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Showing posts from April, 2015

Chinese Tech Entrepreneur Is Now The World's Richest Self-Made Woman

Chinese entrepreneur Zhou Qunfei already had a lot to be proud of going into 2015. The touch-screen manufacturer she leads, Lens Technology, had built up a blue-chip customer list in the growing smartphone industry that included Apple and Samsung. And the company was awaiting permission to list at China’s Shenzhen Stock Exchange this year. Zhou quickly notched up an accolade after the stock’s trade debut on March 18 by becoming the richest woman in the global tech industry.  With the passing of a month and a more than 300% rise in the company’s share price, the one-time factory worker has achieved another milestone: Zhou is also the world’s wealthiest self-made woman. Forbes estimates of China’s 400 billionaires and billionaire families unveiled today put Zhou’s fortune at $10.2 billion. That topped Chinese real estate developer Chan Laiwa, who ranked No. 2 among self-made women with $8.1 billion. Greater China is home to fully half of the world’s richest self-made women. Rounding out th…

Presidential run-off would have led to crisis –Jega

The Chairman of the Independent National Electoral Commission, Prof. Attahiru Jega, said on Tuesday that a presidential run-off would have led to a crisis in the country.
Jega, in his first public comment on the March 28 and April elections, predicated his assertion on what he called many lacunas in the amended Electoral Act. He suggested during a   dialogue session with the Nigeria Civil Society Situation Room in Abuja, an amendment to the electoral law since it provides for only seven days after the first election to hold a run-off. He   said the   incoming administration of Muhammadu Buhari should not wait till 2019 general elections before reviewing the Electoral Act. Jega disclosed that he was happy when the March 28 presidential poll produced a clear winner. He said there was no way that INEC could have successfully conducted a run-off election within seven days as provided for in both the 1999 Constitution and the Electoral Act. The INEC boss said, “I heaved a heavy sigh of relief wh…

Pres. Jonathan sacks Inspector General of Police, Suleiman Abba

The Inspector General of Police, Suleiman Abba, has been sacked by president Jonathan. Here is the press statement.... President Goodluck Ebele Jonathan has relieved the Inspector-General of Police, Mr. Suleiman Abba of his appointment and duties with immediate effect. President Jonathan has also appointed Deputy Inspector-General of Police, Mr. Solomon Arase as Acting Inspector-General of Police, also with immediate effect. Until his appointment as Mr. Abba’s replacement, Mr. Arase was the Head of the Force Criminal Intelligence and Investigation Department. Mr. Arase holds Bachelors and Masters Degrees in Law, as well as  Bachelors and Masters Degrees in Political Science and Strategic Studies.   He is also a Fellow of the Nigerian Defence College. Reuben Abati Special Adviser to the President (Media & Publicity) April 21, 2015

South Africa to deploy soldiers to the streets to quell Xenophobic violence

South African Defence Minister, Nosiviwe Mapisa-Nqakula, said the soldiers will be deployed to Alexandra township, north of the main city Johannesburg. She said the Troops will not take over the responsibilities of the police but would assist in maintaining order.