July 13, 2023 – L' Observateur Burundi

July 13, 2023

What Nigerians need to know about Dominica’s Citizenship by Investment Programme

Roseau, July 13, 2023 (GLOBE NEWSWIRE) — Nigeria is currently facing economic challenges, despite having the largest economy in Africa. The country’s debt grew a staggering 500 per cent under the former President, Muhammadu Buhari. The World Bank revised Nigeria’s gross domestic product (GDP) earlier this year, in the recent Nigeria Development Update (NDU).

The NDU report is released biannually by the World Bank and evaluates Nigeria’s current economic and social developments and long-term prospects on a global scale. The report also focuses on Nigeria’s economic and policy issues and analyses medium-term development challenges.

These economic and political challenges are causing Nigerian citizens to face great uncertainty, many of whom are hoping to see positive changes with the new president, Bola Ahmed Tinubu.

Nigerians are continuously seeking alternative methods to protect themselves and their families’ future, and one economical way of achieving this can be through the investment migration industry. Several factors influence Nigerians’ choices in selecting a host country’s CBI programme. Nigerians desire their dual citizenship to ensure economic and political stability in a host country that creates safety and security for both personal and business activities.

The Commonwealth of Dominica offers Nigerians opportunities that include encouraging and supporting business growth and a family-friendly environment.

Nigerians can access these opportunities through Dominica’s Citizenship by Investment (CBI) Programme and obtain dual citizenship in exchange for contributing investments towards one of the programme’s investment options. There are additional requirements when applying for dual citizenship, which include background and due diligence checks that may have additional fees applied.

Access to quality healthcare and educational facilities is important for Nigerians and their families, these facilities have international standards that offer advanced medical practices and schools that encourage further studies in Dominica or anywhere else around the world.

Dominica’s dual citizenship has one of the most affordable CBI programmes in the Eastern Caribbean region.

How do Nigerians benefit from Dominica’s CBI Programme?

Dual citizenship is a key to opening possibilities that come with Dominica’s dual citizenship, Nigerians can become part of the greater global community and increase their chances of ease of access to global markets that they were unable to previously.

Dominica is an English-speaking country, making it easier to communicate with the locals and with the Government of Dominica.

Nigerians can establish their businesses and expand their existing business ventures in Dominica. This will open more possibilities for creating permanent jobs and support local entrepreneurs with their small businesses.

Dominica offers offshore financial services to Nigerians who want to make international transactions and remittances back home. The CBI programme forms avenues for wealth management services and opportunities to protect assets and generational wealth.

The country also has many projects that are currently running through Dominica’s CBI, which will yield profitable results in their developing stages once completed, these will support the economic development of the country and improve the livelihoods of all citizens.

Nigerians can visit and live in Dominica with their family members whom they had applied for dual citizenship. Dominica is a tropical island paradise with picturesque landscapes and endless leisure activities for the whole family to enjoy.

Nigerian applicants are not required to undergo a series of exams to apply, nor do they need to live in Dominica for some time to qualify for dual citizenship.

Investment options available for dual citizenship

Nigerians can choose from the Economic Diversification Fund or Dominica’s Real Estate investment options. These investment options are also efficient for large families.

The Economic Diversification Fund (EDF) is a non-refundable contribution towards financially supporting private or public initiatives in Dominica. These initiatives include construction and development projects, renovation of hospitals, ecotourism, and agriculture. The contribution funds depend on the number of family members included in the applicant:

The main applicant is ₦77,000,000 (US$100,000)
A married couple’s contribution is ₦15,000,000 (US$150,000)
A family of four contributions is ₦134,000,000 (US$175,000)
For any additional family member under 18 years of age is ₦19,000,000 (US$25,000)
And for any additional family member 18 years of age and over is ₦38,000,000 (US$50,000)

Dominica’s Real Estate investment option has government-approved luxurious properties around the country that offer exceptional returns on investments. From ₦153,000,000 (US$200,000). Any real estate properties purchased must own for a minimum of three years, or five years should the future purchaser be a CBI applicant. Dominica’s real estate fees are as follows:

