Connect with us

Foreign News

Kenya Relies on Imports to Lower Cost of Electricity

Published

on

Share

Kenya said it planned to rely on imports to lower the cost of electricity for household and industrial consumers, a government official said on Wednesday.

Daniel Kiptoo, Director General of the Energy, and Petroleum Regulatory Authority, told journalists in Nairobi, that neighbouring East African countries such as Ethiopia had abundant sources of power that they were willing to sell to Kenya.

“Some of our neighbours have a cheaper average cost of generation of electricity and these imports will help to bring down our costs,” Kiptoo said during a public participation workshop on Kenya’s oil pipeline tariffs.

Kiptoo added that Kenya had already signed a power purchase agreement with Ethiopia to purchase 200 MW of power beginning in November.

He stated that the Ethiopia-Kenya electricity transmission interconnector with a length of 612 km on the Kenyan side would be completed in October in readiness for the imports.

According to the electricity regulator, the Kenya-Tanzania and the Kenya-Uganda electricity lines were currently under construction.

Kiptoo said the country’s total installed electricity generating capacity was approximately 2,990 MW. (NAN)

Foreign News

Pope Leo Prays for Victims of Austrian School Shooting

Published

on

Share

Pope Leo XIV said on Wednesday that he was praying for the victims of the mass shooting in a school in the Austrian city of Graz.

“I would like to express my prayers for the victims of the tragedy at the Graz school,” Leo said during his weekly audience in the Vatican.

Leo added that he is keeping the families, teachers, and fellow pupils in his thoughts.

According to police, a 21-year-old former pupil at the school entered the grounds on Tuesday and opened fire, killing 10 pupils aged between 15 and 17 as well as a teacher.

He then shot himself.

Eleven people remain in the hospital, most of them in intensive care.

All are now reported to be in a stable condition.

Graz, in south-eastern Austria, is home to around 300,000 people. (dpa/NAN)

Continue Reading

Foreign News

NiDO-Worldwide Appoints New Coordinating Chairman

Published

on

Share

 The Nigerians in Diaspora Organisation (NiDO)-Worldwide has appointed Mr Chibuzo Ubochi, as its new Coordinating Chairman of NIDO-Europe.

Ubochi succeeds Dr Victor Ubani, the Chairman of NIDO Americas and outgoing coordinating chairman of NiDO-Worldwide.

Ubani disclosed this in a statement issued on Tuesday, against backdrop of the end of his tenure as coordinating chairman and inauguration of Ubochi’s tenure as the new chairman of the organisation.

He congratulated Ubochi over his recent electoral victory where he emerged chairman of the organisation, saying it was a closely contested NIDO-Europe election against Dr Johnson Odibo.

According to him, the process which was conducted with robust participation, ushered in a new era for NIDO-Europe.

Ubani said: “It is one marked by renewed strength, unity and purpose. I write in my capacity as the outgoing Coordinating Chairman of NIDO-Worldwide, having had the honour of serving in this rotational role on behalf of the Americas.

“I am deeply grateful for the cooperation and commitment demonstrated by our continental bodies throughout my tenure.

“Together, we pursued the vision of a more effective, united and relevant NIDO across all regions. I believe we made notable progress in advancing our collective mandates.

“As is the custom within our global structure, which comprises five continental bodies, I will now be handing over the rotational leadership of the Coordinating Chairmanship to the current Chairman of NIDO Europe, Sir Chibuzo Ubochi”.

Ubani explained that he had observed Ubochi’s leadership as Chairman of NIDO UK South and his previous tenure as Legal Adviser to the NIDO-Worldwide Coordinating Platform, to express confidence in the latter’s ability to lead the organisation.

“I am confident in his capacity to fulfill this responsibility with vision, integrity and diplomatic skill.

“He is well acquainted with the complexities of our global structure and is well-positioned to continue strengthening and advancing a more focused and impactful NIDO Worldwide.

“As he assumes this role, I urge all continental chairs, executives and members to extend the same cooperation and collegiality accorded me to him.

