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Former NSE boss gets a new job

Chris Mwebesa has been appointed the new Managing Director of CfCStanbic Financial Services.Last week, Mwebesa quit as the CEO of the Nairobi Stock Exchange.

Mwebesa bows out early as stock market boss

Kenya’s stock market suffered a blow on Wednesday, with the shock resignation of its chief executive.The Nairobi Stock Exchange 20-Share Index shed 43.95 points, to close at 3,560.51, down from 3,604.46 the previous day a marginal 1.2 per cent drop.

Gov’t Announces New Stock of Rice for Sale

The government of The Gambia has a stock of rice for sale ata reduced price of D750 per bag, a news release from the office of thePresident reveals.According to the release, this price level is meant toassist Gambian consumers during the holy month of Ramadan. The release saysthat the rice will be distributed to mayors, governors and chiefs who are requestedto collect their allocations as from tomorrow Wednesday, 10 September 2008. Therelease says the rice will be sold to only inhabitants of...

Janjangbureh Chief Warns Animal Owners to Control Stock

The Chief of Janjangbureh district, Seyfo Bakary Jam Jawo, has urged cattle, sheep and goat owners in his district to keep their livestock away from people’s farms. Chief Jam Jawo made these remarks while passing judgement on one Ebrima Jawo a herdsman who was found guilty of letting his cattle graze on the presidents rice farm in Janjangbureh. According to him, farming is very difficult and animal owners should respect farmers as their survival depends on farming. “How would you feel as a...

Kombo South District Chief Urges Animal Owners to Control Stock

The Chief of the Kombo South District, Alhagie Sheriff Ajeh Janneh, has appealed to cattle, sheep and goat owners in his district to keep their animals from eating people’s crops. Chief Janneh made his remarks in an interview with The Point at his residence in Gunjur. Chief Janneh said that anybody whose cattle are found eating people’s crops will face severe penalties. He revealed that it is very difficult to farm and animal owners should respect farmers and always make sure that they keep...

COTE D'IVOIRE: Diabetes sufferers call for government action on "neglected" disease

Diabetes patients in Cote d’Ivoire are appealing for help, as a lack of insulin in the country’s public pharmacies has put the medicine out of reach for most, adding to the burden diabetics already face in fighting their disease in one of the poorest countries in the world. “The situation has become so critical,” said Jonas Yao, vice president of the national association of diabetics. “People are going to die.” The national stock of insulin ran out in March, making the medicine available only...

GT Bank Gets Listed on London Stock Exchange

The Point has been reliably informed that Guaranty Trust Bank, Plc. has achieved the prestigious honour of a place on the London Stock Exchange, becoming the first African bank to be listed at such exalted business level. In a press release sent to this paper, the GT Bank management reported that the bank has closed its $750 million offer for subscription of Global Depository Receipts, which was oversubscribed by 15%. In the press release conveying the good news, the bank noted that...