Showing posts with label business. Show all posts
Showing posts with label business. Show all posts

Friday, June 21, 2019

Unemployed South Africans Turn To Coding For New Jobs

Unemployed South Africans Turn To Coding For New Jobs

Unemployed South Africans turn to coding for new jobs
Unemployed South Africans are turning to coding as the country is facing a severe shortage of computer skills leaving major sectors such as financial institutions struggling to recruit employees with critical skills.

Two thirds of the populations bulk aged between 15 and 34 are unemployed, creating a national crisis according to President Cyril Ramaphosa. Technology seems like the option to create more jobs as opposed to making it worse as usual-.

“I’d say coding is important because we are evolving in a technological world whereby, you get to build anything. So if you starting a business and you need a website you might pay a lot of money for a website. So if you know how to code, you can build your own website which will be less. It gives you a chance whereby you get jobs easier, you get hired easier because a lot of companies now are involving in technology because of the 4IR (Fourth Industrial Revolution),” said Skinny Shugo Kgwedi, Software programmer and Geekulcha community.


Unemployed South Africans are turning to coding as the country is facing a severe shortage of computer skills.

WeThinkCode_ academy in Johannesburg is training students with no qualifications or background to develop websites, programs and apps. The institution is working with donors most being big financial organizations that sponsor the students and later provide them with internship placements to train and get mentorship.  

It is election day in Mauritania this Saturday [The Morning Call]
“Well we’ve seen that if you’re able to successfully train one skilled developer, that impact that individual has is on 10 to 15 other individuals in that person’s environment because they’re creating employment, they’re bringing more efficiency into the workplace, they’re creating more profitable businesses enabling companies to employ even more people. So the impact that one skilled developer has is on 15 other individuals.

If we’re able to produce an extra 100,000 skilled developers across the country we have 1.5 million people that can be employed in the country,” said Yossi Hasson,Co-Founder, WeThinkCode.

Getting young South Africans to learn coding is hard; high data prices and with only four our of ten public schools have computer labs according to South African Institute of Race Relations.

Thursday, June 20, 2019

Breaking: Buharia Appoints Kyari New MD for NNPC

Breaking: Buharia Appoints Kyari New MD for NNPC

Breaking: Buhari appoints Kyari new GMD for NNPC
President Muhammadu Buhari has appointed Mr Mele Kolo Kyari as the new Group Managing Director of the Nigerian National Petroleum Corporation (NNPC).

The corporation disclosed this in a statement released by the  NNPC Group General Manager, Group Public Affairs, Mr. Ndu Ughamadu,in Abuja, on Thursday.

He said that the appointment will take effect from July 8, 2019 adding that the president  also appointed alongside Kyari, seven new Chief Operating Officers.


Kyari, a geologist, was Group General Manager, Crude Oil Marketing Division of NNPC and also doubled, since 13th May, 2018, as Nigeria’s National Representative to the Organization of the Petroleum Exporting Countries, OPEC.



The statement noted that President Buhari had directed that the New GMD and the newly appointed Chief Operating Officers work with the current occupiers of the various offices till 7th July, 2019 towards a smooth transition on 8th July 2019 when their appointments would take effect to ensure a smooth transition.

However, the appointment of Mr. Farouk Garba Said (North West), who is replacing a retiring Chief Operating Officer, is effective from 28th June, 2019.

 Other officers appointed by Buahri include  Mr. Roland Onoriode Ewubare (South-South), Chief Operating Officer, Upstream, Engr. Mustapha Yinusa Yakubu (North Central) – Chief Operating Officer Refining and Petrochemicals and  Engr. Yusuf Usman (North East) – Chief Operating Officer, Gas and Power

Also, Ms Lawrencia Nwadiabuwa Ndupu (South East), Chief Operating Officer Ventures, Mr. Umar Isa Ajiya (North West), Chief Financial Officer,  Engr. Adeyemi Adetunji (South West), Chief Operating Officer, Downstream and  Mr. Farouk Garba Said (North West) – Chief Operating Officer, Corporate Services.

The NNPC Group Managing Director, Dr. Maikanti Baru, in the statement  had congratulated the new appointees.

 Kyari is a quintessential crude oil marketer with prerequisite certification and outfield pedigree in Petroleum Economics and crude oil and gas trading.

In the last 27 years he had traversed the entire value chain of the Petroleum Industry, with exceptional records of performance.

Under his watch, the Crude Oil Marketing Division has recorded noticeable transformation in the management and sales of the various Nigeria’s crude oil grades via an infusion of transparency and automation of the processes, the release by the NNPC spokesperson, stated.

