Jason Njoku
Jason Njoku | Age: 31 | Founder/CEO, Iroko Partners
Iroko Partners is the world’s largest online distributor of Nigerian films. Njoku has described the company’s iROKOtv platform as the “Netflix of Africa”. Iroko recently received an US$8 million investment from Tiger Global Management, a New York-based venture capital and private equity fund.
(More: Jason Njoku: Nigerian entrepreneur secures $8 million from NYC investor)
Njoku’s first job was selling fruit
Tuesday, July 31, 2012
London 2012: Gabby Douglas leads US women's gynastics to gold
Gabby Douglas. PHOTO/Kyle Terada/US Presswire
The U.S. women’s gymnastics team won its first Olympic team gold medal since 1996 and only its second in history at the London Games, as Russia, its closest competitor, imploded on its final event.
With it, this group of American women — some are already hailing them as the Fab Five — takes its place alongside the Magnificent Seven, who won the prestigious team gold at the 1996 Atlanta Games.
In similar fashion, this year’s U.S.
The U.S. women’s gymnastics team won its first Olympic team gold medal since 1996 and only its second in history at the London Games, as Russia, its closest competitor, imploded on its final event.
With it, this group of American women — some are already hailing them as the Fab Five — takes its place alongside the Magnificent Seven, who won the prestigious team gold at the 1996 Atlanta Games.
In similar fashion, this year’s U.S.
Capt. Ian Brunton appointed new CEO of LIAT
The Board of Directors of LIAT Airline today announced the appointment of Captain Ian Arthur Brunton as Chief Executive Officer (CEO) with effect from August 1, 2012.
Captain Brunton takes over from Mrs. Julie Reifer-Jones who has been Acting CEO since the departure of Mr. Brian Challenger who resigned from the post on June 30, 2012.
Captain Brunton has had a long and distinguished career in aviation, serving in almost every aspect of the business. He began his career as a pilot in
Captain Brunton takes over from Mrs. Julie Reifer-Jones who has been Acting CEO since the departure of Mr. Brian Challenger who resigned from the post on June 30, 2012.
Captain Brunton has had a long and distinguished career in aviation, serving in almost every aspect of the business. He began his career as a pilot in
Togo: New Prime Minister forms government
The new prime minister of Togo has put together a transitional government following months of political turmoil in the tiny West African country.
An announcement read on national television Tuesday confirmed the formation of the 29-member government, which includes many of the same members as the previous one.
Prime Minister Kwesi Seleagodzi Ahoomey-Zunu's new government includes six ministers from the largest parliamentary opposition party.
The former prime minister handed in his
An announcement read on national television Tuesday confirmed the formation of the 29-member government, which includes many of the same members as the previous one.
Prime Minister Kwesi Seleagodzi Ahoomey-Zunu's new government includes six ministers from the largest parliamentary opposition party.
The former prime minister handed in his
Obama's Executive Order to benefit African Americans for generations to come
African American school children. PHOTO/NewsOne.com
President Barack Obama signed a highly acclaimed executive order July 26, one that will significantly improve the education of African Americans.
For educators across the United States, the initiative is a long time coming. Many are hopeful the president's recent action will finally facilitate a level playing field for black children, most of whom have been receiving substandard classroom instruction in comparison to their white
President Barack Obama signed a highly acclaimed executive order July 26, one that will significantly improve the education of African Americans.
For educators across the United States, the initiative is a long time coming. Many are hopeful the president's recent action will finally facilitate a level playing field for black children, most of whom have been receiving substandard classroom instruction in comparison to their white
London 2012:Venus Williams beats Alesandra Wozniak to advance to 3rd round
Venus Williams beats Alesandra Wozniak. PHOTO/AP
Venus Williams keeps moving forward in the Olympics.
Charging the net with renewed zeal, Williams reached the third round Tuesday by beating Aleksandra Wozniak of Canada 6-1, 6-3.
Back on her favorite stage, Center Court at Wimbledon, Venus Williams dominated with her aggressiveness, which is what makes her so dangerous on grass. She won 15 of 16 points when she reached the net, and of the points she has won through two rounds, nearly
Venus Williams keeps moving forward in the Olympics.
Charging the net with renewed zeal, Williams reached the third round Tuesday by beating Aleksandra Wozniak of Canada 6-1, 6-3.
Back on her favorite stage, Center Court at Wimbledon, Venus Williams dominated with her aggressiveness, which is what makes her so dangerous on grass. She won 15 of 16 points when she reached the net, and of the points she has won through two rounds, nearly
The Curious Case of China [and Africa]
As at August 1, 2012, China has more medals than any other country at the London Olympic Games. The Chinese are probably on track to win just as many gold medals [51] as they did in 2008. Basically, since the 2004 Olympics in Athens, the U.S. has had to play second fiddle to the Middle Kingdom [although the U.S. collectively, has more medals than any other country]. Away from medals but still close to the Games, China is also ‘guilty’ of being the manufacturer of most of the clothes the
Jamaica: Supreme Court renders JPS monopoly licence invalid
The Supreme Court has ruled that the licence held by the Jamaica Public Service (JPS) is not exclusive, paving the way for other players to enter the market for distribution of electricity.
In his ruling, Supreme Court Judge Bryan Sykes said the minister does not have the power to grant a license on terms which prevent other applicants from having their applications being considered genuine.
The ruling was immediately hailed by Hugh Wildman, attorney for the claimants, as a major
In his ruling, Supreme Court Judge Bryan Sykes said the minister does not have the power to grant a license on terms which prevent other applicants from having their applications being considered genuine.
The ruling was immediately hailed by Hugh Wildman, attorney for the claimants, as a major
Africa: Best employers to be identified by independent index
Business is booming on the continent of Africa, which means an increased need for talent management. In recognition of this, the popular Best Employers research is being extended to include the best HR performers on the continent.
Africa is thriving: GDP is increasing at an average of 5 percent each year and, in anticipation of the typical emerging-market benefits - low-cost labor and a vast pool of new customers, businesses are flooding into the continent in the hope of long-term growth.
Africa is thriving: GDP is increasing at an average of 5 percent each year and, in anticipation of the typical emerging-market benefits - low-cost labor and a vast pool of new customers, businesses are flooding into the continent in the hope of long-term growth.
Haiti to work with Brazil, Ecuador to build new army
Haiti has agreed to work with Brazil and Ecuador to set up a new army that will eventually replace the U.N. peacekeeping force that has protected the Caribbean nation on and off since 1994, officials say.
Haiti’s President Michel Martelly has been pushing the idea of reconstituting the army for almost a year, saying Haitians would prefer to have their country protected by its own troops rather than United Nations soldiers deployed in Haiti.
Brazil’s Defense Ministry confirmed it was
Haiti’s President Michel Martelly has been pushing the idea of reconstituting the army for almost a year, saying Haitians would prefer to have their country protected by its own troops rather than United Nations soldiers deployed in Haiti.
Brazil’s Defense Ministry confirmed it was
Monday, July 30, 2012
London 2012: Venus and Serena Williams advance
Serena Williams and Venus Williams during their Women's Doubles Tennis match against Sorana Cirstea and Simona Halep of Romania. PHOTO/Clive Brunskill/Getty Images
A schedule backlog transformed the Olympics at Wimbledon into a parade of Grand Slam champions Monday, with the Williams sisters and Roger Federer all playing at the same time.
And all won.
“What a good day for fans between me, Venus, Roger and all the other players,” Serena Williams said. “It’s really such a great
A schedule backlog transformed the Olympics at Wimbledon into a parade of Grand Slam champions Monday, with the Williams sisters and Roger Federer all playing at the same time.
And all won.
“What a good day for fans between me, Venus, Roger and all the other players,” Serena Williams said. “It’s really such a great
Profile: Abdu Sekalala - Ugandan student makes a fortune building Apps
Abdu Sekalala. PHOTO/File
Meet Abdu Sekalala a 22-year-old Ugandan IT student.
Sekalala has made a fortune from building mobile apps - benefiting from Africa's fast-growing telecommunications market.
Sekalala designed nine global apps, competing with some of the world's most popular applications.
"We have word book which is a dictionary and the Tutu translate which is basically a translator and then there is world sports which is a sports application for soccer fans," Sekalala
Meet Abdu Sekalala a 22-year-old Ugandan IT student.
Sekalala has made a fortune from building mobile apps - benefiting from Africa's fast-growing telecommunications market.
Sekalala designed nine global apps, competing with some of the world's most popular applications.
"We have word book which is a dictionary and the Tutu translate which is basically a translator and then there is world sports which is a sports application for soccer fans," Sekalala
Barbados To Host 8th Annual African Diaspora Heritage Trail Conference
(PRNewswire) - In an effort to bring renewed focus to the rich histories of the African Diaspora and its lasting impression on the Caribbean, the island of Barbados is hosting the 8th Annual African Diaspora Heritage Trail Conference (ADHT). The event, taking place September 17-19th, will unite Government leaders, officials, educators and travel/tourism professionals spanning across the globe, creating a deeper understanding of the world's global ties as well as highlighting the island's
Understanding the reason(s) for the decline in the number of African-American baseball players
Baseball Hall of Famer., Jackie Robinson. PHOTO/File
If you look at the current rosters for the Cubs and the Sox, you'll only find one African American player, Orlando Hudson.
There were a lot of theories thrown out as to why there are fewer and fewer black or African American faces in the ranks of the Major League Baseball (MLB).
Is the lack of African American players a reason for declining black audiences? Or is declining black interest in baseball in general to blame for the lack
If you look at the current rosters for the Cubs and the Sox, you'll only find one African American player, Orlando Hudson.
There were a lot of theories thrown out as to why there are fewer and fewer black or African American faces in the ranks of the Major League Baseball (MLB).
Is the lack of African American players a reason for declining black audiences? Or is declining black interest in baseball in general to blame for the lack
Bahamas: Drug resistant bacteria kills; and sickens babies
Acinetobacter Bamannii. PHOTO/Wikipedia
The Bahamas Public Hospitals Authority has reported that two babies have died and another six are being treated following a bacteria outbreak at a neonatal intensive care unit.
Bahamas health officials have revealed in a statement that the acinetobacter bamannii outbreak occurred at Princess Margaret Hospital.
Bahamas Health Minister Dr. Perry Gomez said Friday that he did not think the outbreak was properly handled because the hospital
The Bahamas Public Hospitals Authority has reported that two babies have died and another six are being treated following a bacteria outbreak at a neonatal intensive care unit.
Bahamas health officials have revealed in a statement that the acinetobacter bamannii outbreak occurred at Princess Margaret Hospital.
Bahamas Health Minister Dr. Perry Gomez said Friday that he did not think the outbreak was properly handled because the hospital
Election 2012: Obama campaign to use Bill Clinton in key role at Democratic convention
U.S President Barack Obama (l) and Republican presidential candidate Mitt Romney (r). PHOTO/AP
Former President Bill Clinton will have a marquee role in this summer’s Democratic National Convention, where he will make a forceful case for President Barack Obama’s re-election and his economic vision for the country, several Obama campaign and Democratic party officials said Sunday.
The move gives the Obama campaign an opportunity to take advantage of the former president’s immense
Former President Bill Clinton will have a marquee role in this summer’s Democratic National Convention, where he will make a forceful case for President Barack Obama’s re-election and his economic vision for the country, several Obama campaign and Democratic party officials said Sunday.
The move gives the Obama campaign an opportunity to take advantage of the former president’s immense
London 2012: Alia Atkinson wins swim-off to advance to final
Jamaica's Alia Atkinson. PHOTO/AP
Jamaica’s Alia Atkinson won her swim-off Sunday afternoon beating Tera Van Beilen of Canada into second.
Atkinson swam in a time of 1:06.79, while Van Beilen clocked 1:07.73.
The swim-off between Atkinson and Van Beilen was forced after a dramatic tie in the semi final earlier with Van Beilen in a time of 1:07.48.
Atkinson now advances to the
Jamaica’s Alia Atkinson won her swim-off Sunday afternoon beating Tera Van Beilen of Canada into second.
Atkinson swam in a time of 1:06.79, while Van Beilen clocked 1:07.73.
The swim-off between Atkinson and Van Beilen was forced after a dramatic tie in the semi final earlier with Van Beilen in a time of 1:07.48.
Atkinson now advances to the
Mali: Interim President returns from hospital
Interim Mali President.,Dioncounda Traoré. PHOTO/File
In his first address to the nation since returning home from hospital, the interim president of Mali, said that he “fully trusts” the army to assure his security and outlined plans for the transitional government he hopes to lead until new elections can be held.
In May, the interim president Dioncounda Traoré was attacked by a mob of protesters allied with the country’s coup leader, who had just days earlier signed an
In his first address to the nation since returning home from hospital, the interim president of Mali, said that he “fully trusts” the army to assure his security and outlined plans for the transitional government he hopes to lead until new elections can be held.
In May, the interim president Dioncounda Traoré was attacked by a mob of protesters allied with the country’s coup leader, who had just days earlier signed an
Sunday, July 29, 2012
Jamaica: Former PM Bruce Golding seeks treatment abroad
Former Jamaican Prime Minister Bruce Golding. PHOTO/File
Former prime minister Bruce Golding has left Jamaica on Sunday for medical treatment.
Golding, who resigned from office last year ahead of elections last December, recently had back surgery. A second procedure was performed following some complications and sources have revealed that the former Prime Minister has travelled to Florida where he will undergo tests and possibly more surgery in the coming days.
The main opposition
Former prime minister Bruce Golding has left Jamaica on Sunday for medical treatment.
Golding, who resigned from office last year ahead of elections last December, recently had back surgery. A second procedure was performed following some complications and sources have revealed that the former Prime Minister has travelled to Florida where he will undergo tests and possibly more surgery in the coming days.
The main opposition
London 2012: Konate scores twice as Senegal beats Uruguay 2-0
Moussa Konate scores goal for Senegal against Uruguay. PHOTO/Getty Images
Moussa Konate scored two first-half goals as 10-man Senegal handed Uruguay its first-ever Olympic defeat in a 2-0 win on Sunday.
Konate tapped in the rebound from Cheikhou Kouyate's saved header for an easy 10th-minute opener in front of 76,071 spectators at Wembley Stadium.
Uruguay's defense was left flat-footed again on Konate's second in the 37th when five defenders watched him head home a corner seven
Moussa Konate scored two first-half goals as 10-man Senegal handed Uruguay its first-ever Olympic defeat in a 2-0 win on Sunday.
Konate tapped in the rebound from Cheikhou Kouyate's saved header for an easy 10th-minute opener in front of 76,071 spectators at Wembley Stadium.
