August 3, 2021
  • 10:00 pm Eveready East Africa Limited (EVRD.ke) HY2010 Interim Report
  • 9:59 pm Mauritian Eagle Insurance Co. Limited (MEI.mu) 2011 Abridged Report
  • 9:58 pm ARM Cement Limited (ARM.ke) HY2011 Interim Report
  • 9:57 pm Medtech Holdings Limited (MMDZ.zw) 2012 Abridged Report
  • 9:55 pm DN Tyre & Rubber Plc (DUNLOP.ng) 2013 Annual Report

first_imgChelsea boss Carlo Ancelotti has vowed that he will not quit the club after the defending champions’ FA Cup exit.Saturday’s penalty shoot-out defeat by Everton leaves the Champions League as the Blues’ only realistic hope of silverware this season.Asked if he would consider resigning ahead of facing FC Copenhagen on Tuesday, Ancelotti said: “No, not me.“I don’t have to consider my position. It is the owner [Roman Abramovich] that has to do that, not myself.”Chelsea’s last-16 European tie offers the Blues a chance to turn around another poor run of form which has seen them slip to fifth in the Premier League, 12 points behind leaders Manchester United.Following a 1-0 defeat to Wolves on 5 January the Blues won four out of five games, but they have failed to score a goal in normal time in the past three matches, despite the acquisition of £50m striker Fernando Torres. Ancelotti claimed John Obi Mikel and Michael Essien are not 100% fit and admitted only John Terry and Branislav Ivanovic are currently playing at the top of their game.The team’s stuttering displays mean that qualification for the Champions League next season is under threat.A similar situation two seasons ago led to the sacking of previous boss Luiz Felipe Scolari, but at that stage in February 2008 Chelsea were fourth in the league and still in the FA Cup and Europe.But Ancelotti, who won a league and FA Cup double in his first season in charge last season, said that resuming their European travails could give them the jolt they needed.“The Champions League is not easy, but it will bring a lot of motivation for every one of us,” he said. “We have to have the right pressure. We have to play against Copenhagen. We have 180 minutes to win this game.” “Chelsea won’t go out against Copenhagen,” he added. “I think we have the possibility to win against Copenhagen.”The defeat by Everton on Saturday came after Frank Lampard had scored in extra-time, only for Leighton Baines to equalise with a free-kick.Both Nicolas Anelka and Ashley Cole missed crucial penalties in the shootout with Everton captain Phil Neville scoring the decisive kick.On Sunday former Chelsea manager Claudio Ranieri resigned as Roma’s coach. The Italian was in charge of the Blues between 2000 and 2004 and said recently he would consider a return to the Premier League.Source: BBClast_img read more

READ MORE

first_imgDražen Mladenović from Sarajevo participated in the World Weightlifting Championship in the category bench press and won the sixth place!The competition GPC World Championship was held in Knjaževac, Serbia, and only those who met the world norms got to participate in it. Around 500 competitors from 40 countries in total took part.“I performed on September 21 in the category Raw Bench Press up to 90 kilograms (24-40 years of age). I was the youngest and for the first time ever I was competing in that age group. The group was very extensive and it was an honor for me to compete against such strong men of the world,” said Dražen, adding:“I am very satisfied with my result. Other contestants in my group were Russians, Bulgarians, Macedonians, Poles, and in the end I still managed to win the high sixth place. Truly a lot is invested in competitors who performed and that is the reason why we achieved such great results. I must admit that I invest a lot in myself, without help from any sponsors, and this is a very demanding and expensive sport, so that adds weight to this result.”(Source: radiosarajevo.ba)last_img read more

