Calling African Scholars
By Rebecca Wanjiku
African scholars interested in developing and preserving indigenous languages have been challenged to take the lead in the Internationalised Domain Name (IDN) debate.
Prof. Maxime Z. Somé, from the University of Ouagadougou in Burkina Faso called on African linguists to actively participate in the IDN project.
`Scientists and scholars should constitute themselves as an exceptional authority in African affairs and move the project forward, said Some.
Some is concerned that Cambodia, Japan, China, Korea and Arabic countries seem to be moving at a faster pace and leaving Africa behind.
In his opinion, linguistic experts as well as scientists in Africa should work together and move the agenda forward. He added that the IDN project requires linguists to agree on the language and terminologies of a particular language and the scientists to work on the technological aspects.
After the agreement of the scripts and language tables, the UNICODE consortium, which consists of computer makers and other bodies, will be expected to integrate the languages into most computers sold to the Africa region.
In this regard, if I have a computer, I can choose the language to use, just like I select to use French or German. In the case of French, the computer inserts the right accents and other letters that may not be available in the English key board.
Asked whether this will lead to development of many key boards, Some says experts can work on some regional languages like Bambara, used in Guinea, Mali, Ivory Coast and Burkina Faso or Fulani, used in Nigeria, Senegal, Mauritania and Mali.
`We know that this project requires a lot of financial commitment and big businesses are not going to invest if not assured of profits. That leaves governments, which have been very non committal, ` he adds.
But he maintains that scholars can jumpstart the process by learning from other countries where experts volunteered their services for the sake of development.
Some spoke at the ongoing Internet Corporation for Assigned Names and
Numbers (ICANN) meeting in Sao Paulo, where the urgency of IDNs has taken
centre stage and its proponents are touting it as a solution to communication problems.
While there are workshops and follow-up meetings to discuss and update on issues relating to IDNs, Africa is stuck with the obsession of listing its numerous cultural and logistical problems as the hindrance to IDN progress.
In 2004, Adama Samassekou, head of the African Academy of Languages was quoted saying there was lethargy within African leadership to use local languages even at Africa Unity meetings Swahili was recommended in 1986
but was used at the AU meeting in July 2004. Swahili is widely spoken in 15
East and Central African countries.
Ends
6.12.06
Have Camera Phone? Yahoo and Reuters Want You to Work for Their News Service

Starting tomorrow, the photos and videos submitted will be placed throughout Reuters.com and Yahoo News, the most popular news Web site in the United States , according to comScore MediaMetrix. Reuters said that it would also start to distribute some of the submissions next year to the thousands of print, online and broadcast media outlets that subscribe to its news service. Reuters said it hoped to develop a service devoted entirely to user-submitted photographs and video.
“There is an ongoing demand for interesting and iconic images,” said Chris Ahearn, the president of the Reuters media group. He said the agency had always bought newsworthy pictures from individuals and part-time contributors known as stringers.
“This is looking out and saying, ‘What if everybody in the world were my stringers?’ ” Mr. Ahearn said.
The project is among the most ambitious efforts in what has become known as citizen journalism, attempts by bloggers, start-up local news sites and by global news organizations like CNN and the BBC to see if readers can also become reporters.
Many news organizations turned to photographs taken by amateurs to supplement coverage of events like the London subway bombing and the Asian tsunami. Yahoo’s news division has already used images that were originally posted on Flickr, the company’s photo-sharing site. For example, it created a slide show of images from Thailand after the coup there in September.
Camera phone videos are increasingly making news themselves. Michael Richards, the actor who played Kramer on “Seinfeld,” was recorded last month responding to hecklers in a nightclub with racially charged epithets. The video was posted on TMZ, the celebrity news site.
The Yahoo-Reuters project will create a systematic way to incorporate images covering a wider range of topics into news coverage.
Starting tomorrow, users will be able to upload photos and videos to a section of Yahoo called You Witness News (news.yahoo.com/page/youwitnessnews). All of the submissions will appear on Flickr or a similar site for video. Editors at both Reuters and Yahoo will review the submissions and select some to place on pages with relevant news articles, just as professional photographs and video clips are woven into their news sites today.
“People don’t say, ‘I want to see user-generated content,’ ” said Lloyd Braun, who runs Yahoo’s media group. “They want to see Michael Richards in the club. If that happens to be from a cellphone, they are happy with a cellphone. If it’s from a professional photographer, they are happy for that, too.”
Users will not be paid for images displayed on the Yahoo and Reuters sites. But people whose photos or videos are selected for distribution to Reuters clients will receive a payment. Mr. Ahearn said the company had not yet figured out how to structure those payments. The basic payment may be relatively small, but he said Reuters was likely to pay more to people offering exclusive rights to images of major events. For now, no money is changing hands between Yahoo and Reuters, but if Reuters is able to create a separate news service with the user-created material, it will split the revenue with Yahoo.
Before photographs or videos are used on the Yahoo site or distributed by Reuters, photo editors at Reuters will try to vet them to weed out fraudulent or retouched images.
This is an imperfect process. Last summer, a blogger discovered that photos of the conflict in Lebanon by a freelance photographer working for Reuters had been digitally altered. Reuters stopped using the photographer and withdrew his work from its archive. The company is now trying to develop software that will help detect altered photographs.
The arrangement with Yahoo is one of several initiatives by Reuters to use the Internet to bring new sources to its news report. It has invested $7 million in Pluck, a company that distributes content from blogs to newspapers and other traditional media outlets. It has also backed two more experimental ventures: NewAssignment.net, an effort to foster reporting that combines the work of professional journalists with input from online readers, and Global Voices, a collection of blogs from less-developed countries.
Yahoo has its own ambitious plans for the You Witness News service. The images received will be used on its sports and entertainment sites. Over time, it wants to expand to local news and high school sports. And it will consider allowing users to contribute articles as well as images. For now, both Yahoo and Reuters are concerned that they do not have the resources to edit and verify such articles.
“News has special constraints on content quality,” said Elizabeth Osder, a senior director for product development at Yahoo. “If we publish text, we want to review it.”
CNN, which is owned by Time Warner and introduced its I-Reports section for user-submitted material on its site in August (www.cnn.com/exchange/), accepts text, images and video. Some submissions are included in its news broadcasts.
“Even the best reporters in most cases are approaching the story from the outside in,” said Mitch Gelman, the executive producer of CNN.com. “What a participant observer can offer is the perspective on that story from the inside out. We feel as a news organization we need to provide both to offer full coverage to our audience.”
Yahoo and Reuters will have other competitors besides mainstream news organizations when it comes to attracting submissions. People with compelling video, for example, may want the instant gratification of putting it on YouTube, the giant video site owned by Google, or some other site.
“The average person witnesses something that is considered news once every 10 years,” said Steve Rosenbaum, who created MTV Unfiltered, one of the first viewer-contributed video programs on television. “When it’s time to put something on the Internet, they will put it in the place they have used before. The numbers tell us that is YouTube.”
Indeed, Yahoo has had some trouble attracting submissions for another high-profile initiative, an effort to solicit videos for a site created jointly with Current, the cable network started by former Vice President Al Gore. As of Friday, that site is no longer accepting new videos.
Moreover, said Mr. Rosenbaum, who now runs Magnify Media, which helps Web sites post video contributions, it might be difficult to get the right sort of submissions.
“If you are asking your audience to know what is a national news story of interest to the world, it seems to me there are only two results: whether you get flooded with lots of car fires, or you get nothing. Neither is a particularly good effect.”
5.12.06
UN Humanitarian Response Depot for West Africa to be sited in Accra

