European Commission registers two European Citizens’ Initiatives on the rights of Union citizens after Brexit and rejects one on preventing Brexit (22.03.2017)

Brussels, 22 March 2017

The European Commission has today registered two European Citizens’ Initiatives concerning the rights of Union citizens in the context of the withdrawal of a Member State from the EU and rejected a third proposal entitled ‘Stop Brexit’.

The first invites the Commission to separate Union citizenship from Member State nationality in light of the UK withdrawal from the EU (“EU Citizenship for Europeans: United in Diversity in spite of jus soli and jus sanguinis”), and the second calls on the Commission to uphold the right of Union citizens to move and reside freely within the European Union (“Retaining European Citizenship”). At the same time, the Commission has rejected as inadmissible a third proposal calling on the Commission to prevent the withdrawal of the United Kingdom from the EU (“Stop Brexit”).

The Commission’s decisions concern the legal admissibility of the proposed initiatives. At this stage, the Commission has not examined the substance of the initiatives.

The Commission found that the “EU Citizenship for Europeans: United in Diversity in spite of jus soli and jus sanguinis” and the “Retaining European Citizenship” initiatives meet the conditions necessary for registration under the Regulation on European Citizens’ Initiatives. Both European initiatives call on the Commission to protect the status and rights of EU citizenship, in the context of the United Kingdom’s withdrawal from the European Union. The Commission attaches great importance to the underlying issue of providing certainty and security to the 4 million citizens (3.2 million EU citizens in the UK and 1.2 million UK citizens in the EU) who are unsure of their future as a result of the decision of the UK to withdraw from the EU. While the Commission cannot propose secondary legislation aiming at granting EU citizenship to natural persons who do not hold the nationality of a Member State of the Union, the rights of EU citizens in the UK and the rights of UK citizens in the EU after the withdrawal of the UK will be at the core of the upcoming Article 50 negotiations. The Commission will do its upmost to prevent EU citizens from being used as bargaining chips in the negotiations with the UK.

In the case of the “Stop Brexit” initiative, the Commission found that the conditions for registration were not met. Article 50(1) of the Treaty on European Union (TEU) explicitly allows any Member State to withdraw from the Union in accordance with its own constitutional requirements. While the Commission regrets the withdrawal of the United Kingdom from the European Union, it respects the outcome of the referendum.

Next steps

The formal registration of the “Retaining European Citizenship initiative” will take place on 2 May and the registration of the “EU Citizenship for Europeans” initiative will take place on 27 March. In both cases, this will start a one-year process of collection of signatures in support of the proposed European Citizens’ Initiative by their organisers.

Background

European Citizens’ Initiatives were introduced with the Lisbon Treaty and launched as an agenda-setting tool in the hands of citizens in April 2012, upon the entry into force of the European Citizens’ Initiatives Regulation which implements the Treaty provisions. Under the Treaty, every citizen has the right to participate in the democratic life of the Union by way of a European Citizens’ Initiative. The procedures and conditions required for the citizens’ initiative should be clear, simple and user-friendly. The commitment of empowering citizens to deliver a better Europe was reiterated by President Juncker in his State of the Union address in September 2016.

The conditions for admissibility, as foreseen by the Regulation n° 211/2011 on the European Citizens’ Initiative, are that the proposed action does not manifestly fall outside the framework of the Commission’s powers to submit a proposal for a legal act for the purpose of implementing the Treaties, that it is not manifestly abusive, frivolous or vexatious and that it is not manifestly contrary to the values of the Union.

Once formally registered, a European Citizens’ Initiative allows one million citizens from at least one quarter of EU Member States to invite the European Commission to propose a legal act in areas where the Commission has the power to do so.

If – and only if – a registered European Citizens’ Initiative receives the signatures of one million validated statements of support from at least seven Member States within a period of one year from the time it was registered, the Commission must decide whether or not it would act, and explain the reasons for that choice.

Report released today proves stronger military ties between the Russian and the Chinese!

Today, there we’re a released American report and study on how the Russian Federation and the People’s Republic of China are cooperative with their military. The military power and exercises proves that the Russians and Chinese are trading technologies and expertise, so the techniques of navy and of land force, and different terrain. Therefore, these relationship proves that added strength on the military powers of both China and Russia. As their support and trust also based on mutual gains from the exercises and trade of technology.

These ones are important as than the world knows the strength between the republics and their own self interest.