READ MORE

first_imgBea Mountain New Liberty Gold Mine (Courtesy: Avesoro)Wants residents resettledThe Government of Liberia (GoL), through the Environmental Protection Agency (EPA), has taken stringent measures against Bea Mountain Mining Corporation, operator of the New Liberty Gold Mines in Kinjor, Grand Cape Mount County, for blatantly violating the nation’s environmental laws.To this effect, EPA’s authorities have served Bea Mountain a fine to the tune of US$99,999.99 to be paid into government coffers through the Liberia Revenue Authority (LRA). The company has been mandated to pay said amount in 72 hours beginning today, with an official receipt presented to the EPA upon receipt of notice of this fine.EPA Deputy Executive Director, Randall M. Doboyou, II, told a press conference in Monrovia that the management of Bea Mountain is persistently endangering the lives of Liberians in its areas of operation as it continues to violate the country’s standard mining laws.EPA DED, Randall DoboyouRecent findings by EPA’s inspectors, upon an impromptu visit at its Kinjor operations, outlined a direct departure from specific conditions of the environmental permit issued to the company as well as the Environmental Protection and Management Law of Liberia (EPML).“On July 10, 2018, a team of EPA technicians made an impromptu visit to Kinjor, and found the company in flagrant violation of our laws,” Doboyou said.The purpose of the visit, he said, was to investigate alleged water pollution some residents have reported of the downstream communities.“Additionally, the team collected surface and ground water samples at strategic locations within the company’s concession area. Our findings outlined a direct departure from specific conditions of the permit and the EPML,” Mr. Dobayou said.On June 26 last year, the EPA approved the renewal of the permit #EPA/DP/MZP/001-0616 authorizing Bea Mountain to discharge waste water from the Tailing Storage Facility at the NLGM in compliance with the Liberia Water Quality Standards/Guide of 1987 and the IFC Effluent Guideline.That permit provided discharge limit at different points across the “mixing zone,” to effectively increase retention time and promote cyanide degradation, thereby supporting the sustainable management of the ecosystem.But Mr. Doboyou said the company violated Environmental Permit, Condition 5.2: which ensures that the limit of Free Cyanide in wastewater from the TSF-R does not exceed 0.1 mg/L.According to the laboratory results for the July 10, 2018 visit, the levels of free cyanide at TSF-R was 0.394 mg/L. “This result implies that the level of Free Cyanide is nearly four times the maximum discharge limit,” Doboyou noted.Also violated by Bea Mountain is Section V, 61 sub-section 1 of the EPMLL, which talks about prohibition against water pollution. This calls for punishment for any person who discharges or applies, or permits any person to dump or discharge, any poison, toxic, noxious, or obstructing matter, radioactive waste or other pollutant into any waters of Liberia, which is likely to cause harm to human health or the aquatic environment in contravention of water pollution control standards established under this Law shall be guilty of an offense.“The company also violated Part VI, Section 75, subsection 2 of the EPMLL, which indicates that no person shall deposit any substance in a river, lake or wetland or under its bed, which is likely to have adverse effect,” said Doboyou.Bea Mountain is also in violation of Part V, Section 56, sub-section 1 of the EPMLL that prohibits discharge of hazardous substances, chemicals and materials or oil into the Environment and Spillers Liability.Accordingly, Bea Mountain Mining Corporation is to remediate the illegal effluence discharge within 15 years and provide drinking water for the affected communities in the meantime.The EPA has also mandated Bea Mountain Mining Corporation to commission a Resettlement Action Plan by an Independent Environmental Evaluator to determine compensation for the affected communities.Drastic actions also await Bea Mountain if it fails to do as the EPA has mandated.Doboyou: “The EPA wishes to make it categorically clear that failure to comply with the Notice of Violation within the stipulated period may lead to drastic penalties including but not limited to additional fines, closure, imprisonment and/or criminal prosecution where applicable.”Share this:Click to share on Twitter (Opens in new window)Click to share on Facebook (Opens in new window)last_img read more

READ MORE

first_img CIRT EPMI Fannie Mae Insurance Lenders LTV mortgage 2018-07-11 Radhika Ojha Fannie Mae has recently introduced another insurance product to help lenders satisfy its charter requirement for high-LTV loans. The government-sponsored enterprise’s (GSE’s) charter requires it to ensure appropriate credit enhancement of loans that have a loan-to-value (LTV) ratio that’s greater than 80 percent when it is acquired by Fannie Mae.”Fannie Mae’s Enterprise-Paid Mortgage Insurance (EPMI) offering provides our lender customers with another option for obtaining mortgage insurance that satisfies Fannie Mae’s charter requirement for high-LTV loans,” Robert Schaefer, VP, Credit Enhancement Strategy and Management at Fannie Mae wrote on the GSE’s blog. “Initially, we are offering EPMI on a limited pilot basis, as an execution option that is available to participating lenders and borrowers.”Schaefer wrote that the new lender option would enable Fannie Mae to streamline the operational requirements of “participating lender customers, increase the certainty of coverage for our credit investor partners, and better manage Fannie Mae’s counterparty risk.” He said that the new product applied many of the same concepts developed in Fannie’s Credit Insurance Risk Transfer (CIRT) structure and represented another innovation for transferring credit risk from Fannie Mae to the private market while diversifying the providers of the credit protection for its single-family business.The EPMI enables lenders to deliver a loan with an LTV greater than 80 percent to Fannie Mae without the lender-acquired mortgage insurance, in return for an additional loan-level price adjustment fee paid by the lender to Fannie Mae. The GSE said that loans under this option would be covered under a forward insurance arrangement secured by Fannie from an approved insurance provider.”The process for settling EPMI claims is streamlined by Fannie and is similar to the process for settling claims under its CIRT transactions. If a loan defaults, claims are paid after the property disposition when the actual loss on the loan is known,” Schaefer said.According to Fannie Mae, the product offers a more streamlined process for lenders in the following ways:Fannie Mae is responsible for acquiring the insurance, filing claims, and performing monthly reporting.Loan quality and eligibility are determined by Fannie Mae, not a combination of Fannie Mae and MI guidelines.Participating servicers look to one set of servicing guidelines for their loss mitigation offerings, liquidation decisions, and related approvals.Because the operational processes required under EPMI are similar to those required for CIRT, Fannie Mae can leverage the simplified process and infrastructure that already supports CIRT transactions.When Fannie Mae files a claim under EPMI, it submits a single data report to the insurance provider.The claim is settled after property disposition when the actual loss on the loan is known. in Daily Dose, Featured, News, Secondary Market Fannie Mae Expands Mortgage Insurance Options for Lenderslast_img read more

READ MORE