Uruguay's defense was left flat-footed again on Konate's second in the 37th when five defenders watched him head home a corner seven
London 2012: Cuba's Yanet Bermoy Acosta brings Caribbean its first medal of the games
A jubilant Yanet Bermoy Acosta celebrates after defeating Ilse Heylen (blue) of Belgium in their women's semi-final judo match at the London 2012 Olympic Games. PHOTO/Toru Hanai/Reuters
Yanet Bermoy Acosta of Cuba, won a silver medal in the women’s under-52kgs judo final.
Acosta's silver medal is the Caribbean region’s first London 2012 Olympic medal.
Acosta, is coached by Ronaldo Veitia and is one of 110 Cuban athletes at the Games.
She was defeated in the gold medal match by
Yanet Bermoy Acosta of Cuba, won a silver medal in the women’s under-52kgs judo final.
Acosta's silver medal is the Caribbean region’s first London 2012 Olympic medal.
Acosta, is coached by Ronaldo Veitia and is one of 110 Cuban athletes at the Games.
She was defeated in the gold medal match by
Lewis Hamilton wins Hungarian Grand Prix
Lewis Hamilton (r) walks next to his father Anthony ahead of the Grand Prix. PHOTO/Reuters
Lewis Hamilton won the Hungarian Grand Prix on Sunday, prolonging McLaren's dominance on the slow and winding Hungaroring circuit.
Hamilton completed the Formula One race in 1 hour, 41 minutes, 5.503 seconds — more than a second ahead of Lotus driver Kimi Raikkonen. Romain Grosjean, also of Lotus, was third. It was McLaren's sixth win here in eight years.
"Really fantastic," Hamilton said
Lewis Hamilton won the Hungarian Grand Prix on Sunday, prolonging McLaren's dominance on the slow and winding Hungaroring circuit.
Hamilton completed the Formula One race in 1 hour, 41 minutes, 5.503 seconds — more than a second ahead of Lotus driver Kimi Raikkonen. Romain Grosjean, also of Lotus, was third. It was McLaren's sixth win here in eight years.
"Really fantastic," Hamilton said
London 2012: Kevin Durant scores 22, as USA routs France 98-71
Lebron James hangs on the rim during the men's Group A basketball match at the London 2012 Olympic Games in the Basketball arena July 29, 2012. PHOTO/Sergio Perez/Reuters
Kevin Durant scored 22 points in his Olympic debut, Kevin Love added 14 and LeBron James had eight assists as the American men's basketball team overcame some sloppy moments with a 98-71 win Sunday over France.
"We know everybody else expects us to win by 40 points," said Carmelo Anthony. "For us, a win's a win. We
Kevin Durant scored 22 points in his Olympic debut, Kevin Love added 14 and LeBron James had eight assists as the American men's basketball team overcame some sloppy moments with a 98-71 win Sunday over France.
"We know everybody else expects us to win by 40 points," said Carmelo Anthony. "For us, a win's a win. We
London 2012: Jennifer Abel and Emilie Heymans win Canada's first medals
Jennifer Abel (l) and Emilie Heymans (r) with their bronze medals. PHOTO/Canadian Press
Canada has its first medal of the London Olympics.
Divers Jennifer Abel and Emilie Heymans have claimed bronze in the women's three-metre synchronized event.
World champions Minxia Wu and He Zi of China won gold while Americans Kelci Bryant and Abigail Johnston captured silver.
The 20-year-old Jennifer Abel, from Laval, Quebec, and Heymans won silver in the event at last year's world
Canada has its first medal of the London Olympics.
Divers Jennifer Abel and Emilie Heymans have claimed bronze in the women's three-metre synchronized event.
World champions Minxia Wu and He Zi of China won gold while Americans Kelci Bryant and Abigail Johnston captured silver.
The 20-year-old Jennifer Abel, from Laval, Quebec, and Heymans won silver in the event at last year's world
London 2012: St Kitts and Nevis sprinter Tameka Williams out for using banned drug
St Kitts and Nevis sprinter Tameka Williams. PHOTO/AFP
St Kitts and Nevis sprinter Tameka Williams has been sent home from the Olympics after admitting to taking a banned substance, officials from the Caribbean nation confirmed Sunday.
The St Kitts and Nevis Olympic Committee said in a statement released on the country's national athletics federation Facebook page that Williams, 22, left London on Saturday in connection with the case.
"The St. Kitts and Nevis Olympic Committee
St Kitts and Nevis sprinter Tameka Williams has been sent home from the Olympics after admitting to taking a banned substance, officials from the Caribbean nation confirmed Sunday.
The St Kitts and Nevis Olympic Committee said in a statement released on the country's national athletics federation Facebook page that Williams, 22, left London on Saturday in connection with the case.
"The St. Kitts and Nevis Olympic Committee
Mali: Military intervention inevitable - Ivory Coast president
The Ivory Coast president says military intervention in Mali is "inevitable" within weeks, if there's no quick change in the West African country where Islamist extremists affiliated to Al-Qaeda have overrun the north.
Alassane Ouattara said in an interview published Sunday in the French weekly Le Journal du Dimanche the intervention force would likely include soldiers from Niger, Nigeria and perhaps countries such as Chad, with logistical help from France and the United States. He
Alassane Ouattara said in an interview published Sunday in the French weekly Le Journal du Dimanche the intervention force would likely include soldiers from Niger, Nigeria and perhaps countries such as Chad, with logistical help from France and the United States. He
Friday, July 27, 2012
Election 2012: Election official in Pennsylvania will not enforce voter suppression law
African American voters in Maryland. PHOTO/Rich Vary/NewsHour
An election official in Pennsylvania has said that he will not enforce the state's voter I.D. law.
Christopher Broach, a Democrat from Colwyn, Pennsylvania told the Philadelphia Inquirer that he would continue to honor the state's old voting rules.
Supporters of the law, whose fate will be decided in a closely watched state court case, say that is necessary to prevent voter fraud. But the state's attorneys recently
An election official in Pennsylvania has said that he will not enforce the state's voter I.D. law.
Christopher Broach, a Democrat from Colwyn, Pennsylvania told the Philadelphia Inquirer that he would continue to honor the state's old voting rules.
Supporters of the law, whose fate will be decided in a closely watched state court case, say that is necessary to prevent voter fraud. But the state's attorneys recently
London 2012: Usain Bolt is ready for games - doctor
Usain Bolt in London. PHOTO/Dylan Martinez/Reuters
Jamaica track and field team doctor, Winston Dawes, says Usain Bolt is fit, healthy and ready for the Olympic games despite lingering public concerns over his fitness.
Dr Dawes has shrugged off suggestions that Bolt will miss the Games with injury despite reports that the Olympic champion is suffering with niggling leg and back problems.
Bolt withdrew from last Friday’s Monaco Diamond League meeting, where he had been due to run
Jamaica track and field team doctor, Winston Dawes, says Usain Bolt is fit, healthy and ready for the Olympic games despite lingering public concerns over his fitness.
Dr Dawes has shrugged off suggestions that Bolt will miss the Games with injury despite reports that the Olympic champion is suffering with niggling leg and back problems.
Bolt withdrew from last Friday’s Monaco Diamond League meeting, where he had been due to run
London 2012: Soccer - Senegal 1, Britain 1
Moussa Konate (C) celebrates after scoring during the London 2012 Olympic Games men's football match between Senegal and Britain. PHOTO/France24
Senegal spoiled Britain's long-awaited return to Olympic football on Thursday, snatching a late equaliser to earn a 1-1 draw in a bruising encounter at Old Trafford.
Moussa Konate's 82nd minute leveller prevented Britain from making a winning start to their first appearance in an Olympic football tournament for 52 years after Craig Bellamy had
Senegal spoiled Britain's long-awaited return to Olympic football on Thursday, snatching a late equaliser to earn a 1-1 draw in a bruising encounter at Old Trafford.
Moussa Konate's 82nd minute leveller prevented Britain from making a winning start to their first appearance in an Olympic football tournament for 52 years after Craig Bellamy had
Barbados bans all poultry products from Mexico
Mexican animal health officials examining poultry at a commercial farm in Jalisco in late June 2012. PHOTO/Mexico Agriculture Department
Barbados has banned the importation of live birds, poultry and poultry products from Mexico.
This drastic action has been taken by the Veterinary Services Department of the Ministry of Agriculture (Barbados) following a major outbreak of Highly Pathogenic Avian Influenza (HPAI) H7N3, commonly referred to as bird flu, in the Western state of Jalisco,
Barbados has banned the importation of live birds, poultry and poultry products from Mexico.
This drastic action has been taken by the Veterinary Services Department of the Ministry of Agriculture (Barbados) following a major outbreak of Highly Pathogenic Avian Influenza (HPAI) H7N3, commonly referred to as bird flu, in the Western state of Jalisco,
Wednesday, July 25, 2012
African-American business owners to urge Obama to aid growth
President Obama's speech to the National Urban League conference in New Orleans on Wednesday night coincides with a debate over the role of government in helping small businesses succeed.
African-Americans say they have an especially hard time when it comes to owning and operating their own businesses.
Lots of African-Americans, whom studies show haven't accumulated nearly the same amount of wealth as whites.
Though the number of businesses owned by African-Americans has grown
African-Americans say they have an especially hard time when it comes to owning and operating their own businesses.
Lots of African-Americans, whom studies show haven't accumulated nearly the same amount of wealth as whites.
Though the number of businesses owned by African-Americans has grown
Jamaica: Lawmakers prepare to establish CCJ as final court
Jamaica has taken a major step toward making the Caribbean Court of Justice (CCJ) it's final appelate court.
Leader of the House of Representatives Phillip Paulwell today gave notice that at the next sitting of the House Prime Minister Portia Simpson-Miller would be moving for first reading of three bills related to the establishment of the CCJ.
(More: Jamaica moves closer to becoming a republic – looking to abolish appeals to Privy Council)
In order to establish the CCJ, the
Leader of the House of Representatives Phillip Paulwell today gave notice that at the next sitting of the House Prime Minister Portia Simpson-Miller would be moving for first reading of three bills related to the establishment of the CCJ.
(More: Jamaica moves closer to becoming a republic – looking to abolish appeals to Privy Council)
In order to establish the CCJ, the
Africa: Private Equity - New Cash for Expanding Businesses
Africa is growing, and African companies need cash to expand. Investors want in on the action, especially given low returns in many other parts of the world these days. But with few stocks and bonds, and scant liquidity for those out there, how do investors get a foothold? And how do African firms access much-needed cash?
Enter private equity - the purchase by a private investor of a share of a company that is not listed on a stock market. The company can take the money from the sale and
Enter private equity - the purchase by a private investor of a share of a company that is not listed on a stock market. The company can take the money from the sale and
London 2012: Gabby Douglas gunning for gold - athlete to watch
Gabby Douglas. PHOTO/Kyle Terada/US Presswire
Gabby Douglas, 16, is a gymnast to watch at the London Olympics. She finished first at the U.S. Olympic trials to earn an automatic berth on the U.S. team.
In London, Douglas hopes to match the feats of another African-American gymnast who excelled at the Olympics.
Douglas is the only African-American on the U.S. women's team. Her top role model is Dominique Dawes, a three-time Olympian and the first African-American to win a medal in
Gabby Douglas, 16, is a gymnast to watch at the London Olympics. She finished first at the U.S. Olympic trials to earn an automatic berth on the U.S. team.
In London, Douglas hopes to match the feats of another African-American gymnast who excelled at the Olympics.
Douglas is the only African-American on the U.S. women's team. Her top role model is Dominique Dawes, a three-time Olympian and the first African-American to win a medal in
Jamaica: Samsung wins bid for LNG project
South Korean company Samsung has emerged the preferred bidder to develop liquefied natural gas (LNG) infrastructure in Jamaica.
Jamaica has set up a committee that is set to begin negotiations with Samsung, which beat out companies such as Exmar Marine of Belgium and Sener Ingenieria y Sisternas, SA of Spain for the job to develop the floating storage regasification unit and LNG terminal.
The introduction of LNG forms a key element to drive economic growth in Jamaica via slashing
Jamaica has set up a committee that is set to begin negotiations with Samsung, which beat out companies such as Exmar Marine of Belgium and Sener Ingenieria y Sisternas, SA of Spain for the job to develop the floating storage regasification unit and LNG terminal.
The introduction of LNG forms a key element to drive economic growth in Jamaica via slashing
Tuesday, July 24, 2012
Mike Tomlin and the Pittsburgh Steelers agree to contract extension
Pittsburgh Steelers head coach Mike Tomlin during action against the Buffalo Bills November 28, 2010. PHOTO/Doug Benz/Reuters
The Pittsburgh Steelers have ended at least one contract distraction before training camp starts.
The team and coach Mike Tomlin agreed to an extension on Tuesday that will keep him on the sideline through at least 2016. Financial terms were not disclosed. Tomlin’s previous deal expired at the end of the 2013 season.
The 40-year-old Tomlin, a surprise choice
The Pittsburgh Steelers have ended at least one contract distraction before training camp starts.
The team and coach Mike Tomlin agreed to an extension on Tuesday that will keep him on the sideline through at least 2016. Financial terms were not disclosed. Tomlin’s previous deal expired at the end of the 2013 season.
The 40-year-old Tomlin, a surprise choice
Profile: Mariéme Jamme - founder and CEO Spot One Global solutions
Mariéme Jamme - founder and CEO Spot One Global solutions. PHOTO/CNN
Mariéme Jamme, a serial entrepreneur, is the founder and CEO of Spot One Global solutions, a successful company that specializes in helping technology companies establish markets in Africa, Europe the Middle East and Asia.
Jamme is also the founder of The Africa gathering initiative - a social network that is specifically designed to enable African business experts, entrepreneurs and like-minded individuals to
Mariéme Jamme, a serial entrepreneur, is the founder and CEO of Spot One Global solutions, a successful company that specializes in helping technology companies establish markets in Africa, Europe the Middle East and Asia.
Jamme is also the founder of The Africa gathering initiative - a social network that is specifically designed to enable African business experts, entrepreneurs and like-minded individuals to
Haiti to hold legislative and local elections this year
The government of Haiti is promising to hold legislative and local elections before the end of the year.
Prime Minister Laurent Lamothe said at a Tuesday news conference in Washington, D.C., that the vote will require about US$60 million to become a reality.
The election seeks to fill 10 seats in the 30-member Senate. The terms of those seats expired in May because elections weren't held in time.
The race will include posts for mayors throughout the country.
Haiti President
Prime Minister Laurent Lamothe said at a Tuesday news conference in Washington, D.C., that the vote will require about US$60 million to become a reality.
The election seeks to fill 10 seats in the 30-member Senate. The terms of those seats expired in May because elections weren't held in time.
The race will include posts for mayors throughout the country.
Haiti President
London 2012: Serena Williams ready for Wimbledon again
Serena Williams wins Wimbledon 2012. PHOTO/Glyn Kirk/AFP/GettyImages
Serena Williams says she feels "really good" and is ready to go for another title at Wimbledon.
But whether it’s for three Olympic golds or just two is still up in the air.
