CBL Begins Developing Collateral Registry

first_imgThe government of Liberia through the Central Bank of Liberia (CBL) has begun the development of a Secured Transactions/Collateral Registry program in the country.The registry, which is purely an electronic program, is expected to be formally inaugurated in June this year, to register movable assets that debtors would want to put forth as collateral to lenders.It is being developed by the CBL with technical support from the International Finance Corporation (IFC) to enhance increase financial access to small medium enterprises (SMEs) that do not have the type of collateral required by banks to access loan.Speaking at a one-day stakeholders meeting with economic journalists in Monrovia on Friday, the head of the Registry, Mrs. Euphemia Gbadee Teeta Swen Monmia, said the registry will be seated at the CBL and will allow users to access information online in real time. She declared that the CBL will set up computer facilities at key stations across the country to allow businesses and ordinary people to learn about the program and make decision.Giving some details about the registry, the registrar noted that the secured transaction registry will create opportunity for debtors to use their movable assets such as cars, equipments and other household and agricultural materials as collaterals in order to access loans for their businesses.“Some of the benefits of the registry are that it increases access to credit and reduces risk of credit, reduces cost of credit, promotes credit diversification and increases market competition,” Mrs. Monmia added.She stressed that the role of the registry will be to primarily register debtors’ movable collaterals so that lenders are able to easily access those assets and to ensure that the same assets are not offered as collateral to other lenders.Mrs. Monmia noted that the establishment of the collateral registry is part of the mandate of the CBL as enshrined in the Central Bank of Liberia Act of 1999, and specifically consistent with Section 55 of said CBL Act of 1999 and Section 39 of the Financial Institutions Act of 1999.She declared that the establishment of the registry is also pursuant to Chapter 5 of the Liberian Commercial Code.Also speaking, Deputy CBL Executive Governor for Economic Policy Boimah Kamara observed that the collateral registry is a new business model being introduced in Liberia that would enhance financial access to businesses and bring transparency between the borrowers and lenders.“This exercise is intended to bring transparency between borrowers and lenders. For example, you can’t take a loan from bank ‘A’ and use the same collateral to borrow from bank ‘B’. But, the movable assets will be registered in the system for all of its users to see,” said Mr. Kamara.Some of the movable assets the collateral registry will registered include bank accounts, account receivables, vehicles and equipment for industrial use, agricultural products such as crops and livestock, consumer and household goods and inventory and raw goods, amongst others.Immovable assets such as land and real estate buildings will not be captured in the registry as they are mainly required by banks as collateral for loans, the registrar 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

Fort St. John Fire Department hosting Fire Prevention Week kickoff BBQ

first_imgFORT ST. JOHN, B.C. – The Fort St. John Fire Department will be kicking off Fire Prevention Week this year with a fun-filled barbeque and information session.Fire Prevention Week has been held every year by local fire departments across North America to help citizens learn how to prevent fires at the homes and workplaces. The event’s origins come from the aftermath of the Great Chicago Fire of 1871 that burned over ¼ of that city to the ground. This year’s theme is “Don’t wait, check the date.” Fire Inspector Alan Stobbe says that while many businesses have mandatory annual fire inspections, homes often don’t, and homeowners need to educate themselves on which pieces of their protection equipment comes with expiry dates. He says that household smoke and carbon monoxide dectectors usually aren’t guaranteed to work after ten years, and older units should be replaced. In addition, detectors and extinguishers should be checked annually to ensure that they are working properly.The Fire Department will be holding the annual event at the Home Hardware parking lot this Saturday from 10:00 a.m. until 4:00 p.m. Stobbe says that the event will feature a bouncy castle, barbeque, and a Fire Prevention House exhibit, which will feature hands-on prevention elarning for kids including teaching them how to safely evacuate a smoke-filled building.- Advertisement -The Fire Department will also be raising money for local charities. For more information, check out the Fort St. John Home Hardware Facebook page.last_img read more

Video: Pirlo turns talent judge, and he’s not impressed!

first_imgAndrea Pirlo is not easily impressed, as this brilliant video posted by Juventus shows.last_img

