So also the time Atiku Abubakar was termed Saraki’s aide, and now the most ridiculous claim of the century- that Atiku is not fit to contest election. Going by the constitution which makes provision for citizenship by birth in Section 25, many others have termed Atiku a Nigerian by Referendum and not birth. The present crisis started” with Nigerian independence in 1960, but the federated parliament hid “serious internal strains. He was born in 1942, 18 years before independence and 4 years before Atiku Abubakar was born. Atiku is the same person that schooled in Nigeria, rose to head Customs, was Govenor-elect and ex-Vice President.
April 17, 2019 12:00 UTC
Following the recent launch of its agro-commodity aggregator platform, Farmgate Africa, Farmcrowdy Group has entered into a partnership with Livestock247, an online livestock market in Nigeria. The collaboration will see both agro-startups pull resources together to improve livestock production and trading in the country. Partnership structureFor production, Livestock247 will be helping Farmcrowdy pilot its first ever cattle feedlot in Adamawa State. Lagos is the primary target, being the largest consuming livestock market in sub-Saharan Africa. It provides a platform for buyers of livestock to purchase traceable and fit for slaughter livestock from anywhere and at any time without inconveniences.
April 17, 2019 11:37 UTC
ATHENS – In a rare show of bipartisanship, most Greek parties in Parliament are behind calls for Greece to again demand World War II reparations from Germany – whose banks put up the bulk of 326 billion euros ($368.82 billion) in three international bailouts. Hitler’s forces occupied Greece in 1941-1944 and forced Greece to give a so-called “occupation loan” used to help finance its campaign in North Africa, leading to unstoppable inflation and a famine that caused thousands to starve to death. The loan was for 476 million Reichsmarks, which Greek officials have estimated to be worth as high as $11.54 billion. The loan was for 476 million Reichsmarks, which Greek officials have estimated to be worth as high as $11.54 billion. In December, Pavlopoulos said that Greece’s demands on the loan and any kind of reparations over the victims of the German occupation army are “legally active and legally pursuable,” still.
April 17, 2019 11:37 UTC
The Moroccan security services, in coordination with their Spanish security peers, announced on Tuesday the dismantling of a criminal network, which embezzled large sums of money from accounts in several international banks. According to Morocco’s Central Bureau for Judicial Investigations (BCIJ), the equivalent of the FBI, the scammers used malwares to carry out their fraud with the connivance of some call center employees who illegally provided the criminals with personal and banking data on some victims. Sixteen persons were nabbed in the cities of Casablanca, Meknes, Khenifra, Oujda, Marrakech and El Hajeb for their involvement in this fraud operation and their associates installed in Spain, said the Moroccan authorities. The search carried out by the police in the homes of the culprits led to the seizure of electronic equipment and large sums of money. The dismantling of the network with international ramification shows Morocco’s firm commitment to cooperate with its European partners in the fight against terrorism and transnational crimes.
April 17, 2019 11:15 UTC
PepsiCo Inc.'s revenue rose in the latest quarter, boosted by the company's Frito-Lay division in North America, but foreign-currency effects weighed on international operations. The maker of Pepsi beverages, Quaker oatmeal and Tropicana orange juice said revenue rose 2.6% to $12.88 billion. Sales in the company's North America Frito-Lay division rose 5.5% while revenue rose 2.2% in the company's North America beverages division. The maker of Pepsi beverages, Quaker oatmeal and Tropicana orange juice said revenue rose 2.6% to $12.88 billion. Sales in the company's North America Frito-Lay division rose 5.5% while revenue rose 2.2% in the company's North America beverages division.
April 17, 2019 10:52 UTC
Aim-traded Chariot Oil & Gas (CHAR:4p), a £14.7m market cap oil exploration company with activities in Morocco, Namibia and Brazil, has been awarded a 75 per cent interest and operatorship in the Lixus Offshore Licence, Morocco, in partnership with the state owned oil company Office National des Hydrocarbures et des Mines (ONHYM) which holds a 25 per cent carried interest. To continue reading, subscribe today and enjoy unlimited access to the following: Tips of the WeekFunds coverageWeekly features on big investment themesTrading ideasComprehensive companies coverageEconomic analysis Subscribe
April 17, 2019 10:52 UTC
TechInAfrica – The 3rd edition of AIM Startup was held in conjunction with the Annual Investment Meeting in Dubai on April 10, 2019. More than 100 startups from the Middle East and North Africa (MENA) gathered at the event. The AIM Startup 2019 went under the theme Harnessing Global Digitization to Empower Startup and SMEs. At the AIM Startup 2019, Khalifa Fund is one of the exhibitors that showcased its financial solutions for national SMEs. In the national level, there are National Program for SMEs and Projects, Sheraa, Sharjah Business Women Council, Khalifa Fund, Dubai South, Wamda, Abu Dhabi Global Market, etc.
