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CPJ’s #WhereIsAzory Campaign Highlights Missing Tanzanian Journalist

first_imgTanzanian freelance journalist, Azory Gwanda, was last seen by his family and friends on November 21, 2017.The Committee to Protect Journalists (CPJ) on Monday, April 8 launched the #WhereIsAzory campaign to bring attention to the case of a Tanzanian freelance journalist Azory Gwanda, as Friday, April 5, 2019, marks 500 days since he was last seen.The campaign intends to raise awareness about Gwanda, and will call on Tanzanian authorities to carry out a credible investigation and publicly account for his fate. Supporters can participate by sharing the hashtags #WhereIsAzory and #MrudisheniAzory on social media.“Azory Gwanda is a freelance journalist reporting about his community, and he must not become just another statistic,” said Angela Quintal, CPJ’s Africa program coordinator.“Through this campaign, we want to ensure that Gwanda’s case becomes a priority for the Tanzanian authorities, and that we get much-needed answers about