IGIHE

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  • 2,500 Jobs Created at EXPO16

    {{The Rwanda Private Sector Federation has revealed that over 2500 jobs have been created in the ongoing EXPO 16 at Gikondo grounds.}}

    Mukarwema Yvette an official from PSF said despite other positive returns from the EXPO, this years EXPO 16 created more jobs compared to other previous years.

    PSF alone hired over 500 people at the EXPO and about 450 stalls were sold out to clients to exhibit their products and services at the Gikondo show grounds.

    Atleast on every stall there are three people employed to facilitate in the exhibition.

    Exhibitors include Telecom companies, Bralirwa, and other companies dealing in various products and services.

  • Baby Burried Alive but Rescued

    {{Police in Rubavu district is holding a suspect arrested in connection with giving birth and burrying the infant alive.}}

    The suspect has been identified as Nyiramategeko Mediatrice 21, resident at Micinyiro, Mudende sector. She was arrested on August 1.

    According to a neighbour Nyiramategeko gave birth to a baby and burried it near her home before she was arrested hours later.

    While on their daily routine visits to expectant mothers in the area, the community health officials had also visited Nyiramategeko only to find that she wasnt pregnant but also showing signs of having given birth.

    The community health workers said Nyiramategeko had swollen breasts.

    Other Neighbours also told IGIHE that Nyiramategeko had been pregnant for all the past nine months but they were ‘suprised’ to see her not pregnant by the time Police whisked her away.

    However, Nduwayo Eric, the Executive Secretary of Mudende Sector told IGIHE that the baby was retrieved from the Grave alive and quickly taken to Hospital for emergency attention.

  • Karongi-Nyamasheke Road to be Paved

    {{Construction of the Karongi-Nyamasheke road is underway. This is expected to cutdown on the inconviniences that have been caused by the potholes that made the road impassable by motorists for fear of damaging their vehicles.}}

    The road will be paved and will easily connect Karongi district to Rusizi and Nyamasheke districts. Previously travellers had to go through Muhanga, Ruhango, Nyanza, Huye and Nyamagabe to connect to Rusizi and Nyamasheke districts.

    Dr Nzahabwanimana Alexis an official from the minsitry of Infrastructure said the contractor began conducting its survey on the road since the begining of July 2013. Construction is expected to start August 2,1 2013.

    Construction of the road will be completed in a period of 30months if all goes according to plan.

    Kayumba Bernard, the Mayor of Karongi district earlier said the road would improve trade between the districts and also crossborder trade between DR-Congo and Rwanda.

    {some of the members of the Contractor team that will start construction works on the road.}

  • Suspected Rapist Arrested

    {{A police operation in Nyamasheke District apprehended a man suspected to be part of the ring said to be behind several criminal acts including rape and defilement.}}

    Emmanuel Bareke, 25, was arrested on August 3 in his hideout in Gisakura tea plantation.

    Bareke is said to be part the gang of four, who have been ambushing and raping women and girls in Gisakura tea farm.

    The other three are still on the run, but the District Police Commander, Supt. Francois Segakwari said they have all “their particulars” which will facilate their search.

    The operation came after victims and the would-be victims informed police about the gang and their den.

    Gisakura is next to Nyungwe national park.

    Shortly after Bareke’s arrest, a number of women turned up at the police station and confirmed to police that he headed the criminal ring.

    “We acted on the information provided by the women, which led to the arrest of Bareke and we are still searching for his accomplices,” Superintendent Segakware said.

    The DPC commended the women for the brave act and appealed to the community to report any suspecious person, not to wait for a crime to happen.

  • Electronic link opens cross-border trading of shares

    {{The electronic link between Kenya and Ugandan stock markets has gone live, opening new possibilities for investors seeking cross-border trade opportunities.}}

    Ugandan power distributor, Umeme, recorded its first trade at the Nairobi Securities Exchange (NSE) since its cross-listing on December 14.

    The Regional Inter-depository Transfer Mechanism (RITM), which links Kenya’s Central Depository and Settlement Corporation and Uganda’s Securities Central Depository, made the first trade of Umeme possible after the going for eight months without a single trade.

    The Wednesday trade saw 1,000 of the utility’s shares moved on the NSE at a debut price of Sh13 each.

    Despite being cross-listed on the NSE, trading of Umeme shares was only possible on the Uganda Securities Exchange (USE), which admitted the shares on November 30 through an initial public offering (IPO).

