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Annual Report 2014 Education is all a matter of building bridges Ralph Ellison

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Annual Report 2014

Education is all a matter of

building bridges

Ralph Ellison

2

B360 education partnerships applies a highly success-ful formula. We facilitate know-how transfer between European professionals and African students. The European experts teach at institutes of higher edu-cation in Southern Africa on a volunteer basis, and African students complete internships in European companies. The result is a positive return on invest-ment for both sides of the equation.

To reach its goals, B360 education partnerships col-laborates directly with institutes of higher education in Namibia, Zambia and South Africa, in areas that can make a significant contribution to mid- and long-term economic and social development. Targeting these needs, we recruit volunteer lecturers from the Euro-pean public and private sectors to create and deliver

B360 education partnerships in a nutshell 2

Foreword 3

Expert Assignments 2014 4–7

Internships 2014 8-9

B360 Intern Alumni 10 B360 Impact through Volunteering 11

Financial Statement and Outlook 2015 12-13

Financial Report 14-15

Audit Report 17

Who is who 18

Donors 19

Support us 20

B360 education partnerships in a nutshell

Index

relevant content for teaching assignments lasting three weeks on average. A key part of the 360° approach is the B360 internship program for Southern African students in Swiss companies. We set up internships in Switzerland for the top students from our partner uni-versities lasting three months. These offer a stimulating learning opportunity for both the interns and their host colleagues.

To date we have arranged 104 expert assignments at our three partner universities; 8’800 students benefitted from this teaching in Southern Africa and at the same time 18 internships took place in Switzerland. Over-all, our experts, supporters and the B360 team have clocked up 30’000 hours of volunteering since the start in 2009.

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Foreword

Now we are able to look back at a strong track record and some significant footprints. For this reason, we felt that after five years, the goals we set ourselves and our work to date should be reviewed systematically by asking and answering the following question:

Does B360’s approach successfully contribute to cap acity building in Southern Africa by better prepar­ing students for the working world, while proposing a sustainable win­win model for all stakeholders?

A final year student from the Master’s Programme in International Affairs and Governance at the University of St. Gallen, Maxime Despont, was selected to do his Master’s thesis on the impact of B360 in Namibia and Switzerland. He followed all the activities of B360 for six months. He witnessed the internship interview process, as well as the final presentations of Southern African interns in Switzerland. He interviewed B360 experts, internship companies and host families in Switzerland. Then he travelled to Namibia for four weeks to speak to members of management, lecturers, deans and stu-dents at the Polytechnic of Namibia, as well as B360 intern alumni, to try to gain a comprehensive picture of B360’s work and impact.

Maxime Despont gathered and compiled a lot of data and has come to the conclusion that «Yes, is the overall answer to the question above.» He has been able to

Sabina Balmer and Prof. Tjama Tjivikua at the official signing

provide an overview of B360’s impact and in his recom-mendations and conclusion he has highlighted what works well and where there is room for improvement. I look forward to holding discussions with our partners in Southern Africa to see which recommendations we should jointly consider for implementation in the short and long term.

2014 and looking forward

The following pages show that we again had a very busy year and that volunteer experts, host companies, host families, pro bono service providers, friends and donors went many extra miles for B360 and greatly contributed to capacity building in Southern Africa. I want to thank everyone for their very generous support.

A big thank you also goes to all our partners in South-ern Africa for the good cooperation. In March 2014, the renewal of the Memorandum of Understanding between the Polytechnic of Namibia and B360 edu-cation partnerships was signed with the rector of the Polytechnic of Namibia, Professor Tjama Tjivikua.I look forward to continuing the good cooperation and growing the partnership in the next five years.

Sabina A. Balmer, President and Director B360

B360 education partnerships (B360) turned five in June 2014 – a time to review goals and impact. For B360, five years is a considerable milestone, since when we founded the associa-tion, B360 was only an idea and a concept with zero money in the bank account.

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Expert Assignments 2014

In 2014 we worked with 11 different departments at our partner universities. The planning of each assignment was tailor-made to ensure that we meet the requirements and needs of our partners in Southern Africa. In total, we sent 20 experts to the Polytechnic of Namibia (PoN), four to the University of Zambia (UNZA) and one to the Cape Peninsula University of Technology in Cape Town (CPUT).

With our «needs based» approach, our partner univer-sities determine the number and subject matter areas of the B360 assignments. This year the Polytechnic of Namibia received a large number of experts including two exceptionally long Engineering assignments; a five-month assignment in Mechanical Engineering and a six-week assignment in Civil Engineering. The close working relationship with the Health Science depart-ment continued in 2014, with the department receiving

Department B360 experts University

Accounting Dr Angelo Amonini Cape Peninsula University of Technology, Cape Town, South Africa

Civil Engineering Heinz Scheurer Polytechnic of Namibia

Center for Enterprise Kevin Meehan (CS) Polytechnic of NamibiaDevelopment (CED) Thomas Rohner (CS) Center for Open and Life Long Ernst Elsener Polytechnic of NamibiaLearning (COLL)

Economics Albert Zwicker Polytechnic of Namibia Stephen Davy (CS)

Environmental Health and Safety Dr Reto Battaglia Polytechnic of Namibia(EHS) Thomas Lüthi Dr Claude Ramseier Dr Rudolf Schmitt Dr Robert Wyss

Human Resources Rita Becker Polytechnic of Namibia Urs Kohler

Marketing Thomas Bergmann (CS) Polytechnic of Namibia Amanda Blair Marianne Egli Hans-Jürg Schär

Mass Communication Barbara Graf Horka University of Zambia Reto Fehr Sven Ruoss Rolf Wespe

Mechanical Engineering Christian Merz Polytechnic of Namibia

Communication and Journalism Beat Gerber Polytechnic of Namibia Werner Hadorn

four experts. With eight experts, the School of Man-agement Sciences hosted the largest number of B360 experts in 2014.