The main applicant is ₦19,000,000 (US$25,000)
For a family of four is ₦26,000,000 (US$35,000)
For a family of five is ₦38,000,000 (US$50,000)
For any additional family member is ₦19,000,000 (US$25,000)

Dominica has award-winning luxury properties such as the Secret Bay. The eco-luxury resort featured in Travel + Leisure as the ‘#1 Best Resort Hotel in the Caribbean, Bermuda, and the Bahamas‘ in 2022 and is expanding its amenities and villas that are expected to be available from 2025, Dominica’s CBI investors contribute to Secret Bay’s success, as it offers high returns on investments. There are other luxury resorts and villas can cater to the needs of Nigerian investors’ long-term investment goals, such as Jungle Bay, and InterContinental Dominica Cabrits Resort and Spa.

Chantal Mabanga
Commonwealth of Dominica
+44 (0) 207 318 4343
chantal.mabanga@csglobalpartners.com

GlobeNewswire Distribution ID 8873917

July 13, 2023

Recursion annonce sa collaboration avec NVIDIA qui investit 50 millions de dollars pour l’accélération de la mise au point de d’innovants modèles de base dans la découverte de médicaments basée sur l’IA

Les deux sociétés vont collaborer à l’élaboration de logiciels destinés aux sociétés biotechnologiques et pharmaceutiques afin de créer plus rapidement des traitements améliorés pour les patients

SALT LAKE CITY, TORONTO et MONTRÉAL, 13 juill. 2023 (GLOBE NEWSWIRE) — Recursion (NASDAQ: RXRX), société biotechnologique au stade clinique chef de file dans le décodage biologique pour l’industrialisation de la découverte de médicaments, a annoncé aujourd’hui un investissement de 50 millions de dollars de NVIDIA, effectué sous forme de Placement privé dans les sociétés ouvertes (PPSO) Recursion a également annoncé son intention, en collaboration avec NVIDIA, d’accélérer le développement de ses modèles biologiques et chimiques basés sur l’IA afin de les optimiser et de les distribuer aux sociétés biotechnologiques en utilisant les services infonuagiques de NVIDIA.

« Notre collaboration avec NVIDIA représente l’union de deux sociétés de premier plan pour contribuer à résoudre l’un des plus grands défis au monde, la découverte de médicaments », a déclaré Chris Gibson, cofondateur et chef de la direction de Recursion. « Grâce à notre puissant ensemble de données et aux capacités informatiques accélérées de NVIDIA, nous avons l’intention de créer des modèles biologiques et chimiques de base, et ce, à une échelle sans précédent relativement à ce qui a été fait dans le domaine biologique ».

Recursion prévoit d’utiliser son vaste et exclusif ensemble de données biologiques et chimiques, dépassant 23 pétaoctets et 3 000 milliards de gènes et de relations des gènes et des composés consultables, afin d’accélérer la formation de modèles de base sur le nuage NVIDIA DGX en vue d’une éventuelle licence commerciale/diffusion sur BioNeMo, le service infonuagique de NVIDIA pour l’IA générative dans le domaine de la découverte de médicaments. NVIDIA aidera également à optimiser et à faire évoluer les modèles de base Recursion en s’appuyant sur la pile IA et l’expertise informatique complète de NVIDIA. BioNeMo a été annoncé au début de l’année comme un service infonuagique pour l’IA générative destinée à la découverte de médicaments, offrant des outils pour personnaliser et déployer rapidement des modèles biomoléculaires de pointe à l’échelle, spécifiques à un domaine, par le biais de services API en nuage. Recursion prévoit d’utiliser ce logiciel pour soutenir sa réserve de projets interne ainsi que ses partenaires actuels et futurs.

