World Bank: Oil Prices Fall Affects Africa

first_imgThe World Bank forecast has predicted that the fall in prices of oil and other commodities are likely to slow economic growth in Sub-Saharan Africa to four percent in 2015 from 4.5 percent in 2014.The bank said in its Africa’s Pulse, a twice-yearly analysis of the issues shaping Africa’s economic prospects, released in Nairobi that excluding South Africa, the average growth for the rest of Sub-Saharan African countries is forecast to be around 4.7 percent.“As previously forecast, external tailwinds have turned to headwinds for Africa’s development. It is in these challenging times that the region can and must show that it has come of age, and can sustain economic and social progress on its own strength,” said Francisco Ferreira, the bank’s chief economist for Africa.”For starters, recent gains for the poorest Africans must be protected in those countries where fiscal and exchange rate adjustments are needed,” Ferreira added.The 2015 forecast is below the 4.4 percent average annual growth rate of the past two decades, and well short of Africa’s peak growth rates of 6.4 percent from 2002 to 2008.The report says the continent’s huge economic diversity is also mirrored in the impact of commodity price declines, even among oil producers.It notes that although the Nigerian economy will suffer this year, growth is expected to rebound in 2016 and beyond, driven by a relatively diversified economy, and a buoyant services sector.Low oil prices will continue to weigh down on prospects of less diversified oil exporters such as Angola and Equatorial Guinea. In several oil-importing countries, such as Cote d’Ivoire, Kenya and Senegal, growth is expected to remain strong.In Ghana, still high inflation and fiscal consolidation will weigh on growth. In South Africa, growth continues to be curtailed by problems in the electricity sector.World Bank Vice President for Africa Makhtar Diop, who spoke earlier said, despite strong headwinds and new challenges, Sub-Saharan Africa is still experiencing growth. And with challenges come opportunities.“The end of the commodity super-cycle has provided a window of opportunity to push ahead with the next wave of structural reforms and make Africa’s growth more effective at reducing poverty.”According to the report, the fiscal policy stance is expected to remain tight throughout 2015 in most net oil-exporting countries across the region, as countries take measures to rein in spending in light of anticipated lower revenues.While capital expenditures are expected to bear the brunt of expenditure measures, recurrent expenditures, including fuel subsidies, will also be reduced.Despite these adjustments, fiscal deficits are likely to remain high. Fiscal deficits are also expected to remain elevated in net oil-importing countries.“Large fiscal deficits and inefficient government spending remain sources of vulnerability for many countries of the region,” said Punam Chuhan-Pole, World Bank Lead Economist for Africa and co-author of the report.Sub-Saharan Africa is a net exporter of primary commodities. Oil is the most important commodity traded in the region, followed by gold and natural gas.“It is urgent that these countries strengthen their fiscal positions and fortify their resilience against external shocks,” Chuhan-Pole added.New and Old Risks to Africa’s Economic FuturePersistent conflict in a number of areas, and recent violence by extremist groups such as Boko Haram and Al Shabaab pose security risks with the potential to undermine development gains. Also, the Ebola outbreak in Guinea, Liberia, and Sierra Leone has highlighted preexisting weaknesses in the health systems of the three most affected countries, as well as others.Although substantial progress has been made against the Ebola epidemic, it remains premature to declare victory until there are zero cases left. A World Bank study released in January estimated that the three hardest-hit countries (Guinea, Liberia and Sierra Leone) will face at least $1.6 billion in forgone economic growth in 2015, and social costs in terms of nutrition, health and education are equally severe. The Bank Group has mobilized about $1 billion in financing to date for the three countries hardest hit by Ebola.Share this:Click to share on Twitter (Opens in new window)Click to share on Facebook (Opens in new window)last_img read more