“The task ahead requires a united front, focused energy and shared commitment free from unnecessary distractions and geared solely toward the progress of our global diaspora, and the development of our homeland,” he said. (NAN) 

Continue Reading

Foreign News

U.S. Imposes Sanctions on Iranian Money Laundering Network

Published

on

Share

The U.S. Treasury Department has announced sanctions against more than 30 individuals and companies accused of helping Iran evade sanctions and launder billions from oil and petrochemical sales to fund its nuclear and missile programmes.The sanctioned network operated as a system of “shadow banking” involving front companies in places like Hong Kong and the United Arab Emirates, the department said in a statement.

The goal, it said, was to bypass existing sanctions, obscure the origin of oil proceeds, and funnel money into military-linked projects.
The new sanctions freeze any U.S.-based assets of the targeted entities and bar U.S. citizens from doing business with them.The measures also complicate the ability of those sanctioned to operate internationally, especially in transactions involving U.
S. dollars.Washington and Tehran are engaged in negotiations over the future of Iran’s nuclear programme.U.S. President Donald Trump has repeatedly said he “aims to prevent Iran from developing nuclear weapons”.Tehran insists its nuclear activities are purely for civilian purposes.Trump has warned that military action remains on the table if diplomacy fails. (dpa/NAN)

Continue Reading

Read Our ePaper

Top Stories

NEWS6 hours ago

Nigeria Condoles India over Tragic Plane Crash

ShareThe Federal Government on Thursday condoled the Indian government over the tragic crash of Air India Flight-171 in Ahmedabad.The Minister...

NEWS6 hours ago

Benue Speaker Advises Youth to Participate Actively in Politics

ShareThe Speaker, Benue House of Assembly, Mr Hyacinth Dajoh, has advised youths in the state to participate actively in the...

NEWS7 hours ago

Cross River Communities Resume Hostility with More Casualties

ShareFrom Ene Asuquo, Calabar There is another round of hostility arising from communal skirmishes between two brotherly communities of Etono...

NEWS7 hours ago

Entrepreneurship University Matriculates 4000 Students in Cross River

ShareFrom Ene Asuquo, Calabar The Cross River State University of Education and Entrepreneurship held its maiden matriculation ceremony yesterday, welcoming...

NEWS7 hours ago

Ombugadu Declares 2027 Nasarawa Governorship Bid

ShareFrom Abel zwanke, Lafia Former governorship candidate of the People’s Democratic Party (PDP) in Nasarawa State, Hon. David Emmanuel Ombugadu...

NEWS7 hours ago

Otu Reaffirms Commitment to Democratic Principles

Share From Ene Asuquo, Calabar In commemoration of Nigeria’s Democracy Day, Cross River State Governor Sen. Bassey Otu has reaffirmed...

NEWS7 hours ago

Nigerians Are Dying of Hunger, Human Right Activists Tells Tinubu

ShareFrom Anjorin Adeloye, Ibadan Human Right Activists on Thursday in Ibadan, the capital of Oyo State lambasted President Bola Tinubu...

NEWS7 hours ago

Ibadan Indigenes to Meet, Brainstorm on Development

ShareFrom Anjorin Adeloye, Ibadan The President of Ibadan Foundation, Alhaji Tunji Afunlehin has said prominent successful Nigerians particularly Ibadan Indigenes...

NEWS7 hours ago

Dennis Otuaro Launches 2027 Campaign for Tinubu in Warri

ShareFrom Mike Tayese, Yenagoa A Political Movement code named Dennis Otuaro (Door 2 Door) 4 Bola Ahmed Tinubu 2027 have...

NEWS7 hours ago

Oborevwori Tours IIICF Exhibition, Backs Waste-to-Energy Innovation

ShareFrom Francis Sadhere, Delta Delta State Governor, Sheriff Oborevwori on Wednesday toured the exhibition hall at the ongoing 16th International...

Copyright © 2021 Daily Asset Limited | Powered by ObajeSoft Inc