Gardentalk – Young fruit tree care and feeding

first_imgFertilize your fruit tree with compost, seaweed, fertilizer or fruit tree spikes placed around base of tree along the drip line.Water your fruit tree well.Place landscaping fabric, mulch, wood chips or cardboard around the base of the tree to keep the weeds down.Four-foot high wire fencing placed in a circle around the tree will make it difficult for hungry porcupines and deer.In Southeast Alaska, Buyarski said cherries should be ripe in late July through early August. Apples should be ripe at the end of August through October.Share this story: Food | Gardentalk | OutdoorsGardentalk – Young fruit tree care and feedingJune 16, 2017 by Matt Miller, KTOO Share:Extreme close-up of new cherries growing from a young Telephone Hill cherry tree planted at the KTOO Agricultural Test Station and Garden of Science. (Photo by Matt Miller/KTOO)Extreme close-up of a new cherry growing from a young Telephone Hill cherry tree planted at the KTOO Agricultural Test Station and Garden of Science. (Photo by Matt Miller/KTOO)12 read more

Pfizer share price rises on third quarter earnings – but no hint of new AstraZeneca bid

first_img Pfizer share price rises on third quarter earnings – but no hint of new AstraZeneca bid Show Comments ▼ Shares in pharmaceutical giant Pfizer rose 1.8 per cent in New York pre-market trading after it posted expectation-beating third-quarter results.Although earnings for its third quarter fell to 57 cents a share, down from 58 cents a share a year earlier, the figure beat analyst expectations of 55 cents a share. Revenues also fell, to $12.36bn (£7.67bn), down from $12.58bn a year ago.The company made no reference to any plans for further acquisitions, after its advances on UK rival AstraZeneca were spurned in May. On Friday, Pfizer’s board approved a fresh $11bn share buyback plan, suggesting it is unlikely to have another go at buying AstraZeneca when a ban on bidding for the company expires later this year.Ian Read, the company’s chairman and chief executive, said emerging markets had generated solid revenue growth. “[We] see these geographies are continuing to offer attractive growth opportunities for the company.”We remain strategically focused on driving increased innovation and enhancing our global competitive position both in terms of operational and financial efficiencies and remain opportunistic regarding business development that can enhance or accelerate our strategy. Given our continued strong financial position, I see Pfizer as well positioned to potentially allocate capital for the benefit of shareholders across multiple financial and strategic opportunities. More From Our Partners LA news reporter doesn’t seem to recognize actor Mark Currythegrio.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgFort Bragg soldier accused of killing another servicewoman over exthegrio.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgColin Kaepernick to publish book on abolishing the policethegrio.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Emma Haslett Tags: AstraZeneca Company Share Tuesday 28 October 2014 8:04 am whatsapp whatsapplast_img read more

Eurozone trade surplus lifts as imports tumble

first_img whatsapp Eurozone trade surplus lifts as imports tumble Monday 16 February 2015 8:28 pm by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailMaternity WeekA Letter From The Devil Written By A Possessed Nun In 1676 Has Been TranslatedMaternity Weekzenherald.com20 Rules Genghis Khan’s Army Had To Live Byzenherald.comForbesThese 10 Colleges Have Produced The Most Billionaire AlumniForbesMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesComedyAbandoned Submarines Floating Around the WorldComedyDefinitionThe Most Famous Movie Filmed In Every U.S. StateDefinitionTheFashionBallPrince Harry Admits Meghan Markle May Not Be The OneTheFashionBallSenior Living | Search AdsNew Senior Apartments Coming to Scottsdale (Take A Look at The Prices)Senior Living | Search Ads Show Comments ▼ Sharecenter_img whatsapp Tags: Eurozone FALLING imports and rising exports of goods pushed the Eurozone’s trade surplus to a record high in December, official data showed yesterday.The surplus increased to €24.3bn (£18bn) in December, up from €13.6bn in a year earlier.Such a strong figure should boost GDP in the troubled currency area, but also reflects the weak demand afflicting the continent.Exports of goods to non-Eurozone countries fell by 1.1 per cent on the month to €161.5bn, but the surplus widened because imports fell more quickly, down two per cent to €137.2bn.On the year the surplus jumped 27.9 per cent to €194.8bnBut economists predicted a healthier rise in exports over the coming year, thanks to the fall in the value of the euro against the dollar and the pound.“Exporters are likely to fare better in 2015, benefiting not only from the fall in the euro but also strong growth in key export markets such as the US and the UK,” said Jessica Hinds from Capital Economics.“Indeed, the depreciation of the euro suggests that the annual pace of export growth should continue to pick up in the coming months. However, the ongoing uncertainty over Greece and its future in the Eurozone may soon start to weigh on global business sentiment, hitting exporters.”The Eurozone’s biggest trading partner from January to November 2014 was the UK, which imported €235bn of goods from the region, and exported €147.7bn to the currency zone. More From Our Partners Porsha Williams engaged to ex-husband of ‘RHOA’ co-star Falynn Guobadiathegrio.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgMan on bail for murder arrested after pet tiger escapes Houston homethegrio.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgColin Kaepernick to publish book on abolishing the policethegrio.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgKansas coach fired for using N-word toward Black playerthegrio.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comFans call out hypocrisy as Tebow returns to NFL while Kaepernick is still outthegrio.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comFort Bragg soldier accused of killing another servicewoman over exthegrio.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comLA news reporter doesn’t seem to recognize actor Mark Currythegrio.comKiller drone ‘hunted down a human target’ without being told tonypost.comA ProPublica investigation has caused outrage in the U.S. this‘Neighbor from hell’ faces new charges after scaring off home Express KCS last_img read more