The assignments in Namibia were concluded in Octo-ber, just before the Zambia assignments started. These again took place at the Department of Mass Communi-cation at UNZA in Lusaka and ended at the beginning of December.

Expert Assignments 2014

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Thomas Lüthi, EHS

Urs Kohler, Human Resources

Claude Ramseier, EHS

Kevin Meehan with Head of CED Margaret Bennett

Rita Becker, Human Resources

Christian Merz with David Katale, Civil Engineering

Marianne Egli, Marketing

Robert Wyss with EHS class

Beat Gerber and Werner Hadorn, Media Technology Thomas Bergmann, Marketing

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Expert Assignments 2014

Stephen Davy, Polytechnic of Namibia, Department of Economics, 2014

«Upon my arrival at the Poly, I had the opportunity to tour Katutura with one of the former B360 interns at Credit Suisse Zurich. We spent most of a day touring around and hearing stories of how the people live in «Silver Town» (so named because many of the abodesand businesses are made of corrugated ‹silver› metal). The many stories of Poly students who live in the area and the trials they face in attending the Poly were both eye-opening and inspiring. One could easily have thought that the students attending the Poly were amongst the elite of Namibia but hearing the stories of family support and dedication within Katutura

made me understand that there was a thin facade amongst many of the students and that the reality of their situation was not something to which I could readily relate despite the fact they were immaculately dressed, happy and eager to learn.

Ernst Elsener, Polytechnic of Namibia, E-Learning, 2014

«Before going on assignment, I developed a course for lecturers who like to include elements of online learning in their teaching or even want to develop an online course by themselves. What satisfied me most is the fact that we were able to finally reap the rewards of four years of work. A few years ago, our experiments with distance learning still looked like an experimen-tal gimmick. Meanwhile, tele-teaching is an essential element in the redesigned course.»

Stephen Davy in class

Silver City, Katutura

My first set of lectures felt like a failure. I did not con-nect with the students and, despite my best efforts to relate my materials to issues relevant to Namibia, I felt that I had lost the classes both in terms of under-standing but also in terms of interest; the former was understandable but the latter was disappointing. I am

Ernst Elsener, COLL

a Managing Director at Credit Suisse in London. I am responsible for the firm’s metals and mining invest-ment banking business across Europe, the Middle East and Africa and yet I had lost the interest of a group of international finance students from a country to which mining contributes 12.3% of GDP. Fail or not? As my lectures progressed, I realised that the students were not actually disinterested but rather quite the opposite. They were very interested but the material was very new and not something to which they’d had much exposure in the past. As the days progressed the level of engagement grew and the questions demonstrated an interest and understand-ing that clearly demonstrated the value and power of B360.»

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Expert Assignments 2014

Amanda Blair, Polytechnic of Namibia, Department of Marketing, 2014

«How can we measure the sustainability of our B360 assignments? This question dominates many late-night discussions between volunteers on campus partici pat-ing in a sort of ‹Windhoek Masterchef› using one large pan and a cheese grater. It is a tough one to answer. And it’s often the incidental anecdotes that give the most meaningful insights. My latest one was an encoun-ter with a student from my 2011 web communication class. ‹Great to see you Miss! I’m working in a bank now and using the notes from your class on web archi-

tecture to design a new website for them. Have you got them electronically by any chance?› »

Thomas Rohner, Polytechnic of Namibia, CED, 2014

«My main objective during my two-week stay was workshops for entrepreneurs around Windhoek. The topic was to analyze their businesses and define the strategy on how to grow or develop their business. We set up a two-day workshop and an additional day for 1:1 coaching sessions at the premises of the business owners. It was extremely interesting to see how eager they were to obtain as much information as possible.I also had the chance to give a public lecture about the financi industry and the education system in Switzer-land. Especially the Swiss vocational training system and the interaction between industry, university and government triggered a lively discussion.»

Dr Rudolf Schmitt, Polytechnic of Namibia,

Food Safety, 2014

«The icing on the cake of my assignment was the surprising request to conduct a training course on the microbiological analysis of foods for the staff of the Department. During a five-hour workshop, my intention was to clearly show what modern ISO methods dictate, what precision and competences of the staff members are required and what the requirements are for ac-creditation of laboratories.»

Heinz Scheurer, Polytechnic of Namibia, Civil Engineering, 2014

«My main task was lecturing in «Geotechnics» at the Department of Civil Engineering; in particular the top-ics design and execution of flat and pile foundations, supporting structures, anchorages, cofferdams, embank-ment stability, etc. Apart from lecturing, the goal was to revise my lecture scripts, which I developed during the

Amanda Blair, PoN

Thomas Rohner, CED

Dr Rudolf Schmitt in class

Heinz Scheurer and David Katale, Civil Engineering, PoN

past two years and expand them to provide a base for lectures and for future professional activities of stu-dents. As in previous years, David Katale, my main point of contact as a local lecturer, and I usually taught as a team: David was mainly in charge of the theoretical part and I – built on the necessary theory – of the practical aspects.»