Williams pulled out of a World Team Tennis match in Washington last week to rest her back before the Olympics. She said Tuesday she doesn’t have any injury concerns as she prepares for a quick return to the All England Club. She won her fifth
Serena Williams says she feels "really good" and is ready to go for another title at Wimbledon.
But whether it’s for three Olympic golds or just two is still up in the air.
Williams pulled out of a World Team Tennis match in Washington last week to rest her back before the Olympics. She said Tuesday she doesn’t have any injury concerns as she prepares for a quick return to the All England Club. She won her fifth
Senate confirms Michael Shipp as Federal District court Judge for New Jersey
Judge Michael Shipp. PHOTO/Carmen Natale
The Senate voted nearly unanimously Monday to confirm Michael Shipp to be a judge for the District of New Jersey, even though the vote became the focus of partisan bickering about control of the Senate floor.
Shipp, former counsel to a New Jersey attorney general who became the first African-American magistrate in that district five years ago, was confirmed with a 91-1 vote. Both Republicans and Democrats supported Shipp, described on the
The Senate voted nearly unanimously Monday to confirm Michael Shipp to be a judge for the District of New Jersey, even though the vote became the focus of partisan bickering about control of the Senate floor.
Shipp, former counsel to a New Jersey attorney general who became the first African-American magistrate in that district five years ago, was confirmed with a 91-1 vote. Both Republicans and Democrats supported Shipp, described on the
Ghana President John Atta Mills dies suddenly
Ghana's President John Evans Atta Mills speaks during a meeting with U.S. President Barack Obama in the Oval Office of the White House in Washington, March 8, 2012. PHOTO/Joshua Roberts/Reuters
John Atta Mills, who ran three times for president before being elected in the closest vote in the country's history on a platform vowing to reform the West African country of Ghana, died Tuesday, according to Information Minister Fritz Baffour. He was 68.
Chief of Staff John Henry Martey Newman
John Atta Mills, who ran three times for president before being elected in the closest vote in the country's history on a platform vowing to reform the West African country of Ghana, died Tuesday, according to Information Minister Fritz Baffour. He was 68.
Chief of Staff John Henry Martey Newman
MTN Business sponsors African app of the year
A graphic collection of Apps built in Africa. IMAGE/File
MTN Business is to sponsor the first ever App of the Year 2012 awards. MTN Business App of the Year aims to recognize not only the Apps that have made a marked impact on the industry over the last 12 months, but, just as importantly, the people behind them, by celebrating local talent and promoting South Africa as an innovation hub in the mobile space.
(More: Calling all app developers! Africa wants you…)
The MTN Business App
MTN Business is to sponsor the first ever App of the Year 2012 awards. MTN Business App of the Year aims to recognize not only the Apps that have made a marked impact on the industry over the last 12 months, but, just as importantly, the people behind them, by celebrating local talent and promoting South Africa as an innovation hub in the mobile space.
(More: Calling all app developers! Africa wants you…)
The MTN Business App
Barbados: Online tax payment service launched
Barbados has launched the 'eZpay service' for the electronic payment of tax. Initially, the eZpay service will be limited to the collection of land taxes and will only be available to domestic bank account holders.
Development of the service is ongoing, and it is envisaged that eventually all payments to government agencies, including fees related to occasionally-issued permits and licences, quarterly or annual tax payments, various other one-time fees and fines, will be able to be
Development of the service is ongoing, and it is envisaged that eventually all payments to government agencies, including fees related to occasionally-issued permits and licences, quarterly or annual tax payments, various other one-time fees and fines, will be able to be
All eyes on Usain Bolt even if training in seclusion
Usain Bolt. PHOTO/File
Usain Bolt refuses to line up against his good friend Wallace Spearmon in a race.
No way and under no circumstances.
To hear Spearmon tell it, the Jamaican sensation is downright scared and doesn’t think he stands a chance because the American simply has too much power.
Horsepower, that is.
The two sprinters have similar Nissan GT-R sports cars, but Bolt won’t speed down a runway against Spearmon’s vehicle — ever.
“Just won’t race,” said
Usain Bolt refuses to line up against his good friend Wallace Spearmon in a race.
No way and under no circumstances.
To hear Spearmon tell it, the Jamaican sensation is downright scared and doesn’t think he stands a chance because the American simply has too much power.
Horsepower, that is.
The two sprinters have similar Nissan GT-R sports cars, but Bolt won’t speed down a runway against Spearmon’s vehicle — ever.
“Just won’t race,” said
Election 2012: Obama attacks on taxes and Bain hit Romney ratings
U.S. President Barack Obama (l) and Republican presidential candidate Mitt Romney (r). PHOTO/AP
(Reuters) - Sustained attacks by President Barack Obama's campaign on Republican rival Mitt Romney's business history and refusal to release more tax records appear to be working, a Reuters/Ipsos poll showed on Tuesday.
More than a third of voters who are registered to a party or as an independent said in the online survey that what they had heard about Romney's taxes and his time at Bain
(Reuters) - Sustained attacks by President Barack Obama's campaign on Republican rival Mitt Romney's business history and refusal to release more tax records appear to be working, a Reuters/Ipsos poll showed on Tuesday.
More than a third of voters who are registered to a party or as an independent said in the online survey that what they had heard about Romney's taxes and his time at Bain
Nigeria: Parliament threatens to impeach President Jonathan over budget implementation delay
Nigeria President.,Goodluck Jonathan. PHOTO/File
The House of Representatives in Nigeria, has declared that its decision to initiative impeachment proceedings against President Goodluck Jonathan if he fails to comply with its directives on implementation of the budget by September is irrevocable.
Last Thursday, the House threatened the president with impeachment over what it called “poor implementation” of the budget.
It gave him up till September 30 to ensure “full
The House of Representatives in Nigeria, has declared that its decision to initiative impeachment proceedings against President Goodluck Jonathan if he fails to comply with its directives on implementation of the budget by September is irrevocable.
Last Thursday, the House threatened the president with impeachment over what it called “poor implementation” of the budget.
It gave him up till September 30 to ensure “full
Monday, July 23, 2012
Angela Benton's Silicon Valley Boot Camp Aims To Boost Diversity
Angela Benton. PHOTO/File
If there is a founding ethos in the world of high-tech startups, it's this: The idea is everything. Facebook's initial public offering might have seemed like the perfect illustration. A simple concept, conceived by a college student, became a US$100 billion empire in just 8 years.
But if you look around California's Silicon Valley, ideas all seem to be coming from the same kinds of people. By a recent estimate, 1 percent of technology entrepreneurs are African
If there is a founding ethos in the world of high-tech startups, it's this: The idea is everything. Facebook's initial public offering might have seemed like the perfect illustration. A simple concept, conceived by a college student, became a US$100 billion empire in just 8 years.
But if you look around California's Silicon Valley, ideas all seem to be coming from the same kinds of people. By a recent estimate, 1 percent of technology entrepreneurs are African
How Uganda Can Contribute to East Africa's Development
Almost all prominent or successful business people in the Great Lakes Region [loosely Sudan, the Democratic Republic of Congo, East Africa including Kenya, Uganda, Tanzania, Rwanda and Burundi] consider Dubai the Mecca for all kinds of trade and commerce. This even smaller piece of land within the tiny United Arab Emirates has a GDP of approximately US $ 80 bn. Contextually, this emirate that sits on less than 4,500 square kilometers has an economy that is about 6 times that of Uganda; about
Former Trinidad & Tobago Prime Minister Patrick Manning recovering well from stroke
Former Prime Minister of Trinidad & Tobago., Patrick Manning. PHOTO/Reuters
Former prime minister Patrick Manning says he is recuperating well in Washington after suffering a mild stroke on January 24 at his home in San Fernando.
(More: Trinidad & Tobago: Former PM Manning suffers stroke)
A posting on the Facebook wall belonging to Mr. Manning said: “Just wanted to let everyone know that I am doing fine and I continue applying myself towards a full recovery in the shortest possible
Former prime minister Patrick Manning says he is recuperating well in Washington after suffering a mild stroke on January 24 at his home in San Fernando.
(More: Trinidad & Tobago: Former PM Manning suffers stroke)
A posting on the Facebook wall belonging to Mr. Manning said: “Just wanted to let everyone know that I am doing fine and I continue applying myself towards a full recovery in the shortest possible
Three interesting countries to consider when investing in African retail
Various international retailers – from supermarket giants like Wal-Mart to clothing chains such as Gap – have recently entered the African market, targeting the continent’s growing middle class. However, with 54 independent countries, deciding which markets to enter is not an easy decision. Research company Euromonitor International recently identified a number of African countries with growth potential in the retail sector. We take a closer look at three of these markets – Rwanda,
Profile: Angela Reed - founder and CEO Bougie Magazine
Angela Reed - founder and CEO Bougie Magazine. PHOTO/Bougie Magazine
Angela Reed a rising star in the fashion world is the founder, CEO and editor in chief of Bougie Magazine - a publication for the trendy and fashion conscious woman.
Prior to setting up Bougie Magazine, Ms. Reed had set up and still runs Events by Excellence a full service event planning company based in but not limited to Houston, Texas.
Reed is gifted with a keen sense of self and direction - qualities that have
Angela Reed a rising star in the fashion world is the founder, CEO and editor in chief of Bougie Magazine - a publication for the trendy and fashion conscious woman.
Prior to setting up Bougie Magazine, Ms. Reed had set up and still runs Events by Excellence a full service event planning company based in but not limited to Houston, Texas.
Reed is gifted with a keen sense of self and direction - qualities that have
The Bahamas:Former Prime Minister Ingraham quits politics
Former Prime Minister of The Bahamas., Hubert Ingraham. PHOTO/BIS/Sharon Turner
Former Prime Minister of The Bahamas, Hubert Ingraham has handed his resignation letter to House Speaker Dr. Kendal Major at the House of Assembly. His resignation becomes effective on August 31.
Ingraham, whose Free National Movement party (FNM) was defeated in the May 7 general election, has served The Bahamas as an elected official for 35 years in various capacities - he was the Prime Minister of The
Former Prime Minister of The Bahamas, Hubert Ingraham has handed his resignation letter to House Speaker Dr. Kendal Major at the House of Assembly. His resignation becomes effective on August 31.
Ingraham, whose Free National Movement party (FNM) was defeated in the May 7 general election, has served The Bahamas as an elected official for 35 years in various capacities - he was the Prime Minister of The
Ethiopian Airlines launches non-stop flights between Addis Ababa and Toronto
Ethiopian Airlines made its maiden flight to Toronto last week landing at Pearson International Airport. Toronto will be the second destination for the airline in North America in addition to Washington D.C.
The flight between Addis Ababa and Toronto will be the only direct air link between Africa and Toronto and will save passengers from the need to procure transit visas, change of aircraft, long transit times and security inspections according to Tewolde Gebremairam, Chief Executive
The flight between Addis Ababa and Toronto will be the only direct air link between Africa and Toronto and will save passengers from the need to procure transit visas, change of aircraft, long transit times and security inspections according to Tewolde Gebremairam, Chief Executive
NAACP develops manual to Preach Prevention in Black Churches
Houston pastor Timothy W. Sloan has felt for years that he needed to talk about HIV and AIDS with his congregation.
But he worried the 3,000 mostly African-American parishioners at St. Luke Missionary Baptist Church in Humble, Texas, could be offended and leave the church or curtail their giving.
"On a scale of 1 to 10 it was a 6," he said of his concerns.
Then, a year and a half ago, he joined a group of pastors organized by the National Association for the Advancement of Colored
But he worried the 3,000 mostly African-American parishioners at St. Luke Missionary Baptist Church in Humble, Texas, could be offended and leave the church or curtail their giving.
"On a scale of 1 to 10 it was a 6," he said of his concerns.
Then, a year and a half ago, he joined a group of pastors organized by the National Association for the Advancement of Colored
Jamaica seeking to court diaspora for investment
The Jamaica Promotions Corporation (JAMPRO) has developed a Business Diaspora Strategy, aimed at tapping into the significant economic potential of the Jamaican Diaspora.
Minister of State for Industry, Investment and Commerce, Sharon Ffolkes-Abrahams, said the initiative comes out of the recognition of the importance of the Diaspora in nation building and as a key market for Jamaican exports.
She was speaking during her contribution to the 2012/13 Sectoral Debate on Wednesday in the
Minister of State for Industry, Investment and Commerce, Sharon Ffolkes-Abrahams, said the initiative comes out of the recognition of the importance of the Diaspora in nation building and as a key market for Jamaican exports.
She was speaking during her contribution to the 2012/13 Sectoral Debate on Wednesday in the
Kenya launches Africa's largest geothermal project
The Olkaria II 70MW geothermal power plant in Kenya. PHOTO/File
The Energy Generating Company in Kenya (KenGen) is expected to officially launch the construction of the largest geothermal power project in Africa on Monday.
The US$ 1.3 billion project for the development of 280 megawatts of geothermal power in Olkaria, Naivasha, about 100 km northwest of Nairobi, will be officially launched on Monday by the country's president Mwai Kibaki.
Kenya is the first African country that uses
The Energy Generating Company in Kenya (KenGen) is expected to officially launch the construction of the largest geothermal power project in Africa on Monday.
The US$ 1.3 billion project for the development of 280 megawatts of geothermal power in Olkaria, Naivasha, about 100 km northwest of Nairobi, will be officially launched on Monday by the country's president Mwai Kibaki.
Kenya is the first African country that uses
Obama visits Colorado, comforts massacre victims' families
U.S. President Barack Obama shakes hands with Aurora Police Chief Dan Oates (l), next to Mayor of Aurora Steve Hogan (2nd R), after arriving at Buckley Air Force Base in Aurora, Colorado July 22, 2012. At left is Colorado Gov. John Hickenlooper. PHOTO/Larry Downing/Reuters
Despair all around him, President Barack Obama on Sunday offered hugs, tears and the nation's sympathy to survivors of the Colorado shooting rampage and to families whose loved ones were shot dead. He looked for hope in
Despair all around him, President Barack Obama on Sunday offered hugs, tears and the nation's sympathy to survivors of the Colorado shooting rampage and to families whose loved ones were shot dead. He looked for hope in
Sunday, July 22, 2012
CARICOM to set up Caribbean Investment Fund
Member countries of the Caribbean Community (CARICOM) have agreed to set up a Caribbean Investment Fund to help stabilize struggling economies in the region.
In a Communiqué issued at the conclusion of the conference of the CARICOM heads of government, the principals agreed to identify various sectors of the economy, including tourism, agriculture and construction as areas, which offered prospects for early resuscitation of economic growth - such as the economic crisis in
In a Communiqué issued at the conclusion of the conference of the CARICOM heads of government, the principals agreed to identify various sectors of the economy, including tourism, agriculture and construction as areas, which offered prospects for early resuscitation of economic growth - such as the economic crisis in
The Inye Tablet: a second product from Africa to rival the iPad
The Inye Tablet. PHOTO/CNN
Saheed Adepoju of Nigeria has unveiled the Inye this week, a tablet computer designed to be second answer from Africa to the iPad.
