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ZIMBABWE, banking on mining to end two decades of economic stagnation, plans to list Kuvimba, the company in which it has placed state mining assets, to raise cash to meet government obligations. Late last year, the government created Kuvimba Mining House, in which the State pension fund and sovereign wealth fund hold 65% shareholding, to house its holdings in platinum, gold and nickel. “In the next two years, it will be a highly profitable group,” Finance minister Mthuli Ncube said in an interview. “When we eventually list, government will offload some of its shareholding.” The creation of Kuvimba is the latest attempt by the government to kickstart its mining industry. While companies were deterred by local ownership requirements and a frequently changing currency regime, investors from Russia, Cyprus and Nigeria are now exploring having platinum mines in Zimbabwe, which has the world’s third-biggest reserves of the metal. In addition to partnering Russian investors in a platinum venture, Kuvimba plans to rehabilitate aging mines and develop new ones. The company will likely be listed on the dollar-denominated stock exchange that was established in the resort town of Victoria Falls last year, Ncube said. The rest of the company is owned by a consortium headed by David Brown, the former chief executive officer of South Africa’s Impala Platinum Holdings, he said, without giving details about the arrangement. “We are looking for international skills, skills with a track record and he has a track record,” Ncube said. Money from Kuvimba will be used to back entrepreneurs, compensate people who lost the value of their bank deposits when the local currency crashed, bolster funding for veterans of the 1970s liberation war and provide seed capital for a new government workers’ pension fund, he said. It will also be used to compensate white former farmers. Zimbabwe’s initial refusal to compensate white farmers soured Zimbabwe’s relations with multilateral lenders and the West. Now the country plans to appoint advisers to help it raise the US$3,5 billion it has agreed to pay. “With Kuvimba, the government has put something on the table, it has skin in the game,” Ncube said. “Everything now hinges on concluding the appointment of the adviser and then the work of fund raising will begin in earnest.”— Bloomberg
South Africa is one of the hardest-hit countries in Africa with over 740,000 infections.
The country recorded 60 more virus-related deaths on Wednesday, bringing the death toll to 20,011.
More than 10 million cases of the new coronavirus have been officially declared around the world, half of them in Europe and the United States, according to an AFP tally at 0930 GMT Sunday, June 28, based on official sources.
Europe remains the hardest hit continent with 2,637,546 cases including 195,975 fatalities, while the United States has 2,510,323 infections including 125,539 deaths.
The rate of infections worldwide continues to rise, with one million new cases recorded in just six days.
The tallies, using data collected by AFP from national authorities and information from the World Health Organization (WHO), probably reflect only a fraction of the actual number of infections.
China has imposed a strict lockdown on nearly half a million people in a province surrounding the capital Beijing to contain a fresh coronavirus cluster, as authorities warned the outbreak was still “severe and complicated.”
Shelby County Health Department (SCHD) officials have announced new guidelines for businesses following a recent rise in coronavirus (COVID-19) cases and directives from the Centers for Disease Control (CDC). Phase II of Shelby County’s Back-to-Business reopening produced a rise in citizens testing positive for the virus, moving from 7 percent in May to 14 percent […]
Following the cancellation of the Atlantic Coast Pipeline project, a Virginia-based environmental policy analyst says coal is the big winner in Virginia and North Carolina, two states the pipeline would have run through. 'A safe [...]
Fifth District City Commissioner Regina Hill disclosed Monday that her brother, 52-year-old Edward Hill, died last week after contracting the coronavirus while incarcerated in the South Bay Correctional Facility. He was scheduled to be released in less than a year. At least three other inmates have also died in South Bay after testing positive for […]
The post Orlando Commissioner's Brother Dead from Coronavirus Contracted in Correctional Facility appeared first on The Orlando Advocate.
The mayor of Phoenix said it feels like the federal government is \"declaring victory while we're still in crisis mode.\"
[SAnews.gov.za] The Portfolio Committee on International Relations and Cooperation has expressed concern at the potential effect the Bushiri escape may have on diplomatic relations between South Africa and Malawi.
A visit to Nappily Naturals Apothecary is a guided experience with a sense of community and respect. In large part, because the staff is family. “Black people have an opportunity to spend their money with whomever they want. Our job is to treat them in such a way, where they want to spend it with us. It’s an honor,” explained Umaar Askia, Nappily Naturals co-owner.
Image: Aly Song/Reuters
Chinese technology giant Tencent Holdings will invest 500-billion yuan (about R1.2-trillion) over the next five years in technology infrastructure including cloud computing, artificial intelligence and cybersecurity, the company said on Tuesday.
