$ Development < $ Underdevelopment

first_imgNot to confuse our readers, the meaning of our title is that development is less expensive than underdevelopment. In other words, underdevelopment is in fact more costly than development. Take the private sector, for example. Company X earned gross revenues of US$100,000 in the year ending December 31, 2014. This company is owned by Liberians who are not sitting around waiting for government jobs, but have taken the entrepreneurial risk to go into business. Cost of goods sold and services rendered amounted to US$90,000. That means Company X only realized profits of US$10,000 in 2014. Company X is very efficiently run; but one solitary cost item sucks its profit margin dry. Fuel, used to generate electricity. This accounts for US$30,000 of the company’s budget per annum. The country in which it operates does not produce electricity. Home and business owners use what they can afford – anything from candles to diesel. Had affordable electricity been available, Company X projects that it could be doing at least 20% more business, which means hiring more workers (creating more jobs) and widening its profit margins. Multiply that by 10,000 Liberian businesses, and this amounts to tangible economic growth that does not require the manipulation of the numbers. A Liberian banking official recently told the Daily Observer that his bank is presently caught between a rock and a hard place, as are most banks operating in the country. In order to compete in the banking sector, his bank wants to begin offering debit cards. However, the servers that will keep the system operational 24/7 will need to be powered 24/7. In the absence of affordable electricity, that would be a major expenditure that the bank may not be able to afford. In business, the logical thing to do would be to pass the cost on to the customer; but if said cost is too high, customers may opt for a competitor who offers the same service for less. So if Bank X charges customersUS$5 per debit card transaction while Bank Z charges US$4, customers may opt for Bank Z unless Bank X offers other services that offset the cost and appeal to customers, causing them to stay. This banking official said that even foreign based banks operating here in Liberia are feeling the pinch of high energy costs; but for them, high profit margins in other markets absorb the losses incurred in Liberia. Unfortunately for small and medium-sized Liberian businesses, they do not have the luxury of subsidiaries that can absorb losses. As such, SMEs and large corporations alike struggle despite their best efforts to stay afloat.It applies across the board. Bad roads (underdevelopment) make business and private cars much more expensive to maintain and own. Bad roads also make transportation much more difficult, hence expensive. Business owners then have to pass the cost on to customers and the price of food skyrockets. How does this relate to development? If an enabling environment is created to enable businesses to thrive, they will. If, due to the availability of affordable electricity, the cost of doing business is lower, the prices of goods and services, especially essentials such as food and water, will also be lower for consumers, who may then opt buy more. Businesses will themselves be empowered to expand and pay taxes into government coffers. In this way, development (affordable electricity) is less expensive and more profitable than underdevelopment for businesses, consumers and government alike.Underdevelopment becomes even more unprofitable for governments from a legacy standpoint and from a stability standpoint. An administration that leaves a country underdeveloped will be judged very harshly in the annals of history. Every cabinet minister and executive who worked in that administration will be judged accordingly. Stability-wise, it is no secret in underdeveloped nations that when the level of underdevelopment reaches the critical point where it threatens citizen’s ability to feed their families, the perception of corruption takes over and anger sets in. The rest is effectively what we call history.Share this:Click to share on Twitter (Opens in new window)Click to share on Facebook (Opens in new window)last_img read more

