Thursday, May 29, 2014

Agriculture Fast Track Fund awards two news grants with positive impact on local economy in Mozambique

TUNIS-BELVEDERE, Tunisia, 29 May 2014

TUNIS-BELVEDERE, Tunisia, 29 May 2014 / PRNewswire Africa / - The AfDB's Agriculture Fast Track Fund (AFT) has awarded two grants worth almost US$1.5 million to high value agriculture infrastructure projects in Mozambique. EcoFarm Sugar Cane Production and Odebrecht Integrated Poultry Production projects have been selected for their strong impact on local communities in Mozambique. They will be receiving funding to finance their market analyses, site surveys and other preparation costs.

The AFT has granted two new agribusiness operators in Mozambique with funding for project development. The first project, Odebrecht Integrated Poultry Production and Distribution, will receive US$555,000. The company will offer chicken products that add value to local raw material. The second enterprise is EcoFarm's Sugar Cane Estate Development, given US$797,500 in grant money. The project will be set near the town of Chemba in the Sofala Province of Mozambique. Three cooperatives will have 'Land Use Rights' to 50 per cent of the irrigated land as partners.

The AFT funds projects that are in the preparation stage. Odebrecht plans to use the grant to complete its final feasibility studies and market research. EcoFarm is scheduling undergo an environmental and social impact assessment.

The positive local impact pursued by both projects in Mozambique falls in line with the AFT's mandate to boost agriculture infrastructure in Africa.

Odebrecht trained 2,300 Mozambicans in Health and Safety, Environment, Quality and Psychology at Work through ACREDITAR. The company is looking to create, more than 4,000 jobs locally. The ACREDITAR training program seeks to help young people enter the labor market.

EcoFarm works with 1,150 farmers owning 50 per cent of the sugarcane estate and expects to create 1,000 jobs. The project seeks to add US$1.2 million of disposable income to the area. Sixty per cent of women in the region around Odebrecht and 50 per cent near EcoFarm will benefit from the projects as employees and both companies plan to ensure their female employees have opportunities for professional advancement.

Mozambique is one of the six first pilot countries (along with Côte d'Ivoire, Ghana, Burkina Faso, Tanzania and Ethiopia) to experiment the support of the AFT. The country is part of the New Alliance For Food Security and Nutrition in Africa, a coalition of Africans states committed to a Cooperation Framework for Food Security on the continent. The AFT contributes to better food security in Africa by helping to improve the infrastructure for agriculture.

Wednesday, May 28, 2014

How To Calculate Impairment Loss


What is an impairment of assets?

An asset is impaired when its carrying amount is greater than its recoverable amount.

The carrying amount of an asset is the amount shown in the accounting records. The recoverable amount of an asset is in fact the asset's "real value" (we'll come back to this).

So, when accounting records show the assets at higher amounts than their "real value", then there is an impairment of assets and we should recognize some impairment loss.


How do we find out that there is impairment?

Every company shall watch out for external and internal indicators of a possible impairment.

External indicators are: significant decline in market value, significant adverse changes in technological, market, economic or legal environment, increase in market interest rates or rates of return, and carrying amount of company's net assets exceeds market capitalization.

Internal indicators are: obsolescence or physical damage, internal evidence available that asset's performance will be worse than expected, significant adverse changes to company including plans to discontinue or restructure an operation using the asset or to dispose of it earlier than planned.

Therefore, if the company finds any of these indicators, it should determine asset's recoverable amount and find out whether there is impairment.


What is a recoverable amount?

According to IAS 36, a recoverable amount is the higher of an asset's fair value less cost to sell and asset's value in use.

Fair value less cost to sell is the amount which could be obtained from the sale of the asset after deducting expenses in order to sell it (for example, some preparation or cleaning of asset before sale). Basically, it is a price set in the sale agreement or market price of similar assets.

Value in use is the discounted or present value of future cash flows expected to arise from either continuing use of an asset and its disposal at the end of its useful life.


What is a cash generating unit (CGU)?

Sometimes it is not possible to determine the recoverable amount for some assets because they are a part of some group of assets and do not generate their own cash inflow.

For example, a pizza oven in a pizzeria – the pizza oven itself does not generate any cash flow, but is a part of a restaurant and helps to generate the restaurant's cash flow.

