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  • Ecobank & eleni to Strengthen Africa’s Agricultural Financing

    Ecobank & eleni to Strengthen Africa’s Agricultural Financing

    Ecobank Transnational Incorporated (‘Ecobank’ or ‘the Group’) has signed a memorandum of understanding (‘MOU’) with eleni LLC (‘eleni’), the leading proponent and developer of commodity exchanges in Africa, with a view to establishing a cooperative framework to promote and accelerate the development of Africa’s agriculture.

    Mr. Albert Essien, Ecobank’s Group Chief Executive, and Dr. Eleni Gabre-Madhin, chief executive officer of eleni, signed the MOU at an official ceremony held during the AfDB’s Annual General Meeting in Kigali today.

    Dr. Gabre-Madhin, a globally recognized thought leader in Africa’s development, is the former founder and CEO of the acclaimed Ethiopia Commodity Exchange (ECX), which has garnered various international awards and plaudits, including the Africa Investor Agriculture Initiative of the Year in 2011 and, a first in Africa, the CIO award for IT excellence in business.

    eleni LLC, established with co-founders Keith Thomas and Jawad Ali, is the only proven pioneer building commodity exchanges for frontier markets in Africa, with a demonstrated impact on the livelihoods of millions of smallholder farmers in Ethiopia.

    The partnership between Ecobank and eleni aims to realize a shared vision of transforming Africa’s competitiveness in global commodity markets, enhancing value addition and processing in the domestic economy and enhancing food security.

    The partnership builds on the synergies between Ecobank’s unrivalled pan-African presence and its commitment to financial inclusion and eleni’s successful track record of creating and operating commodity exchanges in Africa, with projects in Ghana, Cameroon, Mozambique, and Nigeria.

    Ecobank recently announced that it was a keystone investor in the establishment of the Ghana Commodity Exchange (GCX), eleni’s first major foray in West Africa.

    “As well as increasing market transparency and reducing transaction costs, commodity exchanges play a crucial role in the monitoring and assessment of risk,” commented Albert Essien, Ecobank’s Group CEO.

    “Instruments such as warehouse receipts reduce uncertainty and improve access to finance across the value chain. We look forward to collaborating further with eleni to enhance Africa’s agricultural financing capabilities.”

    “We are very excited to be working with one of Africa’s leading financial institutions, with a solid pan-African focus, as this opens up a tremendous opportunity to establish the leading platform for commodity-related payments and transactions across the continent,” concluded Dr. Eleni Gabre-Madhin.

  • Nigeria Government Calls Off Deal with Boko Haram

    Nigeria Government Calls Off Deal with Boko Haram

    {{A deal for the release of some of the abducted schoolgirls in Nigeria was close to being secured when the Nigerian government called it off local media reported.}}

    Some of the girls were set to be freed in exchange for imprisoned Islamist militants, reporters said.

    Boko Haram group snatched more than 200 girls from a school on 14 April.

    Nigeria’s government is under pressure to do more to tackle the group and bring about the girls’ release.

    Thousands of people have died since Boko Haram began a violent campaign against the Nigerian government in 2009 and in the subsequent security crackdown.

    ‘All options open’

    Sources say officials have held talks with the group to secure the release of the schoolgirls.

    An intermediary met Boko Haram leaders earlier this month and visited the location in north-east Nigeria where the girls were being held.

    A deal was almost reached to set some of the girls free in exchange for the release of 100 Boko Haram members being held in detention, our correspondent says.

    But the government cancelled the planned agreement shortly before the swap was due to take place.

    The reasons for the withdrawal are unclear.

    It came just after Nigerian President Goodluck Jonathan attended a meeting in Paris hosted by President Francois Hollande of France where leaders said they had agreed a “global and regional action plan” against Boko Haram.

    BBC

  • Burundi Sued at EACJ

    Burundi Sued at EACJ

    {{A Burundi national has sued his government before the East African Court of Justice (EACJ) over land infringement.}}

    Mr Masenge Venant is seeking declarations from the court that the acquiring and using of land property in Kizina by the Burundi government was an infringement of Article 6 (d) and 7 (2) of the Treaty for the Establishment of the East African Community.

