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Real Madrid reappoint Zidane as coach, after sacking Solari

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Zidane

Abuja, March 11, 2019 Former France midfielder and captain Zinedine Zidane has been reappointed as coach at Real Madrid, after the Spanish La Liga side sacked Santiago Solari on Monday.

Zidane won an unprecedented three consecutive UEFA Champions League titles with the Spanish giants before resigning in May last year.

Julen Lopetegui who replaced him was sacked in October, with Solari his replacement lasting just over four months in charge.

A club statement confirmed Solari’s sacking and said Zidane’s appointment was with immediate effect.

It added that the 46-year-old would be in charge for the rest of the season and three more seasons until 2022.

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Foreign

News Analysis: Egypt’s real-estate sector resilient though impacted by COVID-19

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As the Egyptian economy suffers a slowdown due to the outbreak of COVID-19, the real-estate sector stayed resilient to the market fluctuations, according to economic and property experts.

“No country in the world will emerge from the COVID-19 pandemic unscathed especially at the economic level,” said Waleed Gaballah, professor of financial and economic jurisdictions at Cairo University.

“Egypt’s economy was hit by contraction of tourism, a decline of remittances of Egyptians abroad and unsurprisingly reduction in revenues from the Suez Canal, which is extremely sensitive to global trade and economic growth,” Gaballah told Xinhua.

However, in a country of over 100 million people, the demand for housing continues to outstrip supply. The expert added that people always look upon the real-estate sector as “the most secured investment.”

In 2019, some 500,000 Egyptians sought to buy apartments whether for living in or investing, according to the country’s official statistics agency.

“Sales of properties have been impacted in March and April which usually constitute high sales months in Egypt after the cancellation of Cityscape, the largest real-estate event in Egypt,” said Saad Husseiny, sales manager at Property Consultancy, a leading real estate company.

The curfew and the stop of contracts of some employees especially in the tourism and aviation sectors in the wake of the virus made clients reluctant for concluding some deals.

But Husseiny believed that it’s “merely a matter of delay of the purchase process” for a certain short period rather than real losses.

“Egypt’s real-estate sector is strong and flexible,” he added, expecting the second half of 2020 will compensate the losses of the previous months and bring the annual revenues to normal level by the end.

He noted that the country’s big developers have offered discounts on some units and expanded the terms of installments to encourage more sales.

Unlike other sectors, the construction sector in Egypt resumed 100 percent of on-site operation at the beginning of April, nearly two weeks after the government initially imposed a curfew in the middle of March to control the spread of the COVID-19.

As part of measures undertaken to stimulate the market, the Central Bank of Egypt (CBE) in March reduced interest rates by 300 basis points, its biggest rate cut on record, setting the lending rate at 10.25 percent.

Gaballah stressed the CBE‘s move has helped businesses to withstand pressures during the pandemic and experience cheaper debt.

Workers have returned to the country’s construction sites while the sanitation measures are fully implemented to preserve their health, according to an agreement between the minister of housing and the Egyptian Federation for Construction and Building Contractors under the supervision of the prime minister.

Moreover, the government has embarked on an ambitious urban-expansion plan spearheaded by the New Administrative Capital east of Cairo in addition to further expansions in different provinces and regions of the country.

Chinese construction giant, the China State Construction Engineering Corporation is continuing to push ahead the project there. At the CBD site, Egyptian and Chinese engineers and workers are sparing no effort to advance construction, while actively implementing pandemic prevention measures.

“The state and private developers pushed the construction works ahead actively in the sites along with implementing the anti-coronavirus precautionary measures to maintain the power of that vital sector,” Husseiny explained.

He added the country’s developers are exerting tremendous efforts to deliver units on time and gain the confidence of customers.

(XINHUA)

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Foreign

Respect and good care? What older Americans really get in this “Older Americans Month”

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(Source: Xinhua)

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Sport

Real Madrid forward, Bale, questions critics of golf hobby

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Real Madrid forward, Gareth Bale, says he is still confused that his love for playing golf has caused a stir in Spain.

Bale also  questioned why other elite sportsmen were not criticised for playing the game.