ARB Apex bank expands tentacles

FAO Head commends Ghana

Source:GNA
shoked
It was another successful and busy athletics weekend at home and abroad.
In Nigeria, Solomon Busiendich won the richest mountain race in Africa which earned him Sh3.6 million as Selina Kosgei and Amos Mutai won the Singapore leg of the Greatest Race on Earth on Sunday.
Standard Chartered’s Greatest Race on Earth (GROE) athletes Mutai and Kosgei, both Kenyan, ran course record times of 2:15:01 and 2:31:55 respectively to win the men’s and women’s Singapore Marathon.
The victory for Kosgei, who was accompanied to Singapore and supported by her family, maintains her team Cyclone’s position as leaders of the GROE Women’s Team Challenge.
They now have a cumulative time of 5:04:41, putting them over nine minutes ahead of their nearest rivals, the Grazy Girls, with both the first leg in Nairobi and now the second leg in Singapore completed.
Mutai’s spirited run for Marathon Centre Kericho has lifted his team’s position from 14th in the GROE Main Team Challenge to lead position.
Favourite
Previous leaders Run for Fun team dropped to 20th position, despite being represented by one of the pre-marathon favourites Joseph Ngolepus.
The Standard Chartered GROE, with a total prize pool of US$1.5 million, is a team relay of four challenging marathons in Nairobi, Singapore, Mumbai and Hong Kong. The field of elite athletes and emerging talent sped away from the start-line at 6am along the Esplanade Drive.
The 2006/07 GROE Series sees participation from over 30 countries, the focus of which is the Nations Challenge.
Zimbabwe’s Oliver Kandiero shone in Singapore, as he stormed through the course to finish with a time of 2:21:23. This puts them in third place in the Nations Challenge, closing the gap to Kenya in second to just half a minute.
In Nigeria, Solomon Busiendich won the richest mountain race in Africa which earned him Sh3.6 million as Selina Kosgei and Amos Mutai won the Singapore leg of the Greatest Race on Earth on Sunday.
Standard Chartered’s Greatest Race on Earth (GROE) athletes Mutai and Kosgei, both Kenyan, ran course record times of 2:15:01 and 2:31:55 respectively to win the men’s and women’s Singapore Marathon.
The victory for Kosgei, who was accompanied to Singapore and supported by her family, maintains her team Cyclone’s position as leaders of the GROE Women’s Team Challenge.
They now have a cumulative time of 5:04:41, putting them over nine minutes ahead of their nearest rivals, the Grazy Girls, with both the first leg in Nairobi and now the second leg in Singapore completed.
Mutai’s spirited run for Marathon Centre Kericho has lifted his team’s position from 14th in the GROE Main Team Challenge to lead position.
Favourite
Previous leaders Run for Fun team dropped to 20th position, despite being represented by one of the pre-marathon favourites Joseph Ngolepus.
The Standard Chartered GROE, with a total prize pool of US$1.5 million, is a team relay of four challenging marathons in Nairobi, Singapore, Mumbai and Hong Kong. The field of elite athletes and emerging talent sped away from the start-line at 6am along the Esplanade Drive.
The 2006/07 GROE Series sees participation from over 30 countries, the focus of which is the Nations Challenge.
Zimbabwe’s Oliver Kandiero shone in Singapore, as he stormed through the course to finish with a time of 2:21:23. This puts them in third place in the Nations Challenge, closing the gap to Kenya in second to just half a minute.
kapo jua
Ahadi za JK zaanza kutekelezwa
Wakati wa kampeni za urais mwaka 2005, JK alisema: "Tanzania Yenye Neema Inawezekana." Aliahidi "kushamirisha demokrasia." Na zaidi ya yote, aliahidi "maisha bora kwa kila Mtanzania" kwa ari mpya, kasi mpya na nguvu mpya. Mwaka mmoja umepua tangu aingie madarakani. Haya ndiyo matokeo ya ahadi hizo?
Imewekwa na Ansbert Ngurumo | 0 Maoni Yako
Friday, December 01, 2006
Mbowe na Obasanjo warejea darasani
Wanasiasa hawa wawili, Rais wa Nigeria, Olusegun Obasanjo, na aliyekuwa mgombea urais wa Tanzania mwaka 2005, Freeman Mbowe, wamefanana katika jambo moja mwaka huu - kurejea shule, kunoa ubongo. Tusisahau Waziri Mkuu, Frederick Sumaye, naye alijiunga na Chuo Kikuu cha Havard mapema mwaka huu.
Imewekwa na Ansbert Ngurumo | 0 Maoni Yako
Wednesday, November 29, 2006
Kura Za Mzee Wa Kombati Zilikwenda Wapi?
