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Statewide Broadcast: Plateau Governor Sounds Alarm on Potential Peace Disruption

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Mutfwang

In a recent state-wide address on Monday night, Plateau State Governor, Caleb Mutfwang, unveiled potential threats to the prevailing peace in the state and called upon citizens to exercise restraint in their statements, avoiding actions that could disrupt the tranquility of the region.

Governor Mutfwang began his broadcast by discussing the current political landscape in the state and assured residents of his unwavering commitment to deliver effective leadership. He acknowledged the challenges faced upon assuming office, emphasizing the dire state of various institutions and infrastructure.

According to him, “I am glad to address you today out of the need to keep you updated on our efforts towards rebuilding the foundations of our dear State. You will recall that I have stated at several fora that upon being sworn-in, we met a State in dire need of attention and repair with so many institutional and physical structures at the verge of collapse.

“Since my lawful declaration as Governor of this Great State, my team and I decided to hit the ground running, by urgently undertaking certain efforts to retrace our steps and correct fault lines left by the administration we took over from… However, as your leader in service, I owe you a duty and responsibility to regularly update you on the state of affairs as we continue to put in place the right approaches and strategies to ameliorate the challenges we face.

“I must at this point express gratitude to His Excellency, Asiwaju Bola Tinubu, GCFR, President, Federal Republic of Nigeria, who granted me audience within his early days in office during which His Excellency immediately made a commitment to address the security challenges in our State. I sincerely appreciate Mr. President for the support provided so far and look forward to sustained collaboration with the Federal Government towards eliminating all security challenges on the Plateau. I want to also extend appreciation to all security agencies for their cooperation and immediate response to the isolated attacks.

“I want to seize this opportunity to specifically express appreciation to the Chief of Defense Staff; General Christopher Musa, Chief of Army Staff; Lieutenant General Taoreed Lagbaja, Chief of the Air Staff; … , Inspector General of Police; Egbetokun Olukayode Adeolu, PhD, Director General of the DSS; Mr. Yusuf Magaji Bichi, Commandant General of the Nigerian Security and Civil Defense Corps; CG Ahmed Audi, and other security chiefs and operatives for their patriotism and professionalism which have allowed us to cultivate about 900 hectares of land of attacked communities…”

On the political development and security

He added, “It has also become expedient to address the recent developments in our polity. We must not be tempted to throw away the baby and the bath water. We must continue to have faith in the Three Arms of Government, and believe that God will still use this great and necessary institution to affirm His will which you, my dear citizens, graciously and resoundingly expressed on March 18th this year.

“Recent developments have generated and continue to generate unnecessary tensions between our people. We are not unaware of activities by some who are busy conspiring to scuttle the relative peace we are enjoying. We must not allow them! We must not allow ourselves to be provoked into making unguarded statements that will only overheat the polity. We must allow the lawful grievance resolution mechanisms to be brought to a logical conclusion in an atmosphere devoid of threats or tension as some of our saboteurs would love.

“As a government, we wish to restate our commitment to protecting lives and properties. We therefore assure all and sundry to go about their lawful duties without any fear or intimidation.
To my dear youths, I urge you not to allow people with unexplained wealth instigate you into violence. These are people who occupy positions of honor but are actually dishonorable.

“Unfortunately, their dubious wealth has not brought them the honor they crave for, hence their resolve to seek the destabilization of our dear State. Doing the bidding of such miscreants mistaken for honorable will only ruin your God given potentials and destiny. I entreat you, flee from such leaders who preach and scheme evil. We must not allow the modest gains we have made in the last three months to be scuttled by utterances of a few rascals in our midst who found themselves in positions of honor they do not deserve!

“At this juncture, I hereby appeal for calm and restraint. Do not pay attention to merchants of destabilization who are bent on reversing the gains made so far. As Chief Security Officer of Plateau State, let me sound a note of warning that; I will not tolerate any attempts at unsettling the peace of our dear State and hereby call on any individual or group(s) involved in such conspiracies to desist forthwith.”

Mutfwang further stressed that, “Security agencies are investigating various leads to track down the sponsors of crime and to promptly deal with any criminal tendencies. Let us maintain our focus on the path of unity, peace and development. Let me appreciate the unwavering support I have enjoyed since assumption of office. I have never been under any illusion that I can run the state on my own capacity. Rebuilding the State requires collective action. We must be intentional and united in purpose towards building a prosperous Plateau where everyone will dare to dream and succeed.