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Internships 2014

At the beginning of the year three students completed internships in various departments at Credit Suisse in Zurich. Thanks to new partner companies in the food sector, another three internships took place from August to October 2014. The positive feedback on the 2014 intern-ships from all parties involved and the positive experiences of previous years make us even more determined to continue looking for further internship opportunities in Switzerland.

Daniel Suter, Head of Laboratory, SQTS Courtepin, about the internship of Martha

«Martha is a very nice and winning person. No matter where she was assigned to, everybody liked to work with her. As B360 interns in previous years, Martha visited all departments in our laboratory.

We regard it as useful that we extended the duration of an internship from two to three months. Apart from the fact that interns need time to get familiar with the company, the work processes and the handling of different equipment, they must deal with Swiss habits, the French language, timetables of buses and trains, etc. Hosting interns one month longer results in the company also benefitting from their support.»

Justina Keendjele, Environmental Health and Safety student, Polytechnic of Namibia, intern at Chocolat Frey

«Chocolat Frey is a very busy company, producing tons of chocolates every day and therefore working in their labs has taught me how to work and cope under pressure and work hard to meet deadlines. Working there was also an eye-opener as to why food quality is very important. The way they integrated other areas, such as doing inspections and collecting samples, in the whole program just made the whole experience more interesting and valuable. I will gratefully share the knowledge I have learned with my classmates and peers and will apply it in my future career.»

Company Intern Field of study

Chocolat Frey Justina Keendjele Environmental Health and Safety

Credit Suisse Hileni Elago Economics

Credit Suisse Ndapewa Kaapangelwa Finance & Accounting

Credit Suisse Mukuka Mulenga Economics

HACO Christalin Mushongo Environmental Health and Safety

Swiss Quality Testing Services SQTS Martha Hanhindi Environmental Health and Safety

Chocolat Frey team with JustinaDaniel Suter, Martha, Peggy Schuhmann and a team colleague of Martha at SQTS

Internships 2014

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Beat Bigler, Head of Production HACO and host of Christalin Mushongo

«When we discussed hosting a B360 intern at HACO, we regarded it as a good opportunity and experience for everybody to improve their English skills which is important for HACO as we are becoming more and more international. Christalin is a very intelligent young lady. It took her no time to integrate and to cooperate with everybody in the team. Communication in English was no problem and the internship has proven to be a great idea.

Being Christalin’s host as well, it was like having another girl in the family. We had a lot of fun, she integrated very well. It was an enriching and great experience for the whole family to host somebody with a different culture in our home.»

HACO laboratory team with Christalin Credit Suisse teams with Mukuka, Ndapewa and Hileni

Christalin with host family BiglerHost family Moll Erdösi with Ndapewa

Host Amanda Blair with Martha Mukuka and host Jasmin BeutlerHost family Roth with Justina

Host family Wepfer Müller celebrating Hileni’s birthday

Roger Barmettler, Head of Credit Suisse Reporting about Ndapewa Kaapangelwa, intern at Credit Suisse 2014

«Ndapewa Kaapangelwa was a reliable and proactive employee. She worked independently and produced very good results in terms of both quality and quantity at all times, thereby corresponding to our high require-ments and expectations in every respect. Also, Miss Kaapangelwa is very motivated, very cheerful and open-minded. Owing to her very helpful and remark-able team-focused nature, she was appreciated by the whole department.»

Hileni Elago, Economics student, Polytechnic of Namibia, intern at Credit Suisse 2014

«The most important thing that I have learnt is ‹time management› which is not just about doing a great

job, but also about doing that great job within a reasonable time frame. This helped me a lot to ensure that my tasks are completed to a high standard and really helped me to be organized.»

Intern Company Year / Field Currently employed at

Andreas Ruth KPMG 2013 / HR Motovac Pty Ltd Namibia, Windhoek

de Koe Nancy Credit Suisse 2011 / Finance & Office of the Auditor General, Windhoek Accounting

Edward Martin Credit Suisse 2012 / HR Two years at Metropolitan Insurance Namibia, Windhoek. Now looking for new job.

Elago Hileni Credit Suisse 2014 / Economics Bank of Windhoek, Windhoek

Haludilu Selma Credit Suisse 2011 / Finance & Momentum Asset Management, Windhoek Accounting

Hanhindi Martha SQTS 2014 / Food Safety Graduation in 2015

Jagger Charmain Credit Suisse 2012 / Economics Debeere Marine Namibia, Windhoek

Kaapangelwa Ndapewa Credit Suisse 2014 / Finance Graduation in 2015 & Accounting

Kaimbi William Coop 2012 / Food Safety Medical studies at People’s Friendship University of Russia with government bursary

Kwedhi Ndapwa Credit Suisse 2013 / Economics Old Mutual, Windhoek

Keendjele Justina Chocolat Frey 2014 / Food Safety Graduation in 2016

Lifasi Michael SQTS 2013 / Food Safety Ministry of Health Social Services, Katima Mulil

Matengu Nicco SQTS 2011 / Food Safety Ministry of Health Social Services, Walvis Bay

Mulenga Mukuka* Credit Suisse 2014 / Economics Graduation with Masters in 2015 Mushongo Christalin HACO 2014 / Food Safety Graduation 2016

Shatumbu Saara SQTS 2012 / Bio Medical Graduation in 2015

Shikongo Ilona Credit Suisse 2013 / Economics First Capital Namibia, Windhoek

Uusiku Elise Deloitte 2013 / Economics Ministry of Trade and Industry, Katima Mulilo * With the exception of Mukuka Mulenga, University of Zambia, all Alumni are graduates of the Polytechnic of Namibia.

