By Alex C Globacom, Nigeria’s first indigenous telecom operator, has regained the second spot in its home market after losing it temporarily to Airtel recently. The company, owned by Nigerian billionaire Mike Adenuga had seen a concrete threat from Airtel for the second spot in the last year, falling earlier in the year as the Indian multinational stole the market following notable disruptions to Globacom services. Recent figures released by the Nigerian Communications Commission (NCC), the country’s industry regulator, revealed that Globacom had overtaken Airtel, gaining more than 4 million new customers. Glo’s subscriber base grew from 23 million to…
Author: Pride Team
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Mistake #1: Not Eating Enough Keeping yourself properly fueled is vital to a successful workout. Yvonne Castañeda, group exercise manager and private trainer for The Sports Club/LA in Miami, says that many times, when first embarking on a weight-loss journey, her clients skimp on meals. “Working out with little to no food in your system is like embarking on a 300-mile road trip with only a quarter-tank of gas,” she says. “Too often we make the mistake of thinking fewer calories will lead to optimal weight loss. But being properly fueled is essential to making the most of your training.” …
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…
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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