MTN, which returned to profit in the first half of its financial year in the absence of one-off charges related to a $1.1 billion Nigerian fine, said the assignment of the loan to IHS will lead to a loss of 2.8 billion rand ($228 million) on transfer of the carrying value of the loan.
The loss on transfer will impact headline earnings per share (HEPS) for 2017, the main profit measure in South Africa that strips out certain one-off items, but not earnings before interest, tax, depreciation and amortisation (EBITDA), the firm said.
MTN said the loan, which is due in 2024/2025, will allow its Nigerian unit to continue to invest in its network and simplify MTN’s interests in IHS.
“The agreement will enable MTN and IHS to mutually benefit from continued investment and commitment to the rollout of broadband and data services in Nigeria,” MTN said in a statement.
MTN formed a joint venture partnership with specialist tower company IHS in 2014 to own and operate MTN’s transmitter towers in Nigeria.
IHS has operations in Nigeria, Cameroon, Cote d‘Ivoire, Rwanda and Zambia.
The Governor made the remarks recently while addressing about 1000 people including sector and cell executive secretaries, and village leaders from the sectors of Muhoza, Cyuve, Musanze and Kimonyi.
The Governor urged them to put much effort in fighting illicit drugs and child pregnancies.
“Drug abuse is a high impact crime and a security threat that should be given emphasis to fight it,” Gatabazi said.
He hinted on security issues related to domestic conflicts, sexual assault resulting into child and unwanted pregnancies.
He, however, noted that there is a general reduction in drug related crimes adding that much concerted efforts is still needed to combat the vice and ensure dealers are arrest.
“We have to protect the young people including preventing anything that can lure them into sexual malpractices that lead to child pregnancy, dropping out of school and engaging in criminal acts like theft,” Governor Gatabazi said.
The outreach exercise included ministers; Francis Kaboneka of Local Government, Dr. Diane Gashumba of Health, Rosemary Mbabazi of Youth, Inspector General of Police (IGP) Emmanuel K. Gasana, Governor of the Northern Province Jean Marie Vianney Gatabazi and Prosecutor General Jean Bosco Mutangana, among others.
The government awareness campaign against drugs included separate meetings with local leaders, residents, public destruction of seized narcotics and parading of about 160 suspected drug dealers that were arrested with the disposed of substances.
About 2918 dozens of banned contrabands in different brands seized in various police operations in Burera, recently, were disposed of.
Minister Kaboneka reminded the residents not to allow such drug dealers in their midst adding that “you and your children are the immediate victims.”
“A lot has been achieved in various aspects of development, but again a lot in education, health and resource development, among others is still hampered by such illicit drugs,” Kaboneka said, referring to the paraded suspects, majority the youth.
Minister Gashumba embarked on the health hazards of abusing drugs, citing heart diseases, kidney, liver and hepatitis as some of the life threatening diseases caused by illicit drugs.
IGP Gasana, on his part, said: “There is redline against narcotic drugs, and you are part of the force to report everyone still involved to face the wrath of the law.”
“We can’t allow lives of young people to be wasted by individual with personal evil agenda. We have mapped out about 80 routes between Nyagatare and Burera used by traffickers, and operations have been intensified, counting on your usual cooperation and information sharing, to arrest them,” IGP Gasana added.
The Northern region is one of the major routes for traffickers of banned gin in different brands, especially in the three districts of Gicumbi, Musanze and Burera.
Residents of Burera and Gicumbi have since formed at least one anti-drugs club in every sector, which police say, have been effective in identifying and arresting dealers.
Meanwhile, Governor Gatabazi said that action will also be taken to local leaders who areas are hubs of drug dealers, defining it as an act of incompetence.
{{State of drugs in Rwanda}}
This came on the heels of strengthened efforts between Rwanda National Police (RNP) and other institutions as well as the public, to map-out routes used by traffickers and to break chains of supply
Over the years, fighting trafficking, making, sell and use of illicit drugs has been one of the priorities if Rwanda National Police.
This is done through continuous community awareness which facilitates information flow on dealers, routes used, and abusers, which police said, has been effective in ensuring successful operations to arrest dealers and seize illicit substances.