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B360 Intern Alumni

On March 26, 2014 the B360 intern alumni was found-ed in Windhoek. At this first meeting the alumni held a brain storming session about mission, goals, roles and responsibility of B360 intern alumni. The following goals were agreed:

• be voices and promoters for B360 in Southern Africa and Switzerland

• be mentors and coaches for departing B360 interns

• apply know-how exchange, mentoring, coaching, volunteering approach and spirit in own surroundings

• develop B360 intern network and leverage it for the good of capacity building among young people in Southern Africa

• be contact and host for B360 experts, B360 donors, B360 partner companies visiting Southern Africa

All our interns have confirmed that the work and life experience in Switzerland were very helpful in finding a job back home. The following table shows what the former B360 interns are currently doing.

First alumni meeting in Windhoek, March 2014

(status November 2014)

Number of 2014 2009-2014

Volunteer hours of experts 4’300 18’800

Other volunteer hours 2’950 12’600

Approximate market value of expert volunteer hours in CHF 865’000 3’750’000

Approximate market value of other volunteer hours in CHF 590’000 2’480’000

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B360 Impact through Volunteering

Finances and Operational Efficiency

During 2014, B360 was able to raise over CHF 210’000 (2013 CHF 130’000). These generous donations enabled the association to implement all planned assignments in 2014 and to plan for 2015. In addition to cash donations, the B360 experts teach as volunteers and therefore do not receive a salary or consultant fee. This contribution during 2014 represented a value of about CHF 865’000 (2013: CHF 820’000) if the guest experts had been paid at market prices.

In 2014 PR and graphic design work were again done on a pro bono basis and since June B360 has been able to sublet office space for a small amount. Therefore, in the first five months the office rent was completely sponsored and since June 85% is being sponsored by a third party supporter.

B360 follows the cost structure and allocation method of ZEWO (Swiss monitoring agency for charitable fund-raising) and the financial accounting is done in line with Swiss GAAP FER 21 standards for charitable, social and non-profit organizations. Given the unique operating model of B360, which is based on volunteer expert work, the value of these contributions needs to be taken into account for purposes of calculating the recommended cost ratios of ZEWO. Based on the approximate market value of the experts’ time, the project cost ratio is over 90% (2013 90%), the marketing and information as well as the administrative ratios together are less than 10% (2013 10%) of total cost, reflecting the high efficiency of the B360 operating model. In comparison, ZEWO cur-rently suggests 75% project costs, 10% fundraising and information expenditures and 15% administrative costs for small organizations that do not receive any govern-ment support.

B360 Impact Volunteering – the B360 foundation

Number of 2014 2009-2014

Students taught 2’500 8’800

Lectures held 1’540 6’300

Internships in Switzerland 6 18

B360 experts in Namibia 20 80

B360 experts in Zambia 4 19

B360 experts in South Africa 1 5

Co-teaching and coaching partner 260 1’075

Sven Ruoss working with studentsReto Fehr in class

Financial Statement and Outlook 2015

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Balance Sheet as of December 31 Appendix 31.12.2014, CHF 31.12.2013, CHF

ASSETS Current Assets Cash in hand and at bank 189’673 142’673 Other receivables - - Prepaid expenses and accrued revenues 4 6’802 8’442Total Current Assets 196’475 151’115

Total Assets 196’475 151’115

LIABILITIES, FUNDS AND CAPITAL

Liabilities Deferred income 5 - 500 Total Liabilities - 500

Funds Assets Earmarked projects 6 1’750 3’000Total Fund Assets 1’750 3’000

Organization Capital Organization Capital per 01.01. 147’615 148’788 Net results for the year 47’110 -1’173Total Organization Capital 194’725 147’615

Total Liabilities, Funds and Capital 196’475 151’115

Financial Outlook 2015

B360 plans and operates on a long-term basis. Expert assignments and internships are generally decided six to twelve months in advance and therefore the financial resources to make these commitments need to be available. Even though the assets at year-end might look promising, this money is already commit-ted in 2015. Donations are urgently needed to cover all 2015 costs, to enable long-term planning on a rolling basis and to reduce dependency on pro bono services.

