A basic overview of investing that explains the differences between saving and investing, including asset classes & investment styles, stocks, bonds and types of mutual funds. We will also explore different types of life & disability income insurances that should be used as a foundation to protect your investment portfolio.Read More
51st ECOWAS Summit In Liberia
The MTN Group has revealed that the Federal High Court, located in Lagos Nigeria, has adjourned the hearing of the case between MTN Nigeria and the Nigerian Communications Commission (NCC) until 18 March, 2016.
According to a statement issued by MTN, it was revealed that the judge had adjourned the matter in order to enable the parties to try and settle the matter. However, if the parties are unable to reach a settlement, both MTN and the NCC will then proceed with the hearing on the above mentioned date.
Back in October 2015 the NCC had fined the mobile giant for failing to deactivate 5.1 million pre-registered subscriber identification module (SIM) lines discovered on its network.
Buhari tells telcos to adhere to NCC rules
In mid-January 2016 Nigerian President, Muhammadu Buhari, had urged telecommunications companies – operating within Nigeria – to adhere strictly to rules and guidelines set out by the Nigerian Communications Commission… Especially when it came to new SIM Card registrations within the country.
Buhari said there is a need for the telecommunication companies to place the security needs of the country above their desires for huge profits.
“The registration of all mobile phone users without exception will help the security agencies to pre-empt terrorist attacks, as a result all the telecommunication companies operating in Nigeria must adhere to the rules and guidelines of the Nigerian Communications Commission in this regard,” he said.
He added that the war against terrorism can only be won with collective effort and a commitment by all stakeholders to work in unison to halt the scourge.
Follow @DarrylLinington on Twitter
From around the web
Libya's internationally recognised parliament has rejected a unity government named last week under a UN-brokered deal aimed at uniting the country's warring factions.
The vote is seen as a major blow to UN efforts to unify the country's two rival parliaments.
Islamic State militants have stepped up attacks in recent weeks, targeting the country's oil infrastructure.
Libya has been in chaos since the 2011 overthrow of Colonel Muammar Gaddafi.
Of 104 members attending the session in the eastern city of Tobruk, 89 voted against backing the government, Reuters news agency reports.
The Tunis-based Presidential Council now has 10 days to put forward a new, shorter list of ministers, Reuters adds.
Libya's state oil company said earlier that the country had lost $68bn (£48bn) in potential oil revenues since 2013, in comments reported by the UK's Financial Times newspaper.
Western nations hope the formation of the new government will help bring stability and tackle the growing threat of the so-called Islamic State group (IS).
IS militants have taken advantage of the political vacuum to expand their presence in the country.
Sudanese refugee who walked length of Channel tunnel faces trial
A Sudanese man who walked through the Channel tunnel from France in an extreme example of the desperate measures refugees are prepared to take to reach Britain is to face trial under an obscure law for obstructing a railway.
Abdul Haroun, from Darfur, walked for close to 12 hours in near total darkness in August, evading high-speed trains and security cameras, before being arrested by British police close to the end of the tunnel at Folkestone.
He was charged and sent to prison, where he remained until he was given bail on 4 January.
In December he was granted asylum by British authorities - a decision his supporters hoped would lead to the charge being dropped.Tunnel operator Eurotunnel and some MPs criticised the decision, saying it would encourage other migrants to risk the trip.
Thousands of migrants are camped out near the northern French ports of Calais and Dunkirk, seeking clandestine ways to enter Britain such as stowing away on trucks or trains.
Haroun was the first person known to have made it through the 31-mile tunnel on foot. Since then, two Iranian men have also walked through the tunnel. They too were arrested and charged with the same offence and are due to stand trial in April.
The Calais and Dunkirk camps are among many flashpoints in a continent-wide crisis that saw more than a million refugees and migrants enter Europe last year, most to escape war and poverty in the Middle East and Africa.
In Britain, Haroun’s case has framed a heated political debate over whether refugees should be welcomed or stopped from coming.
The issue will feature heavily in campaigning for a referendum on whether Britain should stay in the European Union, expected to take place later this year.
Since being freed on bail, Haroun has been living with a volunteer from a charity that has supported him through his detention, prosecution and asylum application.
He attended Thursday’s hearing at a court in Canterbury accompanied by supporters, speaking only to confirm his name.
