Tag: talks

  • Chad rebels return to peace talks | The Guardian Nigeria News

    Chad rebels return to peace talks | The Guardian Nigeria News

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    Several Chadian rebel and political groups have said they are resuming peace talks with the country’s military government in Qatar after pulling out last week.

    Around 50 groups have been negotiating for more than four months in Doha, with the aim of holding an inclusive national dialogue to pave the way for elections.

    But a host of them withdrew from the talks on July 16, accusing the government of seeking to destabilise peace efforts.

    On Saturday, Colonel Adoum Yacoub, a spokesman for 19 groups that had pulled out, told AFP their concerns had been addressed.

    “We had discussions with the mediator with whom we shared our grievances in writing and we received all the answers,” he said.

    Brahim Hissein, a spokesman for Chad’s main armed opposition movement, the Front for Change and Concord in Chad (FACT), said they had spoken to the mediator on Thursday and decided to “give the talks a new chance”.

    Government spokesman Abderahman Koulamallah praised “the foresight of (his) brothers”.

    On Thursday, the Qatari mediator handed a draft peace agreement to the rebel groups and the Chadian government.

    Mahamat Mahdi Ali, the leader of FACT, told AFP: “There are two or three points to discuss… but it’s a good start.”

    The impoverished Sahel state was buffeted in April 2021 when its veteran president, Idriss Deby Itno, died fighting rebels, including FACT.

    His son, Lieutenant-General Mahamat Idriss Deby Itno, immediately took over at the head of a junta.

    He dismissed the government, dissolved the parliament and repealed the constitution, vowing to hold “free and transparent” elections in 18 months — a deadline that he said could be postponed once if “certain conditions” were not fulfilled.

    The rebel groups who withdrew on July 16 did so less than 24 hours after the younger Deby’s administration announced that a national peace dialogue ahead of elections would start on August 20.

    The rebels said the new date had been set without any consultation, describing it as an attempt to “exclude” many of the armed groups and their political allies from the dialogue.



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  • FTX in talks to raise funds amid spending spree to prevent contagion

    FTX in talks to raise funds amid spending spree to prevent contagion

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    Sam Bankman-Fried-led FTX and its US division FTX US are in talks to raise new funds, Bloomberg News reported July 20.

    The crypto exchange reportedly seeks to raise an amount at the same valuation as its Series C fundraising in January when FTX  raised $400 million at a $32 billion valuation and FTX US raised $400 million at an $8 billion valuation.

    Bloomberg stated that an FTX spokesperson declined to comment on the fundraising talks.

    Preventing crypto contagion

    Reports of FTX’s search for new funding come amid the exchange’s efforts to stop the contagion in the crypto market.

    FTX US extended a $400 million credit line to BlockFi in the thick of the crypto winter. The credit facility came with an option for the exchange to purchase the distressed company for $240 million, depending on its performance.

    SBF’s Alameda Ventures also gave Voyager Digital a $200 million and 15,000 Bitcoin (BTC) loan on June 22. However, it was later revealed that Alameda Research, another SBF-linked firm, owed Voyager $377 million.

    Bloomberg reported that SBF committed about $1 billion to save others during the crypto market crash.

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  • MTN in Talks to buy Telkom, South Africa’s 3rd biggest Phone Operator

    MTN in Talks to buy Telkom, South Africa’s 3rd biggest Phone Operator

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    MTN Group Ltd. is in talks to buy smaller domestic rival Telkom SA SOC Ltd. in a deal that would combine South Africa’s second and third-largest telecommunications operators.
    According to Bloomberg, MTN would pay for the partially state-owned company in shares or a combination of cash and stock, according to a statement on Friday.

    Discussions are at an early stage and there is no certainty the transaction will be completed, the carriers said.

    Telkom shares soared 15%, the most since September, valuing the company at almost 20 billion rand ($1.2 billion).

    Read also: MTN’s 5G service promises internet speed up to 300mbps from Aug 24

    Following a multi-year asset-disposal program, MTN is flush with cash and looking to strengthen its hand in core African markets.

    A combination with Telkom would help close the gap with Johannesburg rival Vodacom Group Ltd., South Africa’s market leader, though a number of competition issues would have to be worked through as the deal would create an effective duopoly.

    Unrep desktop

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