News / Whitehall unveils Brexit border operating model – but the tech may prove tricky

first_img“Government appears to have woken up to the fact that customs procedures are complicated and are not simply about ticking a few boxes.”But he added: “We remain concerned that the information delivered today was not made available earlier and that some of the details appear to be at the conceptual stage, with detail lacking.“This will make the timeframes for consultation, and then devising the appropriate IT systems, extremely challenging.“Even with a phased transition that comes with the new border operating model, and yesterday’s commitment to a further £705m investment to fund new infrastructure, jobs and technology at the GB-EU border, we remain concerned on a number of issues, including the recruitment of staff qualified and experienced in customs procedures, and the lack of available time to train newcomers, which is not a five-minute job.”Without new technology, there is a likelihood of congestion at the border and severe delays. One new announcement is a Smart Freight System (SFS) for the ro-ro industry.The government document says: “The service would be introduced for ro-ro freight travelling from the UK to the EU and would help ensure that only vehicles carrying the correct documentation for member state border controls travel to ports.“We anticipate that the SFS would include a web-based portal that provides support to the wider border industry, by signposting information related to exporting goods from the GB to the EU. The web portal would require that details of the HGV being used to transport goods to a particular port are submitted in advance of the journey commencing.”It added that the SFS could be used for traffic management, and that drivers who had not used it could face fines. The government said it would consult with industry over the summer.However, one technology expert said its success would hinge on tight control of data at the border.“The success of the SFS will be determined by its capability to manage the swathes of data that run through the system,” said Mike Kiersey, Boomi principal technologist.“While the exact details are still somewhat unclear, it is certain that the system will need to be integrated with the relevant tax authorities to ensure a smooth passage. This will be a delicate process, and one that will depend on the digital ecosystem set in place and the connectors at its core.“A siloed approach will not work here, with the need for access to real-time data. Core legacy applications across government departments need to be open via APIs to enable emerging technologies to enter the architecture to help digitally capture information at the borders.“To ensure a single ‘track and trace’ view of freight, clean and trusted data must be captured into a single master data hub to record critical information. These systems need to be able to capture, prepare and process the data to ensure swift processing times and avoid traffic deadlock.”The SFS is not the only technology that has industry concerned. The Goods Vehicle Movement Service (GVMS) is meant to solve challenges created by the surge in declarations that the UK will face, initially to Northern Ireland in January, and then to the EU from July.It will work by pre-lodging approved declarations and other related paperwork into a GMR (goods movement reference), enabling hauliers to move goods through the port of entry quickly.It is not expected to be ready for testing until November, despite its January launch, and many in the industry are worried that systems which have to connect with it won’t be ready.“There is a good chance of HMRC getting it ready, but it requires ports, hauliers and forwarders to connect with it,” explained Peter MacSwiney, chairman of ASM UK. “That’s extremely unlikely, as we only heard about it a couple of weeks ago. And the government has quite a bit of functionality to add.”He said the industry was already struggling: for example, Northern Ireland is not listed as a separate country in systems, so it is not possible to create an entry for it, requiring more work.“All these are little things that no one thinks about, and everyone is very busy doing that. It’s quite a bit of work and then suddenly to have something else thrown into the mix is a bit difficult. And in road freight, nothing is standardised, so trying to input data is very, very difficult.“The UK will say, it’s ok, let it go. But I can’t see the French wanting to do the UK any favours.”Major recent technological disasters by the UK government, particularly the expensive failure of a Covid-tracing app, has not boosted industry confidence.Brian McGrath, chief executive and harbour commissioner at Foyle Port, said:  “I don’t think the track record of government in terms of that sort of technology implementation would give anybody a great deal of comfort.” By Alex Lennane 14/07/2020 © Rawpixelimages center_img The UK logistics industry has welcomed more clarity in the government’s new border operating model, but has warned that many details are still lacking, making the timeframes “extremely challenging”.The 206-page document, published yesterday, outlines protocols for borders and differing commodities, but a lot relies on new technology, which is either not completed or not currently compatible with industry systems.However, the British International Freight Association (BIFA) welcomed an acknowledgement that forwarders play a crucial role in managing customs procedures.“Today’s announcement makes it very clear that importers/exporters, in particular those that have previously only traded with the EU, really need to consider what they need to do, collect data, appoint someone to act on their behalf and give the intermediary the necessary information,” said director general Robert Keen.last_img read more

