Business
Vivendi Wants Zain Africa To Expand Network
Vivendi, a Paris-based firm, has confirmed its interest in the acquisition of African Subsidiary of Zain Group in pursuance of its strategic growth plans in emerging countries.
According to the company, having Zain Africa would enable it capitalise on its successful experience of developing mobile telephone on the continent of Africa. “Vivendi confirms its interest for acquiring a majority stake in the Zain groups telecommunications activities in Africa, in line with its clearly defined strategy of seeking growth opportunities in emerging countries.”
The telecoms group confirmed its interest in a statement posted on the company’s Website where an explanation was provided for the company’s interest.
Earlier in an interview with Reuters Chief Jean Bernard Levy, Chairman Management Board, Vivendi Univer Sal Publishing, declined comment on the story simply saying, “I have no comment to make on this,” at an economic forum in southern France. The statement read in part: “This acquisition would enable Vivendi to capitalise on its successful experience of developing mobile telephony in Africa. However, at this stage there is no certainty that the discussions currently in progress will lead to a successful outcome.” Through the acquisition Vivendi hopes to take over African subsidiaries like Nigeria, Ghana, Zambia, Sierra leone, Malawi, Chad, Burkina Faso, Tanzania, Madasgacar, Kenya, Uganda, Niger, and Gabon market from Zain Group Kuwait.
Business
FEC Approves Concession Of Port Harcourt lnt’l Airport
Business
Senate Orders NAFDAC To Ban Sachet Alcohol Production by December 2025 ………Lawmakers Warn of Health Crisis, Youth Addiction And Social Disorder From Cheap Liquor
The upper chamber’s resolution followed an exhaustive debate on a motion sponsored by Senator Asuquo Ekpenyong (Cross River South), during its sitting, last Thursday.
He warned that another extension would amount to a betrayal of public trust and a violation of Nigeria’s commitment to global health standards.
Ekpenyong said, “The harmful practice of putting alcohol in sachets makes it as easy to consume as sweets, even for children.
“It promotes addiction, impairs cognitive and psychomotor development and contributes to domestic violence, road accidents and other social vices.”
Senator Anthony Ani (Ebonyi South) said sachet-packaged alcohol had become a menace in communities and schools.
“These drinks are cheap, potent and easily accessible to minors. Every day we delay this ban, we endanger our children and destroy more futures,” he said.
Senate President, Godswill Akpabio, who presided over the session, ruled in favour of the motion after what he described as a “sober and urgent debate”.
Akpabio said “Any motion that concerns saving lives is urgent. If we don’t stop this extension, more Nigerians, especially the youth, will continue to be harmed. The Senate of the Federal Republic of Nigeria has spoken: by December 2025, sachet alcohol must become history.”
According to him, “This is not just about alcohol regulation. It is about safeguarding the mental and physical health of our people, protecting our children, and preserving the future of this nation.
“We cannot allow sachet alcohol to keep destroying lives under the guise of business.”
According to him, “This is not just about alcohol regulation. It is about safeguarding the mental and physical health of our people, protecting our children, and preserving the future of this nation.
“We cannot allow sachet alcohol to keep destroying lives under the guise of business.”
Business
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