With recurring shortfalls in energy generation and distribution, the Electricity Company of Ghana has proposed a 24-hour blackout, 24-hour lights on for a new load shedding management schedule to enable consumers “to plan their activities to use power efficiently.” However, the ECG seems not to have reckoned the Public Utilities Regulatory Commission which has kicked against the move by the ECG to introduce a new load shedding schedule. But, according to the PURC, stakeholders at a meeting on Thursday, agreed to maintain the 18-hour load shedding management time-table, which is already in place. This means that specific areas will have…
Author: Pride Team
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The executive committee members of Kenya’s main opposition party, The Orange Democratic Movement are at each other’s throat over Sh.87.4 million the party by the state as funding. Mr. Magerer Lang’at, ODM Executive Director who is currently on suspension and scheduled to appear before the party disciplinary committee, say he is being persecuted because he opposes what others want to use the Sh87.4 which was given the party from the Political Parties Fund. Lang’at believes he is being hounded out of office to pave the way for installation of new officials who would agree to whatever the powers that be…
The controversial security upgrade at President Jacob Zuma’s country home in KwaZulu Natal has earned him another embarrassing investigation by the independent-minded South African Police. The Police say that they investigating President Zuma in response to corruption charges filed against Zuma by Democratic Alliance opposition leader Mmusi Maimane in March. South African police confirmed on Monday Nov 10 they were looking into publicly-funded renovations worth $23 million (18 million euros) at the president’s rural homestead in the eastern province of KwaZulu-Natal. Zuma has maintained that the refurbishments at the Nkandla property, which include a swimming pool, private clinic and amphitheater,…
Emeritus World Footballer of the Year George Weah may as well start calling himself a member of the Senate of the Republic of Liberia even though the date of the senatorial election that may elect him is still a matter of dispute. While the Senate insists that the date should be December 30, 2014 and the House of Representatives prefers it two weeks earlier, 14 out of the 17 members of the House Reps from Weah’s Montserrado County have endorsed him as their Senator-to-be. And the support is not being offered as through a la ‘read my lips’ but through…
Veterans of Zimbabwe’s war of independence have called on the Politburo, the command and control of the ruling Zanu-PF, to dismiss and suspend more of the dissident members of the party who are “covertly pushing for the removal” of President Robert Mugabe. The veterans’ call follows last Thursday’s (Nov. 13) Politburo’s suspension of Zanu-PF secretary for information and publicity, Cde Rugare Gumbo, and Cde Enoch Porusingazi and the dismissal of former Zimbabwe National Liberation War Veterans Association chairman Jabulani Sibanda. The Veterans welcomed the action as confirming that the “centre still holds”. The WAR veterans Friday warned Zanu-PF secretary for…
By Alex C Mansard Insurance Plc’s 18.12 percent increase in third quarter premium means the Insurer is tapping into the Nigeria robust economy analysis of the financial statement shows. For the first nine months through September 2014, Mansard’s gross premium income increased by 18.12 percent to N10.82 billion from N9.16 billion in the same period of the corresponding year (Q3) 2013. Underwriting capacity was efficient as net premium income increased by 22.07 percent to N6.54 billion in Q3 2014 compared with N5.34 billion as at Q3 2013. It is also expected that the new auto mobile policy will be a…
By Alex C Underwriting firm, Sovereign Trust Insurance plc has noted growth opportunities in Nigeria’s burgeoning economy, rising population, low insurance penetration and ongoing reforms in the power sector, saying it provides potential for new income and increased shareholder value. Looking at the future outlook of the insurance industry, the Company argues that with ongoing reforms in the economy, there would be increased demand for risk management and suggest why there has been increased interest of foreign players in the industry in recent times. Ephraim Faloughi, chairman of the board Sovereign Trust Insurance plc speaking on the future of the…
By Alex C Rom Oil Mills Limited, an automated edible oil refinery and margarine company was recently commissioned by Oyo state Governor Abiola Ajimobi. The company, a subsidiary company of Flour Mills of Nigeria Plc, is expected to refine crude palm kernel oil, crude palm oil and crude soybean oil into refined oil and distilled fatty acids. The establishment is a-400 metric tonnes per day universal refinery. Speaking at the inauguration of the firm in Ibadan, Governor Ajimobi said his administration would continue to do all within its powers to ensure that the state continued to be the preferred destination…
Gubernatorial aspirant and the ‘anointed candidate’ of the APC in Lagos state election in 2015 has gone a step further to win the hearts of Lagosians. The campaign team of Akinwumi Ambode is not relenting in seeing Ambode is widely accepted. Tinubu’s financial strategy of raising funds for Ambode’s campaign through LGs and LCDAs in Lagos ensures the team has money to spend. They have taken the battle of publicity to the telecommunication industry as they engaged the services of leading Telecommunication company in Nigerian to project his image. We confirmed this Ambode campaign recharge card and discovered it not…