Igihe

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  • Google Shares Drop 9%

    Google suffered an embarrassing gaff when its third quarter financial results were accidentally released early, which ultimately led to its stock price falling by more than $60 a share Oct. 18 while the markets remained open.

    Times got a bit rocky for Google Oct. 18 as the search company announced that its third-quarter profit totaled $2.18 billion, down from $2.73 billion a year ago.

    However, that wasn’t the worst of it – Google also suffered an embarrassing early release of its third-quarter Form 8-K report to the Securities and Exchange Commission’s Web site, which meant the financial data was accidentally available four hours before the stock market was set to close.

    That accidental report release triggered an early selloff in Google shares, with share prices dropping by about 9 percent before the sale of shares were eventually halted, according to a report by Barron’s.

    Google’s third-quarter revenue for the period ending Sept. 30, 2012, totaled $11.33 billion, which is lower than the expectations of a survey of financial analysts, who expected revenue of $11.87 billion.

    In his opening remarks during the earnings call with analysts, Google CEO Larry Page said the early report at 12:30 p.m. Eastern time was accidentally caused by the company’s financial printer.

    “I’m sorry for the scramble early today,” said Page. “Our printers have said that they sent out the release just a bit early.”

    Google’s revenue for the third-quarter is listed by the company at $14.1 billion, which is before the deduction of traffic acquisition costs totaling $2.77 billion. Q3 revenue for the same period one year ago totaled $9.72 billion.

    This was Google’s second quarterly earnings report since acquiring its Motorola Mobility unit in May for $12.5 billion. In its second quarter earnings report this past July, Google posted revenue of $12.2 billion, which was a 35 percent year-over-year increase from 2011.

    “We had a strong quarter,” said Page. “Revenue was up 45 percent year-on-year, and we cleared our first $14 billion revenue quarter. Not bad for a teenager,” alluding to the 14 years since Google was incorporated.

  • SOPECAF Coffee Factory Destroyed by Heavy Rain

    Heavy rains have reportedly caused heavy damage to SOPECAF coffee factory in Rubavu district.

    Nyabihu and Rubavu districts located in the volcanoe region have in the past experienced heavy rains which has caused tremendous damage to valuable property.

    Ntawukiruwabo Ramadhan the deputy Director of SOPECAF factory says, the damage caused to the factory is valued at over Frw670Million.

    Mr. Ntawukiruwabo explained that the damage will affect production.

    He calls upon government to help because the factory was in the process if paying a bank loan.

    It is also alleged that 5 houses built in the vicinity of SOPECAF factory have also been destroyed leaving families homeless.

    The most affected areas include, Rubona, Rushubi villages in Nyamyumba sector of Rubavu district.

    Residents of these areas complained that the Factory was built in the water path.

  • SOPECAF Coffee Factory Destroyed by Heavy Rain

    Heavy rains have reportedly caused heavy damage to SOPECAF coffee factory in Rubavu district.

    Nyabihu and Rubavu districts located in the volcanoe region have in the past experienced heavy rains which has caused tremendous damage to valuable property.

    Ntawukiruwabo Ramadhan the deputy Director of SOPECAF factory says, the damage caused to the factory is valued at over Frw670Million.

    Mr. Ntawukiruwabo explained that the damage will affect production.

    He calls upon government to help because the factory was in the process if paying a bank loan.

    It is also alleged that 5 houses built in the vicinity of SOPECAF factory have also been destroyed leaving families homeless.

    The most affected areas include, Rubona, Rushubi villages in Nyamyumba sector of Rubavu district.

    Residents of these areas complained that the Factory was built in the water path.

  • Girl Arrested For Using Stolen Cheque

    A19-year old girl Philomene Tuyisenge has been arrested for using a stolen cheque which belonged to Quincaillerie Eco-Marche to withdraw Frw 200,000 from Rwanda Commercial Bank (BCR) on October 17 in Nyarugenge District.

    Tuyisenge is currently detained at Muhima Police Station to help in Investigations.

    However, she claims to have been duped by her friend Angelique Vumiliya, 25, and an unknown man but denies having any role in pinching of the cheque book.
    Philemone_Tuyisenge_who_was_arrested_with_a_stolen_cheque.jpg

  • Girl Arrested For Using Stolen Cheque

    A19-year old girl Philomene Tuyisenge has been arrested for using a stolen cheque which belonged to Quincaillerie Eco-Marche to withdraw Frw 200,000 from Rwanda Commercial Bank (BCR) on October 17 in Nyarugenge District.

    Tuyisenge is currently detained at Muhima Police Station to help in Investigations.

    However, she claims to have been duped by her friend Angelique Vumiliya, 25, and an unknown man but denies having any role in pinching of the cheque book.
    Philemone_Tuyisenge_who_was_arrested_with_a_stolen_cheque.jpg

  • Rwanda Demands Investigation into Murder Of Turatsinze

    Rwanda is demanding an investigation into the October 15 murder of Theogene Turatsinze, a Rwandan who was found dead in Maputo, Mozambique.

    Tthe High Commission of Rwanda to the Republic of Mozambique said in a condemnation statement,“The Government of Rwanda has called upon the Government of Mozambique to investigate the case and bring the culprits to book and is committed to follow it up and support the family during this trying time.”