April 17, 2019 10:30 UTC
PepsiCo on Wednesday reported quarterly earnings and revenue that topped analysts' expectations, thanks to continued growth internationally and by its Frito-Lay snack business. Excluding restructuring and impairment charges, tax benefits and other items, PepsiCo earned 97 cents per share, topping the 92 cents per share expected by analysts surveyed by Refinitiv. Laguarta blamed currency headwinds for the difference between overall sales growth and organic growth. On Wednesday, the company reiterated its 2019 targets, including 4 percent organic revenue growth and earnings per share of $5.50. Last quarter, PepsiCo missed Wall Street's expectations for its 2019 outlook when it forecast declining earnings as it spends more on marketing and advertising to boost sales.
April 17, 2019 10:18 UTC
PepsiCo (PEP) earnings, revenue in Q1 beat market expectationsBeverage giant PepsiCo Inc. (PEP) announced its first-quarter 2019 earnings results on Wednesday, April 17, before the opening bell. Net revenue inched just 3% higher to $12.9 billion, with operating profit jumping 11% to $2 billion. Analysts expected the Coke-rival to report earnings of $0.92 per share on revenue of $12.7 billion. When dissected, revenue from Frito-Lay North America grew 5.5% to $3.8 billion, while that from Quaker Foods North America slipped 1% to just $594 million. PepsiCo Beverages North America revenue grew 2% to $4.5 billion.
April 17, 2019 10:14 UTC
Hungarian Prime Minister Viktor Orban praised Serbia for having accepted Budapest's decision to erect a barrier at its border to stem the continuous flow of unauthorized migrants. Orban spoke to journalists on Monday in Subotica, in northern Serbia at the Hungarian border, following a joint session of the governments of the two countries. He said Serbia understood that it also benefits from the barrier at the border because while migrants can't enter Hungary, less will also arrive in Serbia. It's a shared success of Serbian and Hungarian migratory policy," the conservative prime minister said. Serbian Prime Minister Ana Brnabic highlighted the humane and responsible approach by her country during the most critical phase of the migrant emergency along the Balkan route in 2015 and 2016.
April 17, 2019 09:00 UTC
Egypt ‘to be Africa’s data gateway’, says CEO of Telecom Egypt at Capacity event4h | Alan Burkitt-GrayEgypt is poised to become the African hub and the gateway to Africa, says the CEO of Telecom Egypt, opening a Capacity conference. Adel Hamed (pictured), who took over the leadership of Telecom Egypt earlier this year, opened the Capacity North Africa conference in Cairo with a declaration that the company and Egypt itself could be the key hub for Africa. North Africa needs more internet exchanges and data centres to keep content in Africa.”He called for Alexandria, on Egypt’s Mediterranean coast, to become a data centre hub comparable wit Marseille. Guillaume Perdriaud, chief wholesale and international officer at Inwi, the Moroccan operator, agreed about the importance of building infrastructure into Africa. We need to build the future,” he told the conference.
April 17, 2019 07:41 UTC
Total steel demand will reach 1,735 million tonnes (Mt) in 2019, and 1,752 Mt in 2020. In China, steel demand is contracting due to the impact of trade tensions with the United States and a slowdown in Chinese economic growth, the steel outlook on Tuesday said. Demand for steel in emerging economies, excluding China, is expected to grow by 2.9 per cent and 4.6 per cent in 2019 and 2020. Steel demand in Korea has been contracting since 2017 due to reduced demand from two major steel-using sectors – shipbuilding and automotive. In the US, too, steel demand growth is expected to slow, as fiscal stimuli subside, according to the report.
April 17, 2019 06:53 UTC
According to the South African Machinery Association, the current situation regarding summer crop prospects, particularly in the west of the country, is precarious. However, expansion in major economies, including South Africa and Nigeria, is likely to prove disappointing. Source: National sources, Fitch SolutionsImproving Prospects For Long-Term GrowthMachinery companies are slowing growth more optimistic about the long-term sales growth prospects in the region. Despite the optimism, we believe that countries in Southern Africa and North Africa will remain the key markets for agricultural machinery companies in Africa over the next five years. In October 2017, M&M announced that it will set up new production sites in Durban, South Africa, which began operations in mid-2018.
April 17, 2019 06:00 UTC
“It was liberating, I felt like I was actually changing something,” Al Daoud recalls. “They were saying really harassing phrases like esh ya gita – calling the model a cat – and other insults,” Al Daoud says. First, Al Daoud had to convince her family. “You can’t put a border on Islam,” Al Daoud says. “It’s always going to be a fight but sometimes it’s worth it.”
April 17, 2019 06:00 UTC
Only a few African nations operate more than a handful of Su-25s. Even South Africa, which has the most developed economy on the continent, barely flies its fleet of 26 Saab JAS-39C/D Gripens. Paramount, recognizing that it might have an opportunity, started developing the light turboprop counter-insurgency machine in 2009 with the African market in mind. South Africa has a range of indigenous weapon it can offer to potential clients—the Denel Mokopa anti-tank missile is just one example. The ARHLACs only real weakness is that South Africa has to seek approval to export the PT-6 from the U.S. government—which could be a problem for some potential customers.
April 17, 2019 03:56 UTC