Therefore, IAS 36 introduces a concept of cash generating units (CGU), which is the smallest identifiable group of assets that generates cash inflow from continuing use that are largely independent of the cash inflows of other assets.

In our small pizza example, the cash generating unit would be the whole pizzeria and all assets would belong to this CGU.



How to calculate impairment loss?

Impairment loss is calculated as the asset's or CGU's carrying amount less the asset's or CGU's recoverable amount.

If it is not possible to calculate the recoverable amount of an individual asset, then calculate the recoverable amount of the whole CGU and determine impairment loss for the whole CGU.

The CGU's impairment loss then must be allocated to the individual assets.

So, if you calculated the impairment loss for the whole pizzeria, then you must allocate this loss to its individual assets, including the pizza oven :).


How to account for impairment loss?

If a cost model is applied, then the impairment loss is recognized as:

If a revaluation model is applied, then the impairment loss is recognized as:

Be careful, because if there was no revaluation surplus in the equity, then you should recognize impairment loss to profit or loss account.

And do not forget to adjust the depreciation for the future periods!


Is it possible to reverse impairment loss?

Yes – if there are some indicators that impairment loss might have decreased. Reversal of impairment loss under cost model is always recognized as:

Again, adjust the depreciation for the future periods. And never reverse impairment loss on goodwill – that is prohibited by IAS 36.

Friday, May 23, 2014

Worldpay takes home the top prize at CNP Awards 2014

Worldpay named Best Payment Service Provider, as well as Best CNP Provider Outside of the US


London/Atlanta/San Francisco, May 23rd 2014Worldpay, a global leader in payment processing, risk and alternative payments, has won two awards at the prestigious CNP Awards 2014, held last night in Orlando, Florida.


The CNP Awards honour companies that have distinguished themselves in the card-not-present space (where the cardholder and the card are not present at the point-of-sale) and make accepting payments easier and more secure for customers. Judges awarded Worldpay the supreme prize, Best Payment Service Provider, as well as Best CNP Provider Outside of the US.


Now in their third year, the CNP Awards describe themselves as "the premier showcase recognizing the best companies, programmes and solutions in the card-not-present payments industry". Steve Casco, creator of the CNP Awards, says: "The companies honoured annually in the CNP Awards represent the very best technology enabling e-commerce, mobile and omni-channel retailers to make more sales and simplify payments for their customers."


Building on its already market-leading offering, Worldpay constantly invests in products and services that give customers a competitive advantage. The company has recently extended its international reach with the acquisition of leading Latin American payments provider Cobre Bem Tecnologia, as well as continuing its focus on insight and optimisation tools, including a significant investment in Boston start-up Pazien.


Floris de Kort, CEO, Worldpay eCommerce, says: "Being awarded for two separate categories is a great acknowledgement of our focus and commitment to our customers. Our vision is to be the world's most progressive and reliable payments partner, sharing insights, and helping our customers prosper. While we can never be complacent, these awards confirm that the investments we are making, and the focus we put on partnership, are delivering what our customers need."


Worldpay's wins are the latest in a host of awards for the company, including most recently Best Payment Service Provider at the 2014 Merchant Payment Ecosystem (MPE) Awards.

Thursday, May 22, 2014

Make money on line

We shall cut to the chase immediately
Way of making money online
1.       When  you have no money , no website, no time , no mailing list
2.       When you have some money , no website ,no mailing list
3.       When you have no money no website but time, no mailing list
4.       When you have a website, some money and time

1.       When  you have no money , no website, no time
Ø  Try pay  per click
ü  Neobux ( Free Referrals)
Ø   Affiliate marketing (Using YouTube  and Comments)
Ø  Warrior forums
Ø  Ezine articles
Ø  View videos
2.       When you have some money , no website , no time
Ø  Pay per click (Rent Referrals)
Ø  Neobux
Ø  Click sense (advertise)
Ø  Affiliate marketing Using Ad words
Choose a product on click bank or amazon ,
set up a secret campaign on google ad words
start earning  
Ø  Outsource arbitrage
Ø  Sell WSO
Ø  Domain flipping
3.       When you have no money no website but time
Ø  E-zine , writing articles
Ø  Paid surveys
Ø  Reading emails
Ø  Micro worker
Ø  Free lance
Ø  Mavern
Ø  Like pages
Ø  Do Tasks on Click Ads Neobux ,click sense
4.       When you have a website, some money and time
Ø  The biggie , if you a website and have some traffic
Ø  Adsense
Ø  Sell advertising space
Ø  Affiliate marketing
Ø  Ebook
Ø  Resell products