Fire sets off ammunition in storage container near Palmdale

first_img AD Quality Auto 360p 720p 1080p Top articles1/5READ MOREBasketball roundup: Sierra Canyon, Birmingham set to face off in tournament quarterfinals160Want local news?Sign up for the Localist and stay informed Something went wrong. Please try again.subscribeCongratulations! You’re all set! PALMDALE, Calif. (AP) — A fire set off ammunition in a storage container early Thursday but no one was injured, authorities said. Arson investigators were looking into the cause. Firefighters initially had to remain a safe distance away as the small-arms ammunition exploded, said Capt. Mark Savage of the Los Angeles County Fire Department. The fire began about 4:10 a.m. near the intersection of the Sierra and Pearblossom highways south of Palmdale. It was put out in about 90 minutes.last_img read more

National parks still best deal

first_imgWASHINGTON – People can find good deals in the national parks this summer despite tight budgets, rising fees and a huge backlog of maintenance work. Throughout most of the National Park System, visitors do not have to pay any entrance fees. Only 21 of the 147 with fees raised rates this year, by an average $1 per person and $5 per car. The system includes 390 parks, monuments, battlefields, recreation areas, historic sites and other areas. For those who want to avoid lines and crowds, 26 of the 58 national parks had fewer than a half-million visitors last year. By comparison, the 10 busiest each attracted between 2 million and 9 million visitors. AD Quality Auto 360p 720p 1080p Top articles1/5READ MOREBasketball roundup: Sierra Canyon, Birmingham set to face off in tournament quarterfinalsAmong the less-trodden parks, 14 charge no entrance fees. Many are in Alaska, home to the continent’s biggest array of glaciers. “If you compare it to the cost of many public attractions this year, everything from Disney World to a football or baseball game, it’s still an incredibly good buy. Especially since it is free at the vast majority of parks,” parks spokeswoman Elaine Sevy said. 160Want local news?Sign up for the Localist and stay informed Something went wrong. Please try again.subscribeCongratulations! You’re all set!last_img read more

Bill would cancel Cemex lease

first_imgSANTA CLARITA – Rep. Howard “Buck” McKeon said Wednesday he will introduce a bill in Congress today to cancel Cemex’s lease to mine 56.1 million tons of sand and gravel in Soledad Canyon – a project the city has spent $6 million battling – and limiting any future mining at the site to historic levels of 300,000 tons a year. But McKeon, R-Santa Clarita, acknowledged in a phone interview the measure’s chances of passage are slim. Still, it was time to take action, he said. “We held off introducing the bill, trying to work out a solution between the city (of Santa Clarita) and Cemex,” McKeon said. “When it appeared Cemex was probably not going to support the legislation, we had to move ahead.” McKeon advised Cemex’s President Gilberto Perez of the move in the past couple of weeks, but the news failed to yield a compromise from the company, which earlier this month said plans are under way to start mining in the next two years. AD Quality Auto 360p 720p 1080p Top articles1/5READ MORE11 theater productions to see in Southern California this week, Dec. 27-Jan. 2The Mexico-based Cemex’s U.S. holdings include 12 cement plants, 270 ready-mix operations and 40 terminals. U.S. sales of $1.04 billion in 2005 surpassed those in Mexico for the first time, said company spokeswoman Susana Duarte earlier. “It’s a gold mine – in aggregate – but it’s a gold mine,” McKeon said. If the bill is passed, mining leases signed between Cemex and the Bureau of Land Management in 1990 would be canceled and the company would be reimbursed for its “expenses and their troubles,” McKeon said. In 2000, the agency awarded Transit Mixed Concrete Co. mining contracts for 20 years in return for $28 million in royalties; Cemex later bought TMC. The proposed mine is in county territory between Canyon Country and Agua Dulce, but the city has battled it claiming it will pollute Santa Clarita’s air and add heavy truck traffic to local roads. The county had rejected the mine, but conceded when Cemex filed a lawsuit in federal court. County supervisors granted the mining permit in June 2004 under a court-approved consent decree, which was upheld by the 9th U.S. District Circuit Court of Appeals in February. While talks continued behind the scenes, the city lodged three lawsuits against Cemex – among the top three cement makers worldwide. The city bought the land above the mine and is attempting to annex 1,885 acres, which includes the area where the mine is proposed. If residents of the Stonecrest neighborhood decide to annex into the city, officials could use the territory as a land bridge to the acreage above the mine. Cemex filed a lawsuit in state court in December, challenging an environmental review in the city’s annexation proposal. Cemex expects to begin operating the mine in 2008 and could mine 70 million tons of sand and gravel over the next 20 years, with up to 1,200 truck trips a day in and out. In the first decade, 2 million tons could be mined each year, increasing to 4 million to 5 million tons a year over the next decade. McKeon said his efforts over the past two years to try to strike a compromise between the city and Cemex have stalled, and last year, the BLM’s director, Kathleen Clark, told him the agency could not work on the deal. “The bill is controversial. It sets a precedent the BLM would not want to see established,” McKeon said, acknowledging its chances of passage are not very high. “This bill will have a rough time getting out of House. Cemex will furiously oppose the bill.” Cemex’s options are many. The company could contact Congress members who represent districts where the company has interests or it could hire lobby firms and form a partnership with the BLM. To pass the bill, the government would have to buy out the contract. McKeon said the agency would not want to give up the money. The congressman presides over one of the biggest geographical districts in California, which includes the most BLM acreage in the state. Searches for comparable mineral deposits in McKeon’s district or adjoining areas failed to match the size of Santa Clarita’s deposit – the second largest deposit was 3 million tons, and with high transportation costs, proximity to the huge demand in Southern California is critical. McKeon said he has followed through with the bill to be responsive to his constituent, the city. “While I think it has a very slim chance of passing, that doesn’t mean I don’t give it my best effort,” he said. “It might help in furthering some negotiation between the city and Cemex.” judy.orourke@dailynews.com (661) 257-5255160Want local news?Sign up for the Localist and stay informed Something went wrong. Please try again.subscribeCongratulations! You’re all set!last_img read more