The announcement comes after call by Beijing last month for a tech-driven structural upgrade of the world’s second largest economy through investment in “new infrastructure” and a boom in demand for business software and cloud services.
Expediting the ‘new infrastructure’ strategy will help further cement virus containment success
Tencent, which is 31.2% owned by South Africa’s Naspers, is best known for its WeChat messaging app and a range of popular games but is aiming to expand into business services as consumer Internet growth slows and companies shift number-crunching from their own computers to the cloud.
Tencent has said while cloud businesses suffered amid the Covid-19 outbreak it expected to see accelerated cloud services and enterprise software adoption from offline industries and public sectors over the longer term.
18% share
“Expediting the ‘new infrastructure’ strategy will help further cement virus containment success,” Guangming Daily quoted Tong as saying.
The fixture for the 2020 HERO Caribbean Premier League (CPL) has been released with last year’s beaten finalist the Guyana Amazon Warriors playing the first match against hosts, Trinbago Knight Riders at the Brian Lara Cricket Academy, Tarouba from 10.00 hours.
The article GAW to face TKR in CPL 2020 opener appeared first on Stabroek News.
BY PATRICIA SIBANDA EPIDEMIOLOGY and disease control director in the Health and Child Care ministry, Portia Manangazira, has emphasised on the need for the unification of traditional and conventional medicines in the fight against the COVID-19 pandemic. Addressing a workshop in Bulawayo on Wednesday, Manangazira said there was need to ensure the maximum use of locally available medicines and herbs in the supportive care and management of COVID-19 patients. She said her ministry had harnessed traditional medical practitioners, conventional medical practitioners and their communities together so that dual intervention is done to mitigate COVID-19. “So we must start, we should have continued and furthered that, and today, we would be having even a large manufacturing plant which we say, it's our marula tree or some other nutritious shrub,” she said. “Sometimes we end up having healthy animals and malnourished people and we haven’t really explored that. All I am saying is, we are living and failing to utilise our locally available medicines.” She said it was worrisome that the ministry had not taken traditional medicine on board. “We do have a lot of herbs and they form raw materials for the pharmaceuticals. If I heard correctly, the International Traditional Healers Association leader said uMsuzwane has got some anti-ceptive properties, a bit disappointing is that we have not taken our traditional medicine a step further so that we describe and display the content and the ingredients in the market places.” Manangazira said the late former Health minister Herbert Ushewokunze attempted to introduce the system, but died before his ideas were adopted. “I think we are also in the right place because at some time, we had a former Minister of Health, the late Herbert Ushewokunze. He operated the Marondera Clinic here in Bulawayo and that clinic was unique. It would treat you for modern medicine if you so wished or for traditional medicine and he had labels on his containers, but he died and that practice also died with him,” she said.
[Premium Times] The police confirmed the kidnap and said they were working hard to free the APC leader.
By Chris Bumbaca, USA Today Fred Dean, Pro Football Hall of Fame inductee and two-time Super Bowl winner, died Wednesday at the age of 68. Although sacks did not become an official recorded stat until the twilight of his career, Dean was a prolific and feared pass-rusher during his 11-year career between the San Diego Chargers […]
President Donald Trump is taking a ‘glass half full’ approach to the coronavirus pandemic. The United States COVID-19 death toll... View Article
The post Trump implies high COVID-19 case numbers, herd immunity is 'terrific' appeared first on TheGrio.
Joe Biden's statement on Kamala Harris pick for Vice President You make a lot of important decisions as president. But the first one is who you select to be your … Continued
The post Joe Biden speaks on 'My Running Mate Selection' appeared first on Chicago Defender.
As SA waits for another 'family meeting' with the president, dates for the reopening of our international borders are up for discussion at Level 1.
[allAfrica] As of December 3, the confirmed cases of Covid-19 from 55 African countries have reached 2,201,303. Reported deaths in Africa have reached 52,581 and recoveries 1,866,301.
Nigeria’s largest medical union asked striking members in the commercial capital Lagos to go back to work on Thursday.
This ends a strike over alleged police harassment of doctors as they travelled to and from work during a night curfew.
The Nigerian Medical Association (NMA) doctors union, which ordered Lagos members to cease work the day before, said the issue had been remedied.
The doctors will now be exempt from the nationwide overnight curfew and will therefore be allowed to move freely by police.
In a statement, the NMA Lagos branch said the industrial action “is reversed and members are hereby directed to resume work from 6 p.m. Thursday evening”.