    The applicant also wants the court to declare that failure by Burundi’s ministry of Foreign Affairs to demolish the buildings and stop construction on the land was unlawful and a violation of the EAC Treaty.

    Mr Ncutiyu Muheto, a lawyer for the applicant submitted that the court has jurisdiction to entertain the matter under Article 27 of the Treaty.

    He also said the applicant has the full right to enjoy his property that has been acquired by the State and, therefore, asked the court to order the government to demolish the buildings on his property.

    He further submitted that although there was a similar case still pending in the National Court in Burundi (Administrative Court), to bring the matter to EACJ did not require exhausting of local remedies according to Article 30 of the Treaty as a natural person. He, therefore, asked the court to grant the declarations sought.

    Mr Elisha Mwansasu, the senior state attorney representing Burundi submitted to court that the declarations being sought by the applicant were not true because the land property belongs to the government and it is using it to construct schools as well as a national centre for agriculture research.

    He also argued that Mr. Masenge alleged land ownership is illegal.

    The Court will deliver its judgment on notice .Earlier the Court heard an application by the Applicant seeking an injunction to restrain the Government of Burundi from constructing on the land pending the final judgment and the ruling will be delivered on June 19, 2014.

  • Scientists Find Rare Children Naturally Immune to Malaria

    Scientists Find Rare Children Naturally Immune to Malaria

    {{Blood from a rare group of children from Tanzania, found to be naturally immune to malaria has now helped scientists take a giant leap in developing a vaccine against the world’s deadliest vector borne disease — malaria.}}

    Researchers from the Brown University School of Medicine have found that these children produce an antibody that attacks the malaria-causing parasite. Antibody is an infection-fighting protein produced by our immune system when it detects harmful substances.

    Injecting a form of this antibody into mice protected the animals from the disease. Scientists say these antibodies would ultimately reveal the Achilles heel of malaria and help create the elusive vaccine.

    This same principle has been used over the years in the work to create the world’s first HIV vaccine. Globally, scientists have been trying to identify volunteers belonging to a rare group of HIV infected patients who stay healthy for years without requiring life-saving antiretroviral treatment (ART). The antibodies in their blood has been found to bar HIV from entering their blood cells and replicating, thereby progressing into AIDS.

    Prof Jake Kurtis from the University screened 1,000 children in Tanzania, who had regular blood samples taken in the first years of their lives. Around 6% of these children were found to have developed a naturally acquired immunity to malaria, despite living in an area where the disease was highly active.

    Scientists then looked into their blood and found a unique antibody that dealt a deadly blow to the malaria parasite at a key stage in its life-cycle. It trapped the tiny organism in red blood cells, preventing it from bursting out and spreading throughout the body.

    Prof Kurtis said, “We asked what were the specific antibodies expressed by resistant children that were not expressed by susceptible children. Tests, carried out in small groups of mice, suggest this antibody could act as a potential vaccine. The survival rate was over two-fold longer if the mice were vaccinated compared to unvaccinated – and the parasitemia (the number of parasites in the blood) were up to four-fold lower in the vaccinated mice”. Dr Kurtis and Dipak Raj of Brown University and Rhode Island Hospital have named their antibody PfSEA-1.

    Dr Kurtis said, “PfSEA-1 was discovered by starting with naturally occurring protective human immune responses. Using molecular gymnastics, we identified parasite proteins that are only recognized by antibodies in children who were resistant to malaria but not by antibodies in susceptible children. We subsequently demonstrated that vaccination with one of these proteins, SEA-1 could protect mice from a lethal malaria infection. More importantly, in our cohort of over 750 children, kids who made antibodies to PfSEA-1 did not develop severe malaria, while children without these antibodies were susceptible to this severe complication”.

    “PfSEA-1 is essential to allow the parasite to escape from one infected red blood cell and infect additional blood cells. This cycle of expansion in red blood cells is critical for parasite survival and is the key process that leads to morbidity and mortality in humans. Using molecular techniques, we decreased the amount of PfSEA-1 that parasites could produce and demonstrated that these altered parasites had a significant growth defect. More importantly, antibodies to PfSEAs prevent the parasites from escaping from red blood cells, presumably by interfering with the function of PfSEA-1.”