CCM walidai kwamba Mbowe alipata watu wengi kwenye kampeni kwa sababu watu walikwenda kushangaa helikopta. Nikiitazama picha hii naona jambo tofauti. Helikopta ipo uwanjani lakini hawaitazami. Wameiacha nyuma, wanamkodolea macho Mbowe (hayupo pichani). Tazama nyuso zao. Waliofuatilia kampeni zake wanajua hali ilikuwa hivyo kila mkutano wake wa kampeni Oktoba - Desemba 2005. Tazama mmoja wa washindani wake. Nimesikia watu wakijiuliza. Nami najiuliza. Na sasa nawauliza nyie wasomaji. Tuulizane. Hivi kura za Mbowe zilikwenda wapi?
Imewekwa na Ansbert Ngurumo | 0 Maoni Yako
Tuesday, November 21, 2006
Tazama Ubunifu
Rafiki yangu mmoja aitwaye Alex Kaija amenitumia picha hii. Nimemuuliza alikoipata akasema naye ametumiwa. Hamjui aliyeitengeneza. Nimevutiwa na ubunifu wake; nikaona vema niwashirikishe wasomaji wa blogu hii. Mnasemaje?
Imewekwa na Ansbert Ngurumo | 5 Maoni Yako
Sunday, November 19, 2006
Unasemaje juu ya vitisho vya Lowassa?
Waziri Mkuu, Edward Lowassa, amekuwa akitumia mabavu kukabiliana na wananchi wanaomkosoa, hasa magazetini. Makala HII imemuonya na kumtahadharisha juu ya athari za ubabe huo; hasa kwa mtu ambaye tayari ameshaonyesha nia ya kuwania urais baada ya Jakaya Kikwete. Una maoni gani?
Imewekwa na Ansbert Ngurumo | 3 Maoni Yako
Wednesday, November 08, 2006
Mbunge Huyu Ana Hoja, Asikilizwe
HII ni sehemu tu ya upungufu wa katiba ya nchi yetu ambayo tunaendelea kusisitiza kuwa iandikwe upya ili iendane na matakwa ya sasa. Kwa nini tulazimishane kuongozana kwa matakwa ya miaka 50 iliyopita? Kwa nini hatuoni kwamba na kizazi hiki kina mchango wake katika kukua kwa taifa?
Imewekwa na Ansbert Ngurumo | 0 Maoni Yako
Monday, November 06, 2006
Kifo cha Saddam Hussein
Hajafa, lakini mazingira yanaonyesha kuwa atakufa. Unasemaje kuhusu hukumu dhidi yake? Soma maoni ya "dunia," sifa zake na historia yake.
Wakati wa kampeni za urais mwaka 2005, JK alisema: "Tanzania Yenye Neema Inawezekana." Aliahidi "kushamirisha demokrasia." Na zaidi ya yote, aliahidi "maisha bora kwa kila Mtanzania" kwa ari mpya, kasi mpya na nguvu mpya. Mwaka mmoja umepua tangu aingie madarakani. Haya ndiyo matokeo ya ahadi hizo?
Imewekwa na Ansbert Ngurumo | 0 Maoni Yako
Friday, December 01, 2006
Mbowe na Obasanjo warejea darasani
Wanasiasa hawa wawili, Rais wa Nigeria, Olusegun Obasanjo, na aliyekuwa mgombea urais wa Tanzania mwaka 2005, Freeman Mbowe, wamefanana katika jambo moja mwaka huu - kurejea shule, kunoa ubongo. Tusisahau Waziri Mkuu, Frederick Sumaye, naye alijiunga na Chuo Kikuu cha Havard mapema mwaka huu.
Imewekwa na Ansbert Ngurumo | 0 Maoni Yako
Wednesday, November 29, 2006
Kura Za Mzee Wa Kombati Zilikwenda Wapi?
CCM walidai kwamba Mbowe alipata watu wengi kwenye kampeni kwa sababu watu walikwenda kushangaa helikopta. Nikiitazama picha hii naona jambo tofauti. Helikopta ipo uwanjani lakini hawaitazami. Wameiacha nyuma, wanamkodolea macho Mbowe (hayupo pichani). Tazama nyuso zao. Waliofuatilia kampeni zake wanajua hali ilikuwa hivyo kila mkutano wake wa kampeni Oktoba - Desemba 2005. Tazama mmoja wa washindani wake. Nimesikia watu wakijiuliza. Nami najiuliza. Na sasa nawauliza nyie wasomaji. Tuulizane. Hivi kura za Mbowe zilikwenda wapi?
Imewekwa na Ansbert Ngurumo | 0 Maoni Yako
Tuesday, November 21, 2006
Tazama Ubunifu
Rafiki yangu mmoja aitwaye Alex Kaija amenitumia picha hii. Nimemuuliza alikoipata akasema naye ametumiwa. Hamjui aliyeitengeneza. Nimevutiwa na ubunifu wake; nikaona vema niwashirikishe wasomaji wa blogu hii. Mnasemaje?
Imewekwa na Ansbert Ngurumo | 5 Maoni Yako
Sunday, November 19, 2006
Unasemaje juu ya vitisho vya Lowassa?
Waziri Mkuu, Edward Lowassa, amekuwa akitumia mabavu kukabiliana na wananchi wanaomkosoa, hasa magazetini. Makala HII imemuonya na kumtahadharisha juu ya athari za ubabe huo; hasa kwa mtu ambaye tayari ameshaonyesha nia ya kuwania urais baada ya Jakaya Kikwete. Una maoni gani?
Imewekwa na Ansbert Ngurumo | 3 Maoni Yako
Wednesday, November 08, 2006
Mbunge Huyu Ana Hoja, Asikilizwe
HII ni sehemu tu ya upungufu wa katiba ya nchi yetu ambayo tunaendelea kusisitiza kuwa iandikwe upya ili iendane na matakwa ya sasa. Kwa nini tulazimishane kuongozana kwa matakwa ya miaka 50 iliyopita? Kwa nini hatuoni kwamba na kizazi hiki kina mchango wake katika kukua kwa taifa?
Imewekwa na Ansbert Ngurumo | 0 Maoni Yako
Monday, November 06, 2006
Kifo cha Saddam Hussein
Hajafa, lakini mazingira yanaonyesha kuwa atakufa. Unasemaje kuhusu hukumu dhidi yake? Soma maoni ya "dunia," sifa zake na historia yake.
4.12.06
Work hard to retain power in 2008 elections- Commey

