Luanda- A Digital Urban Art gallery, with a Big Media billboard network, called "Pop-Up", will be inaugurated Friday in Luanda to promote the work of young artists.
The Pop Up gallery, a temporary space, plans for six months to promote artistic programmes and projections free of charge.
The space will open its doors with the collective exhibition "Kimba Modernity Ghost" by Angolan artists Edson Chagas, Wyssolela Moreira, Nelo Teixeira and Toy Boy.
The Ivorian Prime Minister Patrick Achi abruptly resigned on Wednesday along with members of his government citing President Outtarra’s intention to reshuffle and slim down his administration..
Achi’s resignation followed a meeting in Yamousssoukro, the Ivorian Capital at which President Allassane Outtarra is reported to have insisted on a slimmer government and agreed to include some opposition members in the administration.
Observers suspect a long-standing distrust between President Outtarra and his vice president as having finally boiled over and led to Achi’s resignation.
The now former vice president is of the Akan ethnicity in an administration headed by Northerner Outtarra and populated at key positions by fellow northerners.
The three people rumored to be the favorites to replace Achi are all of the Northern ethnicity, which gives Outtarra the opportunity to skip them and name an Akan as the next VP to quell the rumors.
Compounding the distrust is the fact that Patrick Achi’s was a member of the opposition party of Henri Konan Bedie before he switched to the ruling party.
The next presidential election is not until 2025.
DNT News with Correspondent report from Julius Ouya
As a result of the multitude of sanctions placed on Russia for its invasion of Ukraine, it has defaulted on interest payments on its debt, DNT reports.
The interest payments were due in the dollar denomination but Russia offered to pay in Rubbles, which was declined by the US Treasury Department.
A Treasury Department Official reasoned that the decline in value of the Rubble has caused some currency manipulation on the part of the Russians making it difficult to ascertain the true value of the Rubble. “We have no credible formula to calculate the conversion of the Rubble,” said the official.
Meanwhile the European Union is set to unveil a sixth round of sanctions on Russia as the community’s ministers still disagree over whether or not to include oil and gas sales by Russia.
Russia invaded neighboring Ukraine on February 24 this year in what the west calls an “unprovoked attack” triggering several rounds of sanctions.
The seven-week war has been longer than what Russia apparently anticipated and has resulted in a withdrawal from the outskirts of Kyiv. Russian President Vladimir Putin has appointed a new General for the war and has recalibrated its strategy to focus on Eastern Ukraine.
DNT News from Correspondents Reports.
Larry Tanenbaum and Eduardo Saverin, the Facebook co-founder, are understood to have agreed to back Steve Pagliuca's multibillion pound takeover bid for the Stamford Bridge club, Sky News learns.
The chairman of the world’s richest basketball league has joined one of the consortia preparing to table final takeover bids for Chelsea Football Club this week.
Sky News has learnt that Larry Tanenbaum, who chairs the National Basketball Association (NBA) and owns a host of North American sports teams, is among the investors backing Steve Pagliuca’s offer for the Stamford Bridge club.
City sources said on Monday that Mr Tanenbaum, a Canadian, was among several wealthy individuals who have agreed to back Mr Pagliuca, the private equity billionaire who has made a fortune from his career at Bain Capital.
Among the group’s other co-investors are said to be John Burbank, founder of the San Francisco hedge fund Passport Capital, and Eduardo Saverin, the Facebook co-founder who was the first investor in the tech behemoth.
Mr Saverin and Raj Ganguly, two co-founders of investment firm B Capital Group, are both understood to have agreed to back Mr Pagliuca.
Last week, Sky News revealed that Bob Iger, the former Walt Disney chairman, had also been approached about joining the bid.
The Bain Capital chairman is reported to have attended Chelsea’s 6-0 win at Southampton on Saturday, having travelled to the UK for talks with club executives and advisers about his offer.
Mr Pagliuca co-owns the Boston Celtics NBA team, as well as a large stake in the Italian Serie side Atalanta, which he could be obliged to offload if he is successful with his Chelsea bid.
One source close to Mr Pagliuca’s bid said that Mr Tanenbaum’s work on combating antisemitism was likely to be well-received by Roman Ambramovich, the Chelsea owner who has been hit by UK government sanctions following Russia’s invasion of Ukraine.