Senior Police rank committed to stand trial for rape of a minor

first_imgSeecharran SinghAn Assistant Superintendent of Police who was charged for engaging in sexual activity with a 13-year-old child in June 2018 was on Tuesday afternoon committed to stand trial at the High Court.Thirty-one-year-old Seecharran Singh of Providence Plantation, appeared before Acting Chief Magistrate Sherdel Isaacs-Marcus at the Georgetown Magistrates’ Courts where he was told that sufficient evidence was provided by the prosecution against him and as such, the case will be sent to the High Court for trial.The cop was represented by Attorney-at-Law, Bernard DaSilva.Singh was charged for allegedly engaging in sexual activity with the underaged child during June 17-18, 2018, at his home.It is alleged that the child was left in the care of Singh on June 17, while her mother was out with a friend. It was reported that he made advances towards the child and raped her.Upon the return of the child’s mother and the friend, the incident of what took place between the teen and the police officer was recounted to one of the female adults and the police were informed.Singh, on his first appearance, was not required to plea to the indictable charge that was read in-camera. However, he was granted bail in the sum of $250,000 after spending two weeks on remand.last_img read more

Pensioner nabbed with cocaine in shoes at CJIA

first_imgA sixty-six-year-old man was arrested by ranks of the Custom Anti-Narcotics Unit (CANU) after he was discovered with almost 300 grams of cocaine at the Cheddi Jagan International Airport (CJIA).The cocaine found in the pensioner’s shoesThe suspect was found with the illicit drugs hidden in his shoes. The pensioner, who was US-bound, was taken into custody and is assisting with investigations. He is expected to be arraigned today.Earlier this year, a 24-year-old waitress was jailed for 4 years and fined $13.1 million after she was found with over four kilograms of cocaine stashed in storybooks and other items at CJIA.Rena Jagernauth, a Panama-bound passenger, was arrested after a search of her suitcase unearthed the substance.The cocaine was found stashed inside four children’s storybooks, deodorant and perfume bottles, a makeup kit and other personal items that were inside her suitcase.A little later in the year, four men were arrested by CANU ranks after they attempted to smuggle cocaine in fire extinguishers destined for an international location.The law enforcement agency had said that its agents raided a house at 26 Timehri, East Bank Demerara (EBD) and intercepted the cocaine.In September 2018, Shellon Yolanda Barrow of lot 135 Victoria Street, Albouystown, Georgetown, was arrested at CJIA after she was attempting to board a Jamaica-bound flight with the over 1 kilogram of cocaine concealed in a false wall of her hard cover carry-on suitcase.That arrest came days after a Guyanese woman, Alica Coppin, had revealed to Drug Enforcement Agency (DEA) at the JFK International Airport in New York that she had inserted a quantity of the narcotics into her vaginal cavity and swallowed another amount.Just before that arrest, another New York-bound Guyanese, hairdresser Karen Stuffle, was busted by CANU ranks at the CJIA with 100 cocaine pellets, totalling 1.42 kilograms, stashed in her vagina and stomach.She was subsequently sentenced to four years imprisonment and fined $2.3M for the crime.In July of 2018, 19-year-old Anesha Hardy of South Ruimveldt was jailed for 3 years and also handed a hefty fine after she was arrested by CANU ranks at CJIA after having admitted to swallowing some 119 cocaine pellets.Hardy, who was an outgoing passenger destined to JFK Airport, was stopped by a CANU rank who had received information of her motives.She was escorted to the hospital where an x-ray showed the pellets in her stomach.On July 5, 2018, 37-year-old Natasha Blair was also jailed for three years after she attempted to smuggle a quantity of cocaine through CJIA to the US.Blair, who was travelling with an 11-month old baby, was scheduled to board Caribbean Airlines flight BW726 destined for John F Kennedy International Airport.It was reported that when Blair checked in her luggage at Caribbean Airline counter, a CANU rank acting on information, approached her and informed her of his suspicion that she had ingested and inserted narcotics.Blair was cautioned and taken to the Georgetown Public Hospital Corporation (GPHC) where an x-ray was conducted. It revealed foreign objects in her stomach and pelvic area.It was disclosed that the pellets found in the woman stomach weighed 322 grams, while the object in her pelvic area weighed 210 grams.last_img read more

