Thursday, May 31, 2012

Profile: R. Donahue Peebles - founder, chairman and CEO of the Peebles Corporation

R. Donahue Peebles at a speaking engagement. PHOTO/flikr

Roy Donahue “Don” Peebles is founder, chairman and CEO of the Peebles Corporation, a real estate development company the largest African American real estate development and ownership company in the US.

Peebles has been featured in publications such as The New York Times, The Washington Post, The Wall Street Journal, Forbes and Ebony. In August 2010, Black Enterprise named him among 40 “Business Titans who shaped our

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Lesotho: Mosisili resigns after his party fails to obtain majority in parliament

Former Lesotho Prime Minister., Pakalitha Mosisili. PHOTO/Gallo Images

Pakalitha Mosisili who led Lesotho for the last 14 years could soon be leading the opposition after his party failed to win a majority in parliament in weekend elections in this mountainous southern African country.

A day after Mosisili resigned as prime minister, Lincoln Ralechate Mokose, the secretary general of his Democratic Congress Party, said in a telephone interview Thursday that his party was seeking

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Zambikes: Bamboo bicycles made in Zambia

In Zambia, bicycles are grown from the ground.

Making the most of the southern African country's bamboo plants, two Zambians and two Americans have set up a company that is crafting high-end, lightweight bicycles with frames made out of the locally-grown wooden weed.

Dubbed Zambikes, the company is putting its custom-built Zambian bikes on roads around the world, offering pedal enthusiasts a unique ride while helping to empower local communities back home.

"It's a plus to have a

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Usain Bolt wins, runs 100m in 9.76 sec in Rome

Jamaica's Usain Bolt (C) wins the men's 100m in Rome - in 9.76sec. PHOTO/Andreas Solaro/AFP

World record-holder Usain Bolt put his poor performance in the Czech Republic behind him with a season's best 9.76 seconds in the 100-meter race at the Golden Gala on Thursday.

Bolt ran a relatively slow 10.04 in Ostrava last week, raising questions about his Olympic preparations.

His previous world's best of 9.82 was set at home in Jamaica this month.

''My drive was better and I started

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Colorectal Cancer is Preventable

(PRNewswire via COMTEX) -- By the National Cancer Institute

Many people who fear cancer don't realize that some types of cancer are preventable. Cancer of the colon or rectum (together referred to as colorectal cancer) is one of these. What's more, colorectal cancer can often be treated effectively if it is found early enough.

Regrettably, African Americans (both men and women) are more likely than people of any other racial/ethnic group in the United States to develop colorectal

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Kenya Airways planning massive expansion over the next few years

Kenya Airways has detailed plans for a major expansion of its operations, which calls for launching services to North and South America, plus Australia, by 2017.

Despite this expansion into new continents, the carrier said the main thrust of its efforts will be to broaden its route map to Asia.

In China, Kenya Airways currently flies only to Guangzhou; by 2021, it plans to add Beijing, Shanghai, Chengdu, Chongqing, Xiamen, Kunming and Urumqi. It also plans launch six new routes into

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Cable &Wireless Jamaica revenues decline 2% to $ 233 million

Cable & Wireless Jamaica (LIME) saw its revenues decline by 2 percent to JMD 20.43 billion (US$ 233 million) in the year ended 31 March 2012. The revenue drop was mainly driven by a 6 percent decrease in fixed-line revenue as a result of a decline in subscriber base and usage. This was offset by increases of 3 percent and 12 percent in mobile and enterprise and data revenues, respectively.

Gross margin for the period increased by 3 percent to JMD 12.26 billion from JMD 11.94 billion (US$

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Election 2012: Is Donald Trump secretly supporting President Obama?

Businessman Donald Trump shakes hands with Republican presidential candidate Mitt Ronmey. Romney's wife Ann looks on. PHOTO/Steve Marcus

The day after hosting a fundraiser for Mitt Romney in Las Vegas, Donald Trump resorted to insisting that Barack Obama was born in Kenya. This is not helping Romney.

Is Donald Trump actually a supporter of President Obama? We ask this question because the real estate mogul/reality show host continues to behave in a manner which does not help, or at

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Wednesday, May 30, 2012

Jamaica, IMF not likely to have agreement soon

Despite an austerity budget and the initial stabs at tax reforms, Jamaica is unlikely to conclude an economic support agreement with the International Monetary Fund (IMF) before October or November, finance minister Peter Phillips has confirmed.

