Showtime Management and international partner Selladoor Worldwide have postponed the South African tour of the We Will Rock You musical to 2022. South Africa is currently in its third wave of Covid-19 infections and, as such, the government has implemented precautions that only allows for a total audience of 100 people.
From East London to some of South Africa's most storied agencies. After winning on global stages and achieving what she set out to on the inside of the corporate advertising machinery, Leigh-Anne Salonika is living her purpose, and in doing so working with brands to unlock theirsByEvan-Lee Courie
PTA Bank has approved a loan of US$11.5million to Burundi Backbone Systems Company S.M. (BBS) with a guarantee of US$1,767,058 for the construction of a national fiber optic network in the country. The financing was approved by the board members of PTA Bank during a board meeting of the bank in Nairobi early in April 2013.
The network will connect all 17 provinces of Burundi and will facilitate connection to the international submarine cables landing at Dar-es-Salaam and Mombasa through border point connections with neighboring countries. The project will be implemented in three phases.
Speaking after the approval, David Easum, the CEO of BBS stated that the loan would play an important role in financing a project of national importance to Burundi.
"The loan would revolutionize the telecommunications sector by bringing the benefits of high speed, high bandwidth connectivity at a more affordable cost. An immediate impact of the project will be to increase the internet and mobile penetration in Burundi making communication services available to a larger part of the population."
On his part, Admassu Tadesse, president and CEO of PTA Bank said that project fits well into PTA Bank's mandate of supporting infrastructure development in member states, in particular, the emerging markets.
"In support of the BBS fibre optic backbone project, PTA Bank has approved an aggregate of US$13.2 million comprising of a direct loan and performance guarantee," said Tadesse. "It will have a significant development impact by facilitating e-government, tele-medicine and taking connectivity to rural areas."
By creating direct communications channels between Burundi and the rest of the world, the project will help minimize costly and inefficient dependence on satellite transmission. Improved communication will promote trade within the country and between Burundi and the rest of the COMESA region.
LEGAL DISCLAIMER: This Message Board accepts no liability of legal consequences that arise from the Message Boards (e.g. defamation, slander, or other such crimes). All posted messages are the sole property of their respective authors. The maintainer does retain the right to remove any message posts for whatever reasons. People that post messages to this forum are not to libel/slander nor in any other way depict a company, entity, individual(s), or service in a false light; should they do so, the legal consequences are theirs alone. Bizcommunity.com will disclose authors' IP addresses to authorities if compelled to do so by a court of law.