From Russia with love… Brief stories from the World Cup

first_imgIceland coach Heimir Hallgrimsson has issued an urgent plea for his fellow countrymen to turn out for their date with Nigeria in Volgograd on Friday.Icelanders were vastly outnumbered by Argentinians in their famous 1-1 draw with Lionel Messi and company in Moscow’s Spartak Stadium on Saturday.“Strangely we had difficulties in buying tickets. It was sold out for Iceland,” he said at the post-match press conference.“I can’t see where all the Argentinians bought their tickets because we could have sold much more in Iceland. We’ll have to discover (how to get) more for our next games.”Ramos, Vazquez and VARSpain midfielder Lucas Vazquez has a VAR doppelganger according to teammate Sergio Ramos © AFP / PIERRE-PHILIPPE MARCOUSergio Ramos did a double take when he thought he spotted his Spain and Real Madrid teammate Lucas Vazquez in charge of VAR during Mexico’s win over holders Germany.Ramos published a photo of the Vazquez lookalike on Twitter, to which Vasquez told Ramos: “If they put me in charge of VAR you wouldn’t be on the pitch for more than five minutes!”Thumbs down for museum all-nightersKaliningrad’s culture and tourism chief Andrei Yermak says the World Cup host city has had to shelve its plan to keep museums open at night on game days because almost no one showed up after Saturday’s Croatia-Nigeria match.“Only a handful of people visited our museums after the match. The idea did not prove very popular.”Iceland’s 0.4 percent“The other 0.4 percent was on the pitch!” Iceland striker Alfred Finnbogason responds to a tweet pointing out that 99.6 percent of the Nordic nation’s 330,000 population watched them hold football superpower Argentina to a 1-1 draw in their World Cup debut on Saturday. Finnbogason scored Iceland’s goal.Brandt’s selfieGermany forward Julian Brandt criticised over a selfie © AFP / Yuri CORTEZGermany winger Julian Brandt found himself in hot water back home after taking a selfie with a fan in the immediate aftermath of the World Cup holders’ shock opening loss to Mexico.The Bayer Leverkusen star explained: “I was heading for the tunnel, and this young boy came up and shouted at me. At the time you don’t think, you just please the kid.”0Shares0000(Visited 1 times, 1 visits today) 0Shares0000Iceland coach Heimir Hallgrimsson makes a call for fans to turn up for their next game against Nigeria © AFP / Jonathan NACKSTRANDMOSCOW, Russian Federation, Jun 18 – AFP Sport takes a look at some of the stories you may have missed at the World Cup:Iceland’s call to fanslast_img read more

Ducks end road skid behind solid Giguere

first_imgNHL: Anaheim picks up its first win away from home. By The Associated Press GLENDALE, Ariz. – After struggling on the road for more than a month, this was the kind of effort the Ducks sought. The Ducks regained some luster from their Stanley Cup championship season, as Jean-Sebastien Giguere stopped 30 shots and the Ducks beat Phoenix, 5-2, on Saturday night for their first road win. AD Quality Auto 360p 720p 1080p Top articles1/5READ MOREStriving toward a more perfect me: Doug McIntyre “We need to start playing on the road as we play at home,” said forward Cory Perry, who scored two goals. “That means forechecking, and limit turnovers. When we wear teams down, that’s when we’re effective.” Giguere, bidding for this 26th career NHL shutout, lost the whitewash early in the final period. The 30-year-old netminder picked up his third win of the season to go with three losses and one tie. The Ducks used a two goal flurry in a span of less than four minutes in the second period to create room for the victory. Perry began the spurt by picking up a loose puck in front and lifting in a backhander at 4:58. Less then four minutes later, defenseman Mathieu Schneider’s shot from the left point was tipped in by Brad May, his first of the season, giving the Ducks’ 3-0 lead. Midway through the opening session, the Ducks broke out on top. Skating with a two-man advantage, Schneider rifled in a 30-foot drive from the slot at 11:13 for a 1-0 Ducks lead. The 19-year veteran picked up a goal and two assists. Late in the opening period, Chris Kunitz missed giving the Ducks a two-goal advantage when he hit the left post behind Alex Auld, the Phoenix goaltender. That was the third Anaheim shot of the opening period that went behind Auld and deflected off the post. The Coyotes’ Radiim Vrbata broke Giguere’s shutout bid when he tipped in Jovanovski’s shot trailing in the slot. The goal came at 2:29 of the third period. Ryan Getzlaf put it out of reach with a power-play goal at 13:19 of the final period, making it 4-1. Jovanovski’s power play at 18:08 brought Phoenix to within two. Perry scored his second of the game after Auld was pulled, sending the puck the length of the rink at 19:35. 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

