FG orders closure of 2nd Niger Bridge from January 15 as construction work resumes

By Favour Nnabugwu

 

 

 

The Minister of Works and Housing, Babatunde Fashola has ordered the closure of the Second Niger Bridge and sections of other major roads earlier opened to ease traffic for the 2022 Christmas celebrations.

The Second Niger Bridge will, however, remain closed for public use with effect from Sunday, January 15, 2023 for continuation of work on the completion of the access roads to the bridge

He gave the directive in Abuja, on Wednesday. This, he said is to enable contractors return to site to complete work on the various projects.

This was contained in a statement signed by Engr. Folorunso Esan, on behalf of the Permanent Secretary of the Ministry.

The statement read in part, “Recall that barricades were removed at all construction sites on December 15,2022 for ease of movement to reduce travel time during the yuletide season.

“Contractors are now set to resume work on major highways especially the Lagos-Ibadan Expressway( from OPIC to the old toll gate ) and the Abuja-Kaduna-Kano Expressway (around Kawo on the Kaduna-Zaria Section).

“To this end the Honourable Minister of Works and Housing, Babatunde Raji Fashola, SAN has directed that construction barricades be returned at construction sites for safety purposes with effect from Tuesday, January 10,2023.

“The Second Niger Bridge will, however, remain closed for public use with effect from Sunday, January 15, 2023 for continuation of work on the completion of the access roads to the bridg.

“The Honourable Minister seeks the patience and understanding of motorists and members of the public on this action aimed at completing the on-going projects.“

MultiChoice calls for nominations for the prestigious Earthshot Prize with a chance of winning US$1.2 mn/ R 20 mnn (£1 mn) prize

By Favour Nnabugwu

 

 

The Earthshot Prize, a global environmental prize to discover, accelerate, and scale ground-breaking solutions to repair and regenerate the planet, has begun its 2023 search for breakthrough solutions to solve the globe’s biggest environmental challenges.

MultiChoice (www.MultiChoice.com), the official African broadcast partner and member of The Earthshot Prize Global Alliance, is issuing a call for entries from African organizations, businesses, governments, and individuals who are doing scalable and impactful work in this capacity.

Potential nominees can enter into any of the five categories of the Earthshot Prize, including: Protect and Restore Nature, Clean our Air, Revive our Oceans, Build a Waste-Free World and Fix our Climate. The Prize is awarded annually to five winners, each receiving a US$1.2 million/ R 20 million (£1 million) prize grant to scale their projects.

Each year, The Earthshot Prize launches a global search for breakthrough solutions, with a worldwide network of more than 350 nominating individuals and organizations from 66 countries tasked with ushering the process through.

As an official nominator, MultiChoice has established an official entry portal (https://bit.ly/3X3Rr8Q) and asks that all submissions be submitted by 27 January 2023. Representatives from MultiChoice will then review these entries and officially nominate selections directly to The Earthshot Prize.

“By entering this prestigious prize, African innovators will be afforded the platform to pitch their solutions, inspire other corporates to join the fight against climate change and motivate governments to prioritize climate change as part of their national agendas,’’ said Imtiaz Patel, Chairman, MultiChoice Group. “If you have a worthy intervention whose solution makes significant progress towards achieving any of the five Earthshots, we urge you to send in your nomination and be part of the solution.’’

When The Earthshot Prize was first launched in 2021, three African organizations were selected as finalists namely, Sanergy (from Kenya), Reeddi Capsules (from Nigeria) and Pole Pole Foundation (from the Democratic Republic of Congo).

On December 2, 2022, Prince William and The Earthshot Prize revealed the 2022 winners. African based Mukuru Clean Stoves, a start-up providing cleaner-burning stoves to women in Kenya to reduce unhealthy indoor pollution and provide a safer way to cook, won the coveted environmental prize during the inspirational awards ceremony hosted in Boston.

In addition to the US$1.2 million/ R 20 million (£1 million) prize, Mukuru Clean Stoves will benefit from a global network of professional and technical support to scale their work.

