Tag Archives: failure
A.M. Best Europe – Rating Services Limited is a subsidiary of A.M. Best Company. A.M. Best Company is the world’s oldest and most authoritative insurance rating and information source.
About Oando Energy Resources Inc. (OER)
OER currently has a broad suite of producing, development and exploration properties in the Gulf of Guinea (predominantly in Nigeria) with current production of approximately 5,205 bopd from the Abo Field in OML 125 and the Ebendo Field. OER has been specifically structured to take advantage of current opportunities for indigenous companies in Nigeria, which currently has the largest population in Africa, and one of the largest oil and gas resources in Africa.
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
According to statistics from a National Pet Owners Survey compiled by the APPA (American Pet Products Association) there were 700,000 households with saltwater aquariums and over 11.9 Million households with freshwater from 2011 to 2012. While investment in the cost of setting up an aquarium varies, Bloomberg Rankings examined the initial setup costs for a 90 gallon saltwater aquarium to be as high as $17,334. Since power outages are becoming more frequent and longer in duration due to unprecedented super storms like “Sandy” in the Northeast, all these aquariums are vulnerable. According to the Eaton Corp’s “2012 Blackout Tracker Report,” there were 2,808 power outages in the US during 2012.
“Annual Deal Report- Defense” for 2012 provides an insight into inorganic growth strategies of companies in the defense industry and competitor tracking
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.