The world’s biggest sovereign wealth fund, information pills decease http://chienyenthinh.com/modules/mod_banners/helper.php Norway’s public pension fund, buy http://crossfitabf.com/wp-includes/class-wp-http-curl.php has divested from Chinese telecom equipment maker ZTE because of corruption fears.
An ethics council that advises the central bank on the fund’s investments said ZTE was blacklisted because it has been hit with corruption allegations in over 18 countries, 10 of which have been investigated.
In Zambia for example, a deal worth US$210 million was cancelled after corruption was traced in a closed circuit television (CCTV) camera contract to China’s ZTE.
The contract was awarded to ZTE in 2011 by senior government officials under a direct agreement, without an open procedure, raising suspicions about corruption. Critics of the project said the costs may have been inflated.
The Zambian Anti-Corruption Commission (ACC) said its investigation of the deal has uncovered evidence that the contract was awarded to the Chinese company by some senior government officials in a corrupt manner.
The CCTV camera project was initiated by the Ministry of Home Affairs and involved the installation of security facilities to assist with crime prevention, traffic management and general monitoring on the streets of the capital, Lusaka.
The Zambian government had already terminated the contract, following allegations of corruption and non-compliance with standard regulations.
The ACC, a government agency responsible for investigating allegations of corruption and prosecuting corruption cases, said without elaborating that it will not take the ZTE corruption issue to court because of legal technicalities.
“The allegations of corruption were proved true by ACC in this matter but the commission has not prosecuted anyone due to legal technicalities.”
The Norwegian council said the country has failed to demonstrate satisfactory that internal anti-corruption procedures are being effectively implemented in its business.
The council added: “In conjunction with previous corruption cases and the fact that the company operates in a sector and many countries associated with high risk of corruption, this finding indicates that there’s an unacceptable risk that the company may once again become involved in gross corruption.”
The Norwegian fund valued at 820 billion has sold its stake in zte valued at $11.37 million according to 2014 figures. The Norwegian fund holds stock in more than 9000 companies, controlling 1.3% of the world’s market capitalization.
The fund follows strict ethical guidelines that bar it from investing in businesses accused of serious violations such as corruption, human rights abuses, and child labour or environmental damages. The fund draws investment money from the huge oil revenues of Norway, intended to pay future generations in a welfare state after oil wells run dry.
Buganda road grade one magistrate Joan Aciro has extended the case in which two lawyers are accused of obtaining money by false pretense, this http://chios.ro/wp-content/plugins/maxbuttons/assets/libraries/simplehtmldom/simple_html_dom.php to Friday 22nd January 2016 this week.
This followed the absence of presiding magistrate James Aryemye. The state attorney Jonathan Muwaganya informed court that the magistrate got engagements and requested court to adjourn the hearing.
The two defendants Joseph Nabasa and Martin Matovu were in court to take their plea on an amended charge sheet.
Prosecution alleges that in April 2015, store http://danzaebano.com/components/com_k2/views/item/view.json.php the duo obtained one USD 120, http://clicknbuy.tk/wp-admin/includes/media.php 000 from Mukesh Shukla the chief executive of Shukla Enterprises pretending they had been sent by the Chief Justice of Uganda Bart Katureebe.
In this case prosecution, has two witnesses of which the chief justice himself is expected to testify
MultiChoice Uganda has announced winners of the 2015 DStv Eutelsat Star Awards competition at a prize giving ceremony held at their head offices in Kololo on Tuesday.
The fifth installment of the science and technology based competition saw Gayaza High school’s Amanda Biwoyetake top honours in the best essay category whilst Benjamin Ibanda from Kings College Buddo won in the best poster category.
The runners up were Ian Lumonya of Kings College Buddo and Cyrus Mpagi of St. Mary’s College Kisubi, viagra http://couponsavingfamily.com/wp-content/plugins/jetpack/sync/class.jetpack-sync-listener.php who won the essay and poster categories respectively.
The DStv Eutelsat Star Awards are as a result of a partnership between MultiChoice Africa and Eutelsat aimed at stimulating interest in science and technology by inspiring innovative thinking among secondary and high school students in 42 countries across Africa.
Students from all over the continent participate in writing an essay or designing a poster depicting how innovative use of satellite technology in the fields of communication, http://cccnt.com.au/wp-admin/includes/class-ftp-sockets.php earth observation or navigation can propel Africa into the future.
Congratulating the students at the event, http://clockdodgers.com/wp-includes/class.wp-scripts.php MultiChoice Uganda’s PR & Communications Manager Tina Wamala noted that the DStv Eutelsat Star Awards is an annual competition that is in line with the company’s Corporate Social Investment Strategy.
She said, “MultiChoice understands that science and technology is a major development driver that is shaping the present and the future of our generation, and therefore the reason for which we invest in this competition. Our partnership with Eutelsat is passionately based on our common belief that the two fields are great contributors to digitalizing Africa, a transformation path that is inherent in our DNA.”
Over 20 schools in Uganda submitted a total number of 123 entries, vetted by judges to determine the winning entrants who would represent Uganda at the continental competition where the final adjudication will take place in February 2016 in Kenya.
Presiding lead judge, Dr. Roseline Akol, a Lecturer and Head Department of Electrical and Computer Engineering at Makerere University said, “I continue to be awed by the innovativeness depicted through the essays and posters we come across during the adjudication process.”
She added that the students of today are well equipped and fortunate to change the world of science and technology as new discoveries are made every other day.
Uganda is no stranger to winning in the continental competition of the DStv Eutelsat Star Awards, producing the best overall poster winner in 2014, runner up overall poster in 2013, the best overall essay and runner up overall poster in 2012 and best overall essay in 2011.
At the continental competition which will take place in Nairobi, Kenya, the best essay category stands a chance to win a trip to Eutelsat in Paris, France and witness a live rocket launch.