Government treating discovery as national security threat

first_imgIllegal aircraftPresident David Granger has said Government is treating the discovery of the twin engine Beechcraft aircraft discovered in Region Nine (Upper Takutu-Upper Essequibo) on Sunday as a matter of national security and would be determining the fate of the plane following the investigation.He said an investigation has been launched to determine whether the twin engineThe Beechcraft Kingair aircraftBeechcraft landed at the illegal airstrip as a sign of distress or for illegal reasons.“It is premature for me to what will happen to the plane. We don’t know if it is in distress or if it was involved in illegal activity but soon as that investigation is completed, the Minister of State will communicate that view. Right now, we are treating it as a public security issue rather than a question of distress. We know that people were running away and we know if they were wounded they would not have been running away, so let’s get to the facts first before we jump to conclusions,” the President said.Crime Chief Wendell Blanhum told this publication they are trying to verify the origin of the aircraft and whether any criminal records are associated with the identifying documents found on the aircraft.A history of the aircraft shows that it was owned by 11 companies in the past 27 years. The Beechcraft Kingair aircraft is currently registered to Banco Brandesco – one of Brazil’s third largest banks. However, an official from the Bank said thatThe aircraft’s registration historythey do not own any planes but it is registered to them since the owner may have acquired a loan to purchase it.A mining company named Riwa SA Incorporated Investments and participants operate the aircraft. No trace of narcotics were found on the plane but identification cards of Venezuelan and Brazilian origin were discovered on board.A multi-agency taskforce is still in the area conducting investigations. The aircraft is expected to be flown to the city following minor repairs.On Sunday, acting on information, a team from F Division (Interior locations) visited the area and discovered a 5400-foot long, 45-foot wide airstrip which appeared to have undergone recent repairs. This strip had been discovered and destroyed by the Guyana Defence Force only a few years ago. The aircraft landed while the ranks were making their way back to the airstrip. They reported that they saw some persons running into the bush.According the F Division Commander Ravindradat Budhram, having received information from an unnamed source that the airstrip was being used, investigating ranks visited the site and were leaving the area when they observed an aircraft circling some distance away. The aircraft landed while the ranks were making their way back to the airstrip. They reported that they saw some persons running from the aircraft. Following the discovery of the plane, an extensive search was mounted by a Joint Services team for the men and the search continues.Budhram noted that a search of the area unearthed three abandoned camps, in which canned food and other items were found. Additionally, 16 10-gallon containers, which are suspected to have contained aviation fuel, were also discovered. During the search of the aircraft, several pieces of communication equipment, including cellular phones, flashlights, a quantity of dried ration, medical supplies and an identification card were discovered.last_img read more

St. Anthony, Dago face off in football final

first_img0Shares0000Dagoretti were comfortable in their win, showing maturity and calmness to pick victory/TIMOTHY OLOBULUKISUMU, Kenya, Aug 2 – Rift Valley representatives St. Anthony’s Boys Kitale will face off with Nairobi’s Dagoretti High School in a mouthwatering National Secondary School Games national finals at the Moi Stadium in Kisumu on Saturday.Dagoretti beat last year’s losing finalists Olbolosat High School from Central Region 3-1 while the Solidarity Boys were forced to work extra hard before beatng debutants Ebwali, representing Vihiga, 6-5 on post match penalties. “It will be a tough final because St. Anthony’s is one of the strongest teams in this competition. But this time, we have a better team and offensively we have really improved. I am confident that we can tackle them well and win this trophy,” said Joseph Makokha, the Dagoretti High School coach.St. Anthony’s should have wrapped up the game in normal time had they converted a late penalty they were awarded.However, their keeper Dan Wamalwa proved to be savior, palming away Kelvin Owalla’s penalty in sudden death to send them through to the final and assure them of a ticket in the East Africa School Games set to be held in Arusha later this month.Dagoretti meanwhile were comfortable in their win, showing maturity and calmness to pick victory.They broke the deadlock just three minutes into the game when Paul Odhiambo made the most of a defensive error before picking up the ball inside the box and shooting past keeper Arnold Robert.Odhiambo thought he had grabbed his second of the morning when he tapped in from inside the six yard area but the goal was disallowed for offside.Even before the lanky forward could jog back from his celebrations that were killed by the second assistant referee’s flag, Olbolosat had turned the ball over and scored the equalizer.The ball was quickly swung to the right and a cross was cut back into the box which Adan Rashid tapped home comfortably beyond keeper Jospher Okello.Nonetheless, it took Ditchez just seven minutes to get their lead back. Midfielder Derrick Omondi picked up the ball at the edge of the box, set himself up with the first touch and blasted the ball into the net with the second.Dagoretti keeper Jospher made a decent save to keep his side in the game in the 37th minute when he blocked a point blank effort by Philip Leshan. Four minutes later, Ian Kiprotich had a chance for Olbolosat when he landed the ball unmarked at the edge of the box but his shot was over.The contention grew in the second half with Olbolosat pushing for an equalizer and Dagoretti looking to preserve their lead and also looking for a third to cushion them. They got that vital goal 15 minutes from time to kill off the game when Simon Omondi’s shot from distance beat the keeper.Meanwhile in the girls final, home side Nyakach Girls will take on Itigo Girls. Nyakach beat Arch Bishop Njenga 2-0 courtesy of a brace from Mercy Akoth while Itigo blasted Njambini 3-0.Harambee Starlets youngster Martha Amunyolete sealed the win with the third goal after Vicky Korir and Daisy Jerop had scored early in the second hal0Shares0000(Visited 11 times, 1 visits today)last_img read more

