Unga Group Limited (UNGA.ke) 2007 Annual Report

first_imgUnga Group Limited (UNGA.ke) listed on the Nairobi Securities Exchange under the Food sector has released it’s 2007 annual report.For more information about Unga Group Limited (UNGA.ke) reports, abridged reports, interim earnings results and earnings presentations, visit the Unga Group Limited (UNGA.ke) company page on AfricanFinancials.Document: Unga Group Limited (UNGA.ke)  2007 annual report.Company ProfileUnga Group Limited is an agricultural holding company in Kenya which mills wheat and maize and processes baked products and animal nutrition and health products. The company is divided in products produced for human consumption and animal consumption. The human consumption division produces a range of wheat flour products which include chapatti, mandazi, brown bread, maize meal, porridge and amana. The animal consumption division manufactures a range of animal food and mineral supplements. Unga Limited is a subsidiary company which produces feeds, minerals, premixes, animal health products and offers technical services to the agricultural sector in Kenya. Other subsidiary companies include Unga Farm Care (EA) Limited, Ennsvalley Bakery Limited and Unga Millers (Uganda) Limited. Over 90% of products are produced for the Kenyan domestic market with some exports to Uganda, Tanzania and Rwanda. The company head office is in Nairobi, Kenya. Unga Group Limited is listed on the Nairobi Securities Exchangelast_img read more

Jaiz Bank Plc (JAIZBANK.ng) 2019 Annual Report

first_imgJaiz Bank Plc (JAIZBANK.ng) listed on the Nigerian Stock Exchange under the Banking sector has released it’s 2019 annual report.For more information about Jaiz Bank Plc (JAIZBANK.ng) reports, abridged reports, interim earnings results and earnings presentations, visit the Jaiz Bank Plc (JAIZBANK.ng) company page on AfricanFinancials.Document: Jaiz Bank Plc (JAIZBANK.ng)  2019 annual report.Company ProfileJaiz Bank Plc is a financial services institution providing Islamic non-interest banking services for retail, commercial and corporate sectors. Its full service product offering ranges from transactional accounts and term savings to working capital, real estate, personal, medical, education and project finance. Jaiz Bank provides online banking, leasing, banking cards and bonds and guarantees. The company has a national footprint with 27 branches located in the major towns and cities of Nigeria. Jaiz Bank Plc was founded in 2003. The company’s head office is in Abuja, Nigeria. Jaiz Bank Plc is listed on the Nigerian Stock Exchangelast_img read more