    “He was an active member of the Rwandan Diaspora in Mozambique…had become a role model for a …. number of young Rwandans who had got employed in his consultancy firm,” it added.
    fgr.jpg

    Turatsinze Last Moments

    According to the Rwandan Mission in South Africa, On 12th October 2012, after dropping some of his business partners at hotel,Turatsinze went home for few minutes and then left for another meeting following a phone call that he received.

    Turatsinze had another meeting with the wife who called him to find out why he was not coming.

    She called him only to find out he was not free to talk and apparently close to sea. She could hear the wind of the sea.

    It is alleged that Later on,she called him again to find out but the phone was off.

    An sms was later sent to her saying ” Darling, you know i love you. Please pray for me. I am in a difficult situation.”.

    As time clocked away, she decided to contact the police with her family. Patrol was conducted throughout the beach until his car was found about 7 kms from the beach in a good condition.

    On sunday 14th October 2012, in the wee hours of the morning, a body was found on the ocean and dropped to the mortuary and the family identified the body.

    The body is to be flown for burial to Rwanda. Arrangments are being finalized.

    Investigations are going on to determine the culprit.

  • Rwanda Demands Investigation into Murder Of Turatsinze

    Rwanda is demanding an investigation into the October 15 murder of Theogene Turatsinze, a Rwandan who was found dead in Maputo, Mozambique.

    Tthe High Commission of Rwanda to the Republic of Mozambique said in a condemnation statement,“The Government of Rwanda has called upon the Government of Mozambique to investigate the case and bring the culprits to book and is committed to follow it up and support the family during this trying time.”

    “He was an active member of the Rwandan Diaspora in Mozambique…had become a role model for a …. number of young Rwandans who had got employed in his consultancy firm,” it added.
    fgr.jpg

    Turatsinze Last Moments

    According to the Rwandan Mission in South Africa, On 12th October 2012, after dropping some of his business partners at hotel,Turatsinze went home for few minutes and then left for another meeting following a phone call that he received.

    Turatsinze had another meeting with the wife who called him to find out why he was not coming.

    She called him only to find out he was not free to talk and apparently close to sea. She could hear the wind of the sea.

    It is alleged that Later on,she called him again to find out but the phone was off.

    An sms was later sent to her saying ” Darling, you know i love you. Please pray for me. I am in a difficult situation.”.

    As time clocked away, she decided to contact the police with her family. Patrol was conducted throughout the beach until his car was found about 7 kms from the beach in a good condition.

    On sunday 14th October 2012, in the wee hours of the morning, a body was found on the ocean and dropped to the mortuary and the family identified the body.

    The body is to be flown for burial to Rwanda. Arrangments are being finalized.

    Investigations are going on to determine the culprit.

  • EAC Joint Military Exercises Start

    East African Community (EAC) member states have been urged to conclude all negotiations and ratify regional defence protocols.

    The call was made by Rwanda’s Defense Minister Gen. James Kabarebe while officially opening ‘Ushirikiano Imara 2012’ -the the joint EAC military field training exercise at the Rwanda Military Academy-Gako.

    About 1,680 armed forces personnel and civilians will be held at Rwanda Military Academy-Gako, in eastern province as well as Lake Kivu in Rubavu District in Western Province.

    Ushirikiano Imara 2012 exercise is aimed at improving capabilities of EAC partner states’ armed forces to combat complex security challenges that might besiege the region.

  • EAC Joint Military Exercises Start

    East African Community (EAC) member states have been urged to conclude all negotiations and ratify regional defence protocols.

    The call was made by Rwanda’s Defense Minister Gen. James Kabarebe while officially opening ‘Ushirikiano Imara 2012’ -the the joint EAC military field training exercise at the Rwanda Military Academy-Gako.

    About 1,680 armed forces personnel and civilians will be held at Rwanda Military Academy-Gako, in eastern province as well as Lake Kivu in Rubavu District in Western Province.

    Ushirikiano Imara 2012 exercise is aimed at improving capabilities of EAC partner states’ armed forces to combat complex security challenges that might besiege the region.

  • Kenyan Woman Dies After Wedding in Hospital

    A Kenyan woman whose wedding took place in a ward at Kenyatta National Hospital in Nairobi this week, has died.

    Mrs Agnes Wathanu Muchoki, 54, died on Tuesday night after her wedding to her husband, Mr Peter Muchoki, two days earlier.

    During the interview with a Kenyan Press, a tired Mrs Muchoki, who had cancer, had recalled how doctors, relatives, friends and even journalists witnessed the two love-birds tie the knot before hospital chaplain Fr John Kariba.

    On her wedding, Mrs Muchoki said: “It was wonderful… It was nice… In fact I have no words to describe what happened. I have been pestering my husband for a long time to tie the knot.”

    “Oh, the flowers and the cake..I have also been given a marriage certificate as well as the wedding sacrament by my Catholic church,” she added.

    She had said she was looking forward to being discharged from hospital so she could be near her family on her road to recovery.

    In the story, the mother of seven, had appealed to well-wishers to assist her family.

    She said her first born son, who completed his medical laboratory degree course in 2009, remains unemployed.