Archive for December 25th, 2007

source: Foxbusiness

DENVER, CO, Dec 24, 2007 (MARKET WIRE via COMTEX) — Zulu Energy Corp. (OTCBB: ZLUE) today announced the closing of agreements resulting in Zulu Energy becoming the owner of all of the stock of Nyati Mauritius Limited. Nyati Mauritius’ indirect wholly-owned subsidiary, Nyati Energy Resources Botswana (Proprietary) Limited, holds exploration licenses in Botswana. Zulu Energy acquired its interests based on management’s belief in the potential for a significant Coalbed Methane project in the lease area.

In connection with the share acquisition, Zulu issued 30 million shares of its common stock and agreed to pay an aggregate of $3 million in cash and to issue a five-year warrant to purchase 15 million shares of Zulu common stock. Zulu must raise a minimum of $5 million in private financing or a portion of the transaction may be rescinded.

Paul Stroud, President and CEO of Zulu Energy, said he is pleased to [continue reading]

source: allAfrica
Business Day (Johannesburg)

OPINION
24 December 2007
Posted to the web 24 December 2007

George Katito
Johannesburg

SEVERAL African countries made notable progress towards good governance this year, and there is reason to be optimistic that this trend should continue.

Nevertheless, as governance crises persist in Zimbabwe and the Horn of Africa, and as Chinese investors make fewer demands on African countries to respect democratic principles, optimism on the future of good governance in Africa should be tempered with caution.

The overriding trend over the year was towards democratic and peaceful changes of political leadership. During the year, 22 African countries held elections that were predominantly peaceful and declared “free and fair”.

Notably, Sierra Leone’s presidential election saw an opposition leader carry 55% of a national vote that, while affected by violence, was widely [continue reading]

Manage land appropriately

source: BOPA
24 December, 2007

MOLEPOLOLE – Kweneng Land Board members were advised to manage land appropriately with dignity. Deputy Director of Directorate of Public Service Management (DPSM), Ms Pearl Matome, said land board was mandated to identify land, demarcate and allocate it, and simultaneously keep a record of property and ownership.

Ms Matome was speaking at a joint consultative meeting of labd boards in the Kweneng District in in Molepolole on Tuesday.

She reflected on the responsibility of the land board to resolve conflicts arising thereof.

She encouraged team work spirit and criticised people who had a tendency of burdening themselves with multiple duties in the work place when other employees were left hands free.

She said such organisations where other members were normally left out and not given recognition were dysfunctional and could not progress.

On the public relations of the office, Ms Matome said availability of [continue reading]

source: ZimOnline
by Thulani Munda Tuesday 25 December 2007

HARARE – Zimbabwe’s central bank has offered to reward whistleblowers for information that could lead to the arrest of illegal cash barons and retail operators charging premiums on customers wishing to pay by cheque.

The Reserve Bank of Zimbabwe (RBZ), which has accused top officials of President Robert Mugabe’s ruling ZANU PF party and government of hoarding cash, did not say how much informers would be paid.

The latest offer to informants comes in the wake of cash shortages that have hit the country despite the RBZ printing new higher denominated banknotes and banks remaining open over last weekend.

“The Reserve Bank of Zimbabwe is calling on all patriotic Zimbabweans who have been [continue reading]

source: BOPA
24 December, 2007

MOLEPOLOLE – Kweneng District Council Chairperson, Mr Patrick Manthe, has thanked councillors, public servants, public in general and the private sector for industrious service delivery and project implementation this year.

Mr Manthe said through their hard work, council was able to start 51 of the 55 projects which were approved for implementation this year.

Speaking at the Chairpersons Christmas Ball on Dec 20, he said that translates to 93 per cent compared to the previous years where they could only start in the region of 50 per cent of projects in any given year.

He said most of the projects were complete while more than half of them were over 80 per cent complete.

But he said the council still have problematic projects which seemed not to be getting on course but said he was optimistic that with the cooperation they have been exhibiting they would solve everything.

Mr Manthe said Ministry of Local Governments organisation and methods restructured local authorities resulting in [continue reading]

source: allAfrica
Rwanda News Agency/Agence Rwandaise d’Information (Kigali)

24 December 2007
Posted to the web 24 December 2007

Kigali

Late one night, Mr. Jean Leonard Karuranga heard a commotion outside his house in Kigali, Rwanda. There were loud voices and then a sharp cry. Too scared to venture outside alone, Mr. Karuranga used his mobile phone to call a local security group that protects the neighbourhood from marauding gangsters.

Now, as Mr. Itai Madamombe writes in the United Nations Africa Renewal magazine, Mr. Karuranga is set to benefit from a host of fast and reliable services that the new broadband cable projects being constructed on the African continent will bring along.

“The defence force found my cousin bleeding right outside my gate. Thugs had stabbed and robbed him,” Karuranga said. “We rushed him to the hospital just in time. If I didn’t have a cell phone, we would be talking of something else. He was saved by the mobile phone.”

Mr. Karuranga is one of an estimated 120 million Africans using phones, up from just 2 million in 1998. Mobile phones, reports the [continue reading]