Court nixes giveaway to banks

first_imgDetroit — In what the corporate media have called a “stunning blow” to Wall Street, two of the biggest capitalist banks have been barred from making a deal that would take an additional $165 million from the people of Detroit. The ruling by a federal bankruptcy judge also prevents a third bank from getting another $34 million for financing the deal.It was headline news not just in Detroit but across the United States. The New York Times put the story on the front page, along with an accompanying photo of a demonstration with a hand-painted sign reading “Bank of America owes Detroit for destroying our neighborhoods!” Abayomi Azikiwe of the Moratorium NOW! Coalition to Stop Foreclosures, Evictions & Utility Shutoffs was quoted in the Times article.U.S. Bankruptcy Court Judge Steven Rhodes ruled Jan. 16 that the city of Detroit, which is in Chapter 9 bankruptcy and under the control of an “emergency manager,” could not go forward with its loan deal with Barclays bank to pay off Bank of America and United Bank of Switzerland for what is called a “swap termination.”Organizers with the Moratorium NOW! Coalition called Rhodes’ ruling “courageous” and a “big win for the people of Detroit.” The group has consistently opposed and organized a struggle against the emergency manager and the bankruptcy of Detroit, and demanded cancellation of the city’s debt to the banks.The trial, which began Dec. 17 and ended Jan. 13, was attended by community activists, city retirees and residents, who were present when Rhodes delivered his decision. Some had participated in a protest outside the courthouse earlier that day, despite blowing snow and bitter temperatures, as well as in many previous demonstrations there.Clapping erupted when people’s anti-foreclosure attorney Jerry Goldberg exited the courtroom after the decision. Goldberg, an activist and former auto worker, is one of the lawyers who opposed the deal.What are swaps?Interest rate swaps have locked Detroit and other cities across the country into loan deals where banks were paid interest rates up to 1,200 percent higher than the actual floating rate for the bonds to which they were linked. Such swaps were a huge boondoggle for the banks and a bust for the cities when interest rates went down to zero as a result of the federal bank bailout in 2008.Goldberg explained swaps to Workers World: “Detroit is just one of many cities that were sucked into these complex financial transactions by the banks. The deal was set up where the city paid a fixed interest rate to the banks, while the banks paid the floating rate tied to the Libor.“When interest rates went down beginning in 2008, because of the federal bank bailout, the city had to pay the banks the difference between the 6.23 percent fixed interest rate and the approximately 0.5 percent floating interest rate on the bonds. This amounted to $50 million per year, or $300 million between 2008 and 2013, in addition to the termination fee which the banks are now demanding.”The original deal with the banks to terminate the swaps was made by Emergency Manager Kevyn Orr, who was appointed by the right-wing governor of Michigan to take over Detroit’s finances. Under the deal, the city would have had to pay Bank of America and UBS some $230 million, or 75 percent of the swap termination fee of $290 million. To pay this amount, Detroit would have had to take out a loan from Barclays, which would then charge the city up to 8.5 percent interest, plus millions in fees.Judge: ‘just too much money’Orr’s investment banker, Kenneth Buckfire, failed miserably to justify the deal in his testimony. On Dec. 18, after rigorous cross-examination of Buckfire by Goldberg and other attorneys, Judge Rhodes ordered the city and the banks to enter mediation and come up with a better deal for the city.After the court-ordered mediation, attorneys for the emergency manager and the city, from the global law firm Jones Day, announced they would seek approval of a new agreement. The trial was reconvened on Jan. 3.This new deal would have paid Bank of America and UBS $165 million, with an additional $34 million to Barclays in interest and fees. Under this agreement, the people of Detroit would see 20 percent of their city income tax revenues pledged to pay off the banks over the next four years.Judge Rhodes in his ruling said it was “just too much money,” called it “another hasty deal” by the city, and denied the motion to approve the new deal. In doing so, Rhodes went against the recommendation of the judge he had appointed as mediator.In his verbal opinion, Rhodes stated: “The city had entered into a series of bad deals to solve its financial problems. The law says that when the city filed this bankruptcy, that must stop. It also says that this court must be the one to stop it if necessary. It is necessary here.“One hundred sixty-five million dollars is too high a price to pay for the city to put this issue behind it. It’s higher than the highest reasonable number. It’s just too much money.”Rhodes held that there was at least a reasonable possibility that legal challenges to the swaps brought by a number of objectors and their attorneys would be successful, which could render the swaps void altogether. These objectors include the Detroit General Retirement System Board and the Detroit Retirees Association, as well as David Sole, founder of the Stop Theft of Our Pensions Committee and a Moratorium NOW! activist.If such litigation against the banks were successful, it could mean that the banks would have to repay the city for $300 million already paid to UBS and Bank of America on the swap deals.‘Cancel the debt!’Rhodes’ decision “squashed this attempted giveaway to two banks which have played a major role in the destruction of the city’s neighborhoods with their racist, predatory lending and subprime mortgage schemes,” Goldberg, Sole’s attorney, told Workers World after the ruling.“We made it real for the judge,” said Goldberg. “We showed the horrendous impact these banks have had and will continue to have on the people of the city. In a city that’s been devastated by the banks like Detroit has, how do you justify giving this kind of money to the banks? Even the judge couldn’t see it.”Moratorium NOW! organizers are urging continued vigilance and struggle by the residents, workers and retirees of Detroit. “This victory was not just won in a courtroom,” Abayomi Azikiwe, a coalition leader, told Workers World. “It was the ongoing mobilization of Detroiters against the banks that played a pivotal role in getting the judge to deny this giveaway to the banks that destroyed our city.“We demand cancellation of the city’s entire alleged debt to these racist banks, and reparations to Detroiters, along with a jobs program to rebuild our communities that these banks have destroyed by predatory lending and massive foreclosures.”FacebookTwitterWhatsAppEmailPrintMoreShare thisFacebookTwitterWhatsAppEmailPrintMoreShare thislast_img read more

Build workers’ assemblies!