Ø  Advertise your links 

Wednesday, May 21, 2014

love 2

Another story is told of a farmer in the prairies after a summer  fire   , this farmer was walking through his farm inspecting the burnt grass and ashes , then  he noticed  some movement from a burnt hen as he drew closer the movements intensified so he reached out to the burnt hen and using his stuff rolled it over , underneath the mother hen  were five beautiful chicks alive and well ,apparently as the fire drew near the mother hen realised she could not outrun the fire so she did the ultimate , she covered her chicks with her body and protected them from the heat , in other words she sacrificed herself so the chicks could survive,

Jesus Did the exact same same thing , will you embrace him?

Right where you are JESUS is knocking at the Door of your heart just let HIM in

Pray " Jesus I accept you as my LORD and Saviour , I believe you are the SON of GOD and you died to Set me free come into my heart forgive all my sins for you paid it all at the cross
write my name in the book of life, from today I will do your will, in Jesus' name

Just Go  a bible teaching Church Where JESUS is LORD and learn more of how to be a Christian

"May GOD Bless you"


A story is told of this little boy , who was always made fun of by his friends in the neighbor hood and at school, the kids would always ask who has the ugliest mom on the block and his mom was always the ugliest.
View blog
The little boy was unhappy and hated his mom so much that he didnt want any one to see him with her or later alone call her his mom.

 This went on for along time till one day , his mom asked him why he hated her  so much? The lad said" it is because of these burns and scars on your face that make you look so ugly"

The mom with tears in her eyes told him a story,

A long time ago when you were still a baby , our apartment caught fire and every one dashed for dear life, your dad and I forgot to pick you up from your crib, when the fire was out of control and burnt most of the building we discovered that you were still in there, I went back to pick you against everyone who fought to keep me from entering that apartment. I reached your crib found you terrified and crying on top of your lungs, I took in my hands and shielded you from the fire with my own body , I was the most beautiful mom in this state but because of  saving you that is why I look ugly I could not let my little boy die so I gave up myself to save you, that my boy is why you are still alive when every one else had given up on you.

The Little boy cried so much hugged his mom and said he was sorry he felt the resentment and his mom said ''I know my son and I forgive you because you didn't know''

The the boy said amidst sobs "To me you are the most beautiful mom in the whole world"

God loved us so much and He went through so much trouble to the point of demeaning himself and becoming a man , later letting  his subjects whose next meal and breath depends on HIM to nail HIM to a tree and kill HIM all because he Loved us so much that HE will never let us perish

But like the little boy we resent and turn away -Make up your mind today and follow JESUS the Author and finisher of our lives. 

Right where you are JESUS is knocking at the Door of your heart just let HIM in

Pray " Jesus I accept you as my LORD and Saviour , I believe you are the SON of GOD and you died to Set me free come into my heart forgive all my sins for you paid it all at the cross
write my name in the book of life, from today I will do your will, in Jesus' name

Just Go  a bible teaching Church Where JESUS is LORD and learn more of how to be a Christian

"May GOD Bless you"

just made it to page 1 on Google

 Horay I just made it to page 1 of Google

Tuesday, May 20, 2014

IFC and CIDR to Expand Low Income Health Microinsurance Coverage in Senegal

WASHINGTON, 19 May 2014
WASHINGTON, 19 May 2014 / PRNewswire Africa / - IFC, a member of the World Bank Group, today announced an agreement with the Centre International de Développement et de Recherche to expand micro health insurance in Senegal to low-income and
informally employed individuals.

More than 65 percent of the population of Senegal has no access to health insurance. Low levels of public funding for health coupled with an absence of affordable health insurance have left large parts of the population of Senegal facing high unexpected health expenditures when accidents or serious illness occur. Such expenditures can cause households to depend primarily on credit to fund high healthcare costs, increasing levels of indebtedness and poverty.