Russian arms trade to China:

Russia’s sale of Su-35 fighter jets to China (deliveries of which began in December 2016) will help the People’s Liberation Army (PLA) contest U.S. air superiority, provide China with technology that could help accelerate the development of its own advanced fighters, and serve as a valuable training and learning platform before China fields its next-generation aircraft” (…) “The Russian sale of the S-400 surface-to-air missile (SAM) defense system to China (with deliveries starting in 2018) should help China improve capital air defense and could assist the PLA in achieving increased air superiority over Taiwan if deployed to the Eastern Theater Command (bordering the Taiwan Strait). This SAM system would pose a challenge for Taiwan’s air assets in a potential cross-Strait conflict, the air assets of U.S. allies or partners in a South China Sea or East China Sea contingency, and U.S. aircraft, should the United States decide to become involved in such potential conflicts. The S-400 also could be used to help enforce China’s East China Sea Air Defense Identification Zone (ADIZ)” (Meick, P: 3, 2017).

Russian arms sales to China, including the transfer of major weapons systems and defense technology as well as licensing agreements, have yielded benefits for both sides. According to the Stockholm International Peace Research Institute (SIPRI), since the fall of the Soviet Union nearly 80 percent of China’s total arms imports have come from Russia, and more than a quarter of all Russian arms exports have been shipped to China. From 1992 to 2006, Chinese military equipment procured from Russia totaled approximately $26 billion, according to some estimates. China’s major systems imported from Russia over this period helped to vastly improve PLA Air Force and Navy capabilities. Some of the notable procurements included Russian export versions of the Su-27 and Su-30 fighter, the S-300 SAM defense system, SOVREMENNYY-class guided missile destroyer, and KILO-class diesel electric submarine” (Meick, P:12, 2017).

Military Exercises:

Of the three major areas of defense engagement, military exercises most visibly demonstrate to the international community the commitment shared by China and Russia to close cooperation in the security realm. During a visit to Beijing in September 2015, Russian Defense Minister Sergei Shoigu said, “The most important issue of the Russian-Chinese military cooperation are the … military exercises. They contribute to improving combat training of the Armed Forces of [the] two countries, and demonstrate our readiness to counteract modern threats.” (Meick, P: 6, 2017).

Some observers speculated that China used a recent exercise to market guided missile frigates for Russia to buy, an indication of how far China’s defense industry has progressed over the last decade from its reliance on Russian technology. For example, after the naval exercise Joint Sea-2015 concluded, two PLA Navy Type 054A JIANKAI II-class frigates that participated in the exercise sailed through the Black Sea to a Russian naval base in advance of Russia’s World War II Victory Day 70th anniversary military parade; some analysts assessed this was intended, in part, to advertise the platform” (…) “First, Chinese demand for Russian arms waned as most of Beijing’s orders had been fulfilled and China’s defense industry had become advanced enough to fulfill more PLA requirements domestically. Second, the Chinese side expressed concerns about quality control deficiencies and contract disagreements involving the remaining orders. Third, Russia was unwilling to sell the higher-end systems that China was beginning to demand likely due to concerns that China’s increasing military capabilities could pose a future threat to Russia and that China’s practice of reverse-engineering Russian platforms would enable China to compete directly with Russia in the arms market” (Meick, P: 7, 2017).

As outlined in the authoritative PLA text Teaching Materials on Joint Operations (联合作战教程), the PLA defines “joint” as “two or more arms and services” and “two or more armed forces.” In the Chinese media and China’s own English-language publications, all China-Russia exercises are described as joint exercises. For the purposes of this report, “joint” in a military exercise or operations context is defined according to the U.S. Department of Defense Dictionary of Military and Associated Terms: “Connotes activities, operations, organizations, etc., in which elements of two or more Military Departments participate.” An exception to this definition is any mention of “joint” by PLA or Chinese sources; in these cases, “joint” may refer to combined, joint, or both. U.S. Department of Defense, Joint Publication 1–02: Dictionary of Military and Associated Terms, February 15, 2016, 121. http://www.dtic.mil/doctrine/new_pubs/jp1_02.pdf; Tan Yadong ed., Teaching Materials on Joint Operations, Academy of Military Sciences Press, February 2013, 2–3. Translation” (Meick, P: 6, 2017).

Conclusion:

The three major components of military-to-military ties discussed in this report demonstrate such a trend. In terms of military exercises, the two militaries are staging increasingly complex exercises with an expanded geographic reach in strategically important areas, recently adding a new set of exercises on missile defense cooperation. Military-technical cooperation similarly shows significant progress in recent years, highlighted by a major uptick in the technical capability of Russian arms sales to China, wide-ranging strategic industrial partnerships in key defense sectors, and joint production deals and other cooperation on advanced military and dual-use systems. Finally, Chinese and Russian defense officials are holding more meetings at higher levels in the military bureaucracy than they did in the past, signaling closer coordination” (Meick, P: 23, 2017).