Statement of Operations from 01.01.-31.12. Appendix 31.12.2014, CHF 31.12.2013, CHF

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Financial Statement

CONTRIBUTIONS AND DONATIONS Donor contributions 192’459 102’610 Friends donations 15’826 20’474 Earmarked donations 4’750 10’000Total Contributions and Donations 213’035 133’084

EXPENDITURE Project Expenditure 7 85’584 55’986 Project Related Expenditure 8 14’352 21’631 Administrative Expenditure 9 30’867 20’350 Fundraising and Information Expenditure 10 36’404 33’325Total Expenditure 167’207 131’292 Sub-Total 1 45’828 1’792

NET FINANCIAL INCOME Financial income 32 35Total Net Financial Income 32 35

Sub-Total 2 (before net surplus/deficit from funds) 45’860 1’827

Net Surplus/Deficit from Funds Allocation of Earmarked Fund Education 4’750 10’000 Usage of Earmarked Fund Education -6’000 -7’000Total Net Surplus/Deficit from Funds -1’250 3’000

NET RESULT FOR THE YEAR RESULT 47’110 -1’173

Allocation of the net result for the year: to Organization Capital 47’110 -1’173

STATEMENT OF CHANGES IN CAPITAL (in CHF) Organization capital Opening Balance as of 01.01. 147’615 148’788 Net Result for the year 47’110 -1’173Closing Balance as of 31.12. 194’725 147’615

Funds Capital Opening Balance 01.01. 3’000 - Allocation to earmarked funds education 4’750 10’000 Use of earmarked funds education -6’000 -7’000Closing balance per 31.12. 1’750 3’000

2014 / CHF 2013 / CHF

Organization capitalThis position comprises the capital usable within the statutory purpose.

Contibutions and general purpose donations The contributions and donations consist of Friends donations and voluntary contributions and donations. Friends donations are annual contributions of CHF 500 for individual persons and CHF 800 for couples and families. It is to be noted that this is not a membership. For voluntary contributions and donations the CHF amount canbe freely chosen.

4. Prepaid Expenses and Accrued Revenues Association insurance - 261 Pension fund contribution 5’260 4’174Accident and sickness allowance insurance 1’042 1’042Flights - 2’965Rent 500 -

Total Prepaid Expenses and Accrued Revenues 6’802 8’442

5. Deferred Income Contributions - 500

Total Deferred Income - 500

6. Earmarked Project Contributions

Opening Balance as of 01.01. 3’000 -The Usitawinetwork Club Zurich 3’000 7’000Zürcher Gesellschaft für Personal-Management 1’750 3’000Expenses for expert assignments in Africa -6’000 -3’500Expenses for interns/lecturers in Switzerland - -3’500

Total Earmarked Project Contributions 1’750 3’000

7. Project ExpenditurePersonnel related expenditure 41’217 16’413Travel expenditure experts 37’666 36’142Travel expenditure interns/lecturers 6’701 3’431

Total Project Expenditure 85’584 55’986

8. Project Related Expenditure

Personnel related expenditure 10’596 20’472Travel expenditure 633 1’119Other expenditure 3’123 40

Total Project Related Expenditure 14’352 21’631

9. Administrative Expenditure

Personnel related expenditure 17’120 12’412Expenditure for IT - 2’479Expenditure for telephone and stamps 2’572 3’052Accounting and other services expenditure 5’114 1’113Other expenditure 6’061 1’295 Total Administrative Expenditure 30’867 20’351

Financial Report

General accounting principles

1. Principles and Organization

1. Legal Form and Foundation «B360 education partnerships» (B360)is an association according to Art. 60-79 ZGB (Civil Code) and was founded 2011 the association is tax exempt in the Canton of Zug.2. Domicile The association is domiciled in Zug.3. Purpose B360’s purpose is to contribute towards the global goal to build capacity in higher emerging and developing countries, and to create awareness in the public in Switzerland and other countries of the existing challenges.

The association facilitates know-how exchange between companies, institutions, individuals in Switzerland and institutions and the private sector in developing and emerging countries. In addition the asso-ciation can improving education levels in developing and emerging countries to help create better conditions for people existence and be successful in the working world..

2. Basic principles of Financial Accounting

Accounts of B360 education partnerships (B360) are rendered on the basis of the SWISS GAAP FER 21 accounting recommendations and provide a true and fair view of the financial position and the results of operations. As a social, non-profit organization, B360 education part-nerships adheres to Swiss GAAP FER 21. B360 is a small non-profit organization according to Swiss GAAP FER 21. Swiss GAAP FER 21 was fully implemented for the first time as of 1.1. 2013.

The financial statement was established based on the principle of going concern and materiality.

Expenses and income are accounted on an accrual basis appropriate to the period.

3. Accounting and valuation principles

General informationIn principle, acquisiton or manufacturing costs are applied in the financial statements. The accounting records are maintained in Swiss francs. The most significant accounting principles are described below:

Cash and cash equivalents and marketable securitiesThis position includes cash in hand and at banks. The valuation is done at market value on the balance sheet day.

Transitory itemsThis position comprises prepayments and accrued revenues on the one hand, accrued liabilities and deferred income on the other. The valuation is based on the nominal value less necessary adjust-ments.

Earmarked FundsContributions (donations) earmarked for certain projects are allocated to the relative funds. Their usage is also project related. Any surplus or deficit from a completed project will be settled by the relief fund. Surplus from not yet completed projects will be allocated at year-end to the earmarked fund position.

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APPENDIX

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Financial Report

The association B360 facilitates know-how transfer between Euro pean experts and African students. European experts teach at universities in Africa on a voluntary basis, and African students complete internships in European corporations. The bottom line is a win-win situation. In 2014, 25 Expert assignments were arranged in Southern Africa and 6 Internships in Switzerland. Similar activities are planned and budgeted for 2015.

It is very important that the benefits and added value of the work of B360 is evaluated. For this reason, all the experts are asked to document their activities and contacts prior to, during and after their assignments. Not only quantitative information is gathered, but also qualitative evaluations are important for the overall assessment of B360.