NOTORIOUS DONEGAL CRIMINAL APPREHENDED BY GARDAI

first_imgA well-known criminal has appeared before a special sitting of Letterkenny District Court today after more than a year on the run.Jason Haughey arriving on crutches at a special sitting of Letterkenny court today. Pic by Northwest Newspix.Jason Haughey was apprehended by Gardai in Carndonagh last night.A bench warrant had been out for Haughey’s arrest after he failed to appear in court to face a number of serious charges.He has a string of previous convictions for burglary and public order charges.He was charged with assault causing harm after allegedly stabbing a local man outside Gallagher’s Hotel in Letterkenny in 2012.Darragh Harvey, who had to have extensive plastic surgery after being slashed in the face, now lives in America.He also faces burglary charges arising out of another incident.Haughey, 25, turned up in court on crutches today.Gardai objected to bail on the serious nature of the charges and the fact that he was living outside the jurisdiction.Judge Francis Comerford remanded Haughey in custody to appear in court again on December 8th.H also ordered that he be given all the necessary medical attention. NOTORIOUS DONEGAL CRIMINAL APPREHENDED BY GARDAI was last modified: July 17th, 2015 by StephenShare 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:arrestdonegalGardaiJason Haugheyletterkennylast_img read more

SHAY DECLARED FIT AS HUNDREDS OF DONEGAL FANS HEAD FOR EURO 2012

first_imgShay Given WILL play for the Republic of Ireland against Croatia on Sunday in our opening game in the Euro 2012 Championships.That was the bold prediction of goalkeeping coach Alan Kelly amidst speculation that the Lifford man is struggling to be fit for the game.Kelly said “The determination Shay has shown over 16 years playing for Ireland is not going to go away overnight. “Anyone who saw the game against Hungary would not question his fitness or form.”He did confirm that while did sit out training in the past couple of days, Shay will train before Sunday’s big game.Meanwhile thousands of football fans from across Donegal are beginning their long trek to Poland for championships as the countdown reaches fever pitch.Donegaldaily.com will bring you all the interviews, pictures, fan views and craic from Poland.     SHAY DECLARED FIT AS HUNDREDS OF DONEGAL FANS HEAD FOR EURO 2012 was last modified: June 7th, 2012 by StephenShare 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:donegaleuro 2012Irish fansShay Givenlast_img read more

BOXING DAY OUTING MAKES HORSE SENSE FOR THE DONEGAL & TYRONE FARMERS HUNT

first_imgDonegal & Tyrone huntsman Simon Scott over the “Christmas Car” novely jumpThe recently formed cross border Donegal & Tyrone Farmers Hunt enjoyed a fantastic Boxing day charity hunt hosted by the O’Neill Family of Ballyskeagh, Artigarvan.A total of £500 was raised for the Marie Curie cancer charity which will be augmented under a government charity matching funding scheme.A lovely crisp dry winters morning contributed to an exhilarating course by 67 riders across the beautiful Tyrone hills over hedges logs ditches rivers stone walls and even a lake . Three hours later a group of sated riders and very tired horses and ponies returned to O’Neill’s yard and some very welcome soup rolls & Hot toddys.The Donegal & Tyrone Farmers hunt would like to acknowledge the hospitality of the O Neill Family for hosting a very memorable boxing day meet.Amy Rose Harte comes a cropper at the Lake The Donegal & Tyrone hunt cool their legs in the river  BOXING DAY OUTING MAKES HORSE SENSE FOR THE DONEGAL & TYRONE FARMERS HUNT was last modified: December 31st, 2013 by StephenShare 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:DOEGAL AND TYRONE FARMERS HUNTlast_img read more