This includes access to resources across numerous professions and sectors including manufacturing, retail, supply chains, legal advice, digital technology, business strategy and government relations via The Earthshot Prize Global Alliance.

The Prize will allow Mukuru Clean Stoves to create an even cleaner stove that burns ethanol, and within three years, they hope to reach one million customers. Within the decade, they hope to expand their impact to ten million people all over Africa.
The final five winners were selected from a group of 15 finalists from 10 different countries

by The Earthshot Prize Council – a global team of influential individuals committed to championing positive action in the environmental space.

The five Earthshot Prize Winners for 2022 are:

•Protect and Restore Nature: Kheyti, India: A pioneering solution for local smallholder farmers to reduce costs, increase yields and protect livelihoods in a country on the frontlines of climate change.

•Clean our Air: Mukuru Clean Stoves, Kenya: A start-up providing cleaner-burning stoves to women in Kenya to reduce unhealthy indoor pollution and provide a safer way to cook.

•Revive our Oceans: Indigenous Women of the Great Barrier Reef, Australia: An inspiring women-led programme that combines 60,000 years of indigenous knowledge with digital technologies to protect land and sea.

•Build a Waste-free World: Notpla, United Kingdom: A circular solution creating an alternative to plastic packaging from seaweed.

•Fix our Climate: 44.01, Oman: Childhood friends who have developed an innovative technique to turn CO2 into rock, and permanently store it underground.

At MultiChoice, we are driven by our Purpose to Enrich Lives, therefore the future of the African continent, its natural resources, and our communities require that we work together with our partners to create a world where everyone thrives for generations to come.

It is for this reason that we are not only urging African innovators to enter the environmental prize, but we have also partnered with The Earthshot Prize to help accelerate and spotlight the ingenuity and ambition of innovators, activists and scientists across Africa who are working to address the climate crisis on the African continent and around the world.

SUNU Group founder, Pathé Dione passes away @ 81

By Favour Nnabugwu

 

 

Pathé Dione, an icon of the African insurance industry, passed away yesterday, January 12, 2023 in Paris at the age of 81.

Dione left behind a large company, present in 17 African countries with over 4 081 employees, 26 life and non-life insurance companies, a bank, a microfinance company and two health risk management entities.

A graduate of the Centre des Hautes Etudes d’Assurance de Paris (CHEA), P. Dione spent a big part of his career as an insurer within the UAP group (now AXA), from which he acquired some of the life subsidiaries in 1998. It was at this point that he founded SUNU, which he managed and chaired for over 20 years.

In July 2022, he acquired a stake in the capital of the International Bank for Trade and Industry of Senegal (BICIS), a subsidiary of BNP Paribas.

Allianz tops list of World’s 25 largest insurers by A M. Best

By Favour Nnabugwu
AM Best released the list of the world’s 25 largest insurance companies by net written premiums and non-bank assets in 2021 as Allianz made the top list with $1.2billion.
The ranking by non-banking assets makes Allianz the world’s first insurance company (1.2 billion USD). Berkshire Hathaway and Prudential Financial complete the podium.
UnitedHealth Group has kept the lead in the top 25 insurers by net written premium for the eighth consecutive year. In 2021, UnitedHealth Group’s net premium volume totaled 226.2 billion USD. Ranked second and third are Centene Corporation and Elevance Health.
AM Best released the rankings of the world’s largest global insurance companies, by NPW and nonbanking assets, in the Jan. 6, 2023, issue of Best’s News. The two rankings are based on BestLink data and additional research.
Overall, the two rankings saw some reshuffling in the top spots, with U.S.-based health insurers further strengthening their leading positions. Centene Corp. and Elevance Health Inc. (formerly Anthem Inc.) advanced two places in the NPW ranking to come in at second and third.
These gains came at the expense of two Chinese insurers — China Life Insurance (Group) Co. Ltd. and Ping An Insurance (Group) Co. of China Ltd. Both Chinese insurers remained in the top five but China Life fell one slot to No. 4 and Ping An fell to No. 5 from No. 2