Police statistics indicate that crimes related to narcotic drugs decreased by at least 3 percent from 4059 cases registered in 2016 to 3941 recorded this year.
Over 2040 drug dealers have also been arrested since the beginning of the year while people aged between 18 and 35 years constitute the majority 40 percent of the arrested dealers and abusers, in the same period.
Only 48 people aged below 18 years, have been arrested this year for either dealing or abusing drugs, all referred in rehabilitation centres.
While appearing on the television talk-show that focused on illicit drugs in Rwanda, over the weekend, Aime Bosenibamwe, the coordinator of National Rehabilitation Services (NRS), said that a total of 12228 addicted youth aged between 18 and 35 year, have so far been rehabilitated and equipped with vocational skills since 2012.
According to Bosenibamwe, about 90 percent of the rehabilitated youth have healed completely from drug consequences and currently putting the vocational skills attained from rehabilitations centres to good use in varied income generating activities.
Currently, there are two rehabilitation centres in the country, with the third one set to start soon.
Meanwhile, 79 illegal distilleries have also been closed in different parts of the country in a joint RNP and Rwanda Standards Board (RBS) operations.
The income is attributed to credits delivery and good monitoring for their reimbursement.
Speaking at the general meeting on Wednesday, the cooperative’s Director General, Laurence Uwambaje said the income surpassed the target of Rwf8 billion.
“We did our best to increase Umwali Sacco’s assets from members’ participation. It is obvious that we have surpassed our target to Rwf9 billion contrary to Rwf8 billion that was targeted before expenditures,” she said.
She said the cooperative had registered a net profit of Rwf2,218,000,000 by November.
The gross profit has increased from Rwf3 billion in 2016 to Rwf3.25 billion.
The cooperative has provided a total of Rwf49 billion in credits up to now, which were mainly allocated into houses construction, project development and salary advance, among other types of credits.
Among these credits, 50% went into construction purposes whereas project development took only 16%.
Protais Niyonzima, a teacher in Gakenke District, said the cooperative is helpful to teachers but pleaded for improved access to credits by cutting short the process and costs, things which discourage members.
Umwalimu Sacco is an initiative that was introduced by the government to promote teachers’ welfare through projects financing. The cooperative currently has 75,000 members.
From January to December, Kagame attended important conventions such as Munich Security Conference; the annual World Economic Forum in Davos, Switzerland; the 28th African Union Summit; the 2nd Africa Business Forum in Egypt, and more.
In Africa, he attended several conventions and visited his counterparts in Senegal, Brazzaville, Ethiopia, Mali, Ghana, Kenya, Zambia, Sudani, Côte d’Ivoire, Egypt and Djibouti. He also attended the 72nd United Nations General Assembly in New York and received the Managing Director of International Monetary Fund (IMF), Christine Lagarde. He was also spotted in Boston and Massachusetts, USA, on different occasions.
On the Asian continent, President Kagame re-enforced bilateral relations by attending the Africa Global Business Forum in Dubai, met with his Highness Sheikh Mohammed Bin Rashid Al Maktoum, the United Arab Emirates’ Vice-president and Prime Minister, and the ruler of Emirates of Dubai.
On the continent, President Kagame also visited Hong Kong, China and India. He traveled to Israel where his Israel Counterpart, Reuven Rivlin with his Prime Minister, Benjamin Netanyahu received him in the President’s abode in Jerusalem.
The President’s trips on the European continent reached England, Germany, Belgium, Vatican and Switzerland. While in the city of Zurich, he met with FIFA’s president, Gianni Infantino and the two toured the world football museum located in Zurich, Switzerland.
{{Pictorial: Some of President Kagame 2017 functions
}}
The wholesalers were Tuesday found selling Irish potatoes at Giti Cy’Inyoni, a Kigali suburb, while new directives require them to do it from Nzove in Kanyinya Sector of Nyarugenge District.
Rwanda National Police seized the cars that were transporting over 80 metric tonnes of Irish Potatoes yesterday late at night and immediately detained them at Nyarugenge Police Station.
Dealers who spoke to the national broadcaster, RBA, said that they were unable to raise the fines as their products remain seized and are perishing from the police station.
“We cannot afford that amount of money. These Irish potatoes are perishing and we cannot sell them to pay the fines. Now, where can we find the money?” said one of the dealers.
Minister for Trade and Industry, Vincent Munyeshyaka said that the fined were defaulting directives that were set to improve Irish Potato dealership.
“We previously found poor operations in the sector, we gave them good direction and we currently have constant prices on the market. The price is between Rwf220 and Rwf250 per kilogram, having reduced from between Rwf350 and Rwf450 at the markets some days ago,” said Munyeshyaka.
He said the directives were set after consultations with all parties in the business and all must, therefore, respect them.
Uwamariya also reminded owners of entertainment spots not to allow in under-aged children, which is illegal and punishable by the law.
In a meeting that brought together owners and representatives of the service sector in Muhanga including hotels, restaurants, motels, bars and night clubs, among others, the mayor urged them to take precaution and ensure that no child is served alcohol or indulges in other malpractices.
The meeting was also attended by the acting District Police Commander, Chief Inspector of Police (CIP) Jean Bosco Karega as well as representatives of other security organs.
Article 217 of the penal code defines a child as every human being aged less than eighteen years unless otherwise provided by other laws.
Article 219 also states that “any person, who offers or sells alcoholic beverages or tobacco to a child or involves him/her in the sale of such products shall be liable to a term of imprisonment of at least three months but less than six months and a fine of Rwf300, 000 to Rwf1 million, or one of these penalties.”
These penalties also apply to any person, who encourages a child to drink alcoholic beverages or to smoke or to go to bars.
As owners or managers, establish internal mechanisms to ensure that the law is respected. This also applies to owners of night or entertainment spots; no child should be allowed in,” mayor Uwamariya said.
She also urged them to always take precaution and report to the police anyone they suspect to be trying to use their hotels to seduce and to indulge children into sexual acts.
The DPC, CIP Karega told them to record particulars of every client well, to facilitate investigations where need be,” she added.
He further urged them to hang guiding messages in their facilities that prevent serving alcohol to children or preventing them from accessing prohibited areas like night clubs.
“We will no longer let the generosity of the American people be taken advantage of or remain unchecked,” Haley said in a statement.
Haley said the US had negotiated a $285 million reduction of the UN budget for 2018-2019 compared to the budget for 2016-2017. Her announced total was $85 million more than the $200 million cut that a UN news article said UN Secretary General António Guterres backed in October.
The UN’s two-year budget is roughly $5.5 billion, and the total US contribution to the UN is more than any other nation. Haley’s statement did not mention how or if the US contribution will be altered.
Stephane Dujarric, a spokesman for Guterres, confirmed in a statement that the UN General Assembly on Sunday morning had approved cuts for the 2018-2019 period that would total about $286 million below the level for the last two years and touted support for a trial proposal to move to annual budgets.
A US official told CNN that the UN’s administrative and budget committee “agreed on a range of issues related to the UN’s regular budget, peacekeeping budget, oversight and management matters and reform initiatives.”
Among the points of agreement, the official said, included cuts with a “focus on bloated management and support functions and rationalizing services,” and adjusting budget levels for Darfur and Haiti. Earlier in the year, the UN reduced its peacekeeping role in Darfur, which caused concern among some human rights activists.
The US official said the agreement secured funding for political missions in Libya, Yemen, Colombia, Afghanistan, Iraq and elsewhere, as well as creating a special envoy for Myanmar. US Secretary of State Rex Tillerson last month said actions by Myanmar’s government against the Asian nation’s Rohingya Muslim minority amounted to “ethnic cleansing.”
Haley’s Christmas Eve announcement on cuts to the UN budget for 2018-2019 came days after the US exercised its first veto in years at the UN Security Council. Every other member of the body, including US allies, voted in favor of a proposal affirming international opposition to recognizing Jerusalem as Israel’s capital, days after President Donald Trump did so and declared the US would one day move its embassy from Tel Aviv to the contested holy city.
The UN General Assembly went on to vote on the same issue, passing a non-binding resolution disapproving of the Trump administration’s decision.
Ahead of the general assembly vote, Haley announced the US was “taking names” of those voting against the US, and afterward, she held a party where the only countries invited were nations that did not support the resolution on Jerusalem.
Trump praised Haley’s actions before he left the White House for Christmas.
“Let them vote against us. We’ll save a lot. We don’t care,” Trump said.
Trump campaigned in part on a pledge to reduce US commitments abroad, and Haley entered her post questioning the value of the US’ funding of the UN.
Earlier this year, Haley cheered cuts to the UN’s peacekeeping budget, and Sunday’s announcement on further reductions to the UN’s overall budget included a vow by the ambassador for the “America First” administration to seek further reductions for the UN budget.
“You can be sure we’ll continue to look at ways to increase the UN’s efficiency while protecting our interests,” Haley said Sunday.
{{Source:CNN}}
The multi-stored 12 houses are located in the most desired corporate and strategic Kigali suburb, Nyarutarama, in Gasabo District. Each unit has two or three spacious rooms.
DND Developers Managing Director, Daniel Mehari, tells IGIHE that the units currently on sale constitute the second phase of the project while all 10 houses in the first phase have been sold out.
“People have different occupations and, therefore, need housing units in different categories. People were looking for big and expensive houses some years back but they are currently looking for smaller and less expensive houses. We are responding to the needs of the time,” he says.
Mehari adds that each of their apartments stands between Rwf60 and 75 million as the two-room and three-room units stand at $75,000 and $80,000 respectively.
“Our apartments are much cheaper compared to others of their quality in Kigali. They are located in the most beautiful location of Kigali where you cannot find any other apartment below $100,000. Others similar to ours in other areas like Gisozi are sold at higher prices between Rwf100 and 150 million,” he says.
With his extensive experience in construction sector, Mehari says DND Developers considers building a lot cheaper units, in the near future, that will be sold below Rwf45 million.
“We are planning this. It is a process that requires going step by step. We shall start developing cheaper units than these ones in the next few years. The challenge we are facing is the cost of developing them and we, therefore, have to construct many units at the same time so that we avoid losses,” adds Mehari.
Established in Rwanda in 2015, DND Developers Ltd seeks to contribute to the country’s development through changing habitation.
The houses under construction will be fully completed by April 2018. They are in Nyarutarama on the road KG314 St.
For further information, you can visit the units in Nyarutarama or DND website: www.dnddevelopers.rw
You can also send an email to dndrwanda@gmail.com or phone on +250 789 664 020.
These are some signs that he could just be scared of taking that next step.
{{He beats around the bush}}
When he’s with you and just keeps saying all those stories that don’t really make sense and that bores you, it could be a sign that he’s just into you. When men are scared of asking a woman they admire out, they tend to say too many things and ignore the most important thing they have on their mind.
{{He loses composure when around you}}
A man could lose composure when around you if he likes you and is scared to tell you. He might lose his speech, begin to stutter and his general body language would just sell him off.
{{He’s nice in a weird way}}
Ever had a nice guy around who gets nice to a point where you find it too extreme? He’s all too nice to the point where you begin to feel uncomfortable. More often than not, that man is attracted to you but doesn’t know how to tell you.
{{He gives you too much attention}}
There’s something like too much attention, and a man who’s into a lady and scared of opening up is often guilty of this. He might call for long periods, he might be at your beck and call, he might know so much about you but he might not know how to reveal his desire towards you.
{{He’s always looking for an opportunity to be with you}}
A man who loves you would always look for the opportunity to be with you. He would never get bored of being with you and he’d always look for the slightest opportunity to be close enough to you. He just loves to be around you, but doesn’t know to open up.
{{He could even get jealous at times}}
A lot of men who are scared of letting their intentions known to a lady tend to get jealous when they see another do so. Such a man could get jealous when she’s in a relationship and even when another man comes close to her. He’d just want to be the only one she gives all the attention.
Do you have a man like this around you? He could just be in love with you and not know how to make his intentions known.
{{Source:elcrema.com}}