    The immediate benefit expected from inter-linkage of the trading systems is more convenience for investors who bought the shares locally.

    “This will benefit investors and issuers of cross listed securities such as Umeme. It gives great leverage to shareholders as they are able to decide on which exchange to trade and in which currency,” said NSE chief executive Peter Mwangi in a statement.

    Umeme shares are frequently traded on the USE, and Kenya investors who purchased the stock locally should benefit from its high liquidity.

    “Since the listing of Umeme shares, we have witnessed increased daily activity at the USE and Umeme is one of the most active counters,” said USE chief executive Joseph Kitamirike.

    Umeme accounted for 45 per cent or 125,059 of the 277,792 shares traded on the USE in Wednesday’s trading.

    Since its listing, 163,504,455 shares have traded. The closing price values Umeme at Sh21 billion making it the third highest capitalised company on the NSE’s energy and petroleum segment after KenGen (Sh35 billion) and Kenya Power (Sh27.4 billion).

    “With the integration, our shareholders have a choice of where they want to trade, which will significantly increase convenience for our investors,” said Umeme managing director Charles Chapman.

    The RITM will also make it possible for investors who want to unlock the value of their investment at current prices. The Sh13 trading price on Wednesday reflected a 30 per cent appreciation of Umeme shares from the Sh10 IPO offer price.

    The East African Securities Exchange Association (EASEA), the umbrella body for the region’s stock exchanges, had set Monday July 29 as the deadline for the RITM to be up and running, but has pushed the date forward.

    On the reverse, linkage of the two clearing houses will allow investors in Uganda to easily trade in Nation Media Group, Kenya Airways, Jubilee Holdings, East African Breweries Limited, Centum Investments and Equity Bank Limited; Kenyan stocks that are cross-listed on the USE.

    {Umeme board chairman Patrick Bitature and Umeme MD Charles Chapman during the listing of the company’s share at the NSE last year}
    NMG

  • South Africa Warns Uganda against Land Bonanza

    {{Uganda should not give away the land but instead use it for agriculture development, which is currently operating below its potential, South Africa’s minister for National Planning Commission has said.}}

    The World Bank and the International Monetary Fund have often called for land reform policies in order for Uganda to realise agricultural development.

    On several occassions,Uganda has given away land to foreign investors either to set up hotels, factories or to grow crops to provide raw material for their industries a development which has seen schools losing land to investors.

  • Berlusconi allies threaten to resign from government

    Supporters of Silvio Berlusconi threatened to resign from Italy’s government on Friday after a verdict against the billionaire tycoon that could place him under house arrest and eject him from parliament.

    “We are ready to resign to defend our ideal,” Interior Minister Angelino Alfano, Berlusconi’s closest ally from the People of Freedom party, was quoted by Italian media as saying at a meeting with the mogul.

    Berlusconi himself reportedly said: “We have to ask for new elections as quickly as possible and win them.”

    Prime Minister Enrico Letta, who presides over the uneasy alliance between his centre-left Democratic Party (PD) and Berlusconi’s centre-right coalition, earlier pleaded for calm “for the good of Italy”.

    But he added: “I do not think a deterioration is advantageous and I do not believe that continuing at any cost is in the interests of the country.”

    Italy’s current government was installed following a two-month deadlock between Berlusconi and their eternal rivals, the PD, after close-run February elections in which both won around a third of the vote.

    “The government is a dead man walking,” the Il Fatto Quotidiano daily said in an editorial.

    Opinion polls based on surveys carried out in the run-up to Thursday’s verdict indicated that Berlusconi’s coalition would win new elections by a large margin.

    A key question will also be whether Letta will manage to contain growing discontent within the PD about governing together with a confirmed criminal.

    “It is impossible to imagine that the PD can remain allied to the party of Silvio Berlusconi,” said Nichi Vendola, leader of the small leftist opposition party Left, Ecology and Liberty.

    Some leftists have called for the 76-year-old Berlusconi to be expelled from the Senate as soon as possible, with the Five Star protest movement calling for an immediate vote on his ousting.

    But Alfonso Stile, a law professor at Rome’s Sapienza university, said the procedure to exclude him from parliament would be “long and tortuous” and would be a similar to a re-run of the tax fraud trial.

    Italy’s top court on Thursday handed Berlusconi his first definitive conviction in a 20-year political career dogged by legal woes and sex scandals.