Adepoju, 29, has designed a cheaper alternative to western tablet computers to appeal to an African audience, which wish to browse the internet on a lower cost device.
The key selling point of the Inye tablet (which runs on the Android operating system) is its low price: US$350, which is half the price of an iPad, which retails
Saheed Adepoju of Nigeria has unveiled the Inye this week, a tablet computer designed to be second answer from Africa to the iPad.
Adepoju, 29, has designed a cheaper alternative to western tablet computers to appeal to an African audience, which wish to browse the internet on a lower cost device.
The key selling point of the Inye tablet (which runs on the Android operating system) is its low price: US$350, which is half the price of an iPad, which retails
President Barack Obama to meet with families of shooting victims in Colorado
U.S. President Barack Obama. PHOTO/File
President Barack Obama again steps into the role of consoler-in-chief during a visit Sunday with distraught families of those gunned down in a minute and a half of horror at a midnight movie showing in Aurora, Colorado.
While authorities gather evidence on the suspect and the nation tries to fathom what drove the gunman, Obama planned to meet with loved ones struggling with pain and grief.
"We need to embrace them and let them know we will be
President Barack Obama again steps into the role of consoler-in-chief during a visit Sunday with distraught families of those gunned down in a minute and a half of horror at a midnight movie showing in Aurora, Colorado.
While authorities gather evidence on the suspect and the nation tries to fathom what drove the gunman, Obama planned to meet with loved ones struggling with pain and grief.
"We need to embrace them and let them know we will be
Jamaica: Police torch nearly 15,000 pounds of seized marijuana, hash oil
Nearly 15,000 pounds (6,800 kilograms) of marijuana have gone up in smoke in Jamaica.
The bonfire of seized drugs follows raids on marijuana-growing and trafficking operations in Jamaica launched since 2010.
Police say the majority of the marijuana was seized this year.
Authorities say they also destroyed about 75 pounds (34 kilograms) of hash oil during Saturday’s burning operation at an undisclosed police site in the Kingston area.
Jamaica is the Caribbean region’s
The bonfire of seized drugs follows raids on marijuana-growing and trafficking operations in Jamaica launched since 2010.
Police say the majority of the marijuana was seized this year.
Authorities say they also destroyed about 75 pounds (34 kilograms) of hash oil during Saturday’s burning operation at an undisclosed police site in the Kingston area.
Jamaica is the Caribbean region’s
Saturday, July 21, 2012
Tanzania halts ferry rescue - 146 presumed dead
Tanzania on Saturday halted rescue operations for a ferry accident that appears to have killed 146 people.
Tanzania government official Ali Juma Shamhuna said 69 passengers were confirmed dead and 77 were still missing, but the rescue efforts were called off because it was unlikely to still find any passengers alive in the Indian Ocean three days after the accident.
The ferry MV Skagit, which capsized Wednesday while travelling from the economic capital Dar es Salaam to the island of
Tanzania government official Ali Juma Shamhuna said 69 passengers were confirmed dead and 77 were still missing, but the rescue efforts were called off because it was unlikely to still find any passengers alive in the Indian Ocean three days after the accident.
The ferry MV Skagit, which capsized Wednesday while travelling from the economic capital Dar es Salaam to the island of
Friday, July 20, 2012
Barbados: Jobless numbers inching upwards - at 12%
Latest job numbers from Barbados indicate that unemployment jumped to nearly 12 percent in the first quarter of 2012, pushing past the 10 percent mark recorded in the previous quarter last year.
The research unit in the ministry’s economic affairs division said unemployment from January to March reached 11.8 percent.
The jobless rate reached 10.2 percent for the fourth quarter of last year, according to the Barbados Statistical Services.
“Statistics derived from the Continuous
The research unit in the ministry’s economic affairs division said unemployment from January to March reached 11.8 percent.
The jobless rate reached 10.2 percent for the fourth quarter of last year, according to the Barbados Statistical Services.
“Statistics derived from the Continuous
Dot Africa domain in the works - will be a huge boost for business
Websites ending in dot Africa could soon be popping up across the continent as the drive to bring the ‘African domain ‘into existence gain momentum.
The Internet Corporation for Assigned Names and Numbers (ICANN), the global provider of I.P. management, has already received 500 applications from various Registry Operators within Africa.
A decision is not likely to be made until early 2013 regarding the domain because of the ICANN’s rigorous application procedure and lengthy
The Internet Corporation for Assigned Names and Numbers (ICANN), the global provider of I.P. management, has already received 500 applications from various Registry Operators within Africa.
A decision is not likely to be made until early 2013 regarding the domain because of the ICANN’s rigorous application procedure and lengthy
Election 2012:Obama, Romney seek advantage on health care and the economy
President Barack Obama at Prime Osborn Convention Center on July 19, 2012 in Jacksonville, Florida. PHOTO/Mandel Ngan/AFP/Getty Images
President Barack Obama is warning Florida retirees that Republican challenger Mitt Romney would undercut the new health care law and alter Medicare, a play for voters in one of the nation’s top swing states.
Obama wraps up a two-day trip to Florida on Friday with stops in Fort Myers and suburban Orlando, where he is pressing the case that retirees
President Barack Obama is warning Florida retirees that Republican challenger Mitt Romney would undercut the new health care law and alter Medicare, a play for voters in one of the nation’s top swing states.
Obama wraps up a two-day trip to Florida on Friday with stops in Fort Myers and suburban Orlando, where he is pressing the case that retirees
London 2012: Usain Bolt and Team Jamaica given 'royalty treatment'
Jamaican track star., Usain Bolt. PHOTO/File
Usain Bolt was barely visible through the thick row of hedges that guarded the track.
Still, the curious fans tried to sneak a peek at the world’s fastest man, if only for a brief second. Some climbed on railings in an attempt to peer over the top of the bushes, while others pushed the prickly branches to the side.
That is, until security sent them scurrying away.
Want to catch a glimpse of Bolt, Yohan Blake and the rest of the
Usain Bolt was barely visible through the thick row of hedges that guarded the track.
Still, the curious fans tried to sneak a peek at the world’s fastest man, if only for a brief second. Some climbed on railings in an attempt to peer over the top of the bushes, while others pushed the prickly branches to the side.
That is, until security sent them scurrying away.
Want to catch a glimpse of Bolt, Yohan Blake and the rest of the
Ethiopia: Political uncertainty as Prime Minister Meles Zenawi on sick leave
Ethiopia's Prime Minister Meles Zenawi at a session of the World Economic Forum (WEF) in Davos, January 26, 2012. PHOTO/Christian Hartmann/Reuters
The government of Ethiopia revealed Thursday that Prime Minister Meles Zenawi, a sharp-witted and charismatic player in the volatile Horn of Africa region, is in ''stable'' health but has been told to take a leave of absence.
Zenawi, an intellectual ex-rebel praised as a visionary by most but vilified by some as a dictator, has dominated
The government of Ethiopia revealed Thursday that Prime Minister Meles Zenawi, a sharp-witted and charismatic player in the volatile Horn of Africa region, is in ''stable'' health but has been told to take a leave of absence.
Zenawi, an intellectual ex-rebel praised as a visionary by most but vilified by some as a dictator, has dominated
Thursday, July 19, 2012
Digicel set to expand M-PESA mobile money model throughout the Caribbean
Digicel has recently entered into a financing deal that could see it well positioned to expand mobile banking technology through out the Caribbean.
In an announcement released by the Sillicon Valley based m-Via, a mobile banking firm, the Digicel Group was identified as the leader of a US$17 million financing round initiated by m-Via.
Following this successful fund raising, m-Via changed its name to Boom Financial and stated that this financing round now took its takings to more than
In an announcement released by the Sillicon Valley based m-Via, a mobile banking firm, the Digicel Group was identified as the leader of a US$17 million financing round initiated by m-Via.
Following this successful fund raising, m-Via changed its name to Boom Financial and stated that this financing round now took its takings to more than
National Black Data Processing Associates Hosts Career Fair for STEM fields August 3-4 in Baltimore
Top African American tech association creates job and networking opportunities during 34th annual technology conference
(PRNewswire via COMTEX) - The Black Data Processing Associates (BDPA), the largest non-profit organization of African American technology professionals, will be hosting a two-day technology career fair on Friday, August 3 from 12 pm to 6 pm and continuing on August 4 from 10 am to 3 pm at the Baltimore Convention Center.
The fair will afford science, technology,
(PRNewswire via COMTEX) - The Black Data Processing Associates (BDPA), the largest non-profit organization of African American technology professionals, will be hosting a two-day technology career fair on Friday, August 3 from 12 pm to 6 pm and continuing on August 4 from 10 am to 3 pm at the Baltimore Convention Center.
The fair will afford science, technology,
Sierra Leone a country on the rise explores for oil
Sierra Leone is a country on the rise. Sierra Leone suffered a decade-long brutal war that ended in 2002. The country’s gross domestic product GDP is expected to grow by 33 percent in 2012, making it the second fastest growing country in Africa, after post-war Libya at 60 percent.
(Reuters) - Sierra Leone has provisionally awarded contracts to 11 companies including U.S. firms Noble Energy and Chevron Sahara to explore for oil in eight offshore blocks.
Oil exploration has been
(Reuters) - Sierra Leone has provisionally awarded contracts to 11 companies including U.S. firms Noble Energy and Chevron Sahara to explore for oil in eight offshore blocks.
Oil exploration has been
Decent start for Tiger Woods at British Open
Tiger Woods reacts to his birdie putt on the 18th green to force a playoff with Rocco Mediate during the final round of the 108th U.S. Open at the Torrey Pines Golf Course on June 15, 2008 in San Diego, California. PHOTO/Doug Pensinger/Getty Images
Tiger Woods hit every tee shot exactly where he was looking, needed only eight putts through seven holes and reached 4-under par to quickly get his name atop the leaderboard Thursday in the British Open.
It looked like he was just getting
Tiger Woods hit every tee shot exactly where he was looking, needed only eight putts through seven holes and reached 4-under par to quickly get his name atop the leaderboard Thursday in the British Open.
It looked like he was just getting
Caribbean moves to protect rights of HIV-Positive Workers
Thirty years into the HIV and AIDS epidemic, Caribbean countries are slowly putting necessary legislation in place to ensure the rights of workers despite their HIV/AIDS and chronic disease status.
In June, Cabinet approved the St. Kitts and Nevis Workplace Policy on HIV and AIDS and Other Chronic Diseases, while neighbouring Anguilla is fine-tuning a policy on HIV/AIDS and other life-threatening illnesses in the workplace.
“Cabinet also approved the establishment of a
In June, Cabinet approved the St. Kitts and Nevis Workplace Policy on HIV and AIDS and Other Chronic Diseases, while neighbouring Anguilla is fine-tuning a policy on HIV/AIDS and other life-threatening illnesses in the workplace.
“Cabinet also approved the establishment of a
Nigeria seeks to fine Shell $ 5 billion for December oil spill
Environmental Damage caused by past oil spill in Nigeria. PHOTO/File
The Nigeria regulator says it wants Royal Dutch Shell PLC's local subsidiary to pay a US$5 billion fine for the worst offshore spill in the oil-rich nation in more than a decade.
Peter Idabor, head of the National Oil Spill Detection and Response Agency of Nigeria, said Tuesday he had made the recommendation to Nigerian lawmakers at a parliamentary hearing Monday.
He said the company accepts "equipment failure"
The Nigeria regulator says it wants Royal Dutch Shell PLC's local subsidiary to pay a US$5 billion fine for the worst offshore spill in the oil-rich nation in more than a decade.
Peter Idabor, head of the National Oil Spill Detection and Response Agency of Nigeria, said Tuesday he had made the recommendation to Nigerian lawmakers at a parliamentary hearing Monday.
He said the company accepts "equipment failure"
Countdown to London 2012: Yohan Blake takes 100 meters in 9.85 at Lucerne
Yohan Blake wins in Lucerne. PHOTO/Urs Flueeler/AP
Yohan Blake warmed up for the London Olympics by finishing in 9.85 seconds to win the 100 meters Tuesday in his first competitive race since beating Usain Bolt twice at the Jamaican Olympic trials.
Blake was far from the fastest out of the blocks but powered through the field with legal wind assistance of 1.6 meters per second. Jamaica teammate Michael Frater was second in 10.00.
"Definitely I am on the right path for the Olympics,"
Yohan Blake warmed up for the London Olympics by finishing in 9.85 seconds to win the 100 meters Tuesday in his first competitive race since beating Usain Bolt twice at the Jamaican Olympic trials.
Blake was far from the fastest out of the blocks but powered through the field with legal wind assistance of 1.6 meters per second. Jamaica teammate Michael Frater was second in 10.00.
"Definitely I am on the right path for the Olympics,"
Election 2012: Obama aims to keep pressure on Romney in Florida
U.S. President Barack Obama (l) and Republican presidential candidate Mitt Romney (r). PHOTO/AP
President Barack Obama is trying to keep the pressure on rival Mitt Romney, opening two days of campaigning in Florida in search of military veterans, seniors and unaligned voters in the state's crucial midsection.
Obama was holding events Thursday in Jacksonville and West Palm Beach as his campaign urges Romney to release more years of his tax returns and keeps a sharp focus on the former
President Barack Obama is trying to keep the pressure on rival Mitt Romney, opening two days of campaigning in Florida in search of military veterans, seniors and unaligned voters in the state's crucial midsection.
Obama was holding events Thursday in Jacksonville and West Palm Beach as his campaign urges Romney to release more years of his tax returns and keeps a sharp focus on the former
Tanzania ferry accident: death toll rises to 31
Officials say the death toll in a ferry accident off the coast of Tanzania has risen to 31.
A government statement on Thursday also said that more than 100 passengers are still missing, and 136 have been rescued.
The ferry, the MV Skagit, left Dar es Salaam, the commercial capital of Tanzania, on Wednesday en route to the island of Zanzibar.
One accident survivor, Rashid Mohamed, said that heavy winds caused the boat to lose control and flip over just a few kilometers short of
A government statement on Thursday also said that more than 100 passengers are still missing, and 136 have been rescued.
The ferry, the MV Skagit, left Dar es Salaam, the commercial capital of Tanzania, on Wednesday en route to the island of Zanzibar.
One accident survivor, Rashid Mohamed, said that heavy winds caused the boat to lose control and flip over just a few kilometers short of
Wednesday, July 18, 2012
Private equity investment in Africa totals $ 3 billion - 2011
Private equity investment into Africa more than tripled in 2011 to reach US $3 billion, according to the Chief Economist of the African Development Bank (AfDB).
The figure is even seen rising in the coming years as the AfDB has observed that investors are moving into consumer products and services on the continent instead of the traditional targets of natural resources, infrastructure and renewable energy.