The offence with which he is charged carries a maximum penalty of two years in prison. Judge Adele Williams provisionally set Haroun’s trial for 20 June and extended his bail.
About a dozen refugee rights campaigners staged a protest outside the courthouse, holding up banners in support of Haroun.
This Nigerian Company Focuses On Both People And Profits
October 15, 2015
As a student, Ifeanyi Orajaka wanted to help communities in rural Nigeria obtain electricity. Having begun with an award-winning pilot project, which brought a six kW microgrid to one village, he is now looking at providing millions of his countrymen with off-grid renewable energy.
It has been a remarkable journey for a man fired by a desire to help lift people out of poverty through access to safe and reliable energy. In 2008, as a student intern with an international oil company, Orajaka visited Nigerian oil facilities. He saw that rural communities near the facilities lacked electricity.
“This spurred me and some of my friends and course mates to brainstorm how to apply our basic engineering and innovative skills towards making an impact in the lives of low income rural dwellers. We wanted to design a platform that would provide them with access to electricity to cater for their basic energy needs,” he said.
Their idea formed the basis of a winning entry for the 2009 Institute of Electrical Electronics Engineers (IEEE) Presidents’ Change the World Project Competition, which seeks to identify students that proffer solutions to real world problems. Thanks to the award, they were able to start a pilot project with funding from both the IEEE and a programme run by the UNDP and Nigeria’s Bank of Industry. The group formed a social enterprise, Green Village Electricity Enterprises, which in 2012 became Green Village Electricity (GVE) Projects Limited, a fully incorporated, private for-profit company.
Green Village Electricity’s pilot project consisted of a six kW solar-powered mini-grid in Egbeke, a small settlement in the Niger Delta region of Nigeria. Solar panels supply the electricity needs of some 140 homes in the village. For the first time, this community has basic lighting and electricity to power small appliances, a health centre and a water borehole.
That pilot project, implemented in a remote settlement by a small unknown organisation, has succeeded beyond all expectations. It has opened up possibilities for rural communities in a country where electricity is in short supply. It has attracted local publicity and international attention and has brought together government and private funding to help GVE further its ambition of bringing clean energy to millions of people in rural Nigeria.
The Egbeke community project was a winner of the 2013 inaugural Power Africa Off-Grid Energy Challenge, launched by GE and the United States African Development Foundation (USADF). The Challenge, now in its third year, aims to drive African growth through reliable, affordable and sustainable power. The Challenge began in Kenya and Nigeria with three winners from each country receiving $100 000 for their innovative off-grid solutions during the first year.
Since receiving the Power Africa grant, GVE has expanded its rural electrification business by 300 per cent to impact 360 households and estimates it has impacted some 3,000 people in these communities. Since commissioning its first PV solar mini-grid pilot project in September 2013, which has already doubled to 12.5 kW, GVE has generated 78MWhrs of clean electricity.
It plans to treble this impact by the end of 2015, and is now looking at communities throughout and beyond Nigeria.
Additional funding is going to support these expansion plans. In July 2015, GVE received a US$675,655 equity and debt investment from the Bank of Industry in Nigeria and will get matching funds of US$65,535 from IEEE Smart Village, which partnered with GVE in the pilot project.
Orajaka says the funding will enable GVE to provide electricity to 200 homes in each of three villages through 24 kW solar based mini-grids. And, if that project is successful, the Bank of Industry plans to expand the GVE off-grid programme to 200,000 households - or more than a million people - in the next five years.
“My greatest joy comes from the fact that we are pioneering an industrial revolution, which has the capacity to impact several millions of people in Sub-Saharan Africa, creating opportunities, improving lives, improving education, enhancing public health and security and boosting rural economic development and sufficiency in a scale that will surpass that of the mobile telecom revolution in the region,” he said.
GVE has grown from a social enterprise into a successful and rapidly expanding energy company.
Orajaka plans to continue the company’s growth through improved processes and procedures, attaining world-class standards as it aspires to bring off-grid electricity to millions of people. On a personal note, he intends to embark on an MBA programme specialising in finance.
He advises other entrepreneurs to remain focused on creating value and never to be deterred by the challenges they may encounter, as these are the stepping stones to success.
