14 01 20

first_imgAs part of its effort to promote Liberia’s investment opportunities, the National Investment Commission (NIC), has entered into an agreement with Liberty Finance, a Liberian micro finance institution. The Agreement called for the provision of financial opportunities to medium and small investors across the country.In a chat with journalists recently at his Mamba Point office in Monrovia, NIC Chairman Michael S. Wotorson said his entity wants to place a great deal of focus on Liberian Institutions and businesses.The exercise, according to Wotorson, is to promote Liberian businesses but also not to discriminate against foreign businesses.He said, it was important to provide more opportunities for Liberian businesses and institutions to strengthen the country’s financial capacity.“If you invest in medium and small businesses to expand and stand stronger, you will change economic growth for the better, because you are providing opportunities for many people at a lower level.”“What I try to do at the NIC is to place a great deal of focus on our interactions with Liberian institutions and businesses, not that I want to discriminate against foreign businesses. I think it is extremely important that we provide more financial spaces for Liberian institutions,” he added.At NIC, Mr. Wotorson said, there is something his administration formulated called the ‘special investment incentives.’  “This package is a basic idea that when a business comes to us, and before we even look at the owner’s application, we require you to go out and enter into a relationship with a technical vocational Educational institution, like the Liberia Opportunities Industrialization Center (LOIC) or the Monrovia Vocation Training Center (MVTC), and establish an agreement with them.”Thereafter, he said, the NIC had requested foreign investors to hire certain number of graduates from these training centers and subsequently promote those graduates to leadership and managerial positions in a way that will be monitored and quantified.“So we actually tell you that within a certain period of time that we want to see [certain] number of people you took from LOIC placed in these kind of positions, and we don’t let you agree verbally but we allow you sign an agreement with LOIC or MVTC and bring that agreement to us,” he indicated.He said the NIC also wants foreign investors set up agreements with businesses that are majority (at least 51%) owned by Liberians, to procure as many of their needed items as possible. “Lastly, we will require you to sign an agreement with us that says everything we require you to do, you will agree to do it. Once we have done all of those things, we will now look at your application and evaluate it and determine whether  or not you are eligible and you receive a special investment incentive, the NIC Chairman said.Share this:Click to share on Twitter (Opens in new window)Click to share on Facebook (Opens in new window)last_img read more

20 11 19

first_imgFree-scoring Arsenal replaced Chelsea as Premier League leaders as goals either side of half-time by Theo Walcott and Mesut Ozil helped them recover from a slow start to beat Stoke City 3-1 on Saturday.A rash challenge by Granit Xhaka on Joe Allen gave Charlie Adam the chance to put Stoke ahead from the penalty spot after 29 minutes and the Scot dispatched his spot-kick with ease.Arsenal raised their game and equalised three minutes before the break when Walcott stabbed in Hector Bellerin’s low cross.Ozil’s looping header over stranded Stoke keeper Lee Grant put Arsenal ahead five minutes after the interval before substitute Alex Iwobi ran through to give Arsenal the two-goal victory they needed to top the table on goals scored.PALACE HOLD HULL IN THRILLERCrystal Palace played its part in another English Premier League thriller by scoring an 89th-minute equalizer to salvage a 3-3 draw at Hull on Saturday.Substitute Fraizer Campbell grabbed the last of five second-half goals at KCOM Stadium to rescue Palace, which lost 5-4 at Swansea two weeks ago in its previous away game.Hull, which climbed to third from bottom, went ahead through a 26th-minute penalty from Robert Snodgrass before Christian Benteke equalized in the 53rd, also from the spot.Wilfried Zaha scored from a long-range strike to put Palace 2-1 in front but Hull hit back with goals by Adama Diomande and Jake Livermore in the 72nd and 78th minutes, respectively.With both teams piling forward in an end-to-end match, Zaha sent in a cross and Campbell – a former Hull player – headed home.advertisementHull remained with just one win since August. Palace was three points clear of the relegation zone.SWANSEA HAMMER STRUGGLING SUNDERLANDUnder-fire manager Bob Bradley had his best day so far in the English Premier League as Swansea beat fellow struggler Sunderland 3-0 to move out of the relegation zone on Saturday.The American coach came into the home game with only one win in his seven matches in charge, and Swansea at the bottom of the league table.But the Swans surged to their biggest win of the season with three goals after the interval – a second-half penalty from Gylfi Sigurdsson and a Fernando Llorente double.The win moves Swansea up three places to 17th with 12 points from 15 games. It will drop back into danger if West Ham gets a point or more at Liverpool on Sunday.BURNLEY OUTCLASS BOURNEMOUTH IN FIRST EPL MEETINGJeff Hendrick’s dipping volley helped Burnley to a 3-2 victory over Bournemouth in the first-ever top-flight encounter between the English Premier League sides on Saturday.It was an unhappy return for Eddie Howe, who left Bournemouth to manage Burnley in 2011 and 2012 before returning to the south-coast club.Burnley has relied on its home form to stay out of the relegation zone, collecting 16 of its 17 points in the first 15 games at Turf Moor.Hendrick’s stunning opener and Stephen Ward’s sliding shot sent Burnley into a 2-0 lead by the 16th minute. Benik Afobe pulled one back in first-half stoppage time and it took George Boyd until the 75th to restore Burnley’s two-goal cushion.Bournemouth briefly threatened to emulate its late comeback victory over Liverpool last weekend when Charlie Daniels netted in the 90th. This time, though, not even a point could be salvaged.Bournemouth is a point ahead of Burnley in 11th place.(With inputs from AP)last_img read more