I think this was interesting enough, the relationship between Russia and the China. This will be moves that should be looked after, as the strength of military power, will also affect the others who wish to secure their borders and their resources. The military technology and the exercises proves the new relationship between the neighbors. However, if the relationship is only for internal powers or to counter NATO or other military partnership is not easy to know. This has been significantly focused on certain sales and sort of exercises on terrain both armies need. Just like the Russian Military needs to use the navy and trade LADA sub-marines to China. Peace.

Reference:

Meick, Ethan – ‘China-Russia Military-to-Military Relations: Moving Toward a Higher Level of Cooperation – U.S. – China, Economic and Security Reviews Commission’ (20.03.2017)

Opinion: Eric Trump are right, under the Trump Administration, the US is becoming a “Third World State”!

It’s really sad that we’re in an environment where tax returns are leaked by whoever it may be” (…) “Just think about it. Think about how dangerous that is, how third world that is on a practice that happened. When personal information is put out by people for political agendas. As a civilian, it’s actually scaryEric Trump on Fox News (Tani, 2017).

It is just one of these days where the sons of President Donald Trump speaks their mind and hits the nail. The nail is in the coffin, with the knowledge of the plans to make the republic less attractive, less business-friendly, more lassiez-faire and more focused on army than on progressive financial instruments and regulation to create growth. Trump Administration is busy with deporting millions, building a wall and starting trade-wars. The U.S. Government does not need to be transparent or accountable while doing so. Especially, not in the minds of one of his sons. That claims something unique and special. I have claimed in the near past that under President Trump, the U.S. Government could turn the Republic into a Banana Republic, a sort of style government that could be described by others as a third world one. Therefore, let the dictionary explain that!

Eric Trump needs a definition of the Third World:

1: a group of nations especially in Africa and Asia not aligned with either the Communist or the non-Communist blocs” (…) “2: an aggregate of minority groups within a larger predominant culture” (…) “3: the aggregate of the underdeveloped nations of the world” (Merriam-Webster).

So the United States can itself soon be fitted, not that it is an Asian or African nation, neither Communist, but still it is getting underdeveloped by the way the financial framework and industry is set-up under the Trump Administration. Where the Industry and Financial industry has the Administration by the balls and no eager of taking care of nature or the resources, except for eating the profits without giving anything back to the Republic. Just like the Oil Industry in Nigeria or in Ghana. The same as the mining and mineral industry in the Democratic Republic of Congo. So the United States under President Trump, will be similar. Eric Trump is not so far off, just not the way he thought he would be.

Another man’s vision:

This brings about complete dysfunction. It makes everything — economy, politics, roads, bridges, police, school — broken and shitty. Those who can leave do. Making it worse. This leads to more extremism, and more corruption, and more cynicism. And sometimes extreme violence. Because the other side becomes evil” (…) “The US has been shifting towards all four of these over the last 30 years, with inequality leading the way. We are more divided, economically and socially, then we have ever been (we are less divided racially. But only marginally so.)” (Arnade, 2016).

So when you have a system on the brink of collapse, a wealthy elite eating of the government plate and settling score to not pay their bills to the public, while the citizens and middle-class cannot build a steady life or afforded needed services, you know there are something wrong with the system and the state. That makes the Eric Trump words so right, that United States is becoming more like a third world country, with a sophisticated army, but cannot afford health care, schools or infrastructure. Just like the countries President Trump doesn’t want to affiliate with or been seen with. Since him and his advisor Bannon are supposed to be superior, and like a dictator in a Third World country, he believes he is always right and isn’t wrong.

So one smudge of evidence of his fathers Tax Returns from 2005 leaked to MSNBC Rachel Maddow, proves the realization of the state, that the Trump Administration would dislike. As they are not capping the debt, neither taking into account their ideas of taxation and tax-releases, as much as their will to deregularte industry and financial institutions. Therefore, leading the space of more expenses and negative environmental policies, that damage earth and only gains profit for a slim elite. Just like a Third World Country.