« L’IA générative est un outil innovant pour découvrir de nouveaux médicaments et traitements », a déclaré Jensen Huang, fondateur et chef de la direction de NVIDIA. « Nous sommes ravis de collaborer avec l’équipe de classe mondiale de Recursion, qui effectue un travail innovant en biologie et chimie numériques avec NVIDIA DGX et le logiciel NVIDIA AI afin d’accélérer le développement des plus grands modèles d’IA générative biomoléculaire au monde et la découverte de médicaments pour les sociétés biotechnologiques et pharmaceutiques »

Recursion, par l’acquisition récente de Valence Discovery, vise à accélérer le développement de nouvelles technologies pour alimenter l’industrie biopharmaceutique, tout en démocratisant l’accès aux modèles à grande échelle qui ont un impact maximal sur la découverte de médicaments.

À propos de Recursion
Recursion (NASDAQ: RXRX) est une société biotechnologique en stade clinique, chef de file dans son domaine, qui décode les données biologiques pour industrialiser la recherche de nouveaux médicaments. Pour s’acquitter de sa mission, Recursion OS, plateforme mise au point à partir de technologies variées, étend continuellement l’un des plus grands ensembles de données chimiques et biologiques au monde. Recursion s’appuie sur des algorithmes d’apprentissage automatique sophistiqués pour extraire de son ensemble de données une collection de billions de relations consultables dans les domaines de la biologie et de la chimie, qui ne sont pas limitées par les biais humains. Par la possession et l’exploitation de l’un des plus puissants des superordinateurs au monde, et des recherches expérimentales menées une échelle expérimentale massive – jusqu’à des millions d’expériences en laboratoire humide hebdomadaires – et une échelle de calcul massive, Recursion unit la technologie, la biologie et la chimie pour faire progresser l’avenir de la médecine.

Recursion est basée à Salt Lake City, où elle est membre fondateur de BioHive, le collectif de l’industrie des sciences de la vie de l’Utah. Recursion possède également des bureaux à Toronto, Montréal et dans la région de San Francisco Bay. Pour en savoir plus, consultez le site www.Recursion.com, ou connectez-vous sur Twitter et LinkedIn.

Personne-ressource pour les médias
Media@Recursion.com

Contact auprès des investisseurs
Investor@Recursion.com

Énoncés prospectifs
Ce document contient des informations qui incluent ou sont basées sur des « Énoncés prospectifs » au sens du Securities Litigation Reform Act de 1995, y compris, mais sans s’y limiter, celles concernant l’accélération et l’avancement du développement des modèles de fondation de l’IA, ainsi que l’optimisation, l’octroi de licences et la distribution de ces modèles; l’utilisation du logiciel BioNeMo pour soutenir le pipeline interne de Recursion ainsi que les partenaires industriels actuels et futurs de Recursion ; Recursion accélérant le développement de nouvelles technologies grâce à l’acquisition de Valence Discovery; ainsi que toutes les autres déclarations qui ne constituent pas des faits historiques. Les énoncés prospectifs peuvent inclure ou non des mots d’identification tels que « prévoit », « fera », « s’attend à », « anticipe », « a l’intention de », « croit », « potentiel », « continue » et des termes similaires. Ces énoncés sont soumis à des risques connus ou inconnus et à des incertitudes qui pourraient faire en sorte que les résultats réels diffèrent matériellement de ceux exprimés ou sous-entendus dans ces énoncés, y compris, mais sans s’y limiter : les défis inhérents à la recherche et au développement pharmaceutiques, y compris le calendrier et les résultats des programmes précliniques et cliniques, où le risque d’échec est élevé et où l’échec peut survenir à n’importe quel stade avant ou après l’approbation réglementaire en raison d’un manque d’efficacité suffisante, de considérations de sécurité ou d’autres facteurs; notre capacité à exploiter et à améliorer notre plate-forme de découverte de médicaments; notre capacité à obtenir un financement pour les activités de développement et d’autres objectifs de l’entreprise; le succès de nos activités de collaboration; notre capacité à obtenir l’approbation réglementaire des médicaments candidats et à les commercialiser; notre capacité à obtenir, maintenir et appliquer les protections de la propriété intellectuelle; les cyberattaques ou autres perturbations de nos systèmes technologiques; notre capacité à attirer, motiver et retenir des employés clés et à gérer notre croissance; l’inflation et d’autres questions macroéconomiques; et d’autres risques et incertitudes tels que ceux décrits sous la rubrique « Facteurs de risque » dans les documents que nous avons déposés auprès de la U. S. Securities and Exchange Commission. Securities and Exchange Commission, y compris notre rapport annuel sur le formulaire 10-K. Toutes les déclarations prospectives sont basées sur les estimations, projections et hypothèses actuelles de la direction, et Recursion ne s’engage pas à corriger ou mettre à jour ces déclarations, que ce soit à la suite de nouvelles informations, de développements futurs ou autres, sauf dans la mesure où la loi applicable l’exige.