Qualitative information is obtained in various ways. Most B360 experts test their students at the end of the assignment, or the project work will be evaluated together with the local lecturers. The results are part of the semester grades. Therefore, the B360 experts as well as the students have a keen interest in learning efficiently. In addition, feedback is systematically collected to ensure that the expert assignments achieve the objectives and bring the desired benefit to all stakeholders. In 2014 an impact analysis on B360’s work in Namibia and Switzerland was conducted in the framework of a University of St.Gallen Master’s thesis.

B360 Impact Numbers 2014 2009-14

Students taught 2’500 8’800Lectures held 1’540 6’300Internships in Switzerland 6 18B360 experts in Namibia 20 80B360 experts in Zambia 4 19B360 experts in South Africa 1 5Co-teaching and Coaching Partner 260 1’075Total volunteer hours of experts 4’300 18’800Pro bono/other volunteer hours 2’950 12’600

A risk analysis is done annually and the major risks are discussed regularly at board meetings. The Board is of the opinion that the risks are adequately managed.

PERFORMANCE REPORT 2014 / CHF 2013 / CHF

Board of Directors: Mrs Sabina Balmer, part of the Board of Directors since 2009 Mrs Marianne Egli, part of the Board of Directors since 2010 Mr Rudolf Schmitt, part of the Board of Directors since 2013 Mr Peter Schmuki, part of the Board of Directors since 2009 Mr Albert Zwicker, part of the Board of Directors since 2013

Office: Mrs Sabina Balmer, DirectorMrs Sandra Weidmann, Deputy DirectorMrs Natascha Osborn-Smith, Support

The statutes date from May 13, 2014. The original statutes dated June 23, 2009 were revised and supplemented on November 29, 2011, and May 13, 2014.

The Buchhaltungs- und Revisions- AG, Zug, have been the auditors since 2009.

10. Fundraising and Information Expenditure

Personnel related expenditure 28’654 21’945Expenditure for fundraising event 5’300 7’972Expenditure for fundraising and information material 944 1’217Expenditure for annual report production 1’324 1’351Other expenditure 182 840 Total Fundraising and Information Expenditure 36’404 33’325

11. Personnel related expenditures

Salaries 76’102 57’234Auxiliary staff costs (AHV/IV/EO/ALV) 12’483 9’291Pension fund contribution 7’961 4’225Accident and sickness allowance insurance 1’042 492

Total Personnel related expenditure 97’588 71’242

12. Compensation to the members of the governing bodies

President and Director 39’905 18’532Employees of B360 office 40’756 38’702Board and advisory board members (travel assignment costs only) 7’460 -

Total Compensation to the members of the governing bodies 87’941 57’234

The board of directors and the advisory board work pro bono and without expenses. Expenses are only paid in case of international travel for B360 and only cover travel costs.

13. Pro bono services

The experts perform their lecturing services on a pro bono basis. The flight to Southern Africa is paid by B360 if no other means of funding can be found and the partner universities provide accommodation for the experts. In addition B360 receives pro bono services in Switzerland, for example in the area of graphic design, translations,photography.

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CS partners Daniel Gasser and Andreas Rieser with Sabina Balmer

Christoph Balmer and Lino Campo-novo at Rieberg Event 2014

Board- and Adivsory Board Members Marianne Egli and Lotti Schneider

Albert Zwicker teaching Economics class

Reto Battaglia with EHS class

Beate Kurth (left) from CS and Catharina Kreysel,German teacher for interns based in Zurich.

Lunch with Dioné Izaks, International Affairs, Polytechnic of Namibia and B360 Team

Rolf Wespe’s storytelling class

Barbara Graf Horka teaching photo-journalism

Maxime Despont, Head of Department Charmaine Jansen (sitting) and EHS students

Angelo Amonini, Finance & Accounting

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18

Who is who

Accounting: Ivo KaufmannPublic Relations: Marianne EgliWebsite and Communication: Amanda Blair, abprFotos: Barbara Graf-HorkaGraphic Design: Dieter EgliAuditor: Michael Annen, Buchhaltungs- und Revisions-AG, Zug

Advisory Board Members:

B360 Team:

Sabina A. Balmer, President and Director of B360 education partnershipsMarianne Egli, Communications Specialist and Senior AdvisorDr Rudolf Schmitt, Professor of Food Microbiology and Food Safety at the University of SionDr Peter H. Schmuki, Attorney-at-Law, retired Investment BankerAlbert Zwicker, retired Corporate and Investment Banker

Sabina A. Balmer

Albert Zwicker

Marianne Egli Dr Rudolf Schmitt Dr Peter H. Schmuki

Board Members:

Amanda Blair Dr Madeleine Dreyfus Christian Merz

Hans-Jürg Schär

Sandra WeidmannDeputy Director

Reto Kuprecht

Janine Rother

Sabina A. BalmerPresident and Director

Lotti Schneider

Natascha Osborn-SmithSupport

Contact: Sabina A. Balmer, Baarerstrasse 78, 6300 Zug, [email protected], Tel: +41 41 710 99 16www.b360-education-partnerships.org

Donors

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The following individuals and firms have generously supported us with donations and/or pro-bono services:

Corporate Partners, Partner Organizations

abpr, Bern, CH; argonag ag, Affoltern am Albis, CH; Avision AG, Kloten, CH; Buchhaltungs- und Revisions-AG (brag), Zug, CH; Candrian Cater-ing AG, Zurich, CH; Cetra Alimentari, Mezzovico, CH; Chocolat Frey AG, Buchs, CH; Coop, Pratteln, CH; Coprin AG, Oberembrach, CH; Credit Suisse Group AG, Zurich, CH; Deloitte AG, Zurich, CH; Dieter Egli, Visuelle Gestaltung, Stallikon, CH; Dr - Ing Paul Christiani GmbH & Co KG, Konstanz, DE; EMCO Maier GesmbH, Hallein-Taxach, AT; HACO, Gümligen, CH; Flordek, Windhoek, NAM; Knecht Reisen, Lucerne, CH; KPMG, Zurich, CH; L’Ecole de Battersea, London, UK; mediaschneider ag, Zurich, CH; Migros-Genossenschafts-Bund, Direktion Kultur und Soziales, Zurich, CH; Museum Rietberg Zurich, Zurich, CH; SWISS-MECHANIC beider Basel, Liestal, CH; Swiss Quality Testing Services (SQTS), Courtepin, CH; Teachforce, Zurich, CH; Union 3 Communica-tions, Zurich, CH; UsitawiNetwork Club Zurich, CH; Zürcher Gesellschaft für Personal-Management, Zurich, CH;

Friends and Private Donors

Inga Aellen, L’asticot Sàrl, Geneva, CH; Markus Anderegg, Winterthur, CH; Rosmarie Aschwanden, Zug, CH; Jean-Pierre Awad, Sliema, MT; Rosmarie and Hansjörg Balmer, Langenthal, CH; Sabina and Christoph Balmer, Zug, CH; Gyongyi Ann and Alain D. Bandle, Buchillon, CH; Dr Reto Battaglia, Wetzikon, CH; Claudine Bumbacher and Dr Daniel Benninger, Bern, CH; Ruth and Hans Benz, Egg b. Zurich, CH; Amanda Blair, Bern, CH; Dr Franz Böni, Mosnang, CH; Peter Böni, Riehen, CH; Elfi Bohrer, Galerie für Gegenwartskunst, Bonstetten, CH; Amanda and Victor Cain, New York, USA; Thomas Cirillo, Greenwich, USA; Roland Dill, Zurich, CH; Dräyer Martina and Jürg, Vaglio, CH; Dr Madeleine Dreyfus and Peter Emch, Zurich, CH; Marianne Egli, Zurich, CH; Peter Fairley, New York, USA; Denise and Helmut File, Zug, CH; Norma and Peter Fischer, Meilen, CH; Jürg Fischer, Collonge-Bellerive, CH; Sandra Gili, Zurich, CH; Traudel U. Götz, Zurich, CH; Claudia Gravino, St. Gallen, CH; Lawrence Haber, Stamford, USA; Urs Habermacher, Kerzers, CH; Prisca Hafner, Horgen, CH; Remo Halter, Sachseln, CH: Rose Marie Hartmann, Egg, CH; Sue and Alfred Heinrich, Meggen, CH; Joseph Hildbrand, Zurich, CH; Michelle Holmes, Rüschlikon, CH; Annette Isen schmid, Herrliberg, CH; Jackie Isler-Schwab, Zurich, CH; Dagmar and Ivo Kaufmann, Zug, CH; Lisa Kelland, New York, USA; Damian Krause, New York, USA; Andreas Kröpfli, Bern, CH; Hildegard Kröpfli, Pratteln, CH; Karl Kupper, Wetzikon, CH; Andrea and Reto Kuprecht, Zurich, CH; Hannes Lamprecht, Herrliberg, CH; Ursula and Dr Lucas La Roche, Zurich, CH; Bernhard Lehmann, Uster, CH; Dr Franz Leibenfrost, London, UK; Rosmarie and Hannes Leuthold, Andelfingen, CH; Gerhard Lohmann, Thalwil, CH; John Mathew, London, UK; Helga Meier, Zug, CH; Walter Meyer, Meilen, CH; Christl and Kenneth Meszkat, Southampton, USA; Anton Muff, Emmenbrücke, CH; Elisabeth Oberer, Pratteln, CH; Caroline and Antonio J.F. Pereira, Cham, CH; Dr Sibylle and Dr Peter Pestalozzi, Meilen, CH; Donna and George Petit, New York, USA; Dr Gabriella Pichert, Zurich, CH; Agnes Reicke and Hannes Glaus, Walchwil, CH; Janine Rey, Sion, CH; Carolynn Rockafellow and Frank Lopez-Balboa, New York, USA; Sharon Sands, Weedon, UK; Hans-Jürg Schär, Ligerz, CH; Rudolf O. Schmid, Kloten, CH; Esther and Dr Rudolf Schmitt, Arbaz, CH; Amanda and Dr Peter Schmuki, St. Julians, MT; Erika and Eugen Schneider, Jona, CH; Lotti Schneider, Zurich, CH; Dr Lene and Dr Roland Schwärzler, Ebmatingen, CH; Marie-Therese and Dr Daniel Sicher, Gräfelfing, DE; Dr Christoph and Silvia Sievers, Horgen, CH; Stanley Sloan, New York, USA; François Suppiger, Lucerne, CH; Ueli Tanner, Bäch, CH; Roxanne Taylor, New York, USA; Thomke Invest, Ernst Thomke, Stansstad, CH; Carol and John Tregenza, San Francisco, USA; Urs Uehlinger, Zollikon, CH; Susanne and Hans von Meiss; Zolli-kon, CH; Dr Suzanne Wettenschwiler, Zug, CH; Paul Wyser, Appenzell, CH; Yolande and Albert Zwicker, Jona, CH;