“We shall continually be fair to all irrespective of party, ethnic or religious affiliation. Let me reassure you, dear citizens of Plateau that I will work assiduously to leave indelible marks, build on successes of the past administrations and set a new performance measurement standard for successive leaders…”

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Continental Reinsurance’s $156.1M Public Offer Highlights Africa’s Growth Story

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The Continental Reinsurance Holdings Limited Public Offer continues to build momentum as investors take a closer look at one of Africa’s leading pan-African reinsurers and the long-term growth opportunity presented by the continent’s insurance sector.

The Public Offer, which opened on 5 August 2026, gives both retail and institutional investors the opportunity to participate in the continued growth of a business that has spent more than four decades supporting insurance markets across Africa.

As the first reinsurer to seek a listing on the Botswana Stock Exchange, the transaction represents an important milestone for both Continental Reinsurance and Botswana’s capital markets.

The transaction comprises US$126.1 million relating to the acquisition of existing shares and US$30 million in fresh primary capital for the Group, representing total IPO proceeds of approximately US$156.1 million. The listing will strengthen Botswana’s position as a platform for pan-African financial services, with the Group’s Botswana-domiciled holding company accredited under the Botswana International Financial Services Centre framework. Following approval by the Botswana Stock Exchange of a revised offer timetable, the Public Offer now closes on 9 October 2026. Lawrence Mutsunge Nazare, Group Managing Director, said:

“The Public Offer gives investors an opportunity to understand our business, our markets and our future growth plans. Continental Re has spent more than 40 years helping insurers across Africa absorb risk, build resilience and support economic growth. Through this Public Offer, we are inviting investors to participate in the next phase of that journey.

The US$30 million in fresh primary capital will strengthen our underwriting capacity, support solvency and rating resilience, and help scale our Alternative Solutions business. It will also support our aspiration to strengthen our financial strength rating over time, positioning Continental Re to serve even more clients across the continent. We believe our disciplined underwriting, strong governance, pan-African footprint and long-term growth strategy provide a compelling investment proposition, and we look forward to welcoming new shareholders.”

A Business Built Across Africa

Continental Re provides composite reinsurance solutions to insurance companies across more than 50 African countries through six regional hubs in Gaborone, Lagos, Nairobi, Douala, Abidjan and Tunis. For more than four decades, the Group has helped insurers manage risk, strengthen resilience and respond when catastrophic events occur. Today, it serves more than 900 cedant, broker and counterparty relationships through a diversified portfolio spanning Property & Engineering, Casualty & Liability, Marine & Aviation, Energy & Political Risks, Agriculture and Life Insurance.

The Group’s differentiation lies not in balance-sheet scale but in its pan-African distribution network, four decades of market experience and proximity to cedants and brokers across multiple linguistic, regulatory and economic environments – competing on market knowledge, relevance and responsiveness rather than size alone

Growth Capital Going to Work

Proceeds from the Public Offer will support Continental Re’s next phase of growth by:

Strengthening the Group’s capital base.
Expanding its Alternative Solutions business.
Supporting its aspiration toward a stronger financial strength rating over time.
Supporting continued investment in technology and operational capability across Africa.
The Group’s Alternative Solutions business is a key part of this strategy. It uses Continental Re’s pan-African distribution and underwriting capabilities to originate and structure African risks for placement with highly rated global capacity – generating fee, commission and underwriting income in a capital-efficient way, without requiring the Group to retain all the associated risk on its own balance sheet.

Continental Reinsurance delivered another year of resilient financial performance, including:

Insurance revenue: BWP 2.32 billion (USD 173.1 million)
Gross written premium: BWP 2.27 billion (USD 165.6 million)
Profit before tax: BWP 105.3 million (USD 9.7 million), representing growth of more than 50% year-on-year
Loss ratio: 33%
Combined ratio: Improved to 92% (from approximately 94% in the prior year)
Financial strength rating: AM Best B+ (Stable Outlook), with balance-sheet strength assessed as Very Strong
The Board intends to distribute between 40% and 60% of annual net income as dividends, subject to future performance and Board approval.