In spite of winning four Champions League titles with Real, and scoring crucial goals in three finals, Bale still divides opinion in Spain due to a perceived lack of commitment as well as  poor injury record, which the Spanish media have often blamed on his passion for playing golf in his spare time.

Last year, he celebrated Wales’ qualifying for Euro 2020 by posing in front of a banner reading ‘Wales. Golf. Madrid. In that Order’.

This caused a vicious backlash,  leading to Real fans booing and whistling him in his first game back for the club.

“A lot of people have problems with me playing golf,” Bale told U.S golf podcast The Eric Anders Lang Show.

“I don’t know what their reason is, because I have  spoken to doctors and everybody is fine with it.

“The media has this perception that it is not good for me, you should be resting, it can cause you injuries.

“(U.S. basketball player) Steph Curry plays maybe on the morning of a game. If I play two days before a game, it is like ‘what is he doing?’”

According to Bale, who has built a golf course in his back garden in Wales,  he plays on a handicap between three and four and plays golf at least twice a day when the football season is over.

Edited By: Emmanuel Okara/Ijeoma Popoola (NAN)

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Politics

We will make Lagos 4th Mainland Bridge a reality — Sanwo-Olu’s Aide

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Mrs Aramide Adeyoye, Special Adviser to Gov. Babajide Sanwo-Olu on Works and Infrastructure, says his administration will make the Lagos 4th Mainland Bridge a reality.

The governor’s aide said this during an online CovInspiration Show organised to mark the first year in office of Gov. Sanwo-Olu.

The News Agency of Nigeria reports that the social media show, moderated by UN Youth Ambassador, Dayo Israel, was stream on Youtube, Facebook and Instagram in compliance with physical distancing rules occasioned by COVID-19.

Adeyoye said: “I can tell you we have begun to see the projects that Gov. Babajide Sanwo-Olu and Dr Obafemi Hamzat are putting together – projects like Fourth Mainland Bridge.

“I pray that it comes up alive! In December, we opened up bids and after evaluation, 31 people came up.

“It will be my greatest joy when I see that project come alive even if it is not finished in this first four years.”

The special adviser said that the preferred bidder for the project would be made known soon.

According to her, the government is in the process of awarding contract for the regional road project that will be a relieve to the residents along the Lekki Epe Expressway.

Speaking on Sanwo-Olu’s achievements in the last one year in works and infrastructure, Adeyoye said that the governor had done a lot through the Public Works Corporation (PWC).

“The Ojota Road is under construction, four roads will be commissioned in Shomolu, Ladipo and Akinwunmi in Mushin.

“Epeme in Badagry, which is a six kilometer road; this is a road that will boost the tourism potential in Lagos State.

“Also, 31 networks of roads in Ojokoro, all these roads were in the last one year either being commissioned or to be commissioned,” she said.

According to her, work is ongoing on Ijede road in Ikorodu, while the Pen Cinema Bridge and Lagos Badagry Expressway will be completed by July/September, respectively.

Adeyoye, however, urged residents to desist from throwing refuse in drainages and burning tyres on the road, saying it affects the durability of the roads.

Adeyoye also noted that burning of tyres on road did not only affect the durability of road infrastructure, but also led to pollution and environmental hazards.

“It behoves on all to keep the road in good condition and we should all be responsible and take ownership of those assets.

“When drainages are cleaned regularly, the roads are likely to last longer,” she said

On Abule-Egba-Oshodi Bus Rapid Transit (BRT) road, the special adviser said that contractors were working and that the project would be completed.

LAMATA is up and doing on the supervision of the project and it will be completed soon. l assure you that all projects will be completed, government is a continuum,” she said.

Earlier, the host, Israel, said that the decision to host the cabinet members on CovInspiration (Online) show was to ensure sustenance during COVID-19 partial lockdown.

Israel, who is a Board Member of State Universal Basic Education Board (SUBEB), said that the show afforded cabinet members opportunity to stay in their comfort zones and speak with viewers.

Gov. Sanwo-Olu has announced plans to commission some projects in the state to commemorate his first year anniversary on Friday.

Edited By: Wale Ojetimi (NAN)

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Foreign

Afghanistan closer to realizing peace than ever: FM

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The fast-moving events in recent months have taken Afghanistan closer to peace than ever, but the road ahead is far from smooth, Chinese State Councilor and Foreign Minister Wang Yi said Sunday.