Hans-Jürg Schär with South African ambassador to Switzerland

Peter Schmuki and Peter Sulzer

Volunteers and Guest Lecturers

Dr Angelo Amonini, Zuzwil, CH; Christoph Balmer, Zug, CH; Dr Reto Battaglia, Wetzikon, CH; Rita Becker, Bad Ragaz, CH; Thomas Berg-mann, Binz, CH; Anke Berning, Meggen, CH; Amanda Blair, Bern, CH; Laurent Bouvier, London, UK; Barbara and Lino Camponovo, Humlikon, CH; Greg Collett, London, UK; Stephen Davy, London, UK; Roland Dill, Zurich, CH; Marianne and Dieter Egli, Zurich, CH; Stefan Ehrat, Kilchberg, CH; Ernst Elsener, Cham, CH; Reto Fehr, Uster, CH; Sandro Feuillet, Zurich, CH; Norma and Peter Fischer, Meilen, CH; Dr Michael Fischer, Kindhausen, CH; Jason Forrester, London, UK; Beat Gerber, Zurich, CH; Barbara Graf Horka, Zurich, CH; Claudia Gravino, St. Gal-len, CH; Werner Hadorn, Biel CH; Prisca Hafner, Horgen, CH; Dr Andreas Hoessli, Zurich, CH; Michelle Holmes, Rüschlikon, CH; Dagmar and Ivo Kaufmann, Zug, CH; Urs Kohler, Bertschikon, CH; Catharina Kreysel, Herrliberg, CH; Dr Michael Kummer, Zurich, CH; Karl Kupper, Wetzikon, CH; Andrea and Reto Kuprecht, Zurich, CH; Jean-Pierre Lanz, Hof-stetten, CH; Fee Liechti, Dübendorf, CH; Oliver Loretan, Galgenen, CH; Thomas Lüthi, Bern, CH; Kevin Meehan, London, UK; Christian Merz, Magglingen, CH; Laurin Merz, Zurich, CH; Dr Johannes Mockenhaupt, Hennef, DE; Paolo Poloni, Zurich, CH; Dr Claude Ramseier, Neuchâ-tel, CH; Markus Reinke, Tuggen, CH; Janine Rey, Sion, CH; Thomas Rohner, Hünenberg See, CH; Janine Rother, Cham, CH; Sven Ruoss, Zurich, CH; Hans-Jürg Schär, Ligerz, CH; Heinz Scheurer, Aeugst a. A., CH; Dr Rudolf Schmitt, Arbaz, CH; Dr Peter Schmuki, St. Julians, MT; Lotti Schneider, Zurich, CH; Philipp Semmler, Zurich, CH; Markus Stoll, Herrliberg, CH; François Suppiger, Lucerne, CH; Ueli Tanner, Bäch, CH; Michael Weber, Zurich, CH; Dr Wolfgang von Wiese, Bad Oeynhausen, DE; Rolf Wespe, Lucerne, CH; Dr Robert Wyss, Schönenbuch, CH; Dr Joseph Zenhäusern, Bern, CH; Albert Zwicker, Jona, CH;

There are further donors and foundations which support us but do not wish to be listed by name.

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Mingling Bar on UNZA campus

Support us!

Donations: Help us finance an expert assignment or an internship and contribute towards capacity building in higher education in Southern Africa! Here is how you can help:• With a single donation• Make a donation present• Become a Friend of B360 education partnerships

ImpressumContributing to this annual report: Sabina Balmer, Amanda Blair, Marianne Egli, Claudia Gravino, Natascha Osborn-Smith, Sandra Weidmann, B360 experts, B360 interns, Partner Companies (CS, HACO, Chocolat Frey, SQTS). Photos: Sabina Balmer, Barbara Graf Horka, B360 experts. Visual Design: Dieter Egli. Print: Kyburz AG. All quotations have been reproduced as received.

Donation Account: B360 education partnerships, Credit Suisse, CH-8070 ZurichIBAN: CH08 0483 5127 4423 3100 1, Credit-Suisse-Postkonto: 80-500-4

Donations can be made online on: www.b360-education-partnerships.org

To give is more blessed than to receive, they say. And it of course is not the case that one only gives. One always gets something back as well. That is what we experienced on a daily basis at the University of Zambia (UNZA) in Lusaka during almost three weeks. On the one hand our work with the students was a lot of fun, on the other hand it opened our spoiled European eyes. For us the time spent in Zambia was the most memorable in 2014, perhaps even in our whole lives. Our goal was to teach students about online journalism. We think this worked quite well and hope that the impact is sustainable. What we know for sure is that the knowledge transfer in the other direc­tion was successful, although in different ways. For example humility, gratitude, and helpfulness; it is sometimes hard to believe how much you get back when you are ready to give.

Reto Fehr and Sven Ruoss, watson, on their assignment at University of Zamiba, 2014 ”