Africa’s Reinsurance Opportunity

Africa’s reinsurance market generated approximately USD 6.3 billion in gross premiums in 2024, having grown by 89% between 2015 and 2024. Despite this growth, Africa accounts for only 1.6% of global reinsurance premiums. Insurance penetration across Africa remains approximately 2.8% of GDP, compared with a global average of around 6.8%, highlighting significant room for expansion.

Shares are available at BWP 1.00 per share, with a minimum application of 200 shares (BWP 200). Application forms are available through the Prospectus, via the Sponsoring Broker Motswedi Securities, the Botswana Stock Exchange, and Continental Reinsurance Holdings Limited offices, as well as online here.

The post Continental Reinsurance’s $156.1M Public Offer Highlights Africa’s Growth Story appeared first on Business Today NG.

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At Meta Connect, the company’s smart glasses were everywhere

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If there was one thing that was obvious from Meta Connect this year, it’s that the social media giant is all-in on its burgeoning line of smart glasses.

Indeed, the glasses were pretty much everywhere at the annual event, where Meta shows off its newest hardware and AI products. Both Meta staff and the flocks of influencers who frequent the event seemed to arrive with the glasses glued to their faces. Most of the demos the company offered this week also involved the glasses.

I swiftly joined the bespectacled masses and found myself trying on pair after pair of Meta’s high-tech specs.

One of the more notable products I had an opportunity to demo were Meta’s new, still-unreleased, audio-only smart glasses. News of these glasses emerged not long after the company weathered accusations that it was selling “pervert glasses,” with critics alleging that its camera-equipped specs could be used for nefarious surveillance purposes.

The new glasses come equipped with six microphones, but no camera, and they have no native way to record your surroundings, which should go a long way toward easing privacy concerns. They are significantly lighter than any of the other smart glasses I’ve worn, and they were quite comfortable.

The Meta staffer I talked to emphasized the glasses’ entertainment and communication options: You can listen to music easily (they’re more comfortable than earbuds) and take phone calls without reaching for your phone.

The glasses will also integrate with Muse, Meta’s personal agentic system, which can carry out tasks on the user’s behalf. The new integration, which isn’t yet available to the public, lets wearers speak to Muse and give it commands verbally. Meta also plans to personalize the agent, letting users pick from an assortment of cute digital avatars that can represent the agent when it communicates with them.

I was given an opportunity to try this out, which was fun but also somewhat comical. You have to be very direct with the agent, and you can’t talk to anyone else at the same time or it will get confused. Problematically, I kept chatting intermittently with the Meta staffer who’d given me the glasses, and the agent kept thinking I was speaking to it, so it would talk over her.

Still, in the right context, it’s easy to see how this new integration could be incredibly useful. If you don’t mind being seen in public talking to your own sunglasses, you’ll be able to ask Muse to take care of various digital tasks for you, like sending emails or reciting to-do lists, and it will handle them while you’re out grocery shopping or having a beer. You can also ask the glasses anything, and like a mobile version of ChatGPT, they’ll spit out an answer. (I asked the glasses a question about World War II, and they gave me a succinct and historically accurate response.)

Finally, I also got to test-drive a second audio-only pair: Meta’s new glasses for the hearing impaired. Given that hearing loss affects many families (some 50 million Americans are said to have some level of hearing loss), this device, unlike a lot of other modern tech gadgets, serves a clear and practical purpose.

Image Credits:Lucas Ropek

I spoke briefly with a member of Meta’s research team who said the glasses had been in development for about five years, and he pointed out a price difference that could make them appealing: Whereas a lot of hearing aids can run as high as $1,600, the glasses will sell for $150.

The experience of wearing these glasses was interesting. Meta had me put earplugs in before trying them on to simulate the hearing loss that the glasses are meant to help users overcome. Once the glasses were on, they seemed to amplify the voice of the person I was talking to. Users can switch the amplification from focused, which zeroes in on the person in front of them, to omnidirectional, which picks up sound from all around them, depending on how they want to experience their surroundings.

Mark Zuckerberg has made it clear that he believes smart glasses are the future, and it’s evident that his company is doing its best to fulfill that vision. But smart glasses remain a niche that has yet to truly find its footing. What was most obvious at Connect is that Meta has — in an attempt to succeed where others have failed — cast a very wide net, trying to make its glasses stylish, functional, and, most of all, useful.

Is this the future? Unsurprisingly, everyone at Connect seemed to think so. I suppose we’ll have to see if the rest of the world follows suit.

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