This is degrading for the United States, but the harsh truth, the ideas and policies in the making, the killing of health insurance, the idea of building the giant nuclear silos, while not paying for food for the starving. Proves that the U.S. Government are no closer to countries it does not want to be affiliated with, but still can be consider to be assimilated with. President Trump and his administration is clearly not wishing to be differing from chauvinistically taking charge and not caring what effect it has. Clearly, it is only his image that matter, just like any big-man and authoritarian leader.

So, soon we can say that the United States is underdeveloped and need aid, as their waters are daft, the industry is lacking technology, the roads are more potholes than tarmac, the bridges are weak, their railways not working and often not trusted. The United States has soon more expensive foreign imported goods, than what they produce and is losing money on their export of cash crops as soya and other grain. Therefore, President Trump leading his Republic to become underdeveloped or become a Third World Country.

Reference:

Arnade, Chris – ‘USA: A Third World Country in the making’ (05.10.2016) link: https://medium.com/@Chris_arnade/usa-a-third-world-county-in-the-making-14064ea5c534#.ah2gi0loi

Tani, Maxwell – ‘Eric Trump blasts Trump’s tax return leak on Maddow: ‘Think about how dangerous…how third world that is’ (19.03.2017) link: http://nordic.businessinsider.com/eric-trump-tax-return-leak-maddow-third-world-2017-3?

Merriam-Webster – ‘third world’ link: https://www.merriam-webster.com/dictionary/third%20world

RDC: Alliance Bank S.A. – “Concerne: Renoncement a l’Agrement” (08.03.2017)

Guyana: The Ministry of Foreign Affairs has condemned reports carried in Venezuelan press regarding the approval of a new resolution approved by the Energy and Petroleum Commission of the Venezuelan National Assembly (19.03.2017)

It has come to the attention of the Government of Guyana through a media report in the Venezuelan publication El Nacional of 15th March 2017 that a resolution of the Energy and Petroleum Commission of the National Assembly of the Bolivarian Republic of Venezuela entitled ‘Approved Agreement to Reject Oil Operations in the Essequibo’ has called for the immediate cessation of on-going offshore oil exploration and exploitation activities under Guyanese license in the Stabroek concession block well within the maritime Exclusive Economic Zone of Guyana in accordance with international law. So far as the Government of Guyana is aware, the Government of Venezuela has not adopted or otherwise endorsed the resolution, in which case the Government of Guyana would respond as appropriate.

The inflammatory resolution contains serious factual and legal errors. First, it suggests erroneously that the offshore activities in Guyanese waters have “recently” commenced whereas the Stabroek license was awarded in 1999 and exploration commenced the following year in 2000, 17 years ago. Second, it suggests erroneously that Guyana is prohibited from developing its resources in this area because of Article V of the Geneva Agreement of 1966. But nothing whatsoever in the terms of that provision indicates that the parties cannot exercise jurisdiction over their sovereign territories. Otherwise, it would mean that for the past fifty years, Guyana had no right to develop 70% of its territory, and the same applies to Venezuela’s development of the Orinoco region and adjacent maritime area which, like the Essequibo, was the subject of the 1899 Arbitral Award. Needless to say, such an argument is manifestly absurd.

This political posturing comes at an unfortunate time when the UN Secretary-General has appointed Ambassador Dag Nylander as his Personal Representative to provide Guyana and Venezuela a final opportunity to resort to the Good Offices process in order to resolve the controversy arising from Venezuela’s contention that the 1899 Arbitral Award delimiting the land boundary between Guyana and Venezuela is “null and void”. The parties have until the end of 2017 to make significant progress in arriving at a final resolution of the controversy failing which the Secretary-General will refer the matter to the International Court of Justice. Guyana is fully committed to the search for a full and final resolution of the controversy under the Good Offices process in the limited time that remains. Such deliberate provocations and absurd demands that Guyana halt all development activities, especially when for over fifty years Venezuela has intimidated Guyana and obstructed a resolution of the controversy in accordance with international law, only serve to undermine this final opportunity for the parties to once and for all bring an end to this matter by agreement, failing which adjudication will be the only remaining means of settlement.

Guyana remains committed to friendly and neighbourly relations with the Government and people of Venezuela, but it will categorically refuse to surrender any of the sovereign rights to which it is entitled under international law, not least in this, the fifty-first anniversary of its independence from colonial rule, as a new period of prosperity awaits its people.

Ministry of Foreign Affairs
March 17, 2017

Press and Publicity Unit
Ministry of the Presidency

Worrying that many lacks food in Tanzania as the Staple food prices are increasing!

