Definitely having friends in the corridors of power is a sure banker for one to smile all the way to his bank. A Chief Operating officer of the South African Broadcasting Corporation earned double the salary of the Chief Executive Officer of the same SABC because of his connections to high government officials. Motsoeneng, the guy with then longer reach, earned a total of R2.87 million in 2013, roughly R239, 000 a month, as compared to the R1.758 million (R146, 000) earned by the broadcaster’s acting chief executive officer Tian Olivier. The COO’s R2.87 million was also more than President…
Author: Pride Team
As their colleagues in other jurisdictions jointly-owned projects and go their separate ways, East African heads of state East Africa are polishing their shoes for more joint enterprises. After finalizing arrangements for a one-area telecommunication network for their five countries, Presidents Yoweri Museveni (Uganda), Uhuru Kenyatta (Kenya), Salva Kiir Mayardit (South Sudan), Paul Kagame (Rwanda) and Ethiopian Foreign Affairs Minister, Dr.Tedros Ghebreyesu (Ethiopia) are looking for private investors to partner them for an oil refinery. They are looking for private sector operators to take up 60 percent shares in the refinery while the East African countries would share the remaining…
A Ghanaian Journalist is in danger of being cursed at a notorious fetish in Kumasi, the Ashanti regional capital. A regional transport union leader, Opanyin Yaw Atua, is angry with Kojo Ansah, a reporter with The Heritage newspaper, for allegedly defaming him by reporting that he, Opanyin Atua, had impersonated being a chief during a visit to Eastern Regional Police Headquarters. Kojo Ansah had reported that Opanyin Atua, chairman of a branch of the Ghana Private Road Transport Unit, had disguised himself as a chief and swindled the Eastern Regional Police Commander, DCOP Yaagy Akuriba, into transferring one of his subordinates from the district to headquarters.…
By Alex C Starwood Hotels and Resorts Worldwide Inc. plans to add five new hotels in Nigeria and as many as 20 hotels in Africa over the next four years, as the US owner of the Sheraton and St Regis brands takes advantage of rising travel on the continent. The US company is seeking to add mainly five-star properties to its existing set of 37 hotels, Neil George, senior vice president for acquisitions and development in Africa and the Middle East revealed. Five of the new sites are earmarked for Nigeria, Africa’s biggest economy and most populous nation with about…
By Alex C CAMAC Petroleum Limited, a wholly-owned subsidiary of the United States-based CAMAC Energy Inc., has entered into a credit facility with Zenith Bank plc for a five-year senior secured term loan providing initial borrowing capacity of up to $100 million. Proceeds from the term loan facility will be used for further expansion and development of Oil Mining Leases (OMLs) 120 and 121 offshore Nigeria, including the Oyo Field. US dollar borrowings under the term loan facility will bear interest at the rate of LIBOR plus 7.5 percent, subject to a floor of 9.5 percent. The security package for…
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By Alex C Access Bank plc, with operations in eight other countries, plans to raise N68 billion ($420 million) in a share sale as it pursues expansion and stronger cash reserves. Shareholders are expected to vote on October 13, on the proposal to sell shares to existing investors. The Nigerian Stock Exchange (NSE) suspended movements in the bank’s share price until January 27, to “preserve shareholders’ value” before the planned stock sale. Nigerian banks are preparing to sell equity and debt after the central bank last month changed the way lenders calculate capital buffers. However, the Central Bank of Nigeria…
It was exactly 3 weeks after my last experience at the night club of Orientals, with Ivy (Read here). That was the night I vowed I was gonna be a ‘bad guy’ with girls. Not a pretty decision, I know. After such embarrassment and never-to-be-repeated insult on masculinity, I drank myself to stupor – thanks to Neil; he drove me home, locked my door and left a note of encouragement – he always does that. I was so ashamed of myself that I was locked up indoors for a whole week. Thank God I’m not an office person. I probably…
Man-to-Man is a weekly column that appears every Friday on Pride Magazine Nigeria Online. It is a column for men written by men that aims to encourage and empower our male readers to become Better Men in all spheres of life. We welcome contributions to this column and topics can cover all the gamut of life and living: career, power, politics, finance, love, dating, sex, fashion, grooming, health, fitness, cars, life, and spirituality. Welcome to Man-to-Man Charles O. Anyiam-Osigwe Coordinator cao@pridemagazineng.com So you are interested in dating an older woman? Why? Is it that you do not find women your…