    According to Dr Kurtis, there are three major areas for further study. “First, we need to understand the role that PfSEA-1 plays in the process of parasite egress from red blood cells. Cellular immunity is critical for long-lived antibody responses, but detailed analysis of cellular responses requires fresh blood samples, thus we are currently planning to enroll new cohorts in east Africa to address this question. We also need to move PfSEA-1-based vaccines into nonhuman primate challenge trials using human-use approved vaccine adjuvants. Following successful nonhuman primate studies, Phase I safety trials in humans can begin,” he said.

    The most recent figures from the World Health Organization suggest the disease killed more than 600,000 people in 2012, with 90% of these deaths occurring in sub-Saharan Africa.

  • Apple Wants Samsung Case Retried

    Apple Wants Samsung Case Retried

    {{Apple is requesting a retrial after a Californian jury ordered Samsung to pay the US company $119m (£71m) in damages for infringing two of its patents.}}

    Apple had been seeking damages of $2.2bn after accusing Samsung of copying five patents including the “slide to unlock function”.

    The US company also filed a permanent injunction to prevent Samsung using the patents it was found to have infringed.

    Samsung filed court documents too but the contents have not been made public.

    During the original trial Apple had accused Samsung of “systematically” copying features distinctive to its iOS software. Samsung denied that it had copied Apple patents and said it was Apple who was doing the copying.

    The jury found that Apple had infringed some Samsung patents and awarded $158,000 in damages to the South Korean firm.

    {{“Litigation fatigue”}}

    Although the jury found in Apple’s favour in respect of two of the patents, the damages awarded were much lower than the company had been seeking.

    The verdict would have been a blow for Apple said the BBC’s North America technology correspondent Richard Taylor, speaking at the time.

    “The figure would appear to reflect the jury’s belief that Apple’s settlement claim was unfairly inflated. Samsung argued all along that it should be far lower than the $2.2bn sought, not least because some of the patents were never even incorporated into the iPhone’s software,” he said.

    This latest legal step is an attempt by Apple to have its damages award increased but it would require a new trial.

    Intellectual property analyst Florian Mueller thinks any new trial is unlikely to happen before an appeal of the original ruling.

    “The judge may make some minor amendments to the verdict but then she’ll let the parties appeal the unfavourable parts of the ruling to the Federal Circuit. Thereafter, there may be a retrial.” he said.

    These requests by Apple mark the latest instalment in a series of legal battles over intellectual property that the world’s top two smartphone makers have been fighting for years across many countries.

    Two years ago, a separate jury ordered Samsung to pay Apple $930m after finding it had used Apple technology. That verdict is still being challenged by Samsung.

    But Mr Mueller thinks Apple may be suffering “litigation fatigue”, he pointed out that Apple has not filed a US case against Samsung in more than two years.

    Apple recently settled a patent row with Google. The two companies had filed several lawsuits against one another but they agreed to dismiss these cases and said they would work together in “some areas of patent reform”.

    wirestory

  • Manchester United’s Brand ‘Devalued’

    Manchester United’s Brand ‘Devalued’

    {{The value of the Manchester United brand has been damaged by a disappointing season according to a study by consultancy Brand Finance.}}

    They say United’s brand is worth $739m (£439m), down $98m on last year.

    That makes it the third most valuable football brand after Bayern Munich and Real Madrid.

    Real Madrid’s victory in the Champions League final on Saturday helped boost its brand value. The club already has the biggest sales of any football club.

    {{‘Solid footing’}}

    The authors say an improvement in the Spanish economy could help the club retain the top brand spot.

    And they add that “with arguably the finest player in the world in the shape of Ronaldo” and now a first Champions League title since 2002, “Real’s brand is back on a solid footing”.

    Gareth Bale helped Real Madrid win their 10th European Cup as they finally overcame neighbours Atletico Madrid in a compelling Champions League final in Lisbon.

    BBCsport

  • Britons Accused of Syria Atrocities

    Britons Accused of Syria Atrocities

    {{Britons make up most of the foreign members in Syria’s most violent terror group, a senior rebel leader says.}}

    In a letter to The Times, Brig-Gen Abdulellah al-Basheer of the Free Syrian Army asks for help in curbing the Islamic State of Iraq and the Levant.

    He claims the group attacks opposition forces, not the Assad regime

    UK fighters are involved in activities including beheadings, crucifixions and ill-treatment of women, he adds.