17 10 19

first_imgCALGARY (660 NEWS) — It’s been 25 years since Hutu’s went on a killing spree, bent on eliminating Tutsi people.Between April and July in 1994, more than 800,000 people were killed in the Rwanda genocide. Melchior Cyusa was just nine-years-old when his family received the news that Rwanda and Burundi’s presidents had died in a plane crash over the radio, the day was April 7, 1994.Within hours, he was separated from his immediate family, forced to flee from Hutu persecutors on foot with his aunt, narrowly escaping a massacre in the village he was seeking refuge in.“The Hutu extremists killed my aunt and her daughter, and they took my aunt’s maid because they recognized her as being from the area.I went and hid myself, and they came looking for me but fortunately they could not find me,” he said.“Since they didn’t know where I went, they gave up.When I came out there was nobody, and I had to start my way back home.”On his journey home, he saw the “true picture of the genocide” — bodies of dead Tutsis were scattered on the road. “I wasn’t sure I would make it back.” From left to right, Chairperson of the African Union Commission Moussa Faki Mahamat, Rwanda’s President Paul Kagame, Rwanda’s First Lady Jeannette Kagame, and President of the European Commission Jean-Claude Juncker, light the flame of remembrance at the Kigali Genocide Memorial in Kigali, Rwanda, Sunday, April 7, 2019. Rwanda is commemorating the 25th anniversary of when the country descended into an orgy of violence in which some 800,000 Tutsis and moderate Hutus were massacred by the majority Hutu population over a 100-day period in what was the worst genocide in recent history. (AP Photo/Ben Curtis) Cyusa along with other survivors are hoping their stories will correct the false narratives perpetrated by deniers during the UN International Criminal Tribunal trials. The tribunal listened to more than 3,000 witness accounts, but only 61 people were convicted and sentenced for slaughtering nearly one million people.“We just saw what happened in Myanmar, and so what people could remember is to reflect on what happened in Rwanda 25 years ago,” he said, it was the last genocide of the 20th century. “From there, they could think about what could be done for their societies for subsequent generations.”The RCSC will mark the anniversary of the genocide with a memorial ceremony at Mount Royal University’s Wright Theatre from 3 to 6 p.m. on April 13. Tim Gallimore, a former spokesperson for the prosecutor of the UN ICTR, will speak at the ceremony to educate the audience on the effects of genocide.He will also present at another event organized by the University of Calgary’s Faculty of Social Work taking place at the Glenbow Museum Theatre on April 11 from 6:30 to 9:30 p.m. He will focus on the role of Rwandan media in spreading propaganda and hate to prepare and execute the genocide.center_img He later learned his father, mother and his siblings had all been killed. Orphaned, he became a refugee in Kenya for eight years before the UN relocated him to Canada. Now he resides in Calgary and has visited home just a handful of times since the genocide ended.“The first time I went, I didn’t know what to expect because when I left Rwanda the country was literally destroyed — there was no infrastructure, people had lots of anger in themselves, one against the other,” he commented. “So when I went (after the genocide) I could see the difference in the way people lived together and with one another.”Cyusa now heads the Rwandan Canadian Society of Calgary, a community organization that is dedicated to preserving Rwandan culture and values. It’s more than that though, it brings together survivors and offers a place to reflect on the atrocities committed, mourn the loss of loved ones, and focus on educating the public with the aim of preventing genocides in the future.“The concept ‘Never Again’ — if it can be talked about, remembered from time to time, then we may not see what happened to Rwanda coming back in the history of humanity,” he said. FILE – In this Friday, April 4, 2014 file photo, the skulls and bones of some of those who were slaughtered as they sought refuge inside the church are laid out as a memorial to the thousands who were killed in and around the Catholic church during the 1994 genocide in Ntarama, Rwanda. Officials said Thursday, Dec. 10, 2015 that 53-year-old Rwandan Ladislas Ntaganzwa, who is wanted in connection with the country’s 1994 genocide and has a $5million bounty on his head, was arrested by Interpol agents in the neighboring Congo city of Goma late Monday. (AP Photo/Ben Curtis, File)last_img read more