“Ask not what you can do for your country. Ask what’s for lunch.”
Orson Welles

There are worrying signs of higher prices on staple foods, as reports of the added price for Maize and Sorghum. With the likes of Maize that has skyrocketed over the last few months, the same has happen to Sorghum. The Central Government needs to stop the inflation of prices as this is key in the staple and adds strains to many of citizens.

Maize prices per 100 kg was 65,103.5 Tanzanian Shillings in December 2015 and by December 2016 it cost 85,159.8 Tanzanian Shillings. In a years time the prices on maizes has gone up 30 %. That is a worrying sign!

Sorghum prices per 100 kg was 81,638.1 Tanzanian Shillings in December 2015 and by December 2016 it cost 104,545.1 Tanzanian Shillings. In a years time the prices on Sorghum has gone up 28 %. That is not something anyone wants to see.

Just as the prices are rising, the dwindling levels of foods that has no been confirmed by the Minister:

Reports of food shortages were initially denied by top levels of government, but were later accepted. At the end of January 2017, the Minister for Agriculture, Livestock and Fisheries, Dr Charles Tizeba, told parliament that a study conducted by the Ministry, in collaboration with various partners, had found that 55 districts (out of 169 in Tanzania including Zanzibar) were facing food shortages, and

that “35,491 tonnes of food are required for supply between February and April 2017 to combat a shortage facing 1,186,028 people’’ in these districts” Sauti za Wananchi, 2017).

What is more worrying is the stats from the survey done by Sauti za Wananchi:

The key findings are:

Eight in ten households report that their income does not cover their daily needs

Eight in ten households usually keep a stock of food in reserve in case a food shortage

arises

A huge majority of Sauti za Wananchi respondents (78%) report food shortages in

their locations

The price of maize has doubled in the past two years, even accounting for general

price inflation

Seven in ten households worried about running short of food in the past three months

The household food security situation has worsened between September 2016 and

February 2017” (Sauti za Wananchi, 2017).

When you have rising staple food prices, little or no reserves in the homes, as well as lacking income to combat the running prices on food. Set the citizens and the inflation into a devastating spiral that no republic want to go through. The United Republic of Tanzania Government needs to act swift and clear on the important issue and lack of safeguard, as the running expenses and lack of food security that is rising. Not only the prices, but this has all happen in the term of President John Magufuli, who needs to take charge and make sure his citizens can eat and earn enough to have a healthy living. The households needs a revamp and the structure with agriculture and food imports needs to change to significantly, these sort of number and amount of people lacking food is a dire situation. Peace.

Reference:

Tanzania – ‘Sauti za Wananchi – Brief No. 39’ (March 2017)

Opinion: Austin Powers aka BoJo trying to be jolly in Uganda and Kenya!

There is one of these lost stories that deserves to questioned, as the United Kingdom who are toiled in issues on their own continent, with trade and with borders are suddenly sending their Secretary of State Boris Johnson, the former columnist who hasn’t written much of any good about these nations he is visiting. The visit is coming in the same weeks as the Brexit is a hot potato and the United Kingdom needs secure partners for their economic activity.

So the United Kingdom suddenly sending their Secretary of State for Foreign Commonwealth Affairs Johnson to Uganda and Kenya, seems to be more an internal needed boost for the United Kingdom, as they need to know that they have trading partners when the article 50 of the Lisbon Treaty get notified. The negotiations and the unknown agreement with European Unions, leaves lot of trade and transactions in the wind. Therefore, the need to diversify and get new connections is more important.

That UK have a long history on the continent and has done despicable things is well-known, that they have gone in only in the interest of the ones in Oxford Street, London or even business in Belfast over the ones in real need in the Protectorates or Colonies. So the United Kingdom Government have most of the time been more reassuring for the ones on the British Isles over the ones in the colonies. Her Majesties civil servants have served London and than offered a token of goodwill if needed be.

Therefore reading this of the visit seems like to good to be true!

Boris Johnson, the UK Secretary of State for Foreign Commonwealth Affairs, called on me yesterday at State House, Entebbe. Our discussion focused on regional security, especially the situation in Somalia. We also discussed trade and investment between our two countries” (Yoweri Kaguta Museveni, 16.03.2017).

NAIROBI, 17 March 2017 (PSCU) – President Uhuru Kenyatta this evening held talks with UK Foreign and Commonwealth Affairs Secretary Boris Johnson who paid him a courtesy call at State House, Nairobi. President Kenyatta and the British Foreign Secretary discussed promotion of industry and manufacturing. They also exchanged views on the strengthening of trade between Kenya and Britain as well as with the rest of the Commonwealth countries” (Uhuru Kenyatta, 17.03.2017).