    In his letter, General al-Basheer writes that ignoring the problem could lead to British extremists returning home to “continue on their pernicious path of destruction”.

    Last week father-of-two Mashudur Choudhury became the first person in the UK to be convicted of terrorist offences in connection with the conflict in Syria.

    Using the example of Choudhury, General al-Basheer writes: “He is one of many. They are not freedom fighters. They are terrorists.”

    He says the majority of non-Syrian members of the “predominantly foreign” Islamic State of Iraq and the Levant, a Sunni Islamist group, are from Britain. But he claims it includes fighters from Germany and France.

    ‘Increasingly brutal threat’

    He says there are also members from a range of countries across the Middle East, Africa and the Gulf and they pose an “increasingly brutal threat”.

    He writes: “We the Syrian people now experience beheadings, crucifixions, beatings, murders, outdated methods of treating women, an obsolete approach to governing society.”

    “Many who participate in these activities are British.

    “The UK and US governments must support us to defeat terrorism in Syria and prevent it from being exported to Europe and the US.”

    General al-Basheer also claims that the group (which he refers to as ISIL, though it is also known as ISIS) kidnaps Free Syrian Army fighters and targets civilian homes in the city of Raqqa, instead of a nearby regime-controlled air base.

    {{Members of the Islamic State of Iraq and the Levant burned confiscated cigarettes in the city of Raqqa last month}}

    agencies

  • Russia ‘Ready for Ukraine Talks’

    Russia ‘Ready for Ukraine Talks’

    Russia says it is “open to dialogue” with the new president of Ukraine, as initial results suggested Petro Poroshenko would win its election.

    However, Russian Foreign Minister Sergei Lavrov said military action must end against separatists in the east.

    Mr Poroshenko said he would meet Russian leaders soon but vowed to take a tough line on any armed separatists.

    Unrest continues in the east, with pro-Russia militiamen halting flights at Donetsk airport.

    Heavy gunfire is now reported there, with thick black smoke rising from the area. Military aircraft have been seen overhead.

    Meanwhile election observers said Sunday’s vote was a genuine one that largely met international standards.

    The mission from the Organisation for Security and Co-operation in Europe (OSCE) also said it gave the new president “legitimacy” to open a dialogue with separatists in the east.

    wirestory

  • AU Day Observed in Accra

    AU Day Observed in Accra

    {{African Union (AU) Day has been observed in Ghana, with a call on African leaders to reflect on the challenges confronting the continent and chart an effective path towards resolving them.}}

    Apart from the day being observed as a public holiday, there was no official event to commemorate the occasion, compelling some Ghanaians to ask African leaders to involve the people in the affairs of the AU.

    Some of the people said the AU was known to the leaders who gathered in Addis Ababa, Ethiopia, regularly to toast champagne and discuss issues of very little relevance to the people.

    Another school of thought said although the AU, formerly the Organisation of African Unity (OAU), did not look at bread and butter issues, it helped to accelerate the liberation struggle.

    “Today, almost all countries in Africa are free, except the Sahrawi Arab Democratic Republic,” one commentator argued.

    Speaking to the Daily Graphic on the significance of the AU Day, a Senior Lecturer at the Legon Centre for International Affairs (LECIA), Dr Yaw Gebe, charged African leaders to wake up and live up to the content of the manifestos that brought them to power.

    “Our leaders must wake up and live up to the manifestos that brought them to power, so that the people will have a change system in terms of their welfare,” he said.

  • Modi to Be Sworn in as India PM

    Modi to Be Sworn in as India PM

    {{Narendra Modi is to be sworn in as India’s prime minister in a ceremony attended by a slew of foreign dignitaries – including the prime minister of archrival Pakistan.

    Some observers say Monday’s swearing-in could signal an easing of tensions between the nuclear-armed neighbours. Pakistani Prime Minister Nawaz Sharif accepted Modi’s invitation on Saturday.

    Pakistan and India have a history of uneasy relations and have fought three wars over the disputed Himalayan region of Kashmir since their independence from Britain in 1947.

    Modi and his Bharatiya Janata Party won a resounding victory in general elections. Modi has promised to revitalise the economy and restore India as a leading global power.}}

    – AP