GlobeNewswire Distribution ID 8873841

July 13, 2023

PWD’s Joseph Angwa is no more!

The entire football family in the North West region and that of PWD Bamenda in particular are in deep pains following the passing away of Joseph Angwa.

The legendary PWD Bamenda goalkeeper died on Monday July 10 at the Bamenda Regional Hospital, after a protracted illness.

Goalkeeper Angwa as he was fondly called, played with PWD Bamenda in the 80’s.

Before his death, he was member of the North West bureau of the Association of Cameroonian Professional Footballers, SYNAFOC.

He will be buried on August 5, 2023 in his native village of Batibo.

Source: Cameroon News Agency

July 13, 2023

LGBTQ is evil and abominable to our values – National House of Chiefs

The National House of Chiefs has served notice that it would not countenance activities of the LGBTQ community as custodians of the traditions and customs of the people.

‘LGBTQ is evil and abominable to our cultural values and we, the chiefs as the custodians of the customs and tradition of our people wish to state categorically that our traditions recognise that God created man and woman to occupy the earth and procreate.

There is therefore only male and female gender. The Bible and the Quran affirm this fact hence it is an abomination against all our cultural values to allow others to import into our country anything contrary to our customs, Ogyeahoho Yaw Gyebi II, President of the House, stated this at a meeting in Kumasi.

He said, ‘We the chiefs and our subjects declare that we will not allow any group to propagate any cause, conduct or behaviour called LGBTQ+ or similar in Ghana.’

Ogyeahoho Gyebi said the practice was not only immoral but also an affront and infringement on cherished Ghanaian cultural values and called on the relevant national institutions to take the necessary steps to nib it in the bud.

‘We call on all Ghanaians to support the chiefs in upholding the decency and sacredness of our culture, values and traditions,’ he said.

The President also spoke on other national issues including illegal mining, chieftaincy disputes, Green Ghana Initiative, and urged chiefs to complement the efforts of the government in addressing them.

Mr Stephen Asamoah Boateng, the Minister for Chieftaincy and Religious Affairs, said LGBTQ was alien to Ghanaians and that he was personally opposed to it.

‘We will do everything to protect our tradition and make sure we do not buy into any tradition that is alien to us’ he assured.

He applauded the chiefs for the important role they continue to play in national development and assured them of the government’s commitment to work closely with them for the collective good of the people.

‘You are not only providing traditional leadership but also a partner in promoting peace, democracy and good governance,’ he said.

Source: Ghana News Agency

July 13, 2023

Come to Damongo for best tourist experience-Abu Jinapor

Mr Samuel Abu Jinapor, Member of Parliament for Damongo and Minister of Lands and Natural Resources, has called on Ghanaians and foreign tourists to visit the Damongo constituency as it is arguably one of the best tourist destinations in northern Ghana.

The constituency is made up of 104 towns, villages and communities with several sites of historical significance, awe-inspiring landscapes, and cultural diversity.

Mr Jinapor averred that the constituency was an exceptional destination for tourists seeking to immerse themselves in the beauty and traditions of Ghana and West Africa.

Mr Jinapor made a case for tourist visitation to the Damongo constituency when he made a statement on the floor of Parliament.

‘Tourism offers a glimpse into our history, culture and nature, and thus should not be reserved for foreigners alone.

‘There are several tourist attractions in the country, which if well patronised, will contribute substantially to our national economy,’ Mr Jinapor stated.

