Category: mvpkaunx

  • 66 SMEs Get Skills Training in Finance

    first_imgSixty-six registered Liberian-own small and medium size enterprises (SMEs) from across the country have completed skills training in basic entrepreneurship in Monrovia.The training exercise took place at the Liberian Business Registry office on Snapper Hill. It was hosted by the Ministry of Commerce and Industry and the US Agency for International Development (USAID) with funding from the Liberian Investing for Business Expansion (IBEX).Madam Watchen H. Bruce, IBEX-Chief of Party, spoke to journalists at the workshop and said the program is aimed at training entrepreneurs how to access finance from various banking institutions as well as keep proper records of their businesses.This training, Madam Bruce said, would help business people understand how to make a profit and also make them understand what the bank requires from them to access a loan.IBEX-Chief of Party told Journalists that IBEX is USAID Liberia’s program and is being implemented by the International Executive Service to Corp (IESC) that supports SMEs in accessing commercial bank financing in the country.She further explained that the program performs due diligence on perspective enterprises before making any recommendations to the banks on behalf of the project.Madam Bruce added that as part of USAID’s effort to improve Liberian businesses and to have access to private sector finance, the training is paramount to them.“We want to make sure that Liberian businesses get loans from banking institutions,” she said.The program focuses on promising entrepreneurs who have track records of successful operations while providing them with technical assistance and capacity building.The program also provides technical assistance and capacity building for bank staff to adapt processes and acquiring the requisite skills that would enable them to review and evaluate borrowers’ loan applications and understanding of banking with farmers and SMEs.She said that the key component of their (IBEX) program is the development of sustainability and exit strategies through a national business development and advisory center staffed with service providers to continue SME funding and business development support services after the workshop.For her part, the Chief Executive Officer (CEO) of Exotic Travel Tours and Documentation, Mrs. Karty Wonasue-Wilson, lauded IBEX and the Ministry of Commerce for organizing a workshop for entrepreneurs in the country.“I appreciate this opportunity because it is free of charge and provides with knowledge for the future. We give our thanks to the organizers,” she said.Mrs. Wonasue-Wilson said that the workshop would expose them to the business community and how they sustain the economy of Liberia.According to the CEO of Exotic Travel Tours, they learned about customer service relationships and record keeping of businesses as well as accessing finance from financial institutions.Share this:Click to share on Twitter (Opens in new window)Click to share on Facebook (Opens in new window)last_img read more

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  • LIS Holds Naturalization Awareness with Foreign Business Owners

    first_img– Advertisement – Atty. Asatu Bah Kenneth, LIS Deputy Commissioner The Liberia Immigration Service (LIS) on July Wednesday, 17, 2019, held a one-day Alien Naturalization awareness meeting aimed at educating aliens and foreigners about the process of obtaining proper documents.The engagement meeting brought together more than 200 foreign nationals from the Paynesville Red-Light area.Attorney Asatu Bah Kenneth, LIS Deputy Commissioner for Nationalization, said the exercise was to educate foreign nationals and to ensure that the right things are done in line with the law.The Deputy Commissioner believes that in keeping with the laws and regulations of naturalization, immigration officers, as well as citizenship and all other related matters, are the sole responsibility of the agency. “This is why we hosted the interactive engagements with foreign friends, specifically the business community,” she noted.She said it was also necessary to engage members of the business community as of the importance of their being in the country.“We understand the challenges most of you have. This is why we are here to interact with you. Therefore, it is an opportunity for anyone of you to ask the necessary questions,” Atty. Bah challenged the meeting participants.Immigration Commissioner-General Robert Budy said while it is true that there are challenges that aliens face, many of the problems the LIS encounters nowadays come from the non-ECOWAS citizens.”Mr. Budy, “We are a member of the Mano River Union (MRU) and Economic Community of West African States (ECOWAS) countries, so we have free movement of persons, goods and services. The intent is to promote trade and commence for all African states.”He said there are other Africans that come to Liberia to trade, as well as to reside. Therefore, people need to be careful with the application of the alien and naturalization law, which the LIS has to enforce.According to Mr. Budy, whatever is done here negatively counts tomorrow on Liberia, adding that the way we treat other nationals is the same way they will treat ours in their respective countries.He henceforth reminded aliens to understand that the LIS is the only government agency that is responsible for the status of an alien or a foreign national. “Absolutely, no other agency has the authority to deal with naturalization-related issues in the country.Mr. Budy however confirmed the presence of “bad apples” among the LIS, but called on all sides to ensure that they are rooted out.It can be recalled that on previous occasions, the LIS held a series of consultative meetings with aliens and other foreign nationals from Montserrado, Bong, Nimba and Grand Gedeh counties.Meanwhile, the engagement meeting is expected to continue in other parts of the country with aliens and foreign nationals on one hand and the LIS authorities on the other.Share this:Click to share on Twitter (Opens in new window)Click to share on Facebook (Opens in new window)last_img read more