Spio urges NDC delegates to give him the nod

3.12.06
Ike and Clottey fails to Shine in US
... Quartey no match for Wright ... Clottey Fails to win title

Quartey no match for Wright A determined Winky Wright felt he had something to prove.
"They say I can't punch," the former world junior-middleweight champion said Saturday night at Tampa, Fla. "I wanted to show that I can."
One of the best defensive fighters in the business, Wright went on the offensive and knocked down Ike Quartey late in the second round and won the 12-round middleweight fight between two old friends with a unanimous decision.
Wright threw 1,011 punches to Quartey's 642. He was still going strong in the last round, but couldn't finish off his game opponent.
"I dropped him. I hurt him. But he kept coming back," Wright said. "I wish I could have knocked him out, but Ike's a durable guy."
Wright landed a right to the head to drop Quartey with about 20 seconds left in the second round. He rocked his opponent again with a hard left to the head midway through the eighth.
The 35-year-old Wright, a St. Petersburg resident fighting on his home turf for the first time since 1992, improved to 51-3-1 with 25 knockouts.
Quartey (37-4-1) fell to 3-2 since resuming his career in 2005 after taking more than four years off following a pair of disappointing losses in 1999 and 2000.Friends since the early 1990s when they were young boxers competing in France, Wright and the 37-year-old Quartey had no problem putting their friendship on hold for a night in hopes of positioning themselves for a big-money fight in the near future.
The judges scored the fight 117-110, 117-110 and 117-109.
"He's a good fighter. It was tougher than I thought fighting a southpaw," Quartey said. "He didn't hurt me. I thought I did enough to win the fight."
Both fighters were coming off controversial decisions that left them feeling slighted in their most recent fights.Wright, who landed 269 punches to Quartey's 174, felt he won a middleweight title bout that ended in a draw with champion Jermain Taylor in June.Quartey, who quit boxing six years ago after losing consecutive fights to Oscar De La Hoya and Fernando Vargas, dropped a close 10-round decision to Vernon Forrest in August.
Clottey LoseAgainst Clottey (30-2), Margarito trailed early but gradually wore down the Ghanaian, who was appearing in his first title fight.Clottey outboxed Margarito for most of the first four rounds but appeared to injure his left hand in the fifth round, and pointed to the hand as he went to his corner after the bell.Clottey later said he broke the knuckle on the index finger of his left hand when he landed a jab to Margarito's head in the fourth round. He said he also hurt his right hand in the seventh round, though he did not specify what type of injury it was."I thought I was in control of the fight until I hurt my hand," Clottey said.Margarito did not leave the ring unscathed, and said he injured his right wrist in the sixth round.Margarito had not fought since knocking out Manuel Gomez in the first round in mid-February in Las Vegas, and he said the layoff hindered him against Clottey."The ten months off really didn't help me tonight," he said. "I couldn't get a rhythm going early in the fight."Judge Eugene Grant scored the fight 118-109 and judges John Stewart and Paul Venti had it 116-112.Margarito took control in the middle rounds and pummelled Clottey in the eighth and the ninth, cornering him along the ropes in the latter round for a long stretch and landing numerous combinations.Clottey's answer in the 10th round was to dance away from Margarito for most of the round, a tactic that drew boos from the crowd at Boardwalk Hall.
Source:Associated Press
2.12.06
Former Attorney-General urges the youth to creat wealth genuinely