Kilcar U21s to defend title in Buncrana

first_imgWell done to Gary, Brian, Daniel, Neilly and the Minors on winning the Ulster Title on Sunday and commiserations to the Donegal seniors who were defeated by Tyrone. Our under 21s begin their defence of their title with a trip to Buncrana on Wednesday evening throw in time 7pm, our seniors and reserves are home to St Michaels on Sunday in Division 1. UnderageThe Under 16 match against Aodh Ruadh was postponed while our Under 14s lost to a very strong Killybegs team in the division 2 championship semi-final second leg hard luck to the lads and good luck to Killybegs in the final.  Cúl CampsCúl Camps were held in Towney last week where an enjoyable time was had by all! Club GearWe now have a selection of Club gear on sale in Áislann Chill Chartha with adult and kid’s club home jerseys, new half zip tops, polo shirts and children’s kit bags and shorts now in stock. You can also now buy club merchandise online via our website.Topaz Cash for ClubsCLG Chill Chartha has been registered in the Topaz Cash for Clubs 2016. It’s free to do and every time you spend €30 on fuel in Topaz, CLG Chill Chartha gets 1 token. Depending on how many tokens we collect the club may receive money towards club gear (for free!!). To participate you will need to be a registered Topaz Play or Park member. Pick up a form/tag in your local Topaz and connect with CLG Chill Chartha at the Topaz Cash for Clubs website. Now register and get collecting its free and you can win prizes too.  Club AppWe have now 220 members on our FREE mobile app if you would like to sign up just follow these steps to download your free team App for CLG Chill Chartha.1. On your phone or iPad go to the app store2. Search for Team App3. Install Team App to your phone4. Search for CLG Chill Chartha5. Log in and register for the CLG Chill Chartha Club app.6. You will receive an email notification when you are added you to the system. LottoThere was no winner of the Club Lotto Jackpot so next week’s Jackpot is €5,500 this week’s numbers were: 4, 12, 17 and 29 winners were: €50 Tom Glynn €30 Sorcha Ní Chonaire €20 Declan Callaghan and Rose McFadden. For those not living in the area you can buy your Lotto’s online at clgchillchartha.com click the Club Lotto section for details!Club Bingo Jackpot now €7,550!There was no winner of the Jackpot so it rises to €7,600 on 45 numbers, Club Bingo is on in The Parish Hall on Sunday nights at 8:30pm so please support to be in with a chance of winning the Jackpot and thanks to all who continue to support our Bingo! This week’s winners were: €220 Margaret Murrin €140 John Cunningham €100 Sadie McShane, Margaret Doherty €85 Síubhan Brady €80 Marie Cunningham (Carrick) €70 Anne Kane and Grainne McBrearty. For the latest news visit our website www.clgchillchartha.com you can also follow us on Facebook and Twitter at facebook.com/CillCharthaGAA and @KilcarGAAKilcar U21s to defend title in Buncrana was last modified: July 20th, 2016 by Elaine McCalligShare 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:Kilcar GAA club noteslast_img read more