The four remaining consortia plotting to replace Roman Abramovich as Chelsea’s owner must table final bids on Thursday, two days after the crucial second leg of the London club’s Champions League quarter-final against Real Madrid.
Chelsea trail 3-1 after last week’s first leg.
Raine Group, the merchant bank overseeing the sale process, extended the deadline last week in order to give the four bidders a full and fair opportunity to finalise the details of their proposals.
Raine is considering awaiting clearance from the Premier League for all four consortia before presenting a preferred bidder to the government.
Scrutiny of the four bids by English football’s top flight has already got underway after the remaining consortia submitted details of their key investors to Raine ten days ago.
The Premier League is expected to take the remainder of this month to evaluate those involved in the bids – who include a string of US billionaires and pillars of the British corporate establishment – and its work to approve all four consortia means the process may need to be extended.
One of the bidders, who spoke on condition of anonymity, said they now anticipated that a final recommendation would be made to ministers later than the original target date of the week beginning April 18, with the deal now likely to complete in May.
In addition to Mr Pagliuca’s consortium, the bidders comprise: a group led by Sir Martin Broughton, the former Liverpool and British Airways chairman, which includes the billionaire Crystal Palace shareholders Dave Blitzer and Josh Harris; a bid spearheaded by Todd Boehly, the LA Dodgers part-owner, which includes backing from Clearlake Capital, a US investment firm; and the Chicago Cubs-owning Ricketts family, who have teamed up with Cleveland Cavaliers-owner Dan Gilbert and the hedge fund tycoon Ken Griffin.
The four remaining bidders visited London last week to meet Chelsea board members, executives and Raine as they vie to end Mr Abramovich’s 19-year tenure.
They have all been told they must provide legal undertakings that they will guarantee at least £1bn of investment in the club’s infrastructure, its academy and women’s team if they acquire it in the coming weeks.
The sale process has been complicated by the sanctions against Mr Abramovich and the frenzy of interest in buying last season’s Champiosn League-winners.
Between them, the final bidders either control or own stakes in a legion of North American teams spanning baseball, basketball and ice hockey.
The cluster of American sports billionaires circling Chelsea underlines the extent to which the English Premier League has become a magnet for financiers from across the Atlantic during the last 20 years.
Arsenal, Liverpool and Manchester United have all been acquired by US-based businessmen during that period, and a significant number of other top-flight clubs also have American backing.
Last season’s Champions League-winners have been thrown into disarray by Russia’s war on Ukraine, with Mr Abramovich initially proposing to place the club in the care of its foundation and then formally putting it up for sale.
By the standards of conventional takeover processes, the Chelsea auction has moved at breakneck speed, with executives at other major investment banks suggesting that such a complex sale would typically have taken at least six months.
Prior to being sanctioned, Mr Abramovich had said he intended to write off a £1.5bn loan to the club and hand the net proceeds from the sale to a new charity that he would set up to benefit the victims of the war in Ukraine.
A rapid sale is seen as essential if Chelsea is to avert the uncertainty that would trigger the break-up of one of the top flight’s most valuable playing squads.
The current Fifa Club World Cup-winners have been thrown into disarray by Russia’s war on Ukraine, with Mr Abramovich initially proposing to place the club in the care of its foundation and then formally putting it up for sale.
Mr Abramovich had initially slapped a £3bn price tag on the Stamford Bridge outfit, with the net proceeds being donated to a charitable foundation set up to benefit the victims of the war in Ukraine.
As well as government consent in the form of a special licence, Chelsea’s new owners will also require the approval of the Premier League under its fit and proper ownership test.
A spokeswoman for Mr Pagliuca declined to comment, while none of those understood to be joining his consortium could be reached for comment.
Twitter CEO Parag Agrawal says Musk, the firm’s biggest shareholder, has decided not to join its board.
The CEO of Twitter has said Elon Musk will not join the board of directors of the social media giant, in a reversal less than a week after announcing that the billionaire tech entrepreneur would be appointed.
Currently the world’s richest man and with more than 80 million Twitter followers, Musk last week disclosed the purchase of 73.5 million shares – or 9.2 percent – of the company’s common stock, becoming its largest shareholder.