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  • Business Ministry releases new fare structure for minibuses

    first_img…minibuses mandated to display sameThe Business Ministry on Thursday released the new fare structure for several minibus zones, following the recent announcement of a $20 across the board increase which is expected to take effect from September 1.In a release, the Ministry said “all minibus operators are required to by law to display the fare structure in their buses”.Among the zones whose fare structures were released were 31 (Georgetown to Patentia); 32 (Georgetown to Parika); 40, 41, 45, 46 (Georgetown to Kitty/Campbellville, South-North Ruimveldt/Guyhoc, Main Street, Lamaha and Albert, Lodge); 44 (Georgetown to Mahaica); 47, 48 (Georgetown to Back Road, East and West Sophia); and 42 (Georgetown to Timehri).For the zones which were not listed, the Ministry advised that they should contact the head of United Minibus Union, Eon Andrews.The Ministry renewed its call for commuters and drivers, as well as conductors, to honour the new fare structure. Plans were first announced by the BusinessBusiness Minister Dominic GaskinMinistry on August 20 for a $20 increase.The President of the United Minibus Union (UMU), Eon Andrews, said during an interview with Guyana Times, he is satisfied with the Ministry’s decision to implement a $20 increase. He said, “It might not be a lot, but we are satisfied.”In June, the President of the Minibus Union submitted a proposal for not only a fare increase, but for several other requests to ease the pressure on minibus drivers.Although the call for a fare increase came at a time where fuel prices were constantly escalating, Andrews had noted that the call for the additional money was not only due to the fuel prices, but several other issues. Because of this, the Union’s President said even if the fuel prices lower, he would not be willing to drop the transportation costs.“We are saying that, yes, there are increases in many other things. We are not basing our argument on fuel, because we don’t control that in this country,” he said.Guyana Times understands that the Union had initially requested $20 for short drop bus drivers and $40 for drivers who traverse the longer routes.The Federation of Independent Trade Unions of Guyana (FITUG) has labelled the $20 across the board increase in minibus fares as a burden on the beleaguered working people.The Union’s statement came one week after the Government made the announcement of a fare hike.According to FITUG, although it accepts that the operators have found themselves in a difficult position, taking into consideration the ban on used tyres and increases in the costs of licences and fitness in addition to other increases, the new increases, depending on the route, could work out to as much as a 25 per cent hike in fares.The Union pointed out that it believes the new fare structure would now require workers and their families, depending on the number of buses they would have to take, to fork out as much as several thousands more per month on transportation, though promised the ‘Good Life’ by the ruling coalition Government.last_img read more

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  • Have you seen Jimmy?

    first_imgJimmy went missing two days ago in the Gortlee area.He is black, with a white under-chin and, is wearing a luminous yellow collar.He is known to wander around the Ardcrannagh area. If you have information you can contact his owner on 087 7525726 or contact Donegal Daily through our Facebook or email info@donegaldaily.comHave you seen Jimmy? was last modified: August 14th, 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:found catGortleelost catlast_img read more