In his latest blog, July 12, 2012, Dr Mthuli Ncube, said “private equity
The figure is even seen rising in the coming years as the AfDB has observed that investors are moving into consumer products and services on the continent instead of the traditional targets of natural resources, infrastructure and renewable energy.
In his latest blog, July 12, 2012, Dr Mthuli Ncube, said “private equity
Profile: Wade Lyn - founder and CEO Cleone Foods
Wade Lyn - founder and CEO Cleone Foods. PHOTO/Midlands Business News
Jamaican entrepreneur Wade Lyn is the founder and CEO of Cleone Foods a company that has successfully brought a taste of the Caribbean to Britain.
Cleone Foods produce authentic Caribbean patties and pastries under the Island Delight brand, and was the first company in Britain to produce an authentic Caribbean product sold through supermarkets which used only original Jamaican recipes.
In 1986, Lyn abandoned plans
Jamaican entrepreneur Wade Lyn is the founder and CEO of Cleone Foods a company that has successfully brought a taste of the Caribbean to Britain.
Cleone Foods produce authentic Caribbean patties and pastries under the Island Delight brand, and was the first company in Britain to produce an authentic Caribbean product sold through supermarkets which used only original Jamaican recipes.
In 1986, Lyn abandoned plans
London 2012: Caster Semenya to carry South Africa’s flag at opening ceremony
South Africa’s Caster Semenya. PHOTO/File
Caster Semenya will carry South Africa’s flag at the opening ceremony of the London Olympics.
Semenya was given the honor Wednesday ahead of double-amputee runner Oscar Pistorius.
“It’s such a privilege for me to do such a big thing like that,” Semenya said in an audio message. “To carry the flag for the team, it’s such a big thing.”
Swimmer Cameron van der Burgh and long jumper Khotso Mokoena also were considered for the
Caster Semenya will carry South Africa’s flag at the opening ceremony of the London Olympics.
Semenya was given the honor Wednesday ahead of double-amputee runner Oscar Pistorius.
“It’s such a privilege for me to do such a big thing like that,” Semenya said in an audio message. “To carry the flag for the team, it’s such a big thing.”
Swimmer Cameron van der Burgh and long jumper Khotso Mokoena also were considered for the
African American entrepreneur Joseph Durham looking to acquire telecom firm
African-American entrepreneur Joseph Durham and a group of private investors are in talks to acquire Voxplus, a Detroit-based Telecom firm that provides telecommunications solutions, alternative voice solutions, data access and ISP services.
Durham, a former AT&T executive with 25 years of telecom experience, was instrumental in bringing AT&T into the influential ‘Billion Dollar Roundtable,’ a national organization that distinguishes U.S. corporations that spend at least US$1 billion
Durham, a former AT&T executive with 25 years of telecom experience, was instrumental in bringing AT&T into the influential ‘Billion Dollar Roundtable,’ a national organization that distinguishes U.S. corporations that spend at least US$1 billion
Jamaica: IMF loan deal later this year
(Reuters) - Jamaica is in advanced talks with the International Monetary Fund (IMF) on a new lending agreement and another round of discussions aimed at hammering out a deal is set to begin early next week, Finance Minister Peter Phillips said.
In a statement to the parliament of Jamaica on Tuesday, Phillips indicated the government hoped to have a new standby agreement with the IMF in place by the end of this year.
(More: A Stellar Record of Failure: The IMF and Jamaica)
"Last
In a statement to the parliament of Jamaica on Tuesday, Phillips indicated the government hoped to have a new standby agreement with the IMF in place by the end of this year.
(More: A Stellar Record of Failure: The IMF and Jamaica)
"Last
M-PESA, mobile money: Kenya leads the world
Click a few keys, exchange a few numbers, and it’s done. With just a mobile phone and a registration with Safaricom, Kenya’s mobile service giant, you can pay for anything in seconds – no cash, no long journeys to towns to reach a bank, and no long lines when you get there. This is M-PESA, the revolutionary approach to banking which is changing economies across Africa.
The service allows customers and businesses to pay for anything without needing cash, a bank account, or even a
The service allows customers and businesses to pay for anything without needing cash, a bank account, or even a
Election 2012: Obama proposes $1 billion for STEM teachers
Christopher Smith, a doctoral student in biomedical engineering, looks at stem cell samples through an inverted microscope in a lab at the Johns Hopkins University. PHOTO/Patrick Semansky/AP
The Obama administration unveiled plans Wednesday to create an elite corps of master teachers, a US$1 billion effort to boost U.S. students’ achievement in science, technology, engineering and math (STEM).
The program to reward high-performing teachers with salary stipends is part of a long-term
The Obama administration unveiled plans Wednesday to create an elite corps of master teachers, a US$1 billion effort to boost U.S. students’ achievement in science, technology, engineering and math (STEM).
The program to reward high-performing teachers with salary stipends is part of a long-term
Haiti rising from the ashes: Industrial attracting businesses
Haiti President Michel Martelly at ground breaking ceremony in Caracol. PHOTO/Haiti Libre
The government of Haiti agreed Tuesday to allow a local painting manufacturing company become the second tenant at a major industrial park under construction in the northern end of the country.
The agreement came after President Michel Martelly took a tour of a 10-megawatt electrical plant that will power the Caracol Haiti Industrial Park and houses for up to 1,500 workers by year's end.
The
The government of Haiti agreed Tuesday to allow a local painting manufacturing company become the second tenant at a major industrial park under construction in the northern end of the country.
The agreement came after President Michel Martelly took a tour of a 10-megawatt electrical plant that will power the Caracol Haiti Industrial Park and houses for up to 1,500 workers by year's end.
The
Happy birthday Nelson Mandela - hero turns 94
Former South African President Nelson Mandela. PHOTO/PETER DEJONG /AP
South Africa's schoolchildren sang happy birthday to Nelson Mandela as he turned 94 on Wednesday, a day when he asks the world to honor his legacy by performing community service.
The nation's 12 million schoolchildren began their day with a special birthday song, ringing with the line: "We love you father".
"As we celebrate his birthday, we remember that he fought for us in the struggle. The struggle was to fight
South Africa's schoolchildren sang happy birthday to Nelson Mandela as he turned 94 on Wednesday, a day when he asks the world to honor his legacy by performing community service.
The nation's 12 million schoolchildren began their day with a special birthday song, ringing with the line: "We love you father".
"As we celebrate his birthday, we remember that he fought for us in the struggle. The struggle was to fight
Tuesday, July 17, 2012
Economic mobility for African Americans stalling - Pew Report
The fine line between the American Dream and the African-American Dream is becoming more distinct, according to a recent report by the Pew Charitable Trusts, a nonprofit research organization.
The survey of economic mobility across generations compared the income and wealth of Americans with that of their parents at the same age, and it offered a promising outlook for most Americans -- 84 percent to be exact, who were shown to have higher incomes than their parents, when adjusted for
The survey of economic mobility across generations compared the income and wealth of Americans with that of their parents at the same age, and it offered a promising outlook for most Americans -- 84 percent to be exact, who were shown to have higher incomes than their parents, when adjusted for
Haiti: Debate rages as to source of cholera
The death rate from the Haiti cholera epidemic that has killed more than 7,000 people over the past two years has finally ebbed, but the debate about the source of the disease has only grown more heated.
That renewed controversy came into sharp focus following the recent release of a study led by a University of Maryland cholera expert renowned in the scientific community.
Challenging prevailing wisdom, the study found that Haiti had not just one cholera strain but a second one that
That renewed controversy came into sharp focus following the recent release of a study led by a University of Maryland cholera expert renowned in the scientific community.
Challenging prevailing wisdom, the study found that Haiti had not just one cholera strain but a second one that
Ghana: New airline - Africa World Airlines set to take off this September
Africa World Airlines, a joint Venture between the Social Security and National Insurance Trust, the Strategic African Securities (ASA), both of Ghana, and Hainan Airlines of China, is set to take to the skies on September 21 this year.
The airline, a US$ 50 million enterprise, with a 24-city business plan, will go regional from day one and will combine domestic operations with flights int the West Africa region.
Initially, its destinations will include Ouagadougou, Abidjan, Lagos,
The airline, a US$ 50 million enterprise, with a 24-city business plan, will go regional from day one and will combine domestic operations with flights int the West Africa region.
Initially, its destinations will include Ouagadougou, Abidjan, Lagos,
Pulitzer Prize-winning columnist William Raspberry loses battle to cancer
Pulitzer Prize-winning columnist., William Raspberry. PHOTO/Julia Ewan/AP
William Raspberry, a Pulitzer Prize-winning columnist for The Washington Post and one of the most widely read black journalists of his generation, died Tuesday. He was 76.
Raspberry, who had prostate cancer, died at his home in Washington, his wife, Sondra Raspberry, told The Post. A Post spokeswoman confirmed his death.
(More: Black Men should get Facts on Prostate Cancer Screening)
Raspberry, who grew up
William Raspberry, a Pulitzer Prize-winning columnist for The Washington Post and one of the most widely read black journalists of his generation, died Tuesday. He was 76.
Raspberry, who had prostate cancer, died at his home in Washington, his wife, Sondra Raspberry, told The Post. A Post spokeswoman confirmed his death.
(More: Black Men should get Facts on Prostate Cancer Screening)
Raspberry, who grew up
Positive growth forecast for the Caribbean - IMF
The World Economic and Financial Survey 2012 from the International Monetary Fund (IMF) released earlier this week, indicates that global growth has increased to 3.6 percent in the first quarter of 2012.
The growth projections for Caribbean and Latin America in April 2012 stood at 3.4 percent for 2012 and 4.2 percent for 2013.
New projections from the IMF reveal that growth for the Caribbean now stands at 3.5 percent for 2012 and 5.1 percent for 2013.
Guyana recorded 5.4 percent
The growth projections for Caribbean and Latin America in April 2012 stood at 3.4 percent for 2012 and 4.2 percent for 2013.
New projections from the IMF reveal that growth for the Caribbean now stands at 3.5 percent for 2012 and 5.1 percent for 2013.
Guyana recorded 5.4 percent
Australia seeking to join African Development Bank
The government of Australia said Tuesday it will pursue membership of the African Development Bank as it seeks to bolster ties with the rapidly emerging continent.
Australia is the only developed nation among the Group of 20 not already a member of the bank, which comprises 53 African and 24 non-African countries.
"It is in Australia's national interest to support an organization whose mandate is to spur sustainable economic growth and poverty alleviation in Africa, which would in
Australia is the only developed nation among the Group of 20 not already a member of the bank, which comprises 53 African and 24 non-African countries.
"It is in Australia's national interest to support an organization whose mandate is to spur sustainable economic growth and poverty alleviation in Africa, which would in
Election 2012: The African American vote could make the difference in November
African American voters in Maryland. PHOTO/Rich Vary/NewsHour
(Reuters) - High voter turnout among African Americans helped get President Barack Obama elected in 2008 but a black rights group fears even a small drop in turnout in the November election might cause him to lose or struggle in several key states.
Leaders of the National Urban League, a civil rights group, released a report on Tuesday that said although blacks voted overwhelmingly for Obama in 2008, if the number of African
(Reuters) - High voter turnout among African Americans helped get President Barack Obama elected in 2008 but a black rights group fears even a small drop in turnout in the November election might cause him to lose or struggle in several key states.
Leaders of the National Urban League, a civil rights group, released a report on Tuesday that said although blacks voted overwhelmingly for Obama in 2008, if the number of African
Tullow abandons Guyana well because of safety concerns
Location of Jaguar-1 well off Guyana
Tullow Oil has announced that its drilling operations at the Jaguar-1 well off Guyana have ended.
In a statement today Tullow Oil said it will plug and abandon the exploration well after high pressure prevented drilling.
“The decision to stop drilling at this point was unanimously agreed by all partners based on safety criteria and was taken after reaching a point in the well where the pressure design limits for safe operations prevented further
Tullow Oil has announced that its drilling operations at the Jaguar-1 well off Guyana have ended.
In a statement today Tullow Oil said it will plug and abandon the exploration well after high pressure prevented drilling.
“The decision to stop drilling at this point was unanimously agreed by all partners based on safety criteria and was taken after reaching a point in the well where the pressure design limits for safe operations prevented further
Mali and ECOWAS considering all options to re-take the north
Mali was “preparing all options” to retake the Islamist-occupied north of the country and national consultations were being prepared to form a government of national unity, the prime minister said late on Monday.
Cheick Modibo Diarra said on national television that the country was looking at all options concerning a possible military intervention in the vast north, seized by Al-Qaeda-linked groups amid a power vacuum opened by a March 22 military coup in the south.
“In coming
Cheick Modibo Diarra said on national television that the country was looking at all options concerning a possible military intervention in the vast north, seized by Al-Qaeda-linked groups amid a power vacuum opened by a March 22 military coup in the south.
“In coming
Monday, July 16, 2012
Barbados: Credit rating remains unchanged - Moodys
The US-based international rating agency, Moody Investors Service, has given Barbados a negative rating outlook indicating that the islands fiscal deficits would remain high for the next few years.
Moodys said that the Baa3 local and foreign currency bond ratings reflect Barbados' medium economic strength, high institutional strength, low government financial strength, and medium susceptibility to event risk.
Read
Moodys said that the Baa3 local and foreign currency bond ratings reflect Barbados' medium economic strength, high institutional strength, low government financial strength, and medium susceptibility to event risk.
Read
The 2011 top 10 Black Entrepreneurs
Here is a brief of the top 10 black entrepreneurs in the United States for the year 2011:
Jean Orelien: CEO and founder SciMetrika
SciMetrika 2010 Revenue: US$10.9 million
Three-Year Growth: 921%
Jean Orelien was born in Haiti, moved to Guadeloupe when he was 10, and left for the U.S. after high school.
His family struggled financially, which only motivated Orelien to study and work harder. Orelien says that he has faced many challenges being a minority CEO, but it has only honed his
Jean Orelien: CEO and founder SciMetrika
SciMetrika 2010 Revenue: US$10.9 million
Three-Year Growth: 921%
Jean Orelien was born in Haiti, moved to Guadeloupe when he was 10, and left for the U.S. after high school.
His family struggled financially, which only motivated Orelien to study and work harder. Orelien says that he has faced many challenges being a minority CEO, but it has only honed his
YouTube Opens the Road to New Online Business Models in Africa With Video Streaming
Video streaming will be the next big wave of online content use in Africa. There are still considerable network challenges but the level of existing use shows that once these issues are resolved, the volume of users will be in the millions.
Elijah Kitaka, a business developer at Google (Uganda), explained how it sees the potential of video streaming being realized.
YouTube is available in all countries in Africa but has been localized in a number of countries including: South Africa,
Elijah Kitaka, a business developer at Google (Uganda), explained how it sees the potential of video streaming being realized.