“Elon has decided not to join our board,” Twitter CEO Parag Agrawal tweeted on Sunday.
“Elon’s appointment to the board was to become officially effective 4/9, but Elon shared that same morning he will no longer be joining the board,” Agrawal said.
“I believe this is for the best.”
Agrawal had announced on Tuesday that Musk would be joining the board, describing him as “a passionate believer and intense critic of the service which is exactly what we need”.
Musk himself tweeted that he was “Looking forward to working with Parag & Twitter board to make significant improvements to Twitter in coming months!”
In his announcement on Sunday, Agrawal shared a note he sent to Twitter, which said Musk’s appointment to the board would be contingent on a background check and that he would have to act in the best interests of the company once appointed.
“Elon is our biggest shareholder and we will remain open to his input,” Agrawal added.
In an apparent reaction to the news, Musk tweeted a smirking emoji, without any other comment.
The SpaceX founder and Tesla chief is a frequent Twitter user, regularly mixing in inflammatory and controversial statements about issues or other public figures with remarks that are whimsical or business-focused.
He has also sparred repeatedly with federal securities regulators, who cracked down on his social media use after a purported effort to take Tesla private in 2018 fell apart.
Musk’s decision not to take a seat on the Twitter board came after he tweeted on Saturday asking whether the social media network was “dying” and to call out users such as singer Justin Bieber, who are highly followed but rarely post.
“Most of these ‘top’ accounts tweet rarely and post very little content,” the Tesla boss wrote, captioning a list of the 10 profiles with the most followers – a list which includes himself at number eight, with 81 million followers.
“Is Twitter dying?” he asked.
An outspoken and polarising figure, the announcement of his appointment to the board had sparked misgiving among some Twitter employees, according to a Washington Post report.
Workers at the United States-based social media company cited worries about Musk’s statements on transgender issues and his reputation as a difficult and driven leader, according to statements on Slack reviewed by the Post.
A California agency has sued Tesla, alleging discrimination and harassment against Black workers. The electric carmaker has rejected the charges, saying it opposes discrimination.
Nigeria’s Vice President, Yemi Osinbajo, has declared his intention to run for the office of president.
Mr Osinbajo, from Ogun State, seeks to to succeed his principal, President Muhammadu Buhari, whose second term in office ends in May 2023.
PREMIUM TIMES had exclusively reported that Mr Osinbajo was set to declare and how the declaration would be made.
In his declaration speech posted on his social media handles, Mr Osinbajo said he has, in the past seven years as vice president, “traversed every part of our country, meeting Nigerians of every cadre, class, tribe and walks of life, both young and old; I MET YOU.”
I am today, with utmost humility formally declaring my intention to run for the office of the President of the Federal Republic of Nigeria on the platform of APC.
— Prof Yemi Osinbajo (@ProfOsinbajo) April 11, 2022
Mr Osinbajo will challenge for the ticket of the ruling party, APC, with others who have declared their intentions; including ex-Lagos governor Bola Tinubu and transportation minister Rotimi Amaechi.
Read Mr Osinbajo’s declaration speech below.
“For the past seven (7) years, I have served as Vice President under a true Nigerian patriot, President Muhammadu Buhari.
“In these 7 years, while on the train of duty and service, I traversed every part of our country, meeting Nigerians of every cadre, class, tribe and walks of life, both young and old; I MET YOU.
I believe that the very reason why the Almighty God gave me these experiences, these insights and these opportunities, is that they must be put to the use of our country and its great peoples.
I’ve stood where you stand and sat where you sit. I know and I understand our hopes, aspirations and fears from a place of relatable proximity; and I believe that in those hopes and aspirations are the seeds for the great Nigeria that we all desire.
I believe that the very reason why the Almighty God gave me these experiences, these insights, and these opportunities, is that they must be put to the use of our country and its great peoples.
This is why today, with utmost humility, I formally declare my intention to run for the office of the President, Federal Republic of Nigeria, on the platform of our great party, the All Progressives Congress.
I also most solemnly and respectfully seek your support as fellow Nigerians everywhere in this land and the diaspora, as we embark on this great and exciting journey that lies ahead of us.
IT IS TIME.
#ItisTime
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