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  • TOURISM BOOST AS STUNNING MALIN HEAD MARINE PROJECT SET TO BE LAUNCHED

    first_imgMalin Head, Ireland’s most northerly point, is widely accepted as one of Donegal’s most important tourism resources. The region is set to get another tourism boost after it was announced that Donegal County Council in conjunction with the Loughs Agency, Failte Ireland, Malin Head Development Association and National Parks and Wildlife Service are in the process of developing Malin Head as a key visitor destination.To this end funding amounting to €220,341 has been secured from the Interreg IV Programme through the SEUPB to complete a number of actions. Donegal County Council previously provided funding of approximately €35,000 to develop interpretation signage for Malin Head and the surrounding area.Donegal County Council’s Chief Executive Seamus Neely said similar to the ethos behind the Wild Atlantic Way, Donegal County Council see the Malin Head project as an evolving venture which will build and develop over the years.“Malin Head is an area that is rugged, unspoilt and spectacular.“It offers a great visitor experience from walking, fishing, swimming, photography, studying rock formations or rare flora and is a wonderful attraction for the Inishowen Peninsula. “It is the intention of Donegal County Council to develop Malin Head as a first class visitor attraction that helps service the needs of the local community and businesses as well as visitors to the county,” he said.The current phase of the project work is now complete and includes:Roads (widening and passing bays to allow ease of access).Pathways (800m of walkways along the scenic Malin Head point between Banbas Crown and Hells Hole).Accessible viewing platform with multi-lingual talking telescopes. Upgraded parking area to the west of Malin Head with signage and talking telescope.Interpretative Signage Panels for the Walks – Seating.The Malin Head Marine Tourism Project will be launched at Malin Head Community Association, Ballygorman, Malin Head on Tuesday 16 June 2015 at 11.00amTOURISM BOOST AS STUNNING MALIN HEAD MARINE PROJECT SET TO BE LAUNCHED was last modified: June 9th, 2015 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:FeaturesMalin HeadMarine ProjectnewsNoticestourismlast_img read more

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  • Letterkenny’s Lisa in line for Operation Transformation Hero award

    first_imgLetterkenny woman Lisa McMonagle has been nominated for an Operation Transformation Hero award.Lisa, from Glenwoord Park in Letterkenny, is the home-school liaison officer at Letterkenny Educate Together National School.It has been a big few weeks for LETNS, who have just completed their own Operation Transformation, and the new school was officially opened this afternoon. The RTÉ cameras were in LETNS recently and Lisa – who has been working in the school for the last nine years – is in the mix to win.The awards, RTÉ say are ‘to celebrate those that have gone out of their way to make the healthy choice the easy choice for other people across the country.Lisa with Donegal captain Michael Murphy‘This is an opportunity to recognise the contributions of individuals and businesses across the country who contribute to a healthier Ireland.’Lisa travels to Dublin this weekend and the winner will be revealed in Wednesday evening’s episode of Operation Transformation, which airs on RTÉ One at 9.35pm. Letterkenny’s Lisa in line for Operation Transformation Hero award was last modified: February 23rd, 2018 by Chris McNultyShare 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:LETNSletterkennyLetterkenny Educate Together National SchoolLisa McMonagleOperation Transformationlast_img read more

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  • Groves stays cool at tense weigh-in

    first_imgGeorge Groves was almost two pounds under the super-middleweight limit at the weigh-in for Saturday’s world title clash with Carl Froch.Hammersmith’s unbeaten challenger, who was barracked by much of the watching crowd in Manchester, came in at 11st 12lb 6oz, while champion Froch scaled 11st 13lb 12oz.Then Froch, looking more relaxed than he has previously appeared during the pre-fight build-up, spoke into Groves’ ear before the pair were eventually separated.A strong favourite to win and successfully defend his IBF and WBA titles, the Nottingham man, 36, insisted at Thursday’s final press conference that his 25-year-old opponent would be “flattened” in this weekend’s showdown.But Groves, who is making a significant step up in class to face the vastly experienced Froch, believes he will pull off the upset and be crowned world champion.See also:Confident Groves squares up to Froch after final press conferenceGroves reveals his plan to beat Froch in Saturday’s world title clashFroch dismisses Groves’ plan as ‘laughable, ridiculous and stupid’Groves says Froch ‘has 48 hours to readjust’ after gameplan is revealedHearn predicts Groves will go on the attackRelaxed Groves unfazed by Froch – trainerFroch claims Groves will be ‘annihilated’Groves: Froch is wrong, I’m ready for himFroch v Groves: Live 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 Follow West London Sport on TwitterFind us on Facebooklast_img read more