Follow the money to understand how drug profits flow

first_img The prescription drug world is in turmoil. Pharmacy giant CVS is buying Aetna, an insurance company, and Amazon appears to be entering the pharmacy market. Meanwhile, Alex Azar, President Trump’s nominee for secretary of Health and Human Services, indicated in his confirmation hearing that drug pricing will be his top priority, although he offered few details.Before assessing the implications of the moves by the companies, or contemplating any federal interventions in the market, we need an accurate picture of how drug profits flow.  Congress seems to have grasped this concept.  A House Energy and Commerce subcommittee hearing Wednesday was just the latest of several examinations of the drug supply chain.Only by following the money will a clear understanding emerge of the economic forces roiling the industry and driving price increases. While drug spending moderated last year, the average wholesale or “list” price set by manufacturers on branded drugs rose 12.4 percent in 2015 and increased 10 percent or more annually for each of the prior three years.advertisement Neeraj Sood @SchaefferCenter [email protected] Newsletters Sign up for Pharmalot Your daily update on the drug industry. Please enter a valid email address. Tags pharmaceuticals [email protected] Leave this field empty if you’re human: Still, manufacturers sometimes engage in questionable tactics. For example, when a generic drug threatens a branded drug, its maker might sue the generic manufacturer to delay market entry. The Trump administration needs to examine these practices to ensure a clear path to generics and biosimilars, which are more complicated to manufacture.Do some insurance designs unnecessarily hurt consumers?Insurance companies can put pressure on prices when they increase cost sharing for consumers or copayments for highly priced drugs. But high out-of-pocket costs hit consumers who need expensive drugs and penalize those who do not respond to less-expensive therapies. This results in the sickest patients taking the largest financial hits, and also helps explain why drugs get so much attention from consumers.Similarly, high-deductible health plans can hurt consumers by making them pay the full list price for a drug until their deductibles are met. For many generic drugs, consumer copays frequently exceed the cost of the drug.President Trump has said the drug industry “gets away with murder.” To prove that, he needs better forensics. Only with greater financial transparency throughout the drug distribution chain can we assess if and where it is producing inefficiencies and hurting consumers. Then we can formulate remedial action, or at least enroll in Amazon Prime.Neeraj Sood is vice dean for research and professor at the Sol Price School of Public Policy at the University of Southern California. Dana Goldman is director of the USC Schaeffer Center for Health Policy & Economics. He is a co-founder of Precision Health Economics, a life sciences consultancy, and owns equity in its parent company. Karen Van Nuys is a senior economist at the Schaeffer Center. Each of the authors has consulted for the pharmaceutical industry. @SchaefferCenter Related: By Neeraj Sood, Dana Goldman, and Karen Van Nuys Dec. 15, 2017 Reprintscenter_img About the Authors Reprints Overall, more than $1 out of every $5 spent on prescription drugs goes toward profits in the manufacturing and distribution systems. Are any of the companies in the chain racking up excess profits, and will mergers make matters better or worse? To answer those questions, the Department of Health and Human Services, the Department of Justice, and the Federal Trade Commission need to consider three essential questions.Are sectors in the chain too concentrated?The top three pharmacy benefit managers, which negotiate drug prices on behalf of insurers and self-insured employers, dominate 85 percent of their market. The top three wholesalers and retailers account for 66 percent and 49 percent of their markets, respectively. That kind of market power makes higher consumer prices much more likely. Pharmacies, for example, can charge widely varying prices for the same product, and the uninsured often pay more than customers with insurance.On the flip side, concentration can decrease prices within the chain itself. PBMs argue that their large size enables them to make better deals. But how much of that market power results in lower prices for clients versus higher profits for the PBMs?What constitutes a ‘fair return’?The net profits of companies that make brand-name drugs are much higher than those of other players in the distribution system. But those companies are putting billions of dollars on the line in what is clearly a risky pipeline. Government-granted patents are designed to compensate them for this risk. The other players in the distribution system do not bear similar risks or earn similar returns. The CVS Health logo appears above a trading post on the floor of the New York Stock Exchange. The pharmacy giant is buying insurer Aetna as it tries to position itself as a one-stop shop for Americans’ health care needs. Richard Drew/AP Karen Van Nuys Who wins and who loses if Amazon enters the prescription drug business Dana Goldman First OpinionFollow the money to understand how drug profits flow Privacy Policy [email protected] Drug makers point out, correctly, that they give discounts and rebates to middlemen, so their net prices have risen more slowly, only 2.8 percent in 2015. But consumers aren’t seeing much relief. Privately negotiated deals among manufacturers, insurers, pharmacy benefit managers (PBMs), pharmacies, and wholesalers result in an opaque drug distribution chain that can mask where profits accrue.Using financial information from the Securities and Exchange Commission and other regulatory agencies, we and other colleagues have explored how the money flows. For every $100 spent on branded prescription drugs, roughly $76 goes to manufacturers while $24 ends up in the supply chain with insurers, wholesalers, pharmacies, and pharmacy benefit managers. With generic drugs, the story is different. Manufacturers capture only $36, while companies in the supply chain keep $64. One can see why Amazon is so interested.advertisementlast_img read more