The Minister noted that tourism had become a major boost for many countries in Africa, including Kenya, Tanzania, South Africa, Rwanda and Zambia.

On Tuesday, July 4, 2023, President Akufo-Addo commissioned the renovated and modernised Kwame Nkrumah Memorial Park, with a commitment to make Ghana the tourism hub of West Africa.

Mr Jianpor said the Nkrumah Memorial Park initiative, coupled with others like the ‘Year of Return’ and ‘Beyond the Return,’ showed the government’s commitment to promoting tourism in the country.

Highlighting some of the tourist attractions in the Damongo constituency, Mr Jinapor mentioned the Larabanga Mosque, one of the oldest mosques in Africa, mostly referred to as ‘the Mecca of West Africa.’

The over 600-year-old mosque is said to have been built by one Ayuba after Allah had revealed to him in a dream to build a mosque, which Allah himself had already laid the foundation.

Inside the Mosque is an ancient Qur’an believed to have been delivered by Allah to the Imam of the Mosque in 1650.

Mr Jinapor also mentioned the Mystic Stone, also located at Larabanga.

According to legend, when the colonial administration was constructing a road through Larabanga, the contractor removed the stone but came back the next day to find the stone returned to its previous position, and when this persisted, the contractor was compelled to divert the road and left the stone in its position, which has remained there till date.

Other tourist sites in the area included the Mognori Eco Village, a community-based tourism project in Mognori, which provides a range of tourist activities such as guided nature walks, traditional drumming and dancing, and handicraft demonstrations.

The Mole National Park, being the first largest and most prestigious biodiversity-protected area in Ghana, hosts a variety of plant and animal species, including elephants, buffalos, lions, monkeys, and other endangered species.

The park also hosts West Africa’s first luxury safari lodge, the Zaina Lodge, which provides top-notch hospitality services with a unique cultural touch to visitors to the park and its catchment areas.

Damongo, which serves as the capital of the constituency in the Savannah Region, was also the Gonja Kingdom, and hosts the famous Jakpa Skin, exuding cultural richness, and offering patrons a rich cultural and historical experience of the Gonja people.

The people celebrate the Damba and Fire festivals.

The MP for Damongo believed that the centrality of the constituency made it an exceptional place to lodge and connect with other parts of northern Ghana.

Mr. Jinapor thanked President Akufo-Addo and Dr. Ibrahim Mohammed Awal, the Minister of Tourism for paying special attention to tourism and called on everyone to patronise those tourist sites for rare life experience.

Source: Ghana News Agency

July 13, 2023

Seek permission before using folklore expressions for commercial purposes – Folklore Board

The National Folklore Board (NFB) has urged the populace to seek permission from the Board before using expressions of folklore outside the customary context and or for commercial purposes.

It said all commercial users of Ghanaian expressions of folklore must pick up folklore user application forms from the NFB office to be given the requisite permission.

‘In alternative, you can send a written request for application form to [email protected].’

Ghana’s folklore includes music, dance, art, design, names, signs and symbols, performances, ceremonies, architectural forms, handicrafts and narratives and any other artistic or cultural expression originating from and or associated with Ghana.

In a release issued to the Ghana News Agency, on Thursday, in Accra, the Board said the Copyright Act, 2005, ACT 690 specified that the rights in folklore were vested in the President on behalf of and in trust for the people of the Republic.

It said the Act also stated that a person who sought to use folklore outside the scope permitted by Section 19 of the Act must seek permission from the National Folklore Board.

The statement said personal use, news reportage and use for educational purposes did not require permission.

‘The personal use of Ghanaian folklore and or use within the customary context does not require permission from the Board. For instance, use of proverbs by Ghanaian musicians in a song or sale of Kente cloth for a living.’

The release said according to section 44 of the Copyright Act 2005 ‘Act 690’, a person who sold, offered or exposed for sale or distribution a work of folklore without permission from the Board committed an offence and liable upon summary conviction to a maximum fine of 1000 penalty units equivalent to GHC 12,000 and or imprisonment for a maximum of three 3 years, or both.

Source: Ghana News Agency