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  • Cote d’Ivoire tops Nielsen’s African investment list

    first_img12 May 2016Cote d’Ivoire is the best sub-Saharan African destination for investors, with South Africa in the top seven, according to Nielsen’s 2016 African Prospects Indicators report. The report, the second published by Nielsen, collects and analyses business, retail and consumer information on sub-Saharan Africa for investors.Nielsen’s assessment lifted Cote d’Ivoire above Nigeria as offering the best return on investment. Kenya, Tanzania, Nigeria and Zambia made up the rest of the top five, with Cameroon at sixth and South Africa at seventh place.“Cote d’Ivoire’s position has improved based on its business outlook dimension, and it continues to rank top in terms of retail sentiment,” Allen Burch, Nielsen Africa MD, told CNBC Africa. “Despite the fact that it comes in third position on broader macro factors, its favourable economic growth and stable inflation climate and recent elections provide a fertile investment environment.”One of the key macroeconomic indicators the report measures is inflation. For Nielsen, inflation indicates conditions directly affecting consumers and their ability to save, spend or invest. Higher inflation creates unfavourable conditions and constrains growth. Zambia, for example, is notable as having the best ranking for consumers.Nielsen rankings: countries and categoriesTypes of media used in AfricaOverall opportunities for investment in AfricaAccording to Tarek Sultan Al Essa, CEO of Board of Agility in Kuwait, one of the six reasons there must be investment in Africa is that the continent needs connectors. “Lack of infrastructure hinders growth of imports, exports and regional business,” he wrote in WEF Agenda. “Companies that can connect Africans and markets can prosper.“Lessons from Dubai and Singapore tell us that once an infrastructure race is on in a rapidly expanding market, being the first mover is a significant advantage for investors.”The other factors Sultan Al Essa cited as improving investment prospects in Africa are:African trade barriers are falling and intra-African trade holds enormous potentialIncreased processing of local commodities – such as minerals, coffee and cotton – rather than exporting them in raw form could drive growth. That said, it will continue to be a challenge for regions with poor power and infrastructure to compete as global manufacturers.Customers are changing“Educated, urban professionals are young, brand-aware and sophisticated in terms of their consumption,” said Sultan Al Essa, adding that small to medium enterprises need to meet the demands of working alongside international supply chains to better compete with global brands.Digital transformationAfrica leads the world in mobile adoption. Improved communications infrastructure offers Africa new and innovative cross-sectoral economic opportunities. Ethiopia set up a telephone hotline in 2014 allowing small farmers immediate access to advice from agronomists. Over 3-million calls were received in the first six months of the pilot programme.Africa is diversifyingAfrican countries are packaging themselves to appeal to a broader set of investors. These countries are beginning to place bets on non-commodity areas where they can be competitive.Africa can lead in sustainable developmentIt is an advantage that Africa has so much unused or poorly used arable land. This gives the continent the opportunity to reap big agricultural breakthroughs and improve productivity in food production. Sources: CNBC Africa and the Africa’s Prospects Indicators digital report.last_img read more

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  • Financial Planning Metrics