first_imgConvoy GAA NotesBingo continues in Hall in Tues at 8.30 Club lotto 30-9-14 Counties drawn DB LS MH TE, 1 person matched 3, Gretta Gillen Convoy. Jackpot next week €4250.St Marys are hosting a Halloween Disco for primary school children more details to follow. A.G.M will take place in November.Thanks to all who helped on Saturday morning at the Clubs annual Clean –Up special word of thanks to the Pramerica team who gave their time also .Training for Senior Ladies on Wed at 7 and Fri at 7.30 Check FB for match updatesGaelic for Mothers and Others wed at 8.15 new players always welcome. Training on Friday for the underage 6 to 7. Please bring €2 and gum shield. Can All Coaches make themselves available thanks as we have large numbers attending.St. Mary’s u13 had a great win in their last league game v Malin on Wednesday night. St. Mary’s lead by 5 pts at half time with the goals from Aaron Foy, PJ McDaid and Oisin Guthrie. A strong 2nd half meant we ran out convincing winners with strong performances from keeper Jordan Gallagher, defenders Patrick Patton and Liam Toye. Man of the match goes to PJ McDaid for his tireless work and great score taking. This victory means we have qualified for a Shield final. Details for this are still not finalised so Training continues on Thursday at 6.15.It’s been a tough week for the club as we suffered defeats for u 16 girls in Semi-Final v Gweedore on Sat hard luck girls a fine team so keep up the hard work.Minor Boys were defeated in Championship semi away to Buncrana great game of football with an excellent team performance unlucky in the end.Our Seniors were Defeated away to Letterkenny Gaels which ended their chances of earning a promotion playoff place On a more positive note Our Reserves retained the Div Four reserve league title for the second year running well done to Hugh ,Cathal and all the team. St Marys Reserve result St Marys 2-17 LK Gaels 4-4.Letterkenny Gaels 2-10 St Marys Seniors 1-10St Marys were away to Gaels on Sat evening and needed a win to secure a promotion playoff spot Anthony Browne opened the scoring for the visitors 0-1 to 0-0 Gaels quickly reply with a goal to go ahead 1-0 to 0-1 but points from John.A.Kee and Ryan Kettle bring the sides level 1-0 to 0-3 .Gaels settle in to the game and with 3 unanswered points stretch their lead to 1-4 to 0-3 Anthony Browne points for St Marys and Gaels reply 1-05 to 0-4 Laurence Mc Mullan points for visitors with Gaels pointing again 1-06 to 0-5 Ryan kettle sends two over the bar for St MarysHalf Time LK Gaels 1-06 St Marys 0-7 J.A.Kee points for the visitors St Marys 0-8 Gaels 1-06 Gaels reply 1-07 to 0-8 a point for Anthony Browne brings the score to 1-07 to 0-9 but a well taken goal for Gaels see them go ahead 2-0 7 to 0-9.Anthony Browne points followed by a Goal from Gavin Sweeney to side the sides go level 2-07 to 1-10 Gaels dig deep and with 3 points run out the winners.Final Score LK Gaels 2-10 St Marys 1-10GAA NEWS: CONVOY U13’S SECURE GREAT VICTORY AGAINST MALIN was last modified: October 7th, 2014 by Mark ForkerShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window)Tags:convoyGAANoticesSportlast_img read more