(More: A Stellar Record of Failure: The IMF and Jamaica)

Stung by the failure of the previous administration to aggressively pursue fiscal reform under the standby agreement, the IMF apparently wants credible evidence of the new government's

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Why African Philanthropists Seek 'Africapitalism'

Tony Elumelu

Africa, the second largest continent, is in a fix. It is rich in natural resources. It has a relatively young population, but years after it shook off the last colonialist, it is up to its neck in aid. It still has big problems stemming from a failure of governance, and it has the world's poorest people.

African philanthropists are working to clean up the mess, using hundreds of millions of dollars of their own money to transform Africa both socially and economically.

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Profile: Clifford Franklin - President and CEO FUSE Advertising

Clifford Franklin President and CEO of FUSE Advertising

FUSE advertising, was founded in 1997 as an affiliate company of Final Phase Marketing, which in turn was founded in 1993 by Clifford Franklin and his wife Sharilyn.

FUSE, an integrated advertising agency based in St. Louis, Missouri, generated annual billings of more than US$71 million last year, with clients including CNN, Anheuser Busch and IBM. FUSE was also the advertising agency of record for the historic Obama for

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West Indies fast bowler Kemar Roach forced out with injury

West Indies fast bowler Kemar Roach. PHOTO/File

Fast bowler Kemar Roach has been forced out of the West Indies tour of England with injury.

Roach has been sidelined with shin muscle soreness and will return home to Barbados to allow this to heal before starting a bowling programme again.

West Indies team physiotherapist C.J. Clark said Roach’s workload has led to muscle soreness due to the repeated strain of bowling at high velocities.

Roach is the second fast bowler to break

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Nigeria: 2012 growth revised to 6-7 percent

(Reuters) -The Finance Minister of Nigeria, Ngozi Okonjo-Iweala revised down the country's growth forecasts to 6-7 percent on Wednesday, from 7-8 percent previously.

"We can do 6-7 percent this year. That would be very good," she told a news briefing during an African Development Bank AfDB annual meeting in the Tanzanian city of Arusha.

During the budget presentation for 2012, the government of Nigeria had forecast 7-8 percent growth.

The economy of Nigeria, grew 6.17 percent in

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Election 2012: Team Obama to focus on Romney's record in Massachusetts

U.S. President Barack Obama (l) and Republican presidential candidate, Mitt Romney (r). PHOTO/File

President Barack Obama's campaign is opening a new critique of Mitt Romney, focusing attention on the Republican's economic record as governor of Massachusetts.

Obama's team looked to respond to Romney, who seized the GOP presidential nomination with his primary win in Texas on Tuesday night. That pushed him past the 1,144-delegate threshold he needed to win the nod.

Obama's advisers

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St Kitts-Nevis citizenship by investment program receiving nearly 300 applications annually

Prime Minister of Saint Kitts and Nevis., Denzil Douglas
The Citizenship by Investment Unit in St Kitts and Nevis receives approximately 300 applications per year and collects nearly EC$60 million (US$22 million) in processing fees.
This was disclosed by Prime Minister Dr Denzil Douglas during the last sitting of the St Kitts and Nevis National Assembly.
He said all applications that are received go through the rigors of the system established to ensure that only individuals who are

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Former Liberia President Charles Taylor sentenced to 50 years

Former Liberia President.,Charles Taylor.PHOTO/File

International judges sentenced former Liberian President Charles Taylor to 50 years in prison Wednesday, saying he was responsible for "some of the most heinous and brutal crimes recorded in human history" by arming and supporting Sierra Leone rebels in return for "blood diamonds."

The 64-year-old former president is the first former head of state convicted by an international war crimes court since World War II and judges said they

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Tuesday, May 29, 2012

HBCUs should develop entrepreneurial focus in Academic Offerings to survive

Historically Black Colleges and Universities (HBCUs) are running out of money. Students know it, alumni know it, corporations know it and the government knows it. The only time institutions invest money is when they stand to make money, usually around homecoming and select athletic events.

People have made a great deal of money from HBCUs looking to resolve issues with fundraising, alumni giving and community engagement, all to figure out how black colleges can turn tradition and a

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Telecom giant MTN working with US on Iran sanctions compliance

(Reuters)- African mobile operator MTN said on Tuesday it is working with U.S. authorities to manage compliance with sanctions against Iran, one of its biggest markets.

The telecommunications giant is facing a US$4.2 billion suit in U.S. courts over allegations by rival Turkcell that it used underhand tactics in acquiring the Iranian licence.

Turkcell says MTN bribed both South African and Iranian officials and asked South Africa to provide weapons to Iran to acquire the

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In major upset, Serena Williams will not continue at French Open

Serena Williams. PHOTO/David Vincent/AP

Serena Williams lost in the first round of a major tournament for the first time, falling to Virginie Razzano of France 4-6, 7-6 (5), 6-3 Tuesday at the French Open.