Six Florida players become millionaires in Powerball Lottery drawing

first_imgPolice looking for driver who whacked mailboxes in North Port June 2, 2021 Florida is among the top-selling Powerball states in the country, with more than 100.8 million winning tickets totaling more than $2.9 billion in prizes, including 14 jackpot winners. Florida was also one of the three states nationally to have a winner share in the world record-setting $1.586 billion Powerball jackpot in January 2016, according to the Florida Lottery. The next Powerball drawing will be held Wednesday, January 27, at 10:59 p.m., with an estimated $20 million jackpot. The drawing will be broadcast live from the Florida Lottery’s draw studio in Tallahassee. Drawings are also available for viewing on the Florida Lottery website and its official YouTube channel. Winning numbers are available on the Lottery’s website, free mobile app, at retailers statewide, and by phone at (850) 921-PLAY. AdvertisementDC Young Fly knocks out heckler (video) – Rolling OutRead more6 comments’Mortal Kombat’ Exceeded Expectations Says WarnerMedia ExecutiveRead more2 commentsDo You Remember Bob’s Big Boy?Read more1 commentsKISS Front Man Paul Stanley Reveals This Is The End Of KISS As A Touring Band, For RealRead more1 comments Man arrested for dumping 2,000 pounds of debris in North Port June 2, 2021 RELATEDTOPICS Advertisement Burn ban issued for City of North Port May 27, 2021 AdvertisementTags: LotteryNorth Port TALLAHASSEE, Fla.- Six people in Florida cashed in on winning tickets from Saturday’s Powerball drawing, the Florida Lottery announced Monday. Four players won $1 million each and two players won $2 million each. One of the people who won $2 million bought their ticket at a gas station in North Port. The winning tickets matched all five of the white ball numbers but did not match the Powerball number.Florida’s winning $1 million POWERBALL tickets were sold at:Speedway, located at 3500 South Babcock Street in Melbourne7-Eleven, located at 902 Margaret Street in JacksonvilleTom Thumb, located at 3008-A North Jefferson Street in MariannaHemky LLC, located at 4415 South Highway 27 in Clermont.Florida’s winning $2 million POWERBALL with Power Play® tickets were sold at: Advertisement7-Eleven, located at 20361 Old Cutler Road in Cutler BayWalmart Market Fuel Station, located at 4884 Stauffenberg Lane in North PortThe $23.2 million Powerball jackpot was won in New Jersey. Saturday’s drawing produced a total of 43 second-tier winners, which is the largest numbers of millionaires created in a single US Lottery drawing in the last 5 years, according to the Florida Lottery.The winning tickets were spread across 18 jurisdictions including: Arizona, California, Florida, Georgia, Illinois, Massachusetts, Missouri, Montana, New Hampshire, New Mexico, New Jersey, New York, North Carolina, North Dakota, Puerto Rico, Texas, Washington, and Wisconsin.Since joining Powerball in 2009, the game has generated more than $2.2 billion in contributions to education statewide. AdvertisementRecommended ArticlesBrie Larson Reportedly Replacing Robert Downey Jr. As The Face Of The MCURead more81 commentsGal Gadot Reportedly Being Recast As Wonder Woman For The FlashRead more29 comments Cape Coral man wins $1 million from Florida Lottery June 6, 2021 Advertisementlast_img read more