Kobs seek early advantage over South Sudan in AFCON Qualifiers

first_img Tags: 2019 U23 AFCON QualifiersSouth Sudantopuganda kobs The Kobs last featured in a competitive game back in 20152019 U23 AFCON qualifiersUganda vs South SudanStarTimes Stadium, LugogoWednesday, 14-11-2018 @04:00pmLUGOGO – The Uganda Kobs will hope to take all three points when they host their South Sudan counterparts in the first leg of the U23 AFCON Qualifiers at the StarTimes Stadium in Lugogo on Wednesday afternoon.The Kobs who are playing their first competitive match since 2015 will be expected to get past South Sudan as the visitors are just setting up their underage structures.“We have prepared well in the past week, said Australian based Trevor Semakula.“The boys are motivated and am positive we will get a positive result.The technical team which is led by Tooro United head coach Wasswa Bbosa has talent in abundance to choose from but the core of the side that represented the nation in the U20 AFCON Qualifiers this year is expected to feature on Wednesday.KCCA FC trio of Allan Okello, Julius Poloto and Mustafah Kizza are all expected to start along with Geoffrey Wasswa, Mustapha Mujuzi and Steven Mukwala. All six featured prominently for the U20 earlier this year.The selection headache for the technical team will be choosing who starts in between the sticks on Wednesday. The squad features KCCA’s Tom Ikara who has been playing second choice to Charles Lukwago and featured in several important games for his club including two in the CAF Champions League.The other is Proline’s Saidi Keni who was brilliant for the U20 side a couple of months ago.Whoever the tacticians choose to start with, Uganda will be assured that they have a credible shot stopper in goal.For South Sudan, their target will be not to concede so many on Wednesday.They have had ample time to prepare for the game, camping in Gulu for some time before setting off for Kampala.Match Stats:This is the first game between the two sides.Both sides have never qualified for the U23 finals proper.Uganda defeated South Sudan at the start of the year in the U20 8-1 on aggregate including a 5-1 win on the same stadium in the first leg.The last time Uganda featured in the U23 qualifiers, they were eliminated by Muhammad Salah’s Egypt 6-1 on aggregate including a 2-1 loss in Kampala.Uganda U-23 Final 23 Man team:Goalkeepers: Tom Ikara (KCCA FC, Uganda), Saidi Keni (Proline FC, Uganda), Mathias Muwanga (Express FC, Uganda)Defenders: Ronald Kigongo (URA FC, Uganda), Bashir Asiku (Vipers SC, Uganda), Hassan Musana (KCCA FC, Uganda), Mustafa Kizza (KCCA FC, Uganda), Musitafa Mujuzi (Proline Fc, Uganda), Rashid Toha (Onduparaka FC), Geofrey Wasswa (Vipers SC), Paul Patrick Mbowa (URA FC, Uganda)Midfielders: Lawrence Bukenya (KCCA FC, Uganda), Abel Michael Eturude (Onduparaka FC), Yaya Mahad Kakooza (Tooro United FC, Uganda), Julius Poloto (KCCA FC, Uganda), Shafik Kuchi Kagimu (URA FC, Uganda), Allan Okello (KCCA FC, Uganda), David Owori (SC Villa, Uganda), Ezekiel Duncan Sseninde (Vipers SC, Uganda)Forwards: Joel Madondo (Kirinya-Jinja SS, Uganda), Steven Desse Mukwala (Vipers SC, Uganda), Joseph Junior Ssemujju (SC Villa, Uganda), Trevor Ssemakula (Weerebie City Stars FC, Australia)Comments last_img read more