The fifth-seeded Williams was two points from victory nine times in the second set, including leading 5-1 in the tiebreaker. But the 111th-ranked player won six straight points to force a third set, and then took control of the match.

"I made so many errors today, which isn't the

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The Bahamas looking to start drilling for oil in 2013

The company hired by the Bahamas Petroleum Company (BPC) to plan and execute an exploratory well in Bahamian waters says it believes it will be drilling by the end of next year.

Applied Drilling Technology International (ADTI), based in Texas, is a division of Transocean, one of the largest offshore drilling contractors in the world with thousands of employees and billions in annual revenue.

While ADTI refers to itself as a turnkey operator, providing an all-inclusive approach to

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Lesotho elections: Party of Prime Minister Mosisili wins the vote

Lesotho Prime Minister., Pakalitha Mosisili. PHOTO/Gallo Images

The party of the longtime prime minister won Lesotho's parliamentary elections, according to complete results posted Tuesday on the website of the southern African country's Independent Electoral Commission.

Prime Minister Pakalitha Mosisili's Democratic Congress won 41 of 80 seats, the simple majority needed to form a government, though it may need to form a coalition to consolidate power. The All Basotho Convention, the

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Election 2012: Latest poll numbers suggest Obama way ahead of Romney in California

U.S. President Barack Obama (l) and Republican presidential candidate Mitt Romney (r). PHOTO/File

A new poll released Tuesday shows President Barack Obama with a wide lead in California, a state the president won by a landslide in 2008, along with its whopping 55 electoral votes.

According to the USC Dornsife/Los Angeles Times poll, Obama carries a 19-point advantage over Republican rival Mitt Romney, 56 percent-37 percent, a lead that comes as little surprise in the traditionally blue

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Jamaica join the International Ice Hockey Federation

The International Ice Hockey Federation (IIHF) has added Qatar and Jamaica as its 71st and 72nd member nations.

The IIHF says Qatar will become a full member after an audit, and Jamaica joins as an associate member.

The decisions were taken at the governing body’s annual congress in Helsinki, Finland, during the world championships.

The IIHF says Qatar formed an ice hockey body in 2010 and has two rinks in Doha. The tiny, desert nation runs a five-team national league. Qatar is

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Peace on the horizon between Sudan, South Sudan. Troop pullout from Abyei to begin

Sudan’s army will begin pulling out of the contested region of Abyei from Tuesday, as demanded by the United Nations, the army spokesman said.

“We will start tomorrow and we will invite journalists to see this redeployment,” Sawarmi Khaled Saad said in a statement to reporters.

The pullout, ending a year-long occupation, will begin on the same day negotiators from Sudan and South Sudan are to meet in the Ethiopian capital Addis Ababa to resume talks led by African Union mediator

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Monday, May 28, 2012

What a Packet of Fruit Wrinkles Taught me About China’s Involvement in Africa and the Caribbean Region

By Ryan Elcock


I recently stumbled upon an interesting article from the Jakarta Globe called, “China Extends its Economic Influence to the Caribbean Region” which got me thinking about China’s continued involvement in both the Caribbean and Africa and reminded me of an incident I experienced when I was nine years old.

When I was in Grade 4, and on my way to school, I stumbled upon a Muppet Babies figurine, lying on the ground and picked it up with much happiness for such a rare

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What a Packet of Fruit Wrinkles Taught me About China’s Involvement in Africa and the Caribbean Region

By Ryan Elcock

I recently stumbled upon an interesting article from the Jakarta Globe called, “China Extends its Economic Influence to the Caribbean Region” which got me thinking about China’s continued involvement in both the Caribbean and Africa and reminded me of an incident I experienced when I was nine years old.

When I was in Grade 4, and on my way to school, I stumbled upon a Muppet Babies figurine, lying on the ground and picked it up with much happiness for such a rare

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Jo-Wilfried Tsonga proceeds to 2nd round at French Open

Jo Wilfried Tsonga celebrates win over Andrey Kuznetsov in opening round French Open 2012. PHOTO/Bernat Armanangue/AP

Fifth-seeded Jo-Wilfried Tsonga overcame a slow start Sunday to beat Andrey Kuznetsov of Russia 1-6, 6-3, 6-2, 6-4 and reach the second round of the French Open.

Tsonga is the highest-seeded player in action on the opening day of the tournament. He is trying to become the first Frenchman since Yannick Noah in 1983 to win the French Open. His best result at Roland Garros

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