YouTube is available in all countries in Africa but has been localized in a number of countries including: South Africa,
Jamaica: Another telecoms provider - FLOW, cuts rates
Jamaica Gleaner) FLOW is the latest telecommunications provider to announce a reduction in telephone rates resulting from the recent decision by the Office of Utilities Regulation (OUR) to establish a cap of J$5 (US$ 0.056) per minute for mobile termination rates for incoming domestic and international telephone calls, which took effect yesterday.
(More: Digicel Jamaica locks horns with regulator over drop in mobile termination rates)
In a press release yesterday, FLOW announced that
(More: Digicel Jamaica locks horns with regulator over drop in mobile termination rates)
In a press release yesterday, FLOW announced that
St. Lucia: VAT effective Oct 1st
Despite reservations among lawmakers about business readiness, operational costs and timing, the St. Lucia Senate has passed the Value Added Tax (VAT) Act, keeping the legislation on course for the revised October 1 implementation date.
With the law’s assent by Governor General Dame Pearlette Louisy, St Lucia will become the last member state in the Caribbean Community (CARICOM) single market but Montserrat to introduce the sales tax that is intended to replace a raft of taxes and
With the law’s assent by Governor General Dame Pearlette Louisy, St Lucia will become the last member state in the Caribbean Community (CARICOM) single market but Montserrat to introduce the sales tax that is intended to replace a raft of taxes and
A Poor Editorial on Poverty
The man running to replace Barack Obama as America’s president in November 2012 is a very rich man. He looks rich and talks, acts, feels and even does rich things like hold bank accounts in Switzerland. Save for this last facet, Obama himself has always had the trappings of being a rich man. However, what differentiates these two people is their proxy to the common man – the man on the street, the middle class or the ones who actually make the bulk of America’s voting population.
Phuti Mahanyele and Shanduka Group- Catering to Africa's Middle Class
Phuti Mahanyele - CEO of Black Economic Empowerment Company Shanduka Group. PHOTO/Fati Moalusi
Phuti Mahanyele wants to bring Africa the Big Mac.
For two years, Ms. Mahanyele has overseen one of South Africa's most successful Black Economic Empowerment firms. After the country's first post-apartheid elections in 1994, the government enacted the Black Economic Empowerment legislation, which compels domestic and multinational companies operating in the country to meet such benchmarks as
Phuti Mahanyele wants to bring Africa the Big Mac.
For two years, Ms. Mahanyele has overseen one of South Africa's most successful Black Economic Empowerment firms. After the country's first post-apartheid elections in 1994, the government enacted the Black Economic Empowerment legislation, which compels domestic and multinational companies operating in the country to meet such benchmarks as
Election 2012: Obama heads to Ohio to tout auto bailout, tax policies
U.S. President Barack Obama (l) and Republican presidential candidate Mitt Romney (r). PHOTO/File
President Barack Obama is preparing to tell voters in the crucial industrial state of Ohio that Republican Mitt Romney's tax proposals would spur job growth in foreign countries including China.
The 2012 race for the White House looks to be very close and hinges, at this point, on which candidate can convince voters they are best suited to fix the stagnant U.S. economy.
The Obama
President Barack Obama is preparing to tell voters in the crucial industrial state of Ohio that Republican Mitt Romney's tax proposals would spur job growth in foreign countries including China.
The 2012 race for the White House looks to be very close and hinges, at this point, on which candidate can convince voters they are best suited to fix the stagnant U.S. economy.
The Obama
London 2012: Usain Bolt unlikely to dominate - Carl Lewis
Jamaica's Usain Bolt powers his way to victory at the men's 100m semifinal 2008 Beijing Olympic Games on August 16, 2008. PHOTO/Joe Klamar/AFP
Olympic legend Carl Lewis has cast doubt on sprint sensation Usain Bolt’s repeating as 100-metre champion at the London Olympics starting later this month.
Jamaica’s Bolt will start as defending champion in both sprints after dominating in Beijing four years ago.
Lewis, who won gold in the event at the 1984 Los Angeles showpiece and four
Olympic legend Carl Lewis has cast doubt on sprint sensation Usain Bolt’s repeating as 100-metre champion at the London Olympics starting later this month.
Jamaica’s Bolt will start as defending champion in both sprints after dominating in Beijing four years ago.
Lewis, who won gold in the event at the 1984 Los Angeles showpiece and four
Sunday, July 15, 2012
Nkosazana Dlamini-Zuma becomes first woman to chair African Union
Nkosazana Dlamini-Zuma., the new Chairperson of the African Union. PHOTO/File
Nkosazana Dlamini-Zuma, a veteran of the fight against apartheid who has served in the cabinet of every South African president since Nelson Mandela, now takes the top African Union job.
Elected by the 54-member pan-African bloc in Ethiopia on Sunday, she becomes the first woman to head the African Union Commission.
An experienced diplomat, Dlamini-Zuma, 63, is known for her competent management and stern
Nkosazana Dlamini-Zuma, a veteran of the fight against apartheid who has served in the cabinet of every South African president since Nelson Mandela, now takes the top African Union job.
Elected by the 54-member pan-African bloc in Ethiopia on Sunday, she becomes the first woman to head the African Union Commission.
An experienced diplomat, Dlamini-Zuma, 63, is known for her competent management and stern
Soccer star Didier Drogba arrives in China
Didier Drogba of Chelsea holds the UEFA Champions League trophy after his team’s final soccer match against Bayern Munich at the Allianz Arena in Munich, May 19, 2012. PHOTO/Dylan Martinez/Reuters
Former Chelsea striker Didier Drogba arrived in China on Saturday, saying his move to Shanghai Shenhua was not motivated by money despite reportedly becoming the highest-paid player in the country.
"It would have been easier for me to stay in Europe, but I chose China,'' Drogba said. "Money
Former Chelsea striker Didier Drogba arrived in China on Saturday, saying his move to Shanghai Shenhua was not motivated by money despite reportedly becoming the highest-paid player in the country.
"It would have been easier for me to stay in Europe, but I chose China,'' Drogba said. "Money
Caribbean Airlines to drop Air Jamaica brand
The Civil Aviation Authority of Trinidad & Tobago (CAA) has instructed national carrier Caribbean Airlines (CAL) to drop its Air Jamaica brand from its aircraft.
The use of the Air Jamaica brand does not comply with Caribbean Airlines' airline operator certificate.
Despite the acquisition of Air Jamaica routes, Caribbean Airlines is not licensed to operate two brands but has been doing so for over a year.
For Caribbean Airlines to use the Air Jamaica brand, it will have to register
The use of the Air Jamaica brand does not comply with Caribbean Airlines' airline operator certificate.
Despite the acquisition of Air Jamaica routes, Caribbean Airlines is not licensed to operate two brands but has been doing so for over a year.
For Caribbean Airlines to use the Air Jamaica brand, it will have to register
Kyrie Irving - NBA rookie of year, breaks right hand
Kyrie Irving of the Cleveland Cavaliers. PHOTO/Danny Johnston/AP
Kyrie Irving, the NBA's reigning rookie of the year, broke his right hand during the Cavaliers' practice on Saturday in Las Vegas.
Irving will return to Cleveland to be examined by team doctors Sunday and said he likely will undergo surgery. The Cavaliers said in a release Saturday night that they expect Irving, their leading scorer last season who recently dazzled during scrimmages against the U.S. Olympic team, to be
Kyrie Irving, the NBA's reigning rookie of the year, broke his right hand during the Cavaliers' practice on Saturday in Las Vegas.
Irving will return to Cleveland to be examined by team doctors Sunday and said he likely will undergo surgery. The Cavaliers said in a release Saturday night that they expect Irving, their leading scorer last season who recently dazzled during scrimmages against the U.S. Olympic team, to be
Africa reaching out to African-Americans for investment
The South Africa Deputy Minister of International Relations Ebrahim Ismail Ebrahim recently visited the San Francisco African American Chamber of Commerce to talk to potential investors about the ways his country and the African continent are flourishing with democratic and technological breakthroughs.
“To the so-called developed world, Africa is no longer a region of chaos and poverty to be propped up with aid while its mineral resources are extracted and shipped abroad to create
“To the so-called developed world, Africa is no longer a region of chaos and poverty to be propped up with aid while its mineral resources are extracted and shipped abroad to create
African Americans silent as voting rights threatened
African American voters in Maryland. PHOTO/Rich Vary/NewsHour
In the late '90s, the Internet belched forth a rumor that the Voting Rights Act was soon to expire and that African Americans would lose the vote as a result. Though stupid and untrue, the rumor spread like a dust cloud till it was inescapable. You couldn't get away from it in a confession booth. You couldn't get away from it in a phone booth. Everybody was up in arms.
Flash forward to 2012. Now the threat is real. There is a
In the late '90s, the Internet belched forth a rumor that the Voting Rights Act was soon to expire and that African Americans would lose the vote as a result. Though stupid and untrue, the rumor spread like a dust cloud till it was inescapable. You couldn't get away from it in a confession booth. You couldn't get away from it in a phone booth. Everybody was up in arms.
Flash forward to 2012. Now the threat is real. There is a
Jamaica: New Tax imposed on Phone Calls
The Government of Jamaica has introduced a special telephone tax on all calls originating in Jamaica, effective July 15, 2012.
This will include a tax of J$0.05 (US$ 0.0006) per minute on landline to landline calls, and a tax of J$0.40 (US$ 0.005) per minute on all other calls - such as mobile to mobile, landline to mobile, mobile to landline and international calls.
Landline and Mobile Postpaid customers in Jamaica, will have the new tax reflected separately on their monthly
This will include a tax of J$0.05 (US$ 0.0006) per minute on landline to landline calls, and a tax of J$0.40 (US$ 0.005) per minute on all other calls - such as mobile to mobile, landline to mobile, mobile to landline and international calls.
Landline and Mobile Postpaid customers in Jamaica, will have the new tax reflected separately on their monthly
Elections in Republic of Congo: Ruling party winning the vote
More than two million voters are called to the polls in the Republic of Congo to elect a new parliament.
The ruling party of President Denis Sassou-Nguesso and its allies appear poised to hold their majority in Sunday's vote.
The election of the country's 139 lawmakers is monitored by some 60 international observers. The national election commission says some 6,000 polling stations across the republic of Congo will be open throughout the day.
Sassou-Nguesso first governed the
The ruling party of President Denis Sassou-Nguesso and its allies appear poised to hold their majority in Sunday's vote.
The election of the country's 139 lawmakers is monitored by some 60 international observers. The national election commission says some 6,000 polling stations across the republic of Congo will be open throughout the day.
Sassou-Nguesso first governed the
Friday, July 13, 2012
Kenya sets up new immigration rules to protect local jobs
Kenya has decided to issue fewer work permits to foreign workers in an attempt to boost employment for young Kenyans.
Kenya has shut the door on foreigners seeking permits for jobs that pay less than US$24,000 per year.
The new regulations are particularly targeted at foreigners holding jobs that can be handled by Kenya citizens.
There will also be a cap at the high end of the income scale: foreign medical, accounting, engineering, legal and real-estate professionals are banned
Kenya has shut the door on foreigners seeking permits for jobs that pay less than US$24,000 per year.
The new regulations are particularly targeted at foreigners holding jobs that can be handled by Kenya citizens.
There will also be a cap at the high end of the income scale: foreign medical, accounting, engineering, legal and real-estate professionals are banned
US relay sprinter Debbie Dunn withdraws from London Olympics after positive doping test
Debbie Dunn. PHOTO/File
Relay sprinter Debbie Dunn has withdrawn from the U.S. Olympic team after testing positive for excessive testosterone.
Dunn, who finished fourth in the 400 meters at Olympic trials, was selected for the American relay pool. She is the 2010 world indoor champion at 400 meters.
In a statement Friday, she acknowledged a positive doping test and said she was withdrawing from the Olympics while the U.S. Anti-Doping Agency resolves the case.
USADA CEO Travis
Relay sprinter Debbie Dunn has withdrawn from the U.S. Olympic team after testing positive for excessive testosterone.
Dunn, who finished fourth in the 400 meters at Olympic trials, was selected for the American relay pool. She is the 2010 world indoor champion at 400 meters.
In a statement Friday, she acknowledged a positive doping test and said she was withdrawing from the Olympics while the U.S. Anti-Doping Agency resolves the case.
USADA CEO Travis
A 'Phoenix' rises from Haiti quake ashes
Haiti's infamous Cite Soleil, one of the world's most violent and run-down slums, could boast a 15,000-seater stadium and sports complex if one philanthropist's dreams are realized.
Named after the mythological bird that rises from the ashes, the "Phoenix" is to be constructed, at least in part, using debris from the devastating January 2010 earthquake that claimed a quarter of a million Haitian lives.
The project is the brainchild of Robert "Boby" Duval, the son of one of Haiti's
Named after the mythological bird that rises from the ashes, the "Phoenix" is to be constructed, at least in part, using debris from the devastating January 2010 earthquake that claimed a quarter of a million Haitian lives.
The project is the brainchild of Robert "Boby" Duval, the son of one of Haiti's
South Africa train crash kills at least 19, 24 injured
A freight train collided with a truck carrying farm workers at a crossing in eastern South Africa Friday, killing at least 19 people and leaving bodies strewn across the scene of the accident.
"The accident was messy," said government spokesman Thulani Sibuyi describing heads and limbs severed from bodies.
At least two dozen people were injured in the accident in Mpumalanga, an eastern province in South Africa, said an emergency spokesman Jeff Wicks.
A final death toll is yet to be
"The accident was messy," said government spokesman Thulani Sibuyi describing heads and limbs severed from bodies.
At least two dozen people were injured in the accident in Mpumalanga, an eastern province in South Africa, said an emergency spokesman Jeff Wicks.
A final death toll is yet to be
Thursday, July 12, 2012
LeBron James, Brittney Griner athletes of year at 20th annual ESPY Awards
LeBron James accepts the award for best male athlete via satellite at the ESPY Awards.
LeBron James was the big winner at the ESPY Awards, collecting three trophies including male athlete of the year for helping the Miami Heat win the NBA championship.
James wasn’t on hand for the 20th annual show celebrating the year’s best athletes and moments in sports. He was in Las Vegas with the rest of the U.S. national team preparing for the London Olympics.
James also won in the
LeBron James was the big winner at the ESPY Awards, collecting three trophies including male athlete of the year for helping the Miami Heat win the NBA championship.
James wasn’t on hand for the 20th annual show celebrating the year’s best athletes and moments in sports. He was in Las Vegas with the rest of the U.S. national team preparing for the London Olympics.
James also won in the
Haiti: Mobile money transactions hit 5 million
Haiti mobile operators Digicel Haiti and Voila have topped 5 million transactions under their mobile money services, thus reaching the target set by the Haiti Mobile Money Initiative.