Wang made the remarks at a press conference on the sidelines of the annual national legislative session.

(XINHUA)

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Entertainment

Lagos-based real estate practitioner drums support for creative industry

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A Real Estate practitioner, Mr Olabisi Akanbi, has urged private sectors to partner governments at all levels to reposition the creative industry in Nigeria.

Akanbi, who is also the Chief Executive Officer of Labor Groups (Real estate and automobile company) Lagos, made the plea in an interview with the News Agency of Nigeria on Friday in Lagos.

He said that governments alone cannot do everything hence the need for the private sectors also to intervene with more strategic private investment as a solid buffer to boost Nigerian creative industry.

“I read a report in foreign journal that explained how foreign investors are rushing into the Nigerian business environment in spite of the COVID19 pandemic.

“This is due to the low risk perception of our country, if Nigerian business owners fail to see what these foreigners are seeing then it will be to our loss and their gain.

“The main reason I am investing in the creative industry space and other private business owners can plug into creative industry because there are a lot of untapped talents on the streets.

“More fresh injection of funds is needed in the industry and I encourage my colleagues in the private sector to tap the huge human resource goldmine,” Akanbi said.

Akanbi added that the private sectors need to know that creative industry was a major contributor to the gross domestic product in Nigeria.

“Creative industry is not an entirely hopeless situation because the industry has proven that it is a key contributor to the Nigerian digital economy.

“The evident is the increase in revenue from online audio and visual content streaming, the pandemic has only tasked us to be more creative and strategic.

“As a real estate player, I also borrow some principles from my business to apply in my intervention in the creative industry by aligning ourselves with a talented and creative artiste such as “Dotman,” Akanbi said.

NAN reports that Labo Group which has primary interests in real estate and automobile last month signed talented singer, Dotman whose real name is Olatunji Oladotun Alade to help reposition his career under its subsidiary, Labo Entertainment.

Edited By: Modupe Adeloye/Ekemini Ladejobi (NAN)

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Economy

Real time trading, helping capital market to thrive — shareholders’ association

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Mr Eric Akinduro, the Chairman, Shareholders’ Association, Ibadan Zone says real time trading is helping the Nigerian Capital Market to thrive in the face of coronavirus (COVID-19) pandemic

Akinduro made this known in an interview with the News Agency of Nigeria in Ibadan.

He commended the leadership of the Nigerian Stock Exchange (NSE) for being proactive in setting machineries in motion for such a time as this.

“As one of the players in the market, I can say that the market is really encouraging.

“It is very active in the sense that we are getting more bullish period (Stock Market characterised by rising share prices).

“Economically, if we should look at it, by now we should not have such a thing because there is not much activity in the economy.

“But when you look at our market at times, what is driving our market is quite different from finance, as we can see it in the market presently,’’ he said.”

He noted that the market was not feeling the heat of the present pandemic and lockdown occasioned by the novel COVID-19.

“The lockdown has not really affected the market negatively because we can see that some of the companies are really performing well now.

“But one thing we know which I am quite sure of is that we are going to see the likely reverse aspect of the market at the end of the day.

“It may not be in the long term but in the short term because the market is one that is progressing,” he said.

The trend we are passing through presently would affect the market but it would be in the long term.

“When we look at some of these companies that are in the market, they are really making good business now.

“And at the end of the day, the report they will give as their quarterly report will be very encouraging, I am quite sure,” he said.

According to him, the manufacturing companies, beverages and others are earning good money now unlike some other sectors like hotels and the likes.

“Some of the companies will surely give us good reports but we cannot rule out that the market will definitely feel the heat after this period. 

“But one thing I know is that, it is not going to be for the long term but for the short term and at the end of the day the market will definitely correct itself.

“This will make investors to keep on enjoying themselves,” he said. 

Akinduro also said the electronic means of transactions had been effective and helpful in the capital market.

“It seems our operators of the capital market have helped our economy by going ahead of this current situation.

“The leadership of the Nigerian Stock Exchange at this present time envisaged this and has put every stock broking firm on their toes to ensure that they are up to the task. 