    The court ordered the three-time premier to do a year of community service or be placed under house arrest — a sentence due to be enacted in October.

    agencies

  • Interpol issues global security alert over jailbreaks

    {{Interpol has issued a global security alert in connection with suspected al-Qaida involvement in several recent prison escapes including those in Iraq, Libya and Pakistan.}}

    The Lyon, France-based international police agency says that the alert follows “the escape of hundreds of terrorists and other criminals” in the past month.

    The alert calls on Interpol’s 190 member countries to help determine whether these events are coordinated or linked, the organization said in a statement Saturday.

    Interpol says it issues such alerts fairly regularly, the last one 10 days ago following jailbreaks from Iraq’s infamous Abu Ghraib prison and the Taji prison near Baghdad.

    The alert also comes a day after the U.S. issued an extraordinary global travel warning to Americans about a possible al-Qaida attack.

    The U.S. is closing 21 of its embassies and consulates in the Muslim world this weekend, while Britain, France and Germany have announced the closures of their embassies in Yemen’s capital, Sanaa.

    (AP)

  • Mali’s Dembélé breaks ranks to back IBK for president

    The candidate of Mali’s largest political party, who came third in the first round of the country’s presidential election, broke ranks with his own party on Saturday and said he will back former prime minister Ibrahim Boubacar Keita in a run-off.

    Dramane Dembele’s move goes against his Adema-PASJ party’s plans and deals a blow to the anti-junta coalition that had formed around former Finance Minister Soumaila Cisse, who will be Keita’s contender in the Aug. 11 second round.

    Keita – seen as close to leaders of the coup last year that triggered Mali’s current crisis – secured 39 percent of the first round votes, well ahead of Cisse’s 19 percent. Dembele, who scored 9.5 percent, and fourth-placed candidate Modibo Sidibe had been expected to back Cisse.

    “I’m making a solemn appeal to all Adema-PASJ supporters and my compatriots who voted for me to vote for Ibrahim Boubacar Keita in the second round of the presidential election,” Dembele told a news conference in Bamako.

    He said that he felt he had been “betrayed” by some in the party by the fact that Adema could not muster more than 10 percent of the first-round vote although it is the biggest bloc in parliament.

    His campaign director, Harouna Cisse, told Reuters earlier that Dembele’s decision had led to a split within the party and acting president Ibrahima N’Diaye was against the decision.

    The July 20 first round was the first since the March 2012 coup led to the occupation of Mali’s north by separatist and Islamist rebels.

    French forces intervened in January to defeat the al Qaeda-linked Islamists, whose threats to disrupt the poll did not materialise.

    (REUTERS)

  • South Sudan’s Kiir, ex-VP Machar exchange spats over direction of SPLM

    {{South Sudan’s ex-Vice President Riek Machar warned against any unilateral move to dissolve party structures or dismiss leaders of the ruling Sudan People Liberation Movement (SPLM) who have divergent opinions saying it could lead to chaos and instability.}}

    Machar, who is the deputy chairperson of the party, said it would be wrong for the party politburo to “naively” or “intentionally” remove him from the party, which does not belong to any one individual.

    The former Vice President made these remarks during an interview with Naath FM, a local radio station in Bentiu, the Unity state capital.

    Machar, recently sacked by President Salva Kiir from his VP post, has publicly vowed in the past to challenge his ex-boss for the party chairmanship and subsequently the country’s next presidential elections due in 2015.

    “SPLM belongs to everybody. We fought for it together and many more lives were lost for the prosperity of this nation…and after we signed the CPA on self-determination we allowed him to pilot us. He [Kiir] did not step into leadership by force,” he said.

    The former vice-president, who was removed last week by the president, seemed to have reacted to the statements by the president on 30th July in which he criticized those who challenged his leadership style and performance by telling them to quit the party.

    The ex-vice president further accused the president of not consulting with party members, prior to making major political decisions, citing the recent suspension and probe of SPLM Secretary General Pagan Amum.

    Machar, who played a key role in negotiations with Khartoum after the 2005 peace deal, said the right to self-determination, which every citizen voted for, cannot be under-looked.

    He insisted that the 23 July decree, which led to his removal from office, was directly linked to his recent outburst on failure by the leadership to tackle rampant corruption, tribalism, poor service delivery and loss of the ruling party popularity among citizens.

    Machar, in his remarks, also urged his supporters to remain calm, saying his recent criticisms were meant to improve the country.

    Several requests were reportedly made to Kiir to call for the SPLM politburo meeting but he turned them down, amid speculations that he may decide to either dissolve the party structures or dismiss some senior members.

    ST