He remains driven by the desire he had as a student to bring electricity to communities who have never had it before.
“Seeing smiles and warm gestures of appreciation from children in the communities we have impacted thus far continues to motivate me,” Orajaka says.
By Amanda Khoza, News24
Remain virgins or we will take away your bursaries. This was the condition given to 16 young women who received the Maidens Bursary Award from the UThukela District Municipality for remaining pure.
In addition, they had to undergo virginity testing every holiday to ensure they were not sexually active.
The municipality introduced the new category of bursaries during its Mayoral Matric Excellence Awards on January 11.
Vice President Emmerson Mnangagwa is now the Acting President, taking over from Vice President Phelekezela Mphoko, who has been acting since President Mugabe went on his annual leave last month. President Mugabe has been on leave since December 24, 2015.
"Please kindly note that as of today, Monday, 11th January 2016, Honourable Vice President Emmerson Mnangagwa is the Acting President of Zimbabwe in the absence of His Excellency the President, Cde R.G Mugabe, who is on his traditional annual vacation," read a statement signed by principal director in the Ministry of Information, Media and Broadcasting Services, Mr Regis Chikowore.
This flies in the face of concoctions by the private media which have tried to set up the two Vice Presidents, alleging they belonged to two factions in Zanu-PF that were angling to replace President Mugabe.
Just yesterday, the Daily News claimed that President Mugabe had "snubbed and humiliated" VP Mnangagwa by appointing VP Mphoko for the second consecutive time.
More on This http://allafrica.com/stories/201601120233.html
Senior Reporter Vice President Emmerson Mnangagwa is now the Acting President, taking over from his counterpart … see more »
This recurring conference will be held once a year and feature musical acts, panel discussion, and networking. This year's conference will be held on Friday January 15 2016, at Mist Harlem 46 w 116th street, Harlem. MIST Harlem is a state of the art event space that boasts The Café at MIST, The Bar at MIST Bar, The Terrace at MIST, The Restaurant at MIST and three of the most technologically advanced studios in New York City.
The event features such artists as Wesli, a Haitian-born multi instrumentalist singer-songwriter who conquers the heart of his audience through universal messages of hope, truth and peace. His complex musical arrangements fuse dancehall, reggae, afro beat, kompa, funk, meringue and jazz.
Also on the dock is Anguillan reggae trio British Dependency. This dynamic group of young artists, consisting of Anguilla’s first female bass player, Joyah along with drummer, Jaiden and lead vocalist and guitar player Ishmael, is known for their vintage sound and fresh take on classic reggae styling.
Awa Sangho from Mali, who got her start as a member of the Les Go De Koteba trio, will also be present at this year's conference. Sangho is a socially-conscious lyricist whose music percolates with the rhythms and resonance of Africa.Read More
Other acts include Nkumu Katalay & The “Life Long Project" Band from the Democratic Republic of Congo. Elijah Afolabi (Eli Fola), a Nigerian vocalist, saxophonist, DJ, and music producer. DJ Slimfrom Ghana; and Brown Rice Family, a Brooklyn based “world roots band” jamming towards global solidarity and organic happiness. Their sound fuses afrobeat and reggae, rock and hip-hop, funk and Latin rhythms to create a truly enjoyable moment, rocking out in unity.
This event is officially sponsored by The Bedford Stuyvesant Museum of African Art.
You might haveheardabout Meta Dia the Senegalese reggae singer. We showcased his music video, “Somewhere In Africa.” Meta has been touring the world delivering his soulful and melodic reggae tune. We invite you to check out this video"MAYA RIVER" written by Meta Dia / Drums: Wilburn (Squidly) Cole, Bass: Daniel (Axeman) Thompson, Guitars: "Boo-Pee" Bowen, Donovan Mckitty and Sidney Mills, Keyboards: Aya Kato and Sidney Mills, Percussions: Larry McDonald and Sidney Mills, Background Vocals: Keysha McTaggart and Rovleta Fraser / Mixed by Shane BrownFollow me Meta Dia on facebook.
Idris Elba, D'banj and Shadow Boxxer released their latest music video “Confidential.” Idris Elba, who goes by the name Driis delivered what ladies are calling climax verse .The video which is in black-and-white color was directed by Thomas Ikimi.