David Crush, Manager of IFC Access to Finance in Sub-Saharan Africa, said, “By increasing the capacity of insurance companies to provide affordable health insurance to people with low incomes and those employed informally, the project will complement public sector health initiatives in Senegal and begin to fill the gap of the more than 65 percent of the population who have no access to health coverage.”

The three year project is expected to provide low-cost health microinsurance products to 108,000 individuals. The microinsurance products are offered through third party administrator Pool Micro Assurance Santé, which is receiving technical assistance and operational support from CIDR,
and is owned by a pool of six private, local insurance companies.

Affordable health microinsurance products offered by the private sector on a co-pay basis are a first in the West Africa Monetary and Economic Union region. This pilot in Senegal may be replicated in other countries based on the experience.

Eric Levoy, West Africa Regional Director for CIDR, said, “This project introduces health microinsurance products aimed at increasing access to health services in Senegal, reducing out of pocket spending on catastrophic health events, and lowering dependence on informal sources of financing following health shocks.”

The project has also received support from the Agence Française de Développement and the International Labour Organization.

About Centre International de Développement et de Recherche
CIDR is an international NGO with a proven track-record and experience in the field of health microinsurance. It was founded in 1961 in France, and studies, formulates and implements local and regional development programmes in Africa based on the creation and/or the support of financial and economic activities which respect the socio-cultural balance of partner population groups. In FY 12 CIDR managed a portfolio of projects
representing € 5 million. Since 2009 CIDR has provided technical support to six insurance companies in Senegal, who have created a health micro-insurance pool, PMAS, to manage the health micro-insurance policies underwritten by each company.
SOURCE International Finance Corporation (IFC)

Equatorial Guinea is Investing Its Resources in Improving Lives and Creating Opportunities, says Ambassador

WASHINGTON, May 19, 2014
WASHINGTON, May 19, 2014 /PRNewswire-USNewswire/ -- The government of Equatorial Guinea has heavily invested its oil revenues in the country by focusing on improving education, developing human capital and diversifying its economy, Equatorial Guinea's Ambassador to the United States, Ruben Maye Nsue Mangue, said in a recent interview with Focus Washington.
Ambassador Nsue Mangue called improved education one of his country's most important accomplishments since independence. "Since 1979, the government committed to develop professional education and human development. When we gained our independence, we did not have any universities, but now we have two universities, and the president is building another university in the new town of Oyala."
Education has been a top priority for the government. Equatorial Guinean has an adult literacy rate of nearly 100%--the highest in Africa.. Since 1979, citizens of Equatorial Guinea have received more than 500,000 scholarships to study in universities and professional and technical-training programs outside the country. This figure includes multiple scholarship recipients and people who have remained outside the country.
The West African nation has also experienced significant economic growth, and it has learned how to best use its oil revenues from the positive and negative experiences of other countries.
"When we discovered oil in 1992, we learned from the mistakes from other countries…," Ambassador Nsue Mangue said. "In 1997, the country organized the first economic conference, which was really a national consultation with all governments, political parties, civil society and community leaders to know how effectively and efficiently we could use the oil revenues. The first national economic conference established the goal of building human capacity, education and basic infrastructure for the development of our country."
The country subsequently moved to a more comprehensive development plan that could be financed through oil revenues once extraction began producing sufficient revenue. The infrastructure and economic diversification the country has experienced in recent years are established in the Horizon 2020 development plan, which was established in 2007 to diversify its economy.
Rapid development creates its own need for adjustment and reform, and Equatorial Guinean President Obiang Nguema Mbasogo has made legal reform a priority, including a new constitution that modernized the institutions of government.
"With this new constitution, we have the Senate, the Council of Republic, the Supreme Council of judiciary power, the Ombudsman, the socio-economic council of the Republic and the Court of Accounts" he said.
Equatorial Guinea's success has encouraged many African leaders to visit the country and consult with the government on development strategies, but Equatorial Guinea offers advice with a light hand.
"We cannot impose other countries to follow our model," Ambassador Nsue Mangue said. "Equatorial Guinea's advice should be that every country sees its reality and also to seek good partners."
Equatorial Guinea has achieved many of its goals because of the country's unity and the good relationships it enjoys with its partners. "We have worked altogether regardless of our political orientation, and we have found good international partners like the United States, American government and American private companies."
Equatorial Guinea and the United States enjoy good bilateral relations, he says, and the two governments work together well. "I have been well received by the State Department and we [the Embassy] are working together on issues of mutual concern to both our countries and people," he said.
About Equatorial Guinea
The Republic of Equatorial Guinea (República de Guinea Ecuatorial) is the only Spanish-speaking country in Africa, and one of the smallest nations on the continent. In the late-1990s, American companies helped discover the country's oil and natural gas resources, which only within the last five years began contributing to the global energy supply. Equatorial Guinea is now working to serve as a pillar of stability and security in its region of West Central Africa. The country hosted the 2011 Summit of the African Union. For more information, visit
SOURCE Republic of Equatorial Guinea
This has been distributed by Qorvis Communications, LLC on behalf of the Republic of Equatorial Guinea. More information on this relationship is on file at the United States Department of Justice, Washington, D.C.

