Spio-Garbrah promises to remain with NDC

Dr Ekwow Spio-Garbrah, an aspiring presidential candidate of the National Democratic Congress (NDC), has said he would not leave or form another party if he is not elected the presidential candidate of the party at the delegates' congress on December 21."I will remain committed, resolute and resourceful to the party and also bring to bear my expertise and rich experiences with whoever will be given the nod," he said.Dr Spio-Garbrah made the pledge when he met delegates of five constituencies in the Twifo-Hemang-Lower Denkyira and Upper Denkyira Twifo-Praso as part of his campaign tour of the Central Region.He said it was through his efforts that the NDC aspiring presidential candidates were made to sign an agreement not to leave or form any party but to support anyone who would be given the nod and that it was important for him to ensure that the agreement holds. He said the time had come for the NDC to refresh, repackage and market itself in a way to win the confidence of Ghanaians to vote the party back to power."I am the right candidate who will help disabuse the minds of Ghanaians that the party is a disunited or human rights abuser." The presidential aspirant, who is the Chief Executive Office of the Commonwealth Telecommunication Organization, said Ghanaians especially NDC supporters and functionaries were looking for a flag bearer who is marketable, youthful, dynamic and vibrant to lead the party to win the 2008 general election.He described himself as the right candidate that has the techniques, skills and resources to move the NDC forward and gave the assurance that when given the not he would, within six months, remodel, rehabilitate and resell the party in such a way that all those who defected would rush back.He denied media reports that there was "bad blood" or tension between him and Prof John Evans Atta Mills, former Vice President and another presidential aspirant."I have no problem with the professor. It is the media that are painting the picture to look as if there is a problem between us." "I respect the elderly and the views of everyone and would therefore not do anything that would bring confusion and division in the party" he said.
Source:GNA

Experts urge extra billion dollars to fight bird flu

World donors must extend around an extra billion dollars to fight bird flu as the deadly virus spreads to ill-prepared countries in Africa and the Middle East, experts said Tuesday.
UN avian influenza coordinator David Nabarro and World Bank economist Olga Jonas said the funding requirements would be addressed at the fourth global conference on the virus being held in Mali from December 6 to 8.
They said another 986 million to 1.3 billion dollars is needed over the next two to three years, in addition to 1.9 billion agreed by donors at the last conference held in January in Beijing.
Of the extra funding, 566 million dollars must go to Africa alone, the experts told reporters on a conference call.
"At the time of Beijing, in January 2006, the virus had not yet appeared anywhere in Africa, or in Eastern Europe, or the Middle East," Jonas said.
She said that today about 50 countries have been hit by bird flu, against only a dozen when the Beijing conference was held 11 months ago.
At next month's gathering in Mali's capital Bamako, according to Nabarro, "we'll be looking not just at the needs of Africa but that will be a central focus of the discussion".
"We have also been concerned about the capacity of Middle Eastern and African countries to respond adequately to the stresses posed by avian influenza," he said, highlighting Egypt and Nigeria in particular.
The Bamako meeting, jointly organized by Mali's government, the European Union and the African Union, will include ministers of health and those in charge of the fight against bird flu, veterinary experts and doctors from over 100 countries.
The H5N1 strain of the bird flu virus, which can be transmitted to humans and is potentially fatal, has steadily spread west since it first appeared in Asia in late 2003.
In Africa, eight countries -- Burkina Faso, Cameroon, Djibouti, Egypt, Ivory Coast, Nigeria, Niger and Sudan -- have been affected.

Banking--------Africa’s Top 100 Banks

This year’s Top 100 African Banks rankings reveal that the continent is belatedly but determinedly following the global trend towards consolidation. The watchword is big is beautiful. South African banks, which are by far the largest in Africa both in terms of capital and assets, have been consolidating for years. Nigeria has just gone through a frenzied two-year period of mergers and acquisitions; when the dust had settled, only two dozen banks remained standing. More M&As are on the way as are partnerships with strong overseas financial institutions. With the price of oil remaining high and with that country’s non-oil sector showing growth for the first time in several years, Nigerians are anticipating an economic boom and the banks are bracing themselves to deliver. Our Cover Story therefore includes a detailed examination of the latest developments in Nigeria’s banking sector. As in previous years, we have included a region-by region overview. This special report was written by Moin Siddiqi and Neil Ford. The tables were compiled by Moin Siddiqi and Omar Ben Yedder.
African Business’ ranking for the Top 100 African Banks was based on shareholders’ funds (Tier 1 capital) as defined by the Switzerland-based Basel Bank for International Settlements (BIS). The African markets continue to present both opportunities and challenges for strategic investors and nowhere is this better reflected than in the area of the financial services industry. Economic growth in Africa is projected to exceed 5% this year and next, thus conditions are ripe for well-managed banks to perform strongly. Consolidation (as recently in Nigeria) is needed as a number of markets remain over-banked. The rationale for mergers and acquisitions is that larger banks can exploit economies of scale, reduce costs and provide their clients, both retail and corporate, with new and more efficient services – including internet banking and electronic payments.

Source http://www.africasia.co.uk/africanbusiness/ab.php?ID=1067

DVLA introduces new roadworthiness sticker

The Driver and Vehicle Licensing Authority has introduced a new Roadworthiness Sticker to help address the duplication of the security document. The DVLA at a news conference on Tuesday introduced the new document which according to the authority, had security features that would make it difficult to duplicate. The Director of Driver Training, Testing and Licensing C. W. Musah, said the new sticker has been in circulation since Monday. According to him, vehicle owners seeking to renew their certificates from now on would be served the new stickers at the authority’s offices nationwide. He explained that the introduction of the new sticker had become necessary because of the widespread abuse of the current one.“Since the introduction of roadworthiness in this country the roadworthiness sticker has seen very little changes. As a security document, the security features in it have become very obsolete and many modern printing presses could easily reproduce it. Faking has been on a massive scale and the government is losing valuable revenue. Roadworthiness status of vehicles could no longer be guaranteed.”The DVLA was not expecting any rush by drivers and vehicle owners to acquire the new sticker since the objective was to gradually phase out the currently abused sticker. Vehicles that report to renew expired certificates would be embossed with the new sticker.Mr. Musah said the new sticker comes at no additional cost and advised motorists to deal only with officers of the authority to ensure safety.“Bearing in mind the mission of the authority – to ensure the use of roadworthy vehicles driven by qualified drivers, the authority has taken this step to safeguard the motoring public.”