first_imgSteven CeciWW photo: Brenda RyanTalk given by Steven Ceci at the 2014 National Conference of Workers World Party in New York City.First, I would like to congratulate Comrade Tommy for his courageous decision as a McDonald’s worker to go on strike and be arrested.We also want to salute the Walmart workers who, this past Thursday, took the daring step of conducting a sit-down strike in the middle of their respective stores.  Following their strikes, hundreds faced squadrons of police and were arrested.Anyone familiar with the power of the Walmart empire, whose wealth rivals that of entire countries, understands the courage necessary on the part of these workers to take this kind of action.We as revolutionary socialists could not be happier!The emerging low-wage workers’ movement represents the future of the working class. In fact, the term “low-wage workers’ movement” is a slight misnomer, since the majority of the working class has been pushed into poverty as the global capitalist system intensifies its exploitation and grows more moribund with each passing day.I want to talk about the power of workers’ assemblies as vehicles for the working class.As many of you know, we played a pivotal role in forming the Baltimore “We Deserve Better” Workers’ Assembly, inspired by our sisters and brothers in the Southern Workers’ Assembly and, of course, by the international movement. Our workers’ assembly grew organically out of the Baltimore Peoples’ Power Assembly.  Both function in a complementary way with each other.And now Los Angeles has launched a Workers’ Assembly.One of the major features of capitalism in this period is its global character and the fact that it has atomized workers in a million different workplaces, making it harder for workers to organize.The global system of capitalism has more and more forced workers to compete with each other.To succeed in even the smallest fight, it is necessary to fight as an entire class; in fact, it is necessary to fight against capitalism itself, if we are to seriously take on the life-and-death issues facing workers.How can the fast food workers succeed without the full, active engagement of the entire working class?The workers’ assemblies can afford workers the tool to do this.They are not a substitute for unions — in fact, the assemblies must vigorously defend the unions — but rather a necessary complementary form of organization to bring union workers, the unemployed and the vast majority of younger and unorganized workers together on a higher and more defined level.And what about Ferguson, police terror and rampant racism?  Aren’t racism and police terror workers’ issues!What about the huge number of unemployed workers, particularly the youth who have no future under capitalism?How about the migrant workers and their families?These are all workers’ issues, which the assembly must and can take on, along with the many day-to-day issues that the working class and the community face, from foreclosures to water shutoffs.As the capitalist crisis deepens and ultimately convulses, the organization of assemblies, from workers’ to people’s assemblies, must be prepared to take on the issue of political power itself.Imagine for a moment if the whole working class in Los Angeles was organized into powerful assemblies.  When the Walmart workers held their courageous sit-down strike, the workers in the assemblies would have joined them, surrounded Walmart and defended these workers.  That would have been workers’ power, the kind that the Walton family could not ignore.We look forward to the day when that will happen — maybe much sooner than we think.Power to the workers! Power to the people! We salute the low-wage workers! Build workers’ assemblies!FacebookTwitterWhatsAppEmailPrintMoreShare thisFacebookTwitterWhatsAppEmailPrintMoreShare thislast_img read more

Democratic Platform Opposes TPP Deal

first_img Facebook Twitter SHARE Democratic Platform Opposes TPP Deal By Hoosier Ag Today – Jul 26, 2016 Previous articleHigh Oleic Soybean Oil Passes the Test at PurdueNext articleIndiana Terminal to Offer E15 in September Hoosier Ag Today Home Indiana Agriculture News Democratic Platform Opposes TPP Deal With both candidates for President openly against the Trans-Pacific Partnership, the trade deal could be facing an increasing uphill battle towards getting Congressional approval. At the Democratic National Convention this week, chants broke out of “No TPP” while Bernie Sanders was speaking Monday, the same day his party approved its platform which is formally against the trade agreement. Hilary Clinton previously favored TPP while serving as Secretary of State for President Obama, but she changed her stance since beginning the campaign which will lead to accepting the nomination as the Democratic candidate for President later this week. Republican Candidate Donald Trump also opposed the deal in its current state. During his speech, Senator Sanders, the runner-up to Clinton for the Democratic nod, told the audience “We’ve got to make sure that TPP does not get to the floor of Congress during the lame duck session.”Farm groups favoring the deal are pressing Congress to consider the measure after the November elections. However, all of the anti-trade campaigning makes it exceedingly difficult to get TPP through an already wary Congress, making passage not impossible but very unlikely.Source: NAFB News Service SHARE Facebook Twitterlast_img read more

