario.

On the weekend of April 21-23, JCEM is organising its fourth Startup Weekend, at which ideas are turned into team projects and presented non-stop over 54 hours.

 

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Professional events boost Monaco’s economy

portshotheadIMSEE, the Monaco Statistics Office, has reported that overall volume of trade increased by 7.5 percent to nearly €2.2 billion year-on-year to the end of September 2016, and imports remained well above exports.

The trade deficit increased over the year (-€381.4 million).

Presenting its Economy Bulletin for the fourth quarter of 2016, which covers data accumulated from January 1, IMSEE said that overall turnover excluding financial and insurance activities was down (-1.2 percent). Two sectors in terms of turnover led to this downturn: Scientific and technical activities, administrative and support services: (-10.2 percent) and Industry (-13 percent).

After a slight decline in the first quarter, employment in the Principality rose for the third consecutive quarter and ended the year up (+ 1.3 percent).

Tourism was negatively impacted by the Nice bombing in July. Despite a decline in overnight stays (-3 percent), average revenue per room rose (+ 4.5 percent).

The number of professional events increased sharply (+43 percent), proving that Monaco is ever more attractive as a venue for international conferences and conventions.

 

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Bermudian insurance business receives Monaco licence

 Bruno Lava, France & Southern Europe regional manager, XL Catlin Insurance
Bruno Lava, France & Southern Europe regional manager, XL Catlin Insurance

Bermuda’s insurance company XL Catlin has received approval from the Monegasque authorities to offer insurance coverage in the Principality.

XL Catlin will provide its insurance through a subsidiary, XL Insurance Company SE, starting March 2017. The Monaco licence will allow XLICSE to provide its insurance products on an admitted basis to local brokers and clients directly.

XL Catlin Insurance’s France & Southern Europe regional manager Bruno Laval said: “The financial sector represents nearly 17 percent of the Gross Domestic Product, life sciences accounts for 50 percent of the local industry and 30 percent of the population are considered High Net Worth individuals.

“These are all strategic areas of focus for our business. We believe our Property, Liability, Marine and Fine Art & Specie solutions, as well as our global expertise, will be extremely relevant for local and global companies as well as for brokers with operations in the Principality.”

XL Catlin, which is the brand name used by XL Group, provides professional, financial lines, property and casualty, and specialty insurance products internationally.

 

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Tripartite meeting with Andorra and San Marino

Antoni Martí Petit, Serge Telle and Nicola Renzi Photo: © Charly Gallo/Communication Department
Antoni Martí Petit, Serge Telle and Nicola Renzi, Photo: Charly Gallo/Communication Department

Antoni Martí Petit, Head of Government of the Principality of Andorra, and Nicola Renzi, Minister of Foreign Affairs, Political Affairs and Justice of the Republic of San Marino, visited Monaco on Saturday, March 18, for discussions on the topic of the European Union.

The two visitors were received in audience by the Sovereign Prince in the presence of HE Serge Telle, Minister of State, and Gilles Tonelli, Minister for Foreign Affairs and Cooperation.

During a working lunch hosted by the Minister of State, the representatives of the three microstates discussed ongoing negotiations with the European Union, which started in March 2015. At the end of the meal, Minister of State Telle said: “We have come together to work jointly on the relations of our three countries with the European Union. We have a common interest to find the necessary strategy to define our relations (…) and must invent a new way to conduct our work with the European Union.”

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