“The certificates you receive today are for you personally and never to be shared, transferred or assigned to others. Your graduation today, should not be the end of your training whether academically or practically,” he added. Mr Otoo urged the graduates to undergo apprenticeship with master craftsmen in their chosen vocation to sharpen their skills. He said every vocation or profession required experience and more exposure to develop and progress. Mr Otoo said “There is no blessing in cheating or being dishonest, corrupt and morally deprived. Do not inflate prices for you clients to make quick money. You would lose clients to others and become jobless.” Mrs Akosua Frema Osei Opare, Deputy Minister for Manpower, Youth and Employment, said Government would support all forms of youth education, because human resource development was crucial for the country in her quest to become a middle income economy by 2015.
General Emmanuel Erskine (Rtd), Member of the Board of OIC said it was founded by the late Baptist Minister, Dr Leon H. Sullivan to provide a life line to young boys and girls who experienced difficulties in making academic progress in the formal education system. He said through OIC many boys and girls had been given the opportunity to acquire marketable skills which make them employable in the society. Gen. Erskine urged parents of the graduates who could afford to send their children to tertiary institutions should endeavour to do so, “Because life is becoming highly competitive and admission to other higher professional institutions could be beneficial.” Mr K.A. Asante, Programme Manager of OIC, said OIC International in collaboration with USAID had instituted a scholarship scheme for orphans and vulnerable children who were not able to make any bearing in life. “The scheme is free because the trainee’s contribution to training, examination fees, transport fares to school and back and are catered for,” he said. Mr Asante said 69 orphans and vulnerable youth were among the graduates. GNA
Ghana is capable of being food sufficient

Source:GNA
Spio-Garbrah promises to remain with NDC

Source:GNA
28.11.06
Experts urge extra billion dollars to fight bird flu

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.
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.
DVLA introduces new roadworthiness sticker

Our party (NPP) Is A Terrorist Party – NPP V/R Secretary

Ghana to host first Africa Summit for International Yoga Practitioners

Lawyers have decided the Association must not play politics

BUSAC provides 87 million cedis for garages

Visiting Canada’s Governor-General tours Gratis Foundation

Mrs Cecilia Kafui Asibey-Bonsu, Quality Assurance and Materials Manager of Gratis, led the Governor-General to tour the Metal Machining; Welding/Fabrication; Woodworking/pattern Making; Foundry; Textile Training and Design Sections. Since 1987, Canada, through the Canadian International Development Agency (CIDA), has provided approximately 13 million Canadain dollars about 105 billion cedis to assist the Gratis Foundation to promote the development of appropriate technologies and training in Ghana. She expressed satisfaction with the innovations introduced into the operations and entreated them to come out with quality products to be able to meet standards on the world market which has become highly competitive. Ms Jean was equally enthused on seeing the ladies working on the heavy machines and encouraged them to strive hard to rob shoulders with their men counterparts to be able to set up their own businesses. Seeing products like the boiling tank; steamer; palm oil expellant and palm fruit stripper among other devices, the Governor-General praised the officials of the Foundation for their ingenuity. The Governor-General, who is also the Commander-in-Chief of Canada, explained that her visit was to afford her the opportunity to see at first hand how her country’s financial contributions and investments were being utilized and also to strengthen the existing relations between the two countries. She noted that Ghana, with her vibrancy in civil society; right directions in governance and dynamism had the potential for rapid progress that could be an inspirer to the rest of Africa. With that she impressed on Ghanaians to take their destiny into their own hands and to strive to achieve successes through the new generation of entrepreneurship, which contributed to fast development. The Commander-in-Chief was accompanied by Mrs Margaret Amoakohene, Ghana’s Ambassador to Canada, and Mr Don Bobiash, Canada’s Ambassador to Ghana. Gratis Foundation is a non-governmental foundation that promotes marketable technologies and entrepreneurial skills for the growth of industry and business enterprises in Ghana and West Africa. Its activities among other things manufacturing with a focus on agriculture/agro processing; the provision of environmental/sanitation equipment; technology-based training aimed at equipping trainees with the requisite technical, vocational and entrepreneurial skills.GNA
Kuffour to Attend 1st African South American Summit
The maiden Abuja summit will see south american countries and their African counterparts forge deeper bilateral relations to better the lives of their people.
The president will be accompanied by Ghana's foreign minister Nana Akuffo Addo. They are expected back on Thursday.
27.11.06
Governor General of Canada in Ghana
BoG explains the re-denomination of cedi

Briefing the press in Accra, Mr Van Lare Dosoo, First Deputy Governor of the Bank, said there would be practical guidelines and a coherent education programme for the public before the switch to the new denomination.
He said the Ghana Cedi to be introduced in July 2007 would receive legislation from Parliament to validate it use. The Governor, Dr Paul Acquah last Saturday announced the re-denomination of the cedis by setting 10,000 cedis to one new Ghana Cedi (GH Cedi) which would also be equivalent to 100 Ghana Pesewas (Gp).
This means that 500,000 cedis would be equivalent to 50GH Cedis; 200,000 cedis would be equivalent to 20GH cedis; 100,000 cedis would be equivalent to and 10GH cedis; 5,000 cedis would be equivalent to 50Gp; 2,000 cedis would be equivalent to 20Gp and 1,000 cedis would be equivalent to 10Gp.
The series of the new set of notes would be 0ne GH Cedi, Five GH Cedis, 10 GH cedis, 20 GH cedis and 50 GH cedis whilst the coins take 1Gp, 5Gp, 10Gp, 20Gp, 50Gp.
Both the old and new cedi bank notes and coins would be in physical circulation for a period of six months after which the old notes and coins would only be exchanged at the Bank of Ghana and any commercial or rural bank. After the period, the old notes would not be legal tender but could be exchanged at the banks for the new currency.
The external value of both the old and new currencies would be the same as the purchasing power would not change because the cedi would not be devalued or re-valued. Explaining the rationale further to journalists at the press briefing, Dr Ernest Addison, Head of Research, BoG, said experience elsewhere had shown that re-denomination of a currency by dropping zeros in the relative prices of domestic price relation led to significant efficiency gains in the context of strong economic fundamentals and macroeconomic stability.
This, he said, was the situation characterizing Ghana’s economy today hence the major policy decision. He said the growth environment of the economy was strong and positive, with all the underlining conditions such as inflation, interest rates, money supply and exchange rates showing good expectation of policy credibility.
Dr Addison said the benefits the new notes and coins would bring to the economy were incalculable. He said it would reduce the cost and overall risk of carrying large sums of notes, inject efficiency in the payment system, in particular the use of Automated Teller Machines (ATMs), and simplify accounting records.
Dr Addison said it would also reintroduce the culture of using coins in Ghana, promote tourism expenditures, make significant gains in cost of bank notes production and facilitate the introduction of the use of vendor machines and car parking meters. Dwelling on the implementation process, Ms Catherine Ashieley of the Issues Depart of the BoG, said 49 countries world wide had successful gone through the process of re-denomination.
She said research analysis had shown that within the first three months of introduction, about 75 per cent to 80 per cent of the old currency was likely to be withdrawn from circulation since most people would like to switch to the new denomination as early as possible.GNA
Regional workshop on Government Securities opens