Standard Bank comes out tops in Africa

first_img27 July 2011South Africa’s Standard Bank Group has again been named Africa’s top bank in The Banker magazine’s 2011 rankings of the world’s top banks by their Tier 1 capital.It also rose from 106th to 94th place in the list of 1000 top banks in the world.Standard Bank Group Deputy CEO Sim Tshabalala said the bank’s continued rise up The Banker’s rankings table demonstrated the group’s strength and ability to implement its strategy across Africa.“It is particularly pleasing to achieve a top ranking on the basis of objective criteria applied by an independent journal,” Tshabalala said in a statement this month. “The ranking points again to the substance in our strategy to keep Africa firmly at the core of Standard Bank Group.”Leading global journalThe Banker is a leading global journal of the banking sector. Its annual top 1 000 world banks survey is to show banks’ soundness in relation to the Basel requirement of a minimum ratio of Tier 1 capital to risk-weighted assets of 4% (increasing to 7% by 2019), and a minimum ratio of total capital to risk-weighted assets of 8%.In its July edition, The Banker says that Standard Bank has increased its Tier 1 capital to US$12.06-billion, an increase of 26.15% on the previous year and almost twice as much as the second-ranked bank.“The strong capital position, highlighted by The Banker’s rankings, provides a stable platform for further growth,” Tshabalala said. “We will continue to build first-class, on-the-ground banking franchises in chosen markets in Africa, investing in people, branch networks and systems.”SAinfo reporterWould you like to use this article in your publication or on your website? See: Using SAinfo materiallast_img read more

A unique avenue to drive agriculture’s message into the city

first_imgShare Facebook Twitter Google + LinkedIn Pinterest Continuing the mission of advocacy and outreach into Central Ohio, Franklin County Farm Bureau was seeking out a way to expand their message and communicate with those that aren’t all that close to the farm, both in distance and understanding. So, they recently acquired Edible Columbus magazine.“Edible Columbus is a print, community-based publication published four times a year, and distributed free to the public,” said Colleen Leonardi, the magazine’s Editor-In-Chief. “From sustainable agriculture to seasonal cooking to locally sourced restaurants, breweries and distilleries, our mission is to create fresh, beautiful content to engage readers in our food, our region and our culture, season by season.”Leonardi said the partnership with Franklin County Farm Bureau, a grassroots organization that works to support Ohio’s thriving local food and farming economy, compliments what they do at Edible Columbus.Edible Columbus has a yearly reach of 100,000 readers in the Central Ohio area. The magazine is available at the locations of local businesses that advertise within the publication and is also received by subscription.“The goal is to utilize the publication to continue to promote all of the things that we value as an organization, including safe, healthy, affordable food, as well as conservation, clean water and access to markets for area producers.” said Steven Berk, Organization Director for the Franklin County Farm Bureau.With the acquisition of Edible Columbus, Franklin County Farm Bureau hopes to generate operating funds through advertisers but there is also going to be an emphasis on generating membership through this non-traditional outreach.“There is always a revenue aspect anytime that you run a business, so that part does factor into it,” Berk said. “Even more than that, the reason we specifically went with purchasing a magazine is that we really wanted to expand our platform and our brand. People know Farm Bureau as this organization that promotes consumer advocacy and consumer choice and farming in the Buckeye State, so we wanted to use that and expound that message through the magazine.”For the past four years, Franklin County Farm Bureau was a sponsor and bought ad space in Edible Columbus, so they already knew quite a bit about the magazine’s objectives and audience and thought it would be a great fit for their portfolio when the opportunity to acquire it presented itself.“The Franklin County Farm Bureau Board of Trustees is a very forward-thinking, progressive and engaged group and they jumped on this proposition,” Berk said. “I think more county Farm Bureaus are interested in what we are doing here and, of course, Farm Bureau is always looking for unique ways to reach consumers.”last_img read more