By STAN CHOE and ALEX VEIGA AP Business Writers Wall Street is rallying toward record highs again Thursday on expectations that the Democratic sweep of Washington means more stimulus is likely on the way for the economy. The S&P 500 was 1.5% higher in the first trading after Congress confirmed Joe Biden as the winner of the presidential election and Jon Ossoff was declared the winner of a Georgia runoff election, tipping control of the Senate to Democrats. The Dow Jones Industrial Average was up 240 points, or 0.8%, at 31,069, as of 2:57 p.m. Eastern time, and the Nasdaq […]
The post Wall Street keeps rising on Democratic wins, stimulus hopes appeared first on Black News Channel.
Sierra Leone Telegraph: 06 January 2021: Output in the Sub-Saharan Africa region contracted by an estimated 3.7% in 2020, as the COVID-19 pandemic and associated lockdowns disrupted economic activity. As a result, per capita income shrank by 6.1% in 2020, setting average living standards back by at least a decade in a quarter of Sub-Saharan…
(Reuters) - American Olympic 100 metres hurdles gold medallist Brianna McNeal has been charged and provisionally suspended for violating World Athletics’ Anti-Doping rules, the Athletics Integrity Unit (AIU) said on Thursday.
The article Olympic hurdles champion McNeal suspended for violating anti-doping rules appeared first on Stabroek News.
Toya Bush-Harris's latest glam shot caused a commotion in her comments section on Jan. 11 after the 'Married to Medicine' star revealed the hit Bravo […]
CHICAGO (AP) — Chicago’s police superintendent said Monday that he plans to flood the city’s streets with additional officers during the long July 4 weekend in an effort to avoid a repeat of particularly bloody recent weekends and despite pressure to keep officer overtime to a minimum.
“We didn’t do it last weekend and the Memorial Day weekend,” Superintendent David Brown said of the two weekends that ended with a combined total of 111 people being shot, 24 fatally.
“We’re pleading (with the court system) to keep them in jail for the weekend,” he said, explaining that the people arrested for dealing or buying drugs on street corners may not be charged with violent crimes, but that such activity often leads to gun fights between violent gangs.
There is no doubt that the July 4 weekend stands as the biggest test for Brown since he become superintendent two months ago, largely because the bloodshed over the long Memorial Day weekend — when 49 people were shot, including 10 who died — was widely viewed as a failure in his first major test on the job.
While mayors are typically reluctant to criticize superintendents so early in their tenure, Mayor Lori Lightfoot didn’t mince words after Memorial Day weekend, though she has since maintained that she still has confidence in Brown.
By Hazel Trice Edney (TriceEdneyWire.com) - Black and Latino communities throughout the United States have disproportionately suffered the most devastating impacts of the coronavirus, including a higher rate in deaths, underscoring inequities in the nation’s health care system and the broader society. In New York state, for example, African-Americans make up 14 percent of the population, […]
The post Health Insurers Must Answer for COVID-Related Disparities Devastating Black and Latino Communities appeared first on Milwaukee Community Journal.
Those who feel most vulnerable to the novel coronavirus disease—COVID-19 —are moving with extreme caution, while others are ignoring social distancing guidelines and protesting mask-less for business to reopen as usual.
Front and center are large groups of mostly White people, and few others, captured by the media protesting in mass with signs and bullhorns outside of statehouses demanding legislators to lift orders and reopen immediately.
Since reports have indicated that African Americans are being impacted disproportionately by COVID-19, do White people ostensibly feel safer?
Is there some misperception that if they —White people—live, work and attend schools in disproportionately White communities, they are less likely to contract a virus that disproportionately impacts and kills Black people who live somewhere else?
, chair of the
Congressional Black Caucus, told reporters not long ago that it is dangerous for COVID-19 to be classified as a Black disease.
By BEN NADLER Associated Press ATLANTA (AP) — Preethi Gowrishankar was never really politically active before this year. But watching polarization increase during President Donald Trump's administration changed that. The 27-year-old data scientist put on a face mask and stood in line on a recent sunny but cold day in Atlanta to cast a ballot early for Democrats Jon Ossoff and Raphael Warnock ahead of Georgia's Jan. 5 runoff elections that will determine control of the U.S. Senate. 'We've seen in the last four years what apathy leads to and where it can get us,' she said. 'So I've tried […]
The post Turnout among young voters key to Georgia Senate runoffs appeared first on Black News Channel.
With Georgia “Running Out Of Time” On COVID Response, Kemp Bans Mask Orders Keeping Georgians Safe Georgia “Headed For A Crisis” As Kemp Bans The Public Health Guidance That Would Slow The Spread ATLANTA - Yesterday, after performing for Donald Trump’s ego at a campaign stop, Brian Kemp took his dangerous disregard for human … Continued
The post Kemp bans mandatory mask orders for keeping Georgians safe appeared first on Atlanta Daily World.