Dismay at three-year jail sentence for Somaliland newspaper editor

first_img Help by sharing this information to go further News RSF_en RSF requests urgent adoption of moratorium on arrests of journalists SomaliaAfrica Organisation Reporters Without Borders is “dismayed” by the three-year jail sentence and fine of 6 million Somaliland shillings (around 1,000 dollars) that a court in Hargeisa, the capital of the breakaway northwestern territory of Somaliland, passed yesterday on Mohamud Abdi Jama, the editor of the independent newspaper Waheen, for allegedly libelling local officials. SomaliaAfrica January 23, 2011 – Updated on January 20, 2016 Dismay at three-year jail sentence for Somaliland newspaper editor Follow the news on Somalia Radio reporter gunned on city street in central Somalia Receive email alerts News News News RSF and NUSOJ call for release of a journalist held in Somalia’s Puntland region January 8, 2021 Find out more March 2, 2021 Find out more “This sentence has all the hallmarks of summary and punitive justice,” Reporters Without Borders said. “The court should have first established whether or not anyone was defamed and, if they were, a more measured and just penalty should have been imposed. Imprisonment is clearly disproportionate for defamation. We urge the courts to reverse this decision on appeal.”Judge Ali Sudi Diriye found Jama guilty of defaming Somaliland’s chief of police and the head of the territory’s power company (Somaliland Electricity Agency) by publishing “false and misleading reports” about alleged nepotism within these institutions.Jama was incarcerated in Hargeisa’s main prison immediately after the trial. His lawyer said he would appeal. February 24, 2021 Find out morelast_img read more

BASA to launch weather balloon

first_img Facebook Bowie logo Upside Down Blueberry Pie CheesecakeFoolproof Roasted Pork TenderloinFruit Salad to Die ForPowered By 10 Sec Mama’s Deviled Eggs NextStay  Education Foundation. Pinterest The Bowie Aeronautics and Space Academy will launch a weather balloon and transponder at 9 a.m. Saturday from the Bowie Middle School Football Field, 500 W. 21st St.The data collected from this launch will be used during the meteorology unit next school year in their eighth-grade science class, an Education Foundation news release said.This opportunity is possible through funding received by Ben Carter, Stacy Chism, Christopher Bartlett, and David Lee at Bowie Middle School from an Education Foundation Grant titled “High Altitude Science” in the amount of $1,827.05 last spring.Through movies and stories about outer space, students are already fascinated by the vast unknown of the final frontier. Even more, some students have never been outside of Odessa and this project allows them to vicariously see their entire city, state, country and world from a “God’s eye view,” the release stated.More Information OCA top 2 were ESL students WhatsApp Noel earns award By admin – May 10, 2018 Twitter Previous articleDAILY OIL PRICE: May 10Next articleHIGH SCHOOL SOFTBALL: Lady Panthers on the cusp of making history admin RELATED ARTICLESMORE FROM AUTHOR Registration set for engineering camp Local NewsEducation BASA to launch weather balloon WhatsApp Pinterest Facebook Home Local News Education BASA to launch weather balloon Twitterlast_img read more

Sonar scan reveals submarine-shaped object in River Foyle bed

first_img Facebook WhatsApp News 365 additional cases of Covid-19 in Republic Twitter WhatsApp Pinterest Google+ An investigation is under way in Derry after a sonar scan revealed a submarine-shaped object buried in the bed of the River Foyle.The discovery has sparked speculation that it might be a German U-boat from World War Two.The image was captured by Mallow Search and Rescue who are often called upon during search operations.Mallow Search and Rescue Chairman, John Wolf says they hope to learn more when they perform a second scan of the river bed in the coming days…..[podcast]http://www.highlandradio.com/wp-content/uploads/2012/04/wolf1pm.mp3[/podcast] RELATED ARTICLESMORE FROM AUTHOR Further drop in people receiving PUP in Donegal Facebookcenter_img Pinterest By News Highland – April 19, 2012 Google+ Previous articleFF calls for public to have option to have water meters installed themselvesNext articleDonegal County Council to honour late Garda Gary McLoughlin News Highland Sonar scan reveals submarine-shaped object in River Foyle bed Man arrested on suspicion of drugs and criminal property offences in Derry Main Evening News, Sport and Obituaries Tuesday May 25th Twitter 75 positive cases of Covid confirmed in North Gardai continue to investigate Kilmacrennan firelast_img read more

Delhi High Court Rejects PIL Seeking Release Of Persons “Illegally” Detained During Farmers’ Tractor Rally