PICTURE SPECIAL: PROFESSIONAL CYCLIST PHILLIP DEIGNAN VISITS COPE CYCLES IN DUNGLOE

first_imgPhilip Deignan on his visit recent to Cope Cycles with the Errigal YouthsPhilip Deignan with the statue of the founder of The Cope – Paddy The Cope GallagherPhilip Deignan cycles down Dungloe Main StreetPhilip Deignan – Team Sky Cyclist viisting Cope Cycles Dungloe recentlyLetterkenny native Philip Deignan, who is a Professional Cyclist for Team Sky, recently visited Cope Cycles in Dungloe to meet with cyclists, both young and old to share advice on cycling and take part in leisure cycle.Deignan is the first Irishman to ride in Team Sky colours and is now into his 10th year as a pro.With six Grand Tour appearances to his name – including a stage victory and top-10 overall finish at the 2009 Vuelta a Espana. 2013 saw Philip excel on American soil, collecting a string of top results at the Tours of the Gila, California, Utah, and the USA Pro Challenge.In 2014 Philip was 42nd overall in the Giro D’Italia.Philip is keen to encourage young riders to develop their cycling talents and show them that with hard work and determination you can achieve your dreams.Philip visited Cope Cycles on July 4th and had a meet & greet session with both young and old to talk about cycling and youth development. Philip then very graciously took part in a leisure cycle with all who had turned out to meet him.Around the scenic roads of the Rosses, Philip rode with many junior cyclists, offering advice and encouragement to them, with many “older” cyclists looking for advice too!Hopefully Donegal will produce many more cyclists of Philip’s calibre in years to come!  PICTURE SPECIAL: PROFESSIONAL CYCLIST PHILLIP DEIGNAN VISITS COPE CYCLES IN DUNGLOE was last modified: July 16th, 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:CYCLISTFeaturesnewsPhillip DeignanSportTeam SkyTHE COPElast_img read more

Donegal’s future stars at Patrick Gildea Hairdressing

first_imgWe are very passionate about education and continuous self-development. Our successful award-winning team, led by IHF Icon Patrick, believe in nurturing young talent, spending the time with them to ensure that they are the very best they can be.Our team of Stylists always succeed from within, we have young talent and we bring them on a wonderful journey of education until they gain the skills that we deem suitable to be called a Stylist in our Salon. Of course, the education doesn’t stop when you become a stylist, our team are committed to a path of continuous development and training, constantly upskilling, and sharing their knowledge with each other.That’s what makes us so special, it’s our team, our core values and it’s why we win awards.We were invited to compete at the Irish Hairdressing Federation Awards in Dublin and were so impressed with the commitment, passion and talent shown by our team members that we had to capture it and share their amazing photoshoot with you. Their first task was to find the right models for the competition, as you know we love capturing beauty and we feel strongly that beauty is everywhere in our local community which is why all our models for this photoshoot were local.Our Blow-Dry Technicians were responsible for creating the whole look for their models, they styled them with the right clothing and make-up to create their overall look. They arrived at 8.30 on a Sunday morning full of excitement and energy which was really captured on film.We had different inspirations from the Game of Thrones to Sleek Modern Bob. Each look very different but all reflecting their vision and various skill levels.Head of Education Elaine Crown said: “I’m so proud of what our team of Blow-Dry technicians achieved with this Photoshoot, it was lovely to see their confidence grow as they prepared for this shoot.“I was blown away by not only their talent, but the genuine passion shown by everyone involved and just how much work they put in to make sure that their overall look was exactly what they wanted to achieve.“Well done to everyone involved, bring on the IHF Competition in May”. Hair styled by Claudia McLaughlin, Beata Kuduk, Denise McCarron, Elaine Page and Lorcan Muldowney.For more information and to see more action shots go to www.facebook.com/patrickgildeahairdressingDonegal’s future stars at Patrick Gildea Hairdressing was last modified: April 6th, 2018 by Patrick GildeaShare 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:awardseducationhairihfletterkennyPatrick Gildea Hairdressingstylistlast_img read more