First, that Boris Johnson isn’t caring much about the regional troubles, unless it bring work to Birmingham, Swindon or to Yorkshire. If the trade is being done and export from Kenya and Uganda, it is the British Exporters earning the major coins, not the Kenyan producer or the Uganda merchant. The needed tax-base has to be settled in the United Kingdom.

Secondly, the Commonwealth idea is to keep the sphere of the former colonies in a circle where the British and United Kingdom interest get traction and creates development on models where the British manufacturing and technology get traded to them. So that the former colonies get more ideal production from the Leyland and Vauxhall of today. Not buy Fiat or even Tesla. Buy British and serve British values and than if your a good boy, you get British direct aid.

Third, it is connected, but the uncertain future of trade within the European Union, makes the UK so edgy that they have to forge close relationship to make sure they have more open markets to have their bazaar and also sell their repacked tea.

So do I believe he was just visiting in goodwill and care of the Commonwealth nations, no! I do believe he came to be able to have strengthening the markets and get better surplus of funds with the counterparts of Uganda and Kenya. This because he knows that he doesn’t have to dole out much funds or follow heavy institutional policies to get it implemented. Therefore, he traveled here and tried to forge it even more. Peace.

EU letter showing continued support for Energy Markets in Ukraine (13.03.2017)

Red Pepper and the Pepper Publications defaulting on loans!

In the recent few hours more and more rumours of the Red Pepper Newspaper is having financial difficulties. Like they are losing money without having enough earnings, the Red Pepper is supposed to own the sum of 26 billion shillings. Earlier this month Red Pepper already had issues.

Take a look:

“The Pepper Publications recently suspended publication of Hello, Akapapula and Emulalu subsidiary tabloids after majority of staff left the company over accumulated salary arrears. As the publication grapples with collapsing copy sales and dwindling advertisement revenues, Stanbic bank’s action could push the tabloid to the edge of bankruptcy. Sources are telling this website that the Pepper Publications sold its Shs 5bn Crane Bank loan to Stanbic before directors picking an extra Shs 2.5bn for luxury cars. Unfortunately, the tabloid has fallen short of honouring its financial obligations, compelling the bank to take drastic measures” (…) “Failure to pay means The Pepper Publications will have to get another bank to make over the loan. SOURCES said staff at the tabloid is worried about the future of the publication as most of the meager revenues coming in end up in the pockets of directors. “What we are witnessing now is milking a rock. We have gone six months without pay” (Xrated, 2017).

So the Red Pepper has tried to come with much different publication, but without having the funds to facilitate the expansion. Therefore we are seeing a meltdown in funds. So now the banks has lost their patience and now are in big trouble, even Stanbic Bank went further. They even sent debt collectors. Here is the story!

“On Monday morning, a group of debt collectors from Stanbic bank raided Red Pepper offices in Namanve, in an effort to get back their money the tabloid borrowed in to fund their expansion” (…) “Those who were already in tried to flee while those who hadn’t come got phone calls from someone called George, the chief security guard and they decided not to come,” said a source at the newspaper” (…) “Meanwhile, the long serving finance manager Bob Mahebewa threw in the towel on the very day, and he resigned in an effort to avoid future embarrassments. Muhebewa told his close friends that he was scared when he saw Stanbic debt collectors and he knows they must arrest the top five directors unless they pay all the money owed to the bank” (Guide Reporter, 2017).

We can wonder who will buy the Pepper Publication or if the papers and magazines will stop to be published. Pepper Publication and Red Pepper Newspaper needs fresh funds, since the trailing tabloid. Since they need more people buying their paper and read their stories since it seems like the people aren’t picking it up or if the investors has given it up. It is either or. Peace.

Reference:

Guide Reporter – ‘STANBIC BANK DEBT COLLECTORS RAID RED PEPPER OFFICES, DIRECTORS FLEE WHILE FINANCE BOSS RESIGNS’ (14.03.2017) link: http://businessguideafrica.com/stanbic-bank-debt-collectors-raid-red-pepper-offices-directors-flee-while-finance-boss-resigns/

 

Xrated – ‘Stanbic Bank is set to recall a Shs7bn loan given to Red Pepper Publications as the tabloid’s financial woes worsen’ (10.03.2017) link: http://xrated.co.ug/stanbic-bank-is-set-to-recall-a-shs7bn-loan-given-to-red-pepper-publications-as-the-tabloids-financial-woes-worsen/