first_imgNews UpdatesDelhi High Court Rejects PIL Seeking Release Of Persons “Illegally” Detained During Farmers’ Tractor Rally Shreya Agarwal2 Feb 2021 1:58 AMShare This – xThe Delhi High Court on Tuesday dismissed a Public Interest Litigation (PIL) petition filed by a law graduate seeking release of participants of farmers tractor rally of January 26, who were “illegally” detained by the Delhi police.The High Court asked the petitioner if it was a “publicity interest litigation”.These persons have been allegedly illegally detained by police since January 26…Your free access to Live Law has expiredTo read the article, get a premium account.Your Subscription Supports Independent JournalismSubscription starts from ₹ 599+GST (For 6 Months)View PlansPremium account gives you:Unlimited access to Live Law Archives, Weekly/Monthly Digest, Exclusive Notifications, Comments.Reading experience of Ad Free Version, Petition Copies, Judgement/Order Copies.Subscribe NowAlready a subscriber?LoginThe Delhi High Court on Tuesday dismissed a Public Interest Litigation (PIL) petition filed by a law graduate seeking release of participants of farmers tractor rally of January 26, who were “illegally” detained by the Delhi police.The High Court asked the petitioner if it was a “publicity interest litigation”.These persons have been allegedly illegally detained by police since January 26 in connection with the protests on Republic Day, and the petitioner, a law graduate, claimed that no arrest memos also had been issued in respect of the persons’ detention. He claimed that he had come to know through news reports and social activists that people had been detained from the Singhu, Ghaziabad and Tikri borders.Asking the petitioner for verification of the alleged fact that the said persons were missing, the Court asked him to produce affidavits of the families of all such persons who he claimed had been illegally detained by the police.Chief Justice DN Patel remarked, “It shouldn’t happen that today you claim they have been detained, and tomorrow their families present themselves here and claim otherwise.”The court then asked the petitioner to elaborate on the merits of the allegations and details of the FIRs under which such persons had been allegedly detained, upon which it noted that the petitioner’s advocate had not given any answer.”For the question of discharge, the court has to look into the nature of the allegations,” the bench stated, and said that it would not only dismiss the petition but also impose heavy costs.They further stated, “When we asked if any family members have been contacted, we have been told they haven’t been contacted. Persons cannot be released without entering into the merits of the FIR or allegations.”The court, however, directed for the investigation in the cases to be conducted in a time bound manner, yet, the petitioner’s prayer for a status report by the police on the cases was not commented upon.Further, when upon the court’s direction that persons detained, if any, shall be produced before a Magistrate within 24 hours of their arrest, as per the provisions of the Code of Criminal Procedure, ASG Chetan Sharma prayed that instead of this, it may be directed that the persons be dealt with “in accordance with law”, the court agreed.Subscribe to LiveLaw, enjoy Ad free version and other unlimited features, just INR 599 Click here to Subscribe. All payment options available.loading….Next Storylast_img read more

Donegal without access to mental health rehabilitation team

first_imgHomepage BannerNews Arranmore progress and potential flagged as population grows Harps come back to win in Waterford DL Debate – 24/05/21 Google+ Pinterest Twitter Important message for people attending LUH’s INR clinic News, Sport and Obituaries on Monday May 24th Donegal without access to mental health rehabilitation team Google+ Previous articleCllr hits out as flood affected families in West Donegal still without fundingNext articleTwo men arrested in connection with Derry shooting News Highland center_img The Mental Health Commission says the mental health rehabilitation service provided in Donegal is completely inadequate.A new report shows that only half of the population have access to a mental health rehabilitation team.Government mental health policy recommended that 48 teams are needed across the country, there are only 23 – with none in Donegal.A regional report on mental health rehabilitation and recovery teams in Donegal has concluded that the rehabilitation service provided does not serve the needs of people with serious and enduring mental illness.The Mental Health Commission says there are no staff apart from a small number of nursing and healthcare assistants and a request for four additional posts has been put forward in the 2019 estimates however, there is said to be difficulties in attracting consultant psychiatrists to take up posts in the area.The report also highlights that there has been no comprehensive training of these staff in rehabilitation and recovery and other appropriate therapies and that there difficulties with recruitment of staff again, due to location and the absence of an established, well-funded team; however, there are cross-border links which do provide a number of services.The report states that it is clear that there has to be creative thinking in providing a comprehensive rehabilitation service across CHO 1.The commission says it would be possible to attract well-trained and skilled staff if there was a move to provide rehabilitation service of excellence across the whole CHO.Regional ReportDonegal Deputy Pat the Cope Gallagher says the Mental Health Commission’s report is damning and says unless action is taken by the Government, they will have a crisis on their hands:Audio Playerhttp://www.highlandradio.com/wp-content/uploads/2019/10/copemental5pm.mp300:0000:0000:00Use Up/Down Arrow keys to increase or decrease volume. Pinterest WhatsApp RELATED ARTICLESMORE FROM AUTHOR Journey home will be easier – Paul Hegarty WhatsApp By News Highland – October 10, 2019 Twitter Facebook Facebooklast_img read more