    first_imgBy Barbara O’Neill, Ph.D., CFP®, Rutgers Cooperative Extension, oneill@aesop.rutgers.eduHappy New Year! During January, many military families, like all Americans, make resolutions to improve their personal finances and other aspects of their lives (e.g., health habits). They may be especially interested in tools and techniques that help them assess their financial strengths and weaknesses.Happy New Year by amorimbiotec is licensed Public Domain CC0 via Pixabay.comThe word “metric” is used a lot in both the health and financial fields. According to an online dictionary, “metric” can be defined as “a system of measurement that facilitates the quantification of some particular characteristic.” Many people are interested in measuring their progress or status and tools with which to do it. Whether it is financial literacy, or school test scores, or health and lifestyle habits, people want ways to determine how they “measure up.”Following are some commonly used financial planning metrics:Consumer Debt-To-Income Ratio- Monthly consumer debt expenses (excluding a mortgage) should not exceed 15% of take-home pay. This includes payments for credit cards, car loans, and student loans. A debt-to-income ratio of 20% or more is considered a “danger zone” and a red flag for financial distress.Credit Score- The higher the number, the better. FICO credit scores range from 300 to 850 with those in the 760+ range considered the best evidence of creditworthiness. People with high credit scores generally pay lower interest rates to borrow money than others.Emergency Fund– Financial experts generally recommend having access to enough cash to cover household expenses for at least three to six months. This money can be a combination of liquid assets (e.g., money market fund) and lines of credit (e.g., home equity line).Expense Ratios- An expense ratio is the percentage of mutual fund assets deducted for management and operating expenses. The lower the expense ratio percentage, the less investors pay; for example 0.20 (1/5 of 1%) versus 1.5%. High expense ratios are a drag on investment returns and should generally be avoided.Inflation Rate– Some people use the annual inflation rate (measured by the Consumer Price Index or CPI) as a benchmark and try to have their investments outpace it by a certain percentage.Investment Returns on Specific Securities– Investment performance is generally tracked against market indices. Indices are portfolios of stocks or bonds that are tracked to monitor investment performance. Some common indices used to measure personal investment performance against include the Standard and Poor’s 500 (tracks 500 large U.S. company stocks), Wilshire 5,000 (tracks all U.S. stocks), and MSCI EAFE index (tracks the performance of stocks issued by overseas companies).Net Worth- Net worth is calculated by subtracting household debts from household assets. A benchmark for net worth, described in the book The Millionaire Next Door, is calculated by multiplying your age by your pre-tax (gross) income, excluding inheritances, and dividing by ten. This number, or higher, is what your net worth should be. For example, if you are age 35 with a $40,000 gross income, 35 x 40 = $1.4 million, divided by 10 = $140,000 for an adequate net worth.Retirement Savings– A general guideline is to save $300,000 for every $1,000 of monthly income needed to supplement a pension and/or Social Security needed in retirement. For example, $2,000 of supplemental monthly living expenses would require about a $600,000 nest egg. This calculation is based upon the frequently cited “4% Rule” for retirement asset withdrawals. Four percent of $300,000 is $12,000 per year or $1,000 per month. Studies have found that portfolios of 50% stock and 50% fixed-income and cash assets will generally last 30 years with a 4% withdrawal rate.U.S. Household Financial Data– Statistics from federal government databases, such as the Survey of Consumer Finances and Bureau of the Census data, provide useful financial benchmarks. Average household expense figures, asset holdings, and net worth can all be used for comparison purposes.last_img read more

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  • ‘Tender floated for Gaurav Yatra even after HC notice’

    first_imgThe BJP government was caught on the wrong foot in the Rajasthan High Court on Tuesday, when the petitioners in a public interest litigation claimed that a tender of ₹23 lakh was floated for Chief Minister Vasundhara Raje’s ‘Gaurav Yatra’ in Sirohi district on the pretext of a “development exhibition for a VIP visit”, even when the matter was sub judice.The High Court was hearing the PIL, moved by lawyer Vibhuti Bhushan Sharma and social activist Sawai Singh, alleging misuse of government machinery and challenging the reported expenditure from the treasury for the Yatra which is a BJP’s programme ahead of the State Assembly election. The petitioners filed a fresh application contending that the State government had misled the court and was guilty of contempt, as it had claimed that a previous order issued to the Public Works Department (PWD) to make arrangements for setting up the stage, sound system and decoration for the march had been withdrawn.A Division Bench headed by Chief Justice Pradeep Nandrajog asked the State government to file its reply and posted the matter for hearing on August 25. The impugned e-tender was floated by the PWD, Abu Road, on August 14 for a work order worth ₹23 lakh during the Gaurav Yatra’s stopover in Pindwara town.The BJP submitted an affidavit, in compliance with the High Court’s direction, with the details of expenditure made during the Yatra’s first phase. The affidavit, which did not append any bills with it, stated that an expenditure of ₹1.07 crore was undertaken for the Yatra.The State government had earlier informed the court that the Yatra was being organised by the BJP and no public money was being spent on it.last_img read more

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