(More: Mobile money gains traction in Haiti despite slow start)
Digicel Haiti and Voila will share a US$ 3.2 million award from the Haiti Mobile Money Initiative because of achieving this milestone.
This is the final award in the US$ 10 million incentive fund that was initiated in June 2010, after the
(More: Mobile money gains traction in Haiti despite slow start)
Digicel Haiti and Voila will share a US$ 3.2 million award from the Haiti Mobile Money Initiative because of achieving this milestone.
This is the final award in the US$ 10 million incentive fund that was initiated in June 2010, after the
Michaela DePrince: African ballerina rises to top, inspires young girls
Michaela DePrince. PHOTO/First Position
Michaela DePrince was little more than a toddler when she saw her first ballerina — an image in a magazine page blown against the gate of the orphanage where she ended up during Sierra Leone's civil war. It showed an American ballet dancer posed on tip toe.
"All I remember is she looked really, really happy," Michaela DePrince told The Associated Press this earlier week. She wished "to become this exact person."
From the misery of the
Michaela DePrince was little more than a toddler when she saw her first ballerina — an image in a magazine page blown against the gate of the orphanage where she ended up during Sierra Leone's civil war. It showed an American ballet dancer posed on tip toe.
"All I remember is she looked really, really happy," Michaela DePrince told The Associated Press this earlier week. She wished "to become this exact person."
From the misery of the
Message to the African diaspora: It’s time to do business with Africa
Trade and investment throughout the African Diaspora will create jobs, healthcare, infrastructure and wealth. Booker T. Washington told us more than 100 years ago that if we start our own businesses and begin to do business with each other, we would survive and indeed prosper. We should adhere to his wisdom and make it so that it becomes a campaign to incubate businesses wherever we are and start doing business with each other globally.
Africa, the land of our origin is blessed with more
Africa, the land of our origin is blessed with more
Jamaica: Supreme Court throws out Digicel challenge to regulator
(Jamaica Observer) - Telecommunications company Digicel Jamaica said today it was “disappointed” with the ruling by the Supreme Court to refuse the company’s application seeking leave to proceed with its judicial review claim against the Office of Utilities Regulation (OUR).
Digicel Jamaica had been seeking to challenge the regulator’s determination authority to establish an interim mobile termination rate.
(More: Digicel Jamaica locks horns with regulator over drop in mobile
Digicel Jamaica had been seeking to challenge the regulator’s determination authority to establish an interim mobile termination rate.
(More: Digicel Jamaica locks horns with regulator over drop in mobile
Small arms destruction commences in the Ivory Coast - peace returns
An official says authorities in Ivory Coast are starting to destroy hundreds of small arms collected since the end of the post-election violence that claimed some 3,000 lives.
Spokeswoman Laetitia Dia Allou of the West African nation's commission against arms proliferation said the destruction of some 600 weapons started Thursday.
She says a total of about 2,000 weapons were collected from former militants and civilians since October 2011.
It is estimated that people across the
Spokeswoman Laetitia Dia Allou of the West African nation's commission against arms proliferation said the destruction of some 600 weapons started Thursday.
She says a total of about 2,000 weapons were collected from former militants and civilians since October 2011.
It is estimated that people across the
Election 2012: Obama to NAACP - stand with me
U.S. Vice President Joe Biden addresses the NAACP annual convention, Thursday, July 12, 2012. PHOTO/Pat Sullivan/AP
President Barack Obama has asked The National Association for the Advancement of Colored Peoples (NAACP) members to keep standing with him as he seeks re-election and sells his message of helping the middle class.
Obama appeared in a taped video message at the civil rights organization’s convention in Houston on Thursday.
President Obama told the NAACP that he stands
President Barack Obama has asked The National Association for the Advancement of Colored Peoples (NAACP) members to keep standing with him as he seeks re-election and sells his message of helping the middle class.
Obama appeared in a taped video message at the civil rights organization’s convention in Houston on Thursday.
President Obama told the NAACP that he stands
St Kitts & Nevis: Citizenship program begins to payoff - will finance new resort
An agreement was earlier this week between Range Developments, an affiliate of Hyatt Hotels Corporation, and Kiawah Partners to build and operate, contingent upon final financing, an ultra-luxury Park Hyatt hotel at Christophe Harbour on the eastern Caribbean island of St Kitts. The project will be financed under the St Kitts & Nevis Citizenship by Investment Program through the sale of individual investment shares for US$400,000.
(More: St Kitts-Nevis citizenship by investment program
(More: St Kitts-Nevis citizenship by investment program
West Africa Monetary Zone moving towards single currency
The West Africa Monetary Zone (WAMZ) groups together Guinea and the five Anglophone West African countries of Liberia, Sierra Leone, Ghana, Nigeria and The Gambia.
One of the major objectives of the West Africa Monetary Zone, is the introduction of a single currency for member states of the organisation to be known as the Eco.
Finance ministers and central bank governors of the six member countries are currently meeting in Monrovia to discuss how to harmonize their payment systems and
One of the major objectives of the West Africa Monetary Zone, is the introduction of a single currency for member states of the organisation to be known as the Eco.
Finance ministers and central bank governors of the six member countries are currently meeting in Monrovia to discuss how to harmonize their payment systems and
Wednesday, July 11, 2012
Profile: Tabitha Karanja - founder and CEO Keroche Breweries
Tabitha Karanja - founder and CEO., Keroche Breweries. PHOTO/Daily Nation
Tabitha Karanja of Kenya, is an entrepreneur who has dared to "tread only where men walk". She is the founder and CEO of Keroche Breweries - the first enterprise of the sort to be owned by a woman in Africa.
Ms. Karanja who faced seemingly insurmountable challenges including high taxation, competition from the multinationals, threats, intimidation has watched her business grow from a small three-roomed factory
Tabitha Karanja of Kenya, is an entrepreneur who has dared to "tread only where men walk". She is the founder and CEO of Keroche Breweries - the first enterprise of the sort to be owned by a woman in Africa.
Ms. Karanja who faced seemingly insurmountable challenges including high taxation, competition from the multinationals, threats, intimidation has watched her business grow from a small three-roomed factory
Usain Bolt capable of running under 9 sec - Tommie Smith
Jamaican sprinter Usain Bolt. PHOTO/File
World 100 metres record holder Usain Bolt could break the nine-second barrier if he gets a start as fast as his training partner Yohan Blake, according to the former world 200 metres record holder Tommie Smith.
Bolt, who was beaten by Blake in both the 100 and 200 at this year's Jamaican trials, set his world record of 9.58 seconds at the 2009 Berlin world championships.
He also reduced his own world 200 record to 19.19 in Berlin.
"If he
World 100 metres record holder Usain Bolt could break the nine-second barrier if he gets a start as fast as his training partner Yohan Blake, according to the former world 200 metres record holder Tommie Smith.
Bolt, who was beaten by Blake in both the 100 and 200 at this year's Jamaican trials, set his world record of 9.58 seconds at the 2009 Berlin world championships.
He also reduced his own world 200 record to 19.19 in Berlin.
"If he
Profile: Ryan Knight - founder and CEO The Detailing Knights
Ryan Knight - founder and CEO The Detailing Knights
Ryan Knight is an entrepreneur who turned adversity into triumph.
Knight turned the loss of a job in 2008 as a result if the economic slowdon into an opportunity, and founded and launched the now successful company - The Detailing Knights.
The Detailing Knights based in Brampton, Ontario, are a waterless mobile car detailing company whose mission is to save time and money for customers while at the same time saving water and helping
Ryan Knight is an entrepreneur who turned adversity into triumph.
Knight turned the loss of a job in 2008 as a result if the economic slowdon into an opportunity, and founded and launched the now successful company - The Detailing Knights.
The Detailing Knights based in Brampton, Ontario, are a waterless mobile car detailing company whose mission is to save time and money for customers while at the same time saving water and helping
Botswana VP Merafhe to step down over ill health
Botswana Vice President., Mompati Merafhe. PHOTO/File
The Vice President of Botswana, Mompati Merafhe, has announced his intention to retire at the end of this month due to ill health.
Merafhe informed the President Ian Khama of his intention to retire on 31 July, and Khama has accepted Merafhe’s request.
According to highly place sources, the 76-year-old vice president had previously indicated his intention to retire in 2014, but due to ill-health he had chosen to retire
The Vice President of Botswana, Mompati Merafhe, has announced his intention to retire at the end of this month due to ill health.
Merafhe informed the President Ian Khama of his intention to retire on 31 July, and Khama has accepted Merafhe’s request.
According to highly place sources, the 76-year-old vice president had previously indicated his intention to retire in 2014, but due to ill-health he had chosen to retire
Barbados will not devalue currency
Barbados and its citizens do not want a devaluation of their currency and Governor of the Central Bank of Barbados, Dr DeLisle Worrell has delivered that blunt message to international rating agencies and the International Monetary Fund (IMF).
However, neither the ratings agencies nor the IMF had asked Barbados to devalue its currency which has been pegged to the United States dollar at 2:1 since 1973.
Barbados initially rejected this as an option in the face of the foreign currency
However, neither the ratings agencies nor the IMF had asked Barbados to devalue its currency which has been pegged to the United States dollar at 2:1 since 1973.
Barbados initially rejected this as an option in the face of the foreign currency
Election 2012: Obama widens lead over Romney
U.S. President Barack Obama (l) and Republican presidential candidate Mitt Romney (r). PHOTO/File
(Reuters) - President Barack Obama's slim lead over Republican rival Mitt Romney in the White House race is fueled by a broad marriage gap, with Obama enjoying a big advantage among single voters - particularly women, a Quinnipiac University poll found on Wednesday.
Obama leads among single voters by 54 percent to 34 percent, while married voters back Romney 51 percent to 38 percent, the
(Reuters) - President Barack Obama's slim lead over Republican rival Mitt Romney in the White House race is fueled by a broad marriage gap, with Obama enjoying a big advantage among single voters - particularly women, a Quinnipiac University poll found on Wednesday.
Obama leads among single voters by 54 percent to 34 percent, while married voters back Romney 51 percent to 38 percent, the
Mali: Senegal will not be contributing troops towards ECOWAS intervention
Senegal has withdrawn a commitment to contribute troops for a regional ECOWAS intervention in Mali.
Senegal President Macky Sall communicated the decision during a visit to France.
Sall justified his decision by saying that the Senegal armed forces were already spread thin by several peacekeeping missions abroad. Peacekeepers from Senegal are presently engaged under United Nations mandates in the Democratic Republic of Congo, Cote d’Ivoire, Sudan and Guinea-Bissau.
Some analysts
Senegal President Macky Sall communicated the decision during a visit to France.
Sall justified his decision by saying that the Senegal armed forces were already spread thin by several peacekeeping missions abroad. Peacekeepers from Senegal are presently engaged under United Nations mandates in the Democratic Republic of Congo, Cote d’Ivoire, Sudan and Guinea-Bissau.
Some analysts
Tuesday, July 10, 2012
Part 3: Are we Intellectualizing & Rationalizing Ourselves into Oblivion?
By Ryan Elcock,
In this third and last installment of the series on how blacks intellectualize and rationalize themselves into oblivion, I examine the Caribbean and Africa and assert that their governments and academics have been duped by organizations like the IMF and World Bank. In Part 1, I stated that we are indeed headed towards oblivion and in part 2, I observed that academics and intellectuals have caused more problems for blacks in America rather than worked towards improving
In this third and last installment of the series on how blacks intellectualize and rationalize themselves into oblivion, I examine the Caribbean and Africa and assert that their governments and academics have been duped by organizations like the IMF and World Bank. In Part 1, I stated that we are indeed headed towards oblivion and in part 2, I observed that academics and intellectuals have caused more problems for blacks in America rather than worked towards improving
Comcast Named a Top Company for Diversity by Black Enterprise Magazine
(BUSINESS WIRE) -- Comcast Corporation, one of the world's leading media, entertainment and communications companies, announced today that it has been named to Black Enterprise magazine's annual list of the "40 Best Companies for Diversity." The publication recognized Comcast and NBCUniversal's diverse employee base, supplier diversity program and the diverse representation of the Company's Board of Directors as key strengths.
In selecting the top 40, Black Enterprise conducted a
In selecting the top 40, Black Enterprise conducted a
Nigeria and Ghana leading Africa's journey to space
As the US space programme loses momentum with the retirement of the space shuttle, those of Nigeria and Ghana and Nigeria are just taking off.
Nigeria founded its National Space Research and Development Agency (NASRDA) in 1999 with the intent of using and developing space technology that would translate into socio-economic benefits for the population at large. It launched its first satellite in 2003.
Nigeria has made great strides in satellite technology in the past decade with the
Nigeria founded its National Space Research and Development Agency (NASRDA) in 1999 with the intent of using and developing space technology that would translate into socio-economic benefits for the population at large. It launched its first satellite in 2003.
Nigeria has made great strides in satellite technology in the past decade with the
London 2012: Usain Bolt, Yohan Blake rivalry adds more excitment to track events
Jamaican sprinters Usain Bolt, right, and Yohan Blake, in Monaco. PHOTO/AP
Almost from the moment Usain Bolt finished his 3-for-3-for-3 performance at the Beijing Olympics - three events, three gold medals, three world records - everyone began to wonder what he would do for an encore four years later.
That all changed in the span of about 72 hours.
Yohan Blake, Bolt's countryman, workout partner and rival, beat the World's Fastest Man in the 100- and 200-meter finals at Jamaica's
Almost from the moment Usain Bolt finished his 3-for-3-for-3 performance at the Beijing Olympics - three events, three gold medals, three world records - everyone began to wonder what he would do for an encore four years later.
That all changed in the span of about 72 hours.
Yohan Blake, Bolt's countryman, workout partner and rival, beat the World's Fastest Man in the 100- and 200-meter finals at Jamaica's
CARICOM: Caribbean Court of Justice to be final appellate court
Caribbean Community (CARICOM) heads of government have agreed that the Caribbean Court of Justice (CCJ) will be the final appellate court for the region.
This was disclosed by Barbados Prime Minister Freundel Stuart, as he gave a rundown of some of the issues discussed in caucus before the close of the 33rd regular meeting of the Conference of Heads of Government of CARICOM. The annual summit came to a close on Friday in Castries, St Lucia.
(More: Jamaica moving to join the Caribbean
This was disclosed by Barbados Prime Minister Freundel Stuart, as he gave a rundown of some of the issues discussed in caucus before the close of the 33rd regular meeting of the Conference of Heads of Government of CARICOM. The annual summit came to a close on Friday in Castries, St Lucia.
(More: Jamaica moving to join the Caribbean
Election 2012: Obama to make pitch on tax cuts
U.S. President Barack Obama (l) and Republican presidential candidate Mitt Romney (r). PHOTO/File
Seeking an election-year fight over taxes, President Barack Obama is hitting the road to press Congress to extend tax cuts for low- and middle-income earners, framing a debate with Mitt Romney and congressional Republicans over tax fairness.