first_imgINVESTIGATION: THE self-styled whistleblower behind a series of claims against county councillors over their expenses has yet to successfully establish any of the allegations.Cllr David Alcorn is just the latest in a series of councillors to have mud thrown at him anonymously.A number of allegations were made against him today. In a statement he denied them and said he looked forward to establishing the truth. The poison pen letter writer appears, on the face of it, to have access to council documents – or could be falsifying claims against them.For example a few weeks ago the ‘whistleblower’ made allegations about expenses against Cllr Dessie Larkin.The claims were widely reported by those who received the information.But further investigations by Donegal Daily found the claims to be bogus. One claim made by the self-styled ‘whistleblower’ in Cllr Larkin’s case was that he had claimed for being at two events on the same day and claimed expenses for them.The reality was that the Letterkenny politician had represented the council at one event and was reimbursed for mileage.He did NOT attend the other event on the same day and had NOT made a claim. He did receive a portion of a small annual fee he received for sitting on that cross-Border organisation. This was paid automatically whether he attended or not.The ‘whistleblower’ however had put the two payments together in a document to make it look like Larkin was fiddling his expenses. He wasn’t.Yet more allegations were made against Brian O Domhnaill, now a Senator, relating to his time on Donegal County Council. Again the claims were widely reported without any investigation.“I’m not in the least bit worried about it,” said O Domhnaill at the time, “I can assure you I’m on very solid ground.”It’s understood all three politicians have consulted solicitors over the claims and may seek redress through the courts.‘WHISTLEBLOWER’ BEHIND COUNCIL CLAIMS HAS YET TO GET ONE ALLEGATION CORRECT was last modified: November 9th, 2012 by BrendaShare 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:’WHISTLEBLOWER’ BEHIND COUNCIL CLAIMS HAS YET TO GET ONE ALLEGATION CORRECTlast_img read more


first_imgOver ninety cyclists participating in the Malin to Mizen Garda charity cycle in memory of two Gardaí killed in the line of duty are beginning to arrive in Donegal. Former colleagues and friends of the late Gardai Robbie McCallion of Letterkenny Garda Station and Garda Gary McLoughlin of Buncrana Garda Station have taken part in the cycle which ends tomorrow.The cyclists left Claremorris early this morning, and began arriving in Donegal Town shortly after 12.30. Cyclists have travelled through Sligo, Bundoran, and Ballyshannon en-route to Donegal Town to finish today’s section at the Millpark hotel on the Killybegs Road.Cyclists will leave the Millpark Hotel tomorrow morning for the final leg of the cycles which concludes in Malin tomorrow.There will also be a celebratory function at the Clanree Hotel in Letterkenny tomorrow night, which starts at 8.30 pm.Tickets for the event are available at Letterkenny Garda Station. Benefiting Charities for the charity cycle in memory of the two Gardaí are outlined below.Donegal HospiceJack and kill foundationICU at Beaumont HospitalRoscommon Mayo Hospice Irish wheelchair centre RoscommonCYCLISTS ARRIVE IN DONEGAL IN HONOUR OF TRAGIC ROBBIE AND GARY was last modified: September 11th, 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)last_img read more

Datebook 10/03

first_img AD Quality Auto 360p 720p 1080p Top articles1/5READ MOREThe top 10 theme park moments of 2019 160Want local news?Sign up for the Localist and stay informed Something went wrong. Please try again.subscribeCongratulations! You’re all set! TODAY: The Reseda Neighborhood Council will hold a board meeting at 7 p.m. at Magnolia Science Academy, 18238 Sherman Way, Reseda. Call (818) 756-7330 or see www.resedacouncil.org. Mail Datebook entries – including time, date, location and a phone number – to Daily News City Desk, PO Box 4200, Woodland Hills, CA 91365; fax (818) 713-0058; e-mail dnmetro@dailynews.com. last_img read more

Giants mailbag: Does Bryce Harper fit the team’s needs?