“As you can see now, there is no physical trading but trading is going on online and investors are participating.

“That is why when you have leadership they should see challenges ahead before it turns to problem. 

“They have envisaged this before now and we thank God that the real time trading is really helpful to investors now and we are enjoying it.

“If I have anything to buy today and I instruct my broker before noon, I get the alert that is to show us the proactiveness of the NSE and the capital market.”

Akinduro said if NSE had planned for such a time as this, he believed there would not be any way the investors could be participating in the market as at now. 

“They are aware of this and have put a tough strategy in place so we don’t feel the heat of the lockdown on the market as everything is going on as it ought to be,” he said.

NAN reports that the association has members in Ekiti, Kwara, Ogun, Ondo, Osun and Oyo States.

 

Edited By: Dorcas Jonah/Ese E. Ekama (NAN)

 

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Education

Parents, pupils gradually adapting to e-learning reality in Enugu

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The Enugu State Government’s extension of the lockdown by two weeks, to reduce the spread of the COVID-19 pandemic, has forced parents and pupils in the state to adopt e-learning.

Some parents, in separate interviews with the News Agency of Nigeria on Thursday in Enugu, said they were trying to cope with the online learning of their children.

According to them, this system of learning is now necessary as the children have stayed for too long without any formal learning.

They stated that parents were required by most private schools in the state to download Zoom app, WhatsApp, video conferencing apps among others, to ensure effective online classes for their children.

Mrs Uju Nwafor, a mother of three, said the e-learning process was too stressful, trying to put her children through, as she was new to the process.

“As a mother, I make sure they get prepared for their e-learning activities, so that they don’t miss  out of the day’s lesson, by joining their mates on virtual classroom learning with the help of video conferencing app.”

She said that the development had forced her to learn with the children.

Another parent, Mrs Amaka Ezeora, said her daughter’s school only used WhatsApp app, to send classwork to their pupils.

Ezeora noted that it was difficult for her to cope, as she had to copy out the work in a book, before her daughter could start writing.

“It has not been easy for me trying to help my daughter to catch up with her classwork.

“Oftentimes, I copy out the work for her from WhatsApp, to save my mobile phone’s battery,” she said.

Mrs Eucharia Nebo expressed worry over the inability of her son’s school to send their daily classwork to pupils on time.

“The new learning initiated by some private schools is a good development, though they hardly send their daily lessons early.

“Since I use my mobile phone to receive my son’s daily classwork through WhatsApp, it has not been easy for me as my business also needs my attention, especially in the morning.

“I am appealing to schools using whatsapp for e-learning to send their pupils’ class work between 7.00 a.m. and 7.30 a.m., so that parents can have time for their businesses,” Nebo said.

Mr Chuks Ibe, a father of two, stated that it was difficult for his children to adapt to e-learning, as it was a new way of learning to them.

“My children do not enjoy viewing and writing at the same time, as they complained about the fastness of the teaching from a television channel.

“With my experience as a lecturer, I usually allow them to pay attention to the lessons while I do the writing, which they copy into their own books at the end of the lessons,” the lecturer said.

Edited By: Folorunso Poroye/Maureen Atuonwu (NAN)

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Foreign

Hamas vows no release of Israeli captives without “real” prisoners’ swap deal

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A senior Hamas official said on Monday that the Israelis who have been held in captivity in the Gaza Strip since 2014 won’t be released until “a real prisoners’ swap deal” is reached.

“A real prisoners’ exchange deal is the best way for the release of the captive Israelis” held by Hamas, Hazem Qassem, Hamas spokesman in Gaza, told Xinhua.

“Otherwise, the Zionist leadership (Israel) will be just selling illusions to the Israeli public,” said Qassem, referring to the new Israeli Defense Minister Benny Gantz’s remarks to the families of the Israeli captives.

Earlier in the day, Gantz met with the families of four Israelis, two soldiers and two civilians who are believed to have been held by Hamas militants since 2014.

In October 2011, Egypt brokered a prisoners’ swap deal between Israel and Hamas, where Israel handed over 1,028 Palestinian prisoners in exchange for the release of the Israeli corporal Gilad Shalit who was abducted in southern Gaza in 2006.

(XINHUA)

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