ASC to hear arguments in Suncor’s hostile takeover bid of COS

first_img Facebook LinkedIn Twitter In response, COS enacted a new shareholder rights plan — also known as a poison pill defence — designed to buy it more time to find alternatives to Suncor’s offer. A takeover bid must be open for 120 days in order for it not to trigger the poison pill. Suncor’s 60-day offer expires on Dec. 4. Suncor argues the shareholder rights plan should be struck down and that COS shareholders should have the opportunity to decide for themselves whether to take the deal. An affidavit filed to the securities commission says several other parties have been scoping out a deal with COS. RBC Capital Markets’ Jamie Anderson, who is advising COS, said in the filing that 25 parties are kicking the tires and four “highly credible” ones have signed confidentiality agreements. “I firmly believe that with more time to run our process, there is a good prospect for one or more counterparties to make a proposal,” Anderson said in the affidavit. “In my opinion, a 60-day period to canvas the range of parties interested in the COS opportunity, to permit them to undergo due diligence and to negotiate an alternative transaction is simply insufficient in these circumstances. I firmly believe 120 days is a more realistic time period.” COS has derided the Suncor offer as too low, opportunistic and exploitive. “If Suncor had confidence in the merits of its bid, it wouldn’t be trying to ram it through by challenging our shareholder rights plan. It would not need to try to steal time for a decision from our shareholders,” CEO Ryan Kubik said earlier this month. Suncor has warned COS shareholders that failing to accept its offer is a risky proposition, given the likelihood of a prolonged downturn in oil prices. Suncor has described its offer as “full and fair” and has signalled it won’t be sweetening the deal. In its filings with the Alberta regulator, Suncor called the creation of a new shareholder rights plan in the face of the offer was “an improper defensive tactic” that the regulator should not allow to remain. “No Canadian company has ever taken such a step in the face of an offer that complied with the permitted bid provisions of its existing, shareholder-approved, rights plan,” Suncor said. “In essence, the COS Board has taken upon itself the ability to change the very rules it created and its shareholders approved, once the contest had already begun.” Suncor also said it could not make any assurances that it would extend its offer if the new rights plan is allowed to remain in place. Both companies are partners in the Syncrude oilsands project north of Fort McMurray, Alta. COS has a 37 per cent stake, which is its main asset. Suncor has a 12 per cent share of Syncrude and has vast oilsands operations in northeastern Alberta. Lauren Krugel OSC denies Wi LAN bid to cancel Mosaid poison pill Related news Differing frameworks for shareholder rights plans TSX lacked jurisdiction in CI shareholder vote, says OSC Keywords Shareholder rights plansCompanies Alberta Securities Commission Share this article and your comments with peers on social media The Alberta Securities Commission will hear arguments today into whether Canadian Oil Sands should be allowed to keep its defence against hostile takeovers. Suncor Energy took a $4.5-billion all-stock offer directly to shareholders on Oct. 5 after attempts at inking a friendly deal were rebuffed by COS leadership in the spring. last_img read more

Jamaica Railway Corporation Lands to be Divested

first_imgAdvertisements RelatedJamaica Railway Corporation Lands to be Divested RelatedJamaica Railway Corporation Lands to be Divested FacebookTwitterWhatsAppEmail Cabinet has given approval for the Ministry of Transport and Works to sell lands owned by the Jamaica Railway Corporation (JRC) which are not required for the operation of the railway. The estimated value of the lands is J$445.6M.Minister with responsibility for Information, Daryl Vaz said the provision of railway facilities and other services to West Indies Alumina Company (WINDALCO) and the bauxite sector in general, have been the key revenue earning activities of the JRC since the closure of the railway in October 1992.He said the present crisis in the bauxite sector has crippled the ability of the JRC to operate as a self-financing entity and the Corporation has been further affected by the decision of WINDALCO to suspend its operations for 18 to 24 months with effect from March 1, last year.Minister Vaz was speaking at the weekly Post cabinet Press Briefing yesterday (March 3). He said the Ministry of Transport and Works is empowered under the Jamaica Railway Corporation Act to dispose of the JRC’s property.center_img RelatedJamaica Railway Corporation Lands to be Divested Jamaica Railway Corporation Lands to be Divested TransportMarch 4, 2010last_img read more

ODPEM Turns Attention to Needs Identified by Cabinet

first_imgFacebookTwitterWhatsAppEmail The Office of Disaster Preparedness and Emergency Management (ODPEM) will now place focus on priority needs as identified by Cabinet, as it wraps up its initial response to marooned communities in the aftermath of Hurricane Sandy. “All of our major humanitarian/welfare relief support in the first phase will be wrapped up today based on the information we have received that the access ways are pretty much restored to the communities we were serving that would have been cut off,” said the agency’s Director General, Ronald Jackson at Wednesday Jamaica House Press Briefing. “We are turning our attention to looking at the priorities that have been identified coming out of the presentations to Cabinet…and we are working now with our partner agencies and our Ministries and some of our international donor partners to look at how we treat with those priorities as at today,” he said. He noted, however, that the agency will still “deal with individuals, who may have been missed along the way”, but this will be done on “a case-by-case basis”. He informed that additional resources were today deployed to sections of Portland, along with an officer from the agency “to give support to the local authority as they deal with the communities there that still require assistance.” The Director General said the agency will also be providing temporary roof cover for approximately 3,500 homes that were affected during the passage of the storm. “…When we talk about temporary roofing, we are dealing strictly with tarpaulins and that is just for the immediacy. Certainly, we are going to be looking at how we support those persons, who would have been totally destroyed,” he said, adding that a precise figure of the cost has not yet been tabulated. Hurricane Sandy affected the island on October 24. Preliminary estimates put the damage to the country at over $5 billion, with agriculture being the worst affected sector. ODPEM Turns Attention to Needs Identified by Cabinet EnvironmentNovember 1, 2012 RelatedODPEM Turns Attention to Needs Identified by Cabinet RelatedODPEM Turns Attention to Needs Identified by Cabinetcenter_img RelatedODPEM Turns Attention to Needs Identified by Cabinet Advertisementslast_img read more

MTN in line for Jumia IPO windfall

first_img Tags Author Chris joined the Mobile World Live team in November 2016 having previously worked at a number of UK media outlets including Trinity Mirror, The Press Association and UK telecoms publication Mobile News. After spending 10 years in journalism, he moved… Read more MTN eyes $6B valuation for money unit Related Home MTN in line for Jumia IPO windfall ByteDance makes IPO progress IPOMTNNigeriacenter_img Chris Donkin MTN Group could raise $600 million from a listing of Africa-focused online retailer Jumia, Bloomberg reported, cash the operator is set to use to cut debt.The IPO is rumoured to be slated for New York Stock Exchange and could value the Nigeria-based retailer at $1.5 billion, the news outlet said without offering any expected timescale.Jumia operates in several markets in Africa and is one of the most successful start-ups to come out of the continent. MTN is the retailer’s largest shareholder, with the investment divisions of Millicom and Orange among the other companies holding a stake.The potential windfall could be well timed for MTN. In addition to its ZAR69.8 billion ($5.1 billion) of existing debt, reported during its interim results statement for the six months to end-June 2018, the company is awaiting a hearing about a $2 billion tax demand in Nigeria.Having been postponed twice already, the tax case was adjourned again late last week, with a new date set for 26 March, Business Day reported.The operator has already settled a separate dispute with the country’s central bank over repatriated funds. It is also expected to press on with plans for an IPO of MTN Nigeria, which has been on the table since 2016 but held up by the operator’s various issues with the country’s authorities. Subscribe to our daily newsletter Back Previous ArticleAirtel agrees merger with Telkom in KenyaNext Article9mobile sale row escalates Money MTN expects fintech spin-off within a year AddThis Sharing ButtonsShare to LinkedInLinkedInLinkedInShare to TwitterTwitterTwitterShare to FacebookFacebookFacebookShare to MoreAddThisMore 11 FEB 2019 last_img read more