Tag Archives: failure
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About Oando Energy Resources Inc. (OER)
The International Monetary Fund (IMF) says Gambia’s newly introduced Tax collection system — the Value Added Tax (VAT)- is killing the country’s ailing economy and businesses. “The outlook for the economy is generally favorable for 2013, but there are risks. Real GDP growth is expected to accelerate, if the recovery in crop production is sustained.
CAPE-TOWN, South-Africa, May 13, 2013/African Press Organization (APO)/ – Africa cannot continue to be marketed as a country, when it is a continent of 54 countries, which, by 2040 will have the largest workforce in the world. The statement was made by the Economic Commission for Africa’s Executive Secretary, Mr. Carlos Lopes at the World Economic Forum on Africa this week during a session aptly titled:Myth Busting; investing in Africa.
Eritrean Center for Strategic Studies, ECSS
Yesterday, the President of the Association for Unmanned Vehicle Systems International Michael Toscano told U.S. News: “Whether it is in response to a natural disaster or a tragedy like we saw in Boston, [unmanned aerial systems] can be quickly deployed to provide first responders with critical situational awareness in areas too dangerous or difficult for manned aircraft to reach.”
“Solar investors, project developers and EPCs are shifting from a short term cost per Watt focus to a more accurate measure of a system’s value based on the levelized cost of electricity, expressed as cost per kilowatt hour.”
RALF (Restoration Aquatic Life Filtration) Provides a New Solution During a Power Outage to Help the 13 Million Households with Aquariums Sustain Healthy Aquatic Life
Although nuclear power stations have been phased out in many parts of the world due to safety concerns following Japan’s Fukushima disaster, the debate about nuclear power as an alternative to coal-fired power is heating up in South Africa.
A.M. Best Revises Outlook to Negative for American Safety Insurance Holdings, Ltd. and Its Subsidiaries
A.M. Best Co. has revised the outlook to negative from stable and affirmed the financial strength rating of A (Excellent) and issuer credit ratings (ICR) of “a” of the insurance operating subsidiaries of American Safety Insurance Holdings, Ltd. (ASI) (Hamilton, Bermuda) [NYSE:ASI], which include: American Safety Casualty Insurance Company, American Safety Indemnity Company (both domiciled in Oklahoma City, OK), American Safety Reinsurance, Limited (ASRE) (Hamilton, Bermuda) and its affiliate, American Safety Risk Retention Group, Inc. (Burlington, VT). Concurrently, A.M. Best has revised the outlook to negative from stable and affirmed the ICR of “bbb” of ASI.
Following months of report that Prime Bank Gambia will be sold, the Central of The Gambia (CBG) has come up with reports that the bank has not met its minimum capital requirement for 2012; and therefore is required to go on “voluntary liquidation”.
“The Central Bank of the Gambia is pleased to inform the general public that 12 out of the 13 commercial banks operating in The Gambia met the minimum capital requirement of D200 Million,” a release from CBG reads.