first_imgSAN FRANCISCO–The Giants have a front office to reshape and a vision for the future to form, but the franchise also has a roster in need of an overhaul.The search for a new general manager is in full swing, and on Wednesday, we answered your questions about the mechanics of the process, Brian Sabean’s involvement and how much authority a new Giants executive will have.It’s now time to consider some of the big-picture questions looming over the franchise, including whether it’s time for a …last_img

Barloworld unveils R2.4bn BEE deal

first_img12 June 2008Diversified industrial group Barloworld has unveiled a R2.4-billion black economic empowerment transaction that will see 10% of the company’s shares being transferred to a strategic partner, employees and community groups.The company said in a Securities Exchange News Service (SENS) statement this week that the initiative would see an effective black ownership of nearly 29% of the company’s South African operations, excluding mandated investments and offshore assets.As well as employees of the company’s South African operations, black non-executive directors also stand to benefit from the deal.In an Engineering News article this week, Barloworld CEO Clive Thomson indicated that empowerment and transformation were a key focus area for the group, and it would maintain its commitment to lead in those areas.The company said that strategic black partners would hold 5.88% of issued share capital, the employee component – including black non-executive directors – would hold 2.39%, community service groups would hold 0.95% and an educational trust would hold 0.78% of the company’s issued share capital.“The participants in the black ownership initiative will benefit from Barloworld’s growth locally and internationally as their shareholding is at the listed company level,” the company statement read.Engineering News further reports that the deal would include a R1.5-billion term loan funding structure, where Barloworld provides strategic black partners and community service groups with ability to raise funding at a competitive credit margin.“A R40.4-million equity contribution from strategic black partners (3% of investment); a R4.5-million equity contribution from community service groups (R1.5-million each); R504-million through a notional vendor facilitation structure – black managers trust and education trust; and a R245-million cash contribution through general staff trust and black non-executive directors trust,” the article says.The company statement added that both the empowerment deal and the loan funding structure would have to be approved by the company’s shareholders, with the empowerment transaction becoming effective as of 25 August.SAinfo reporter Would you like to use this article in your publicationor on your website?See: Using SAinfo materiallast_img read more