Kyari would be the 19th Group Managing Director of the National Oil Company.
(NAN)

Monday, June 17, 2019

11 Ships With Petrol, Other Products Arrive Lagos Ports – Npa

11 Ships With Petrol, Other Products Arrive Lagos Ports – Npa


11 Ships With Petrol, Other Products Arrive Lagos Ports – Npa


Eleven ships conveying petrol and other commodities have berthed at the Apapa and Tin-Can Island Ports in Lagos, the Nigerian Ports Authority (NPA) announced on Monday.

The authority said in its daily publication, Shipping Position, that the vessels were waiting to berth with their consignments at the ports.

Eight of the 11 vessels are waiting to berth with petrol while three others will berth with diesel, container and frozen fish.

NPA said that no fewer than 23 ships were expected to berth in Lagos ports between June 17 and June 29.

It said that the 23 expected ships would sail in with general cargo, bulk salt, semi-trailers, bulk sugar, bulk fertiliser, steel products, buckwheat, petrol and container.

It said that eight ships were discharging gypsum, container, general cargo, buckwheat and frozen fish. (NAN)

Sunday, June 16, 2019

 IMF Ranks Nigeria World’s ‘second Worst’ In Use Of Sovereign Wealth Fund

IMF Ranks Nigeria World’s ‘second Worst’ In Use Of Sovereign Wealth Fund

According to the Fiscal Monitor report released on Wednesday and seen by TheCable, Qatar was the only country worse than Nigeria on the index.

Imf Ranks Nigeria World’s ‘second Worst’ In Use Of Sovereign Wealth Fund

The Bretton Wood institution said the index was compiled using the corporate governance and transparency scores of the sovereign wealth funds and the size of assets as a percentage of 2016 GDP of the countries considered.

The fund said it used data compiled by the Natural Resource Governance Institute and Worldwide Governance Indicators.

Imf Ranks Nigeria World’s ‘second Worst’ In Use Of Sovereign Wealth Fund

“It is critical to develop a strong institutional framework to manage these resources—including good management of the financial assets kept in sovereign wealth funds—and to ensure that proceeds are appropriately spent,” the report read.

“This remains a significant challenge in many resource-rich countries that, on average, have weaker institutions and higher corruption

“The governance challenges of commodity-rich countries— that is, the management of public assets— call for ensuring a high degree of transparency and accountability in the exploration of such resources.

“Countries should develop frameworks that limit discretion, given the high risk of abuse, and allow for heavy scrutiny.”

Explaining that sovereign wealth funds have to be transparent, the IMF advised that countries should ensure that the natural resources of countries should be channelled properly to the people that need them.

Of the 10 African countries considered, Ghana was ranked the highest.
(TheCable)

Thursday, June 13, 2019

OPEC Cuts Oil Demand Outlook

OPEC Cuts Oil Demand Outlook

OPEC Cuts Oil Demand Outlook

The Organisation of Petroleum Exporting Countries (OPEC) says it has cut its forecast for global oil demand growth and warned of potential further cuts as international trade disputes continue to fester.

OPEC said in its monthly report published on Thursday that world oil demand would rise by 1.14 million barrels per day (bpd) this year, 70,000 bpd less than previously expected.

Throughout the first half of this year, ongoing global trade tensions have escalated,” OPEC said in the report.

It added that the potential for these disputes to affect global demand poses “significant downside risks”.

OPEC and its allies will meet in the coming weeks to decide whether to maintain supply curbs, with some having become alarmed by a steep slide in prices.

U.S. President Donald Trump has pressed for action to lower prices. Observers see the cut as building a case for prolonged supply restraint over the rest of 2019.

OPEC, Russia and other producers have, since Jan. 1, implemented a deal to cut output by 1.2 million bpd. They will meet over June 25 and June 26 or in early July to decide whether to extend the pact.

Despite the supply cut, oil has tumbled to $61 a barrel from April’s 2019 peak above $75, pressured by fears over the U.S.-China trade dispute and an economic slowdown.

Vienna-based OPEC also said its output fell in May as U.S. sanctions on Iran boosted the impact of the supply pact.

Production by all 14 OPEC members dropped by 236,000 bpd to 29.88 million bpd,” OPEC said.

In addition to lowering its demand forecast, OPEC said that oil inventories in developed economies rose in April, suggesting a trend that could raise concern over the possible build up of an oil glut.
[NAN]