Obama was making his pitch Tuesday in Iowa, the state that launched his presidential bid in 2008. He faces a tough contest there against Romney this
Seeking an election-year fight over taxes, President Barack Obama is hitting the road to press Congress to extend tax cuts for low- and middle-income earners, framing a debate with Mitt Romney and congressional Republicans over tax fairness.
Obama was making his pitch Tuesday in Iowa, the state that launched his presidential bid in 2008. He faces a tough contest there against Romney this
Thomas Lubanga - Congolese Warlord Sentenced to 14 Years in Prison
Thomas Lubanga Dyilo. PHOTO/File
The International Criminal Court (ICC) sentenced a Congolese warlord to 14 years in prison on Tuesday, a watershed moment for the 10-year-old tribunal and a potential landmark in the struggle to protect children during wartime.
Judges found Thomas Lubanga guilty in March of recruiting and using children in his Union of Congolese Patriots militia, sending them to kill and be killed during fighting in Congo's eastern Ituri region in 2002-2003. Tuesday's
The International Criminal Court (ICC) sentenced a Congolese warlord to 14 years in prison on Tuesday, a watershed moment for the 10-year-old tribunal and a potential landmark in the struggle to protect children during wartime.
Judges found Thomas Lubanga guilty in March of recruiting and using children in his Union of Congolese Patriots militia, sending them to kill and be killed during fighting in Congo's eastern Ituri region in 2002-2003. Tuesday's
Monday, July 9, 2012
Kenya: Wind Power generation - getting closer to reality
Wind farm located at the Ngong Hills near Nairobi, Kenya. PHOTO/File
The Lake Turkana Wind Power Project (LTWP)– a 300-megawatt proposal for the northeast part of Kenya is getting closer to reality.
(More: Kenya to become regional leader in green energy: Set to build huge windfarm)
The project co-financed by the Kenya Government, various international lenders aims to provide low cost wind power at a cost of US$ 894 million.
The project will open up northern Kenya and South Sudan
The Lake Turkana Wind Power Project (LTWP)– a 300-megawatt proposal for the northeast part of Kenya is getting closer to reality.
(More: Kenya to become regional leader in green energy: Set to build huge windfarm)
The project co-financed by the Kenya Government, various international lenders aims to provide low cost wind power at a cost of US$ 894 million.
The project will open up northern Kenya and South Sudan
Moguldom Bets on Video and Mobile to Connect Black Women to Brands
Jamarlin Martin - Chairman & CEO Moguldom Media Group
African-American media firm Moguldom is banking on video content to attract big brand dollars.
Advertisers including General Mills, Lincoln, and Toyota have wrapped their brands around Moguldom Media Group-produced web series like "She's The Boss" and fashion entrepreneur show "How I Made It."
Moguldom's first website hit was Bossip, a gossip site frequented by black women, a "sweet spot" audience niche for Moguldom, according
African-American media firm Moguldom is banking on video content to attract big brand dollars.
Advertisers including General Mills, Lincoln, and Toyota have wrapped their brands around Moguldom Media Group-produced web series like "She's The Boss" and fashion entrepreneur show "How I Made It."
Moguldom's first website hit was Bossip, a gossip site frequented by black women, a "sweet spot" audience niche for Moguldom, according
Haiti: Gold Rush - but will it benefit the people?
Haiti might be “poorest country in the Americas,” but the tiny nation is also sitting on a gold mine.
The new Prime Minister Laurent Lamothe says he’s banking on the wealth in the northern mountains to lift Haiti out of poverty, but if history is any guide, the mining of gold, silver and copper hidden in the hills will mostly benefit foreign shareholders as it scars and pollutes an already denuded and fragile landscape.
Haiti might have something to gain, but it also has much to
The new Prime Minister Laurent Lamothe says he’s banking on the wealth in the northern mountains to lift Haiti out of poverty, but if history is any guide, the mining of gold, silver and copper hidden in the hills will mostly benefit foreign shareholders as it scars and pollutes an already denuded and fragile landscape.
Haiti might have something to gain, but it also has much to
Nigeria: Supreme Court cancels sale of aluminum plant
The supreme court in Nigeria has overturned the sale of a state-owned aluminum processing plant to the world's largest aluminum producer.
Justice Afolabiyi Fabiyi ruled Friday that the sale of Aluminum Smelter Company of Nigeria (ALSCON) to Moscow-based United Company RUSAL PLC was illegal.
He said that the preferred bidder was wrongfully disqualified. He said BFI Group offered US$410 million and that RUSAL offered US$205 million.
BFI Group sued the Nigeria Bureau for Public Enterprise
Justice Afolabiyi Fabiyi ruled Friday that the sale of Aluminum Smelter Company of Nigeria (ALSCON) to Moscow-based United Company RUSAL PLC was illegal.
He said that the preferred bidder was wrongfully disqualified. He said BFI Group offered US$410 million and that RUSAL offered US$205 million.
BFI Group sued the Nigeria Bureau for Public Enterprise
NAACP pledging to help register more voters
The National Association for the Advancement of Colored People (NAACP), vows to register 1 million new voters in time for the November elections to overturn what leaders called an "onslaught of state restrictions on voting."
Alluding to the long struggle of the nation's oldest and largest civil rights organization, NAACP Board Chair Roslyn Brock insisted in the opening address of the association's 103rd annual convention on Sunday night that voting rights were again in
Alluding to the long struggle of the nation's oldest and largest civil rights organization, NAACP Board Chair Roslyn Brock insisted in the opening address of the association's 103rd annual convention on Sunday night that voting rights were again in
The Misled Are Neither Brave Nor Free
We are compelled to continue with last week's tirade. We argued that many in America are, supposedly, brave and free. We also said that they are guillable and in the process, very misled. This week, the discourse is simple: One cannot be brave or free if they are ignorant or completely led astray. The same meme has perpetrated itself from time immemorial. The ones who were sold into slavery were tricked by their own African brethren back in those dark days. Most of those in Africa and the
Jamaica and CARICOM: An uneasy "marriage"?
Jamaica Prime Minister Portia Simpson-Miller (r) Welcomes CARICOM Secretary General Ambassador Irwin LaRocque. PHOTO/File
Amid an escalating trade war between Jamaica and Trinidad &Trinidad — two of the English-speaking Caribbean’s largest economies, a frustrated former Jamaica commerce minister suggested what was once unthinkable: that his country consider leaving the Caribbean Community (CARICOM) regional trade bloc.
(More: Jamaica will not leave CARICOM: – Secretary General
Amid an escalating trade war between Jamaica and Trinidad &Trinidad — two of the English-speaking Caribbean’s largest economies, a frustrated former Jamaica commerce minister suggested what was once unthinkable: that his country consider leaving the Caribbean Community (CARICOM) regional trade bloc.
(More: Jamaica will not leave CARICOM: – Secretary General
Nigeria men's basketball team takes final Olympic spot
Nigeria Basket Ball team celebrates victory over Dominican Republic.
Ike Diogu scored 25 points, and Nigeria earned the final men's basketball spot in the London Olympics with an 88-73 victory over the Dominican Republic on Sunday night.
"I'm very happy. We did what had to be done," Diogu said. "We knew we were going to face teams that are heavyweights, and we did what we needed to do - win."
Yack Martinez led the Dominican Republic with 16 points.
Russia and Lithuania also
Ike Diogu scored 25 points, and Nigeria earned the final men's basketball spot in the London Olympics with an 88-73 victory over the Dominican Republic on Sunday night.
"I'm very happy. We did what had to be done," Diogu said. "We knew we were going to face teams that are heavyweights, and we did what we needed to do - win."
Yack Martinez led the Dominican Republic with 16 points.
Russia and Lithuania also
President Obama to push extension of middle-class tax cuts
U.S. President Barack Obama. PHOTO/File
President Barack Obama is launching a push to extend tax cuts for the middle class, starting with an address from the White House on Monday.
A senior administration official says Obama will call for a one-year extension of tax cuts for people making less than US$250,000 a year.
House Republicans are expected to push this month for a measure to extend all of the Bush-era tax cuts due to expire at the end of the year, including reductions on
President Barack Obama is launching a push to extend tax cuts for the middle class, starting with an address from the White House on Monday.
A senior administration official says Obama will call for a one-year extension of tax cuts for people making less than US$250,000 a year.
House Republicans are expected to push this month for a measure to extend all of the Bush-era tax cuts due to expire at the end of the year, including reductions on
Sunday, July 8, 2012
Top Companies in Africa
Top companies in Africa ranked primarily by market capitalization.
Some of the companies below are listed on stock exchanges in Africa as well as other bourses elsewhere in the world.
South African firms dominate list of the top companies in Africa.
1. BHP billiton
Company Name: BHP billiton
Rank: 1
Country: South Africa
Industry: Mining and Metals
Value: US$ 71.5 billion
2. Dangote Cement
Company Name: Dangote Cement
Rank: 15
Country:
Some of the companies below are listed on stock exchanges in Africa as well as other bourses elsewhere in the world.
South African firms dominate list of the top companies in Africa.
1. BHP billiton
Company Name: BHP billiton
Rank: 1
Country: South Africa
Industry: Mining and Metals
Value: US$ 71.5 billion
2. Dangote Cement
Company Name: Dangote Cement
Rank: 15
Country:
Jamaica inches closer to join club of oil producing nations
Jamaica together with its closest southern neighbor Colombia, has conducted a marine life survey that will help to prevent damage to the marine ecosystem when drilling and possible oil production begins within the next two years.
Oil is already mined around much of Colombia's coast, which is actually closer to Jamaica than the island is to Miami, Florida.
It is believed that Jamaica has the equivalent of up to 3 billion barrels of oil in off-shore reserves.
Read
Oil is already mined around much of Colombia's coast, which is actually closer to Jamaica than the island is to Miami, Florida.
It is believed that Jamaica has the equivalent of up to 3 billion barrels of oil in off-shore reserves.
Read
5.1 magnitude earthquake hits Haiti, Dominican Republic border region
A 5.1-magnitude earthquake shook the area of El Cachon in the Dominican Republic near the border with Haiti Saturday, according to the United States Geological Survey.
El Cachon is a town in the Barahona province. The epicentre of the quake was two kilometres east southeast of El Cachon, and 127 kilometres west-southwest of Santo Domingo.
The earthquake which occurred at about 4:30pm EST was reportedly felt in towns across Haiti and the Dominican Republic.
Relevant authorities in
El Cachon is a town in the Barahona province. The epicentre of the quake was two kilometres east southeast of El Cachon, and 127 kilometres west-southwest of Santo Domingo.
The earthquake which occurred at about 4:30pm EST was reportedly felt in towns across Haiti and the Dominican Republic.
Relevant authorities in
Wimbledon 2012: Williams sisters are doubles champs
Venus Williams (l) and Serena Williams (r). PHOTO/Getty Images
One Wimbledon title wasn’t enough for Serena Williams.
About five hours after Williams won her fifth singles title by beating Agnieszka Radwanska, she and sister Venus were back on Centre Court to beat Czech duo Andrea Hlavackova and Lucie Hradecka 7-5, 6-4 Saturday in the doubles final.
It was their fifth Wimbledon doubles title together, and came shortly after Venus watched her little sister win the singles
One Wimbledon title wasn’t enough for Serena Williams.
About five hours after Williams won her fifth singles title by beating Agnieszka Radwanska, she and sister Venus were back on Centre Court to beat Czech duo Andrea Hlavackova and Lucie Hradecka 7-5, 6-4 Saturday in the doubles final.
It was their fifth Wimbledon doubles title together, and came shortly after Venus watched her little sister win the singles
African Union elections: Nigeria and South Africa vie for influence
South Africa's Nkosazana Dlamini-Zuma (l) and Incumbent African Union Commission Chairperson Jean Ping (r). PHOTO/File
The battle for greater influence in Africa between Nigeria and South Africa and an attempt by France to play a bigger role in issues in Africa, are likely to influence who becomes the next head of the African Union (AU) Commission in the coming week’s election.
There is a growing competition between Nigeria and South Africa for the control of the continent’s
The battle for greater influence in Africa between Nigeria and South Africa and an attempt by France to play a bigger role in issues in Africa, are likely to influence who becomes the next head of the African Union (AU) Commission in the coming week’s election.
There is a growing competition between Nigeria and South Africa for the control of the continent’s
Saturday, July 7, 2012
Reduction in stamp tax to stimulate housing market in the Bahamas
Rental Cottage at North Palmetto Point in the Bahamas. PHOTO/File
With the government of Bahamas recent approval of a 2 percent reduction in the country's stamp tax, there has never been a better time to invest said Rachel Pinder, principle broker at Island Living Real Estate.
The stamp tax, which was originally set at 12 percent in 2010, was reduced to 10 percent for all properties worth more than US$250,000.
According to Pinder, when the stamp tax was first introduced at 12
With the government of Bahamas recent approval of a 2 percent reduction in the country's stamp tax, there has never been a better time to invest said Rachel Pinder, principle broker at Island Living Real Estate.
The stamp tax, which was originally set at 12 percent in 2010, was reduced to 10 percent for all properties worth more than US$250,000.
According to Pinder, when the stamp tax was first introduced at 12
London 2012: Kobe Bryant, LeBron James headed to Olympics
Basket Ball super stars Kobe Bryant (l) and LeBron James. PHOTO/File
Blake Griffin, Andre Iguodala and James Harden were chosen Saturday to complete the roster for the U.S. Olympic basketball team.
They earned the final three spots that opened after a rash of injuries knocked out at least four players who would have been on the team. They beat out Eric Gordon, Rudy Gay and No. 1 draft pick Anthony Davis of New Orleans, who couldn't scrimmage this week because of a sprained ankle.
Also
Blake Griffin, Andre Iguodala and James Harden were chosen Saturday to complete the roster for the U.S. Olympic basketball team.
They earned the final three spots that opened after a rash of injuries knocked out at least four players who would have been on the team. They beat out Eric Gordon, Rudy Gay and No. 1 draft pick Anthony Davis of New Orleans, who couldn't scrimmage this week because of a sprained ankle.
Also
The story behind the emerging strategic Africa China alliance
By Emmanuel Musaazi
China has become the new cash cow on the block.
Money from China is being sought worldwide and countries are lining up bowl in hand from Africa to Asia and the Caribbean to South America.
Europe too has joined the queue and the Chinese are not disappointing, apparently willing to disburse freely, prompting suspicion about their motives.
It is said that nothing goes for nothing so the big question is what is China’s deal?
A lot of things had to happen by
China has become the new cash cow on the block.
Money from China is being sought worldwide and countries are lining up bowl in hand from Africa to Asia and the Caribbean to South America.
Europe too has joined the queue and the Chinese are not disappointing, apparently willing to disburse freely, prompting suspicion about their motives.
It is said that nothing goes for nothing so the big question is what is China’s deal?
A lot of things had to happen by
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