Independent Electoral Commission

first_imgA statutory body established in terms of the Electoral Commission Act to promote and safeguard democracy in South Africa.One of the things that the Independent Electoral Commission is responsible for is promoting voter education. (Image: Brand South Africa)Brand South Africa reporterThe Independent Electoral Commission of South Africa (IEC) is a permanent body established by the Constitution to promote and safeguard democracy in South Africa. It is a publicly funded body and while it is accountable to Parliament, it is independent of government.The IEC, which was established in 1993, has five full-time commissioners, appointed by the President, whose brief is to deliver regular, free and fair elections at all levels of government – national, provincial and local.In terms of the Electoral Commission Act of 1996, the IEC has to compile and maintain the voters’ roll and it is responsible for counting, verifying and declaring the results of an election – which must be done within seven days of the close of the election.The IEC is also responsible for:compiling and maintaining a register of parties;undertaking and promoting research into electoral matters;developing and promoting the development of electoral expertise and technology in all spheres of government;continuously reviewing electoral laws and proposed electoral laws, and making recommendations; andpromoting voter education.How does South Africa’s electoral system work?Parliamentary elections are held every five years. Anyone aged 18 and over and who has registered on the voters’ roll is entitled to vote.South Africa uses a proportional representation voting system based on political party lists at the national and provincial levels. A registered political party receives a share of seats in Parliament in direct proportion to the number of votes cast for it in the election. Voters don’t vote for individuals, but for a political party, which decides on members to fill the seats it has won.What about municipal elections?In municipal elections, you vote for a political party and a ward councillor (a mixed system of PR and a ward constituency system) to get seats at the municipal level.Municipal by-elections are held within 90 days after a municipal ward council seat becomes vacant. Once the election date is announced, the IEC adds the date to its online calendar and it publishes an election timetable.Am I registered to vote? And if so, where?If you’re on the voter’s roll, you’re registered to vote. You should check the roll to see if you’re registered and to make sure your details have been correctly entered – in particular, that you’re registered to vote in the area in which you live (your home area, the area to which you return after temporary periods of absence).To confirm that your name is on the voters’ roll and to find out which voting station you’re registered at, you can:check your voter registration status online;SMS your ID number to 32810; orinspect the voter’s roll at the office of the municipal electoral officer in the voting district where you live – see the IEC contacts box on the right.Where and how do I register to vote?You can apply to register only in the voting district in which you live or to which you regularly return after temporary periods of absence. You can register when you turn 16 years of age, although you can only vote when you are 18.You can register at the office of your nearest municipal electoral officer during office hours (see the IEC contacts box on the right). To register, you must:Apply for registration in person;Be a South African citizen; andPossess a valid bar-coded identity document or a valid temporary identity certificate.Your details will be entered into the IEC database and, once they have been verified by the department of home affairs, entered into the voters’ roll.You should check the roll after you’ve registered to make sure your details have been correctly entered – in particular, that you’re registered to vote in the area in which you live.Am I allowed to vote if I live overseas?Yes, you can. In 2013, legislation was amended to allow South Africans living outside of the country wishing to vote in elections to register in person either in South Africa or at one of South Africa’s embassies, high commissions or consulates-general located in 108 countries.To do so, you have to have a valid South African identity document.Where do I vote?You can only vote in the district for which you registered – your name will only appear only on that part of the voters’ roll devoted to that district.Find your voting station by making use of the IEC’s online mapping system.How are voting districts determined?The IEC uses a wealth of information to work out voting districts, including information from the surveyor-general, the department of land affairs, and Statistics South Africa.Prior to each election, the IEC inspects maps of municipality voting districts in order to align voting districts with local geographic, demographic and political changes that may have occurred since the previous election. Together with political party representatives, the IEC then locates voting stations for each district.The geography of voting districts is also aligned to the country’s new statutory boundaries, as determined by the Municipal Demarcation Board.What is the voting procedure?Voters queue outside their voting station entrance, and their names are checked against the Voters’ Roll as they enter the station. To prevent cheating, a voter’s thumb is examined under an ultra-violet scanner for traces of the indelible ink that is applied to everyone who has voted.In a typical general election, voters are then issued with two ballot papers, one to elect members of the National Assembly, the other to elect members of the relevant provincial legislature. Each ballot paper has a list of all registered political parties contesting the elections. Alongside each party name is the photograph of its leader, the party’s logo and a block in which voters can make their mark.Each voter enters a private cubicle to cast their vote. A voter is allowed to make only one mark on each ballot paper for a party of their choice. Only a tick or a cross is acceptable in the appropriate box next to the chosen party. A mark anywhere else will spoil the ballot paper and so nullify the vote.Voters do not have to vote for the same party for the National Assembly and their province’s legislature, though they can do so if they wish. After making their choice, voters deposit their ballot papers in a sealed ballot box and leave the station.How does the IEC ensure that elections run smoothly?The IEC is responsible for all the logistics of running elections, including the setting up voting stations in the most remote rural areas, installing telecommunications facilities and setting up a computer network to link all voting stations.More importantly, however, are the preparations that the commission puts into the holding of elections. Thousands of officials – presiding officers, counting officers, volunteers and monitors – are trained for specific tasks and posted at voting stations on election days to carry out these tasks.How is the fairness of elections determined?The Electoral Act of 1998 makes specific provision for accrediting neutral observers for South African elections. These can include international observers from organisations such as the Organisation of African Unity, the European Parliamentarians for Africa and the Southern Africa Development Community.Only organisations can apply to the IEC to observe elections. Observer missions compile a report and announce their findings about the conduct of the elections and whether the poll was free and fair.In addition, political parties contesting the elections are entitled to have monitors at voting stations to ensure compliance with voting procedures. Party monitors and observers also keep a watchful eye on the counting process after the close of the vote.Sources: Independent Electoral Commission of South Africa, Municipal Demarcation Board and Voting Station Finder.Would you like to use this article in your publication or on your website? See Using Brand South Africa materiallast_img read more