Globeleq Inaugurates South African Solar Projects

LONDON, May 20, 2014
LONDON, May 20, 2014 /PRNewswire/ -- Globeleq, the leading private power generation company in Africa, has celebrated completion of two of its renewable energy projects in South Africa.  On site ceremonies were held to mark the occasion and were well attended by national, local government, industry and community representatives.  The 50 MW PV De Aar Solar Power and 50 MW PV Droogfontein Solar Power facilities are both located in the Northern Cape and have been generating clean energy to the national grid following connection in late 2013. 
"Globeleq, Mainstream Renewable Power and our consortium partners have clearly demonstrated the ability to successfully develop, finance, construct and operate utility scale solar projects in the newly created South African renewable energy market.  Infrastructure projects like these boost local economies through delivery of clean and reliable electricity, creation of jobs and the development of skills that will increasingly be in demand as the industry grows. The projects are also an important contribution to the country's energy mix," noted Mikael Karlsson, Chief Executive Officer for Globeleq.  He added: "Globeleq continues to build the leading African private power company and remains committed to deliver clean and reliable energy to the region. "
In addition to the two 50 MW PV solar plants, Globeleq is also involved in the 138 MW Jeffreys Bay Wind Farm, located on the Eastern Cape.  The three facilities are part of the Government of South Africa's Renewable Energy IPP Procurement Program and are among the very first large scale renewable power plants to be built in the country. Globeleq is the majority shareholder in a consortium comprised of Mainstream Renewable Power, Thebe Investment Corporation, engineering firms Enzani Technologies and Usizo Engineering and local community trusts.  Old Mutual is an additional consortium member in the Jeffreys Bay Wind Farm.
Mark Pickering, Managing Director of Globeleq South Africa, which manages the operation and commercial aspects of the three facilities, added: "These plants are part of the first wave of private power generation to be built in the country in many decades. As such they herald the dawn of a new era. Solar power is truly a win-win solution that benefits the local community, the national economy and the global environment."
"The emerging markets are providing an increasingly attractive environment for energy investors as policy support continues to encourage investment in the sector, particularly in renewables.  Actis will continue to provide shareholder support to Globeleq and other renewable initiatives in our target regions," said Torbjorn Caesar, Partner, Co-head of Energy for Actis, the emerging market's leading private equity firm which has $6.5 billion of funds under management and is the sole owner of Globeleq.
During construction the two solar plants created nearly 1000 jobs of which more than 700 were drawn from the surrounding communities. Now that De Aar and Droogfontein Solar Power are operational, a percentage of project revenues will be reinvested into the local community through socio-economic and enterprise development programmes.   

Monday, May 19, 2014

Noebux a simple and easy way of earning online

Well I have been to sites like Stiforp, GDI, Empire Options Empower Network , Yovio, Tubelaunch, Getautocommission, Push button millionaire name it , I tell you I have scammed , lied to and to cut the long story short I had given up on trying to make online you know that time when you have extra hours on your hands and need that extra coin.

Neobux is difference when I found it I was very excited , first it is free to join you can pretty much make some good money if you put your mind to it.

Join Neo Bux and Enjoy hassle free ways of making money