In a speech read for him by Mr Arthur Ankrah, Director Financial Sector Management Department of WAIFEM, at a regional workshop on pricing and marketing of Government Securities, Dr Itsede said the securities market was an alternative to central bank funding of budget deficit because of its minimal distortion on monetary policy.
Besides, it provided instruments for effective monetary policy management. The one-week course is necessitated by the growing pressure on most countries to bridge financing gaps through reliance on domestic sources and also because domestic mobilisation is crucial to the launch of the West African Monetary Zone. Dr Itsede said the existence of such a market could enable the Government to respond to shocks, he said.
He said when a Government Securities Market was complemented with a sound domestic debt management strategy; it could relax the fiscal burden by reducing debt service costs over the medium to long term period thereby reducing Government exposure to interest rate and other financial risks.
At the microeconomic level, such a market could strengthen overall financial stability, enhance financial intermediation and spur competition among financial services providers. "As Government and Private Sector Securities Markets develop, commercial banks tend to develop related financial infrastructure and products and intermediate credit more competitively."
But for a successful development of the Market, conditions such as a sound macro-economic policy framework, prudent and sustainable fiscal policies, property rights and an effective legal, tax and regulatory infrastructure are required. Also important are efficient and secure settlement mechanisms and a liberalized financial system.
Dr Itsede called for the nurturing of primary dealers while a secondary dealer system was being evolved.GNA
Asantehene's convoy involves in accident

An eyewitness, Mr. Kwame Siaw, a teacher, told the Ghana News Agency on telephone he was on board a metro mass transit bus when the accident occurred near Bawuah Farms at Nsoatre, off the Sunyani-Berekum road.He said a Mercedes Benz saloon car driven by one of the sub-chiefs in the Asantehene's convoy, in an attempt to avoid hitting the vehicle in front of him veered off the road and somersaulted into the bush.
The convoy was travelling to Seikwa in Tain district to attend the 15th anniversary celebration of the enstoollment of Nana Kweku Dwuma Ankoana II, Omanhene of Seikwa Traditional Area and the launch of an Educational Endowment Fund.Meanwhile the injured have been taken to the Berekum Governemnt Hospital and are responding to treatment.
When contacted, Chief Superintendent Christian Yohonu, Commander of Sunyani Municipal Police confirmed the incident.In another development, the four injured persons in the accident at Chiraa, near Sunyani, involving the Vice President's convoy were reported to be responding to treatment at the Regional Hospital in Sunyani when GNA visited the hospital.
They are Mr. Peter Ekpedzor, 46, driver, Mr. Awortwi Bonni Fred, 25, bondman, Mr. Edward Bediako 28 and Mr. Abdul Rahman, 35, both cameramen of Metro TV.
The names of the dead were not disclosed as the hospital's authorities said they were waiting for directives from the Vice President's office before they could do so.Meanwhile, Barima Afari Minta II, Chief of Chiraa, has, on behalf of the chiefs and people of the area expressed condolences and sympathy to President Kufuor and Vice President Aliu Mahama and the families of the victims of the accident.
In a telephone conversation with the Ghana News Agency, the chief said the chiefs and people were really saddened at the incident and expressed the hope that all Ghanaians would console with the bereaved families of the victims who suffered in the course of rendering services to the state.
He reiterated his appeal for a re-designing of the road from Sunyani to Techiman to avoid the recurrence of such accidents and the subsequent loss of lives.The chief noted that the nature of the road had made it accident-prone, culminating in many deaths in this year alone.
Nana Afari cited that there are as many as 35 curves on the road, coupled with many hilly points and this had made it quite difficult for drivers not conversant with the nature of the road to ply on it safely.
Source:GNA
Source:GNA
Veep in Accident - Three Die


At least two people, believed to be the vice president’s security guards, died on the spot, while a third died at the hospital.
The convoy was en route to Sunyani after paying a courtesy call on the Omanhene of Techiman Traditional Area, Oseadeyo Akumfi Ameyaw IV, and inspecting the up-grading project of the Asuogyaman Secondary School in Awirewa,Techiman.
One of the seven persons on board the Land Cruiser, with registration number GR978W, died instantly while the other died on the way to the hospital.
Five others including media personnel and the driver sustained various degrees of injury, with one in a very critical condition.
The five, who are receiving treatment at the Sunyani regional hospital, are likely to be flown to the 37 Military Hospital today for further treatment.
The bodies of the deceased have been deposited in the morgue awaiting autopsy.
The site of the tragedy is said to be a flash point, known for such fatal accidents.
It is a sharp curve on a slope and drivers who are not familiar with the road run into frequent accidents.
The driver of the vehicle, which was directly behind that of the Vice President’s, is said to have veered off the road in an attempt to prevent his car from hitting the vice’s and consequently somersaulted. The vehicle which had one of its front tires busted was damaged beyond repair.
An eyewitness explained that about seven cars behind the accident vehicle, including that of the Vice President’s would have suffered the same fate, but for the skillfulness of the driver.
At the time of filing this report, the driver was also receiving treatment.
In a related development one of the Vice President’s dispatch riders was also thrown off his motor-bike, while traveling to Techiman earlier in the morning.
The front tyre of the bike busted around Yawhimah, 10 minutes drive from Sunyani.
He was apparently saved because of his helmet.
26.11.06
Work on National Electronic Fibre Backbone takes off soon


Parliament had already approved a 30 million dollar loan with an additional 50 million dollar grant from China for the facility to make internet connectivity and general IT networking easier to accelerate development prospects in the country.Prof. Ocquaye announced this when addressing a durbar to climax the maiden homecoming of Old Students Association of Dzodze Penyi Secondary School (DZOPOSA) at Dzodze.He said another 40 million dollar scheme called E-Governance system in which IT would be applied in policy implementation between Government, Ministries, Departments, Metropolitan; Municipal and District Assemblies as well as the business community was also in the offing.Prof. Ocquaye noted that there were prospects in the country's youth in IT as the new economic lifeline in the world and asked all and sundry to take advantage of the system to build their capacity in knowledge, business and education.He commended DZOPOSA for coming together to propel the growth of their alma mater in the right spirit of nation building. "I urge you the students to learn hard despite the situation in the school because victory is sweet after a great battle. Performance is the essence of education or else we are wasting our time," Professor Ocquaye said.Professor Ocquaye suggested that a system be devised for evenly distribution of educational facilities in schools to avoid the situation in some deprived schools.He presented three sets of computers being the first batch of five sets from Internet Ghana for a proposed computer laboratory in the school and pledged to negotiate with the management of Ghana Telecom (GT) to extend a line to the area from Denu to hook the computer centre onto the net.Dr Emmanuel Srofenyo, a Medical Practitioner and President of DZOPOSA said the association spent about 400 million cedis mobilized from members and 400 bags of cement donated by the management of Diamond Cement company for the expansion and refurbishment work on the old school library which was inaugurated as part of the homecoming. Mr Ebenezer Attieku, Headmaster of Dzodze Penyi Secondary School changed from Dzodze Training College in 1972, had continued to grapple with inadequate and poor facilities and commended DZOPOSA for its programmes to rehabilitate some of the infrastructure. He expressed appreciation to Government for the construction of a multi-million cedi assembly and dinning hall project at the school. 2
Source: GNA |
Twists and turns in MP's "fake gold" case



Central Bank to re-denominate Ghanaian cedi


Dr Bawumia assured the public that there was no cause for panic, as enough time would be allowed for people to change over when the policy was implemented.
The decision to re-denominate the cedi is to reduce the cost and risk associated with having to carry large sums of money in transacting business, the difficulties in calculating or preparing accounts with huge figures and the strain on the use of ATMS.
The success of the nation depends on education-Kufuor
President John Agyekum Kufuor has stated that, the success and development of the nation depend greatly on the education of its people. He has therefore called on all Ghanaians, especially parents to endeavour to invest in the education of their children. President Kufuor, who was addressing a durbar of chiefs and people of Offinso Traditional Area to climax their week-long Mmoaninko Festival at Offinso on Saturday said the acquisition of knowledge formed the basis of offering employment to people. He said but for education, do you think Kofi Annan would have been elected as General Secretary of the United Nations, he queried. The celebration was under the theme, “Quality Education for Better Health, Environment and Rapid Progress”. He said there was the need for people to ensure peace and understanding and eschew lawlessness and anarchy. President Kufuor appealed to the chiefs to release land to people who want to venture into farming so that they contribute meaningfully to the development of the country. He said the government would continue to support the development of the area, adding that the Dwamena Akenten Secondary school would be made a model school, while other development projects like roads, both highway and feeder roads would continue to receive the attention from the government. He thanked Offinsohene and the people for voting for the New Patriotic Party (NPP) to win the recent by-election in the area that brought Dr.Owusu Achaw Duah as the new Member of Parliament (MP) for the area after the death of Mr Kwabena Sarfo. President Kufuor donated 50 million cedis towards the celebration of the Festival which was meant to raise funds to support the development of the area Nana Wiafe Akenten III, Paramount chief of Offinso Traditional Area said the festival was a treasure and a gift of victory for the people of Offinso and it recalls the good deeds of the heroism of nana Wiafe Akenten in the second Dormaa and Ashanti war. He said it was also to portray the unity of purpose of the people in the area and also to afford them the opportunity to take stock of the achievements of the Traditional Authorities and the Offinso District Assembly He indicated that the celebration of the festival has been used to award scholarships to 150 students who are now pursuing their Masters Degree programmes in various disciplines in the nation’s Universities. He said proceeds from the current celebration would be used to expand the scholarship scheme to cover boys entering Senior Secondary schools and tertiary institutions as against girls only which was hitherto the case and persons undergoing vocational training programmes. He said the week-long celebration has been used to educate the people on the need to ending unnecessary invocation of curses which had brought untold hardships and deaths to some people and their families and to reduce funeral expenses in the area. Nana Fosu Gyeabour Akoto II, Paramount Chief of Bechem, who represented Otumfuo Osei Tutu II, Asantehene underscored the importance of education and good health and called on the people to take advantage of the Government’s Capitation grant and send their children to school.GNA
Tourism must build mutually beneficial relationships- Tourism Advisor
Mr Corjon Van der Haat, Senior Tourism Advisor of the Netherlands Development Organization (SNV), has stated the need for all activities around tourism related parks to promote mutually beneficial relationships between the parks and stakeholders in those areas. Mr Haat made the point at a two-day joint workshop for identifiable groups from Ghana and Togo to draw a tourism development plan for the Kyabobo National Park in Ghana and its counterpart Fazao-Malfakassa in Togo. Those who attended included chiefs, tour and transport operators, security officials, Ghana Tourist Board, hotel and restaurant operators, wildlife officers and community members. Mr. Haat said the development of park related tourism must include the protection and enhancement of natural resources around those parks. He warned that ethnic, chieftaincy and land disputes hurt tourism. Mr Haat said the Kyabobo National Park was yet to attract the attention of United Nations World Tourism Organization (UNWTO) Step programme because it was yet to come into the limelight. He said the UNWTO, which is a multi-destination marketing programme covers Niger, Mali, Burkina Faso, Ghana Benin and Togo. Mr Joseph Denteh, District Chief Executive for Nkwanta said, in addition to the Kyabobo National Park and Fazao-Malfakassa, the area has other tourism attractions such as mountains, waterfalls, climate and rivers, which needed to be developed. He drew the workshop's attention to the need for hotels of international standard, safari lodges and camps and recreational infrastructure and restaurants and car rentals along tourist routes in the area. Mr Denteh said plans were far advanced to construct the Brewniase-Nkwanta-Damanko trunk road to ease traveling in the area.GNA
Ghanaians urged to contribute towards the development of the chieftaincy institution
The Minister responsible for Chieftaincy and Culture, Mr Kwaku Boafo, has appealed to Ghanaians to contribute towards ensuring the development of an effective chieftaincy institution that would help serve as a centre-point for stability and a fulcrum for progress and prosperity. He said the relevance of the chieftaincy institution must engage the attention of all well-meaning Ghanaians and must help reduce disputes in the society so that such conflicts do not hold back the development of the people. Mr Boafo made these observations when addressing the chiefs and people of Awukugua- Akuapem in the Eastern Region at a durbar of chiefs and people of the area organized to climaxed the celebration of their annual Ohum festival on Saturday. The event was used to seal the resolution of an 18-year chieftaincy dispute in the town, a development which was hailed by Mr Boafo as progressive. He said although there had been a decline in the number of chieftaincy disputes in the country, he nonetheless re-echoed Government's plea for well-meaning individuals to help in restoring peace to traditional areas still mired in conflicts. He said the Government welcomes moves toward the resolution of conflicts among royal families to promote peace and to serve as the pivot for transformation in various communities. Mr. Boafo said the stability of the nation should not be the task of only the political class, but the traditional rulers as well, who he said, must ensure that they create avenues for the timely resolution of breaches of the peace that might arise in their areas. Mr Boafo appealed to the people not to supplant their values for foreign ideologies and referred, in particular, to a growing tendency of some parents not encouraging their wards to acquire literary skills in the local language in preference for the English and other foreign languages. A former Minister of Information, Mr Dan Botwe, who chaired the function, said celebration of festivals should focus more on uplifting the conditions of the people and less on entertainment and the display of fashion. He said traditional authorities should also make conscious effort towards imbuing in the youth values that stress on strong believes in themselves, truthfulness and honesty. Mr. Botwe lauded the Awukugua Reconciliation Committee that helped resolved the conflict that had made peace to return to the community. The Chief of Awukugua, Nana Asare Brempong II, pledged his commitment towards sustaining the peace that has been crafted and gave the assurance that, while he would not do anything to reverse what has been chalked, there was also the need to expose and put to shame individuals spreading false information about the town. Nana Brempong outlined some projects, including the granting of land to the Presbyterian University College Church to use as part of the Akuapem Campus of the Presbyterian University.GNA
Give priority to Science and Math teachers-Anamuah-Mensah
The Vice-Chancellor of the University of Education (UEW) Professor Jophus Anamuah-Mensah, has observed that if Ghana is to develop its science and engineering capacity, the training of science and mathematics teachers should be given a priority attention. Laboratory space should be expanded while facilities for practical activities should be provided at all level of education, he said. Professor Anamuah-Mensah said this at the 11th Congregation of the University of Education, Winneba where 2,281 Bachelor of Education graduates passed out through its regular programmes. The Vice-Chancellor said the 110 Science Resource Centres in the country should be rehabilitated and re-equipped to provide training for the students. He said following the important role played by Science, Mathematics and Technology, the UEW has been increasing output in this area yearly, adding that this year about 596 constituting 25.6 per cent graduates from these disciplines passed out of which 107 were women. Professor Anamuah-Mensah said the University has started a number of Masters of Arts and Masters in Philosophers programmes for the training of teachers in various subjects as well as the training of college administrators to handle the 38 Teacher Training Colleges. He said the College of Language Education has limited working space and lecture halls and has been waiting for the past three years to move to Ajumako and appealed to Ministry of Education to quicken the movement. Professor Anamuah-Mensah urged the graduands to go into the “corners of the country” and carry out a silent but effective revolution to uproot and demolish the strongholds of ignorance and poverty. An address read for the President Mr John Agyekum Kufour by the Minister of Ports, Habours and Railways, Professor Christopher Ameyaw Akumfi, urged stakeholders to show keen interest and partner with the university authorities in the provision of infrastructure, facilities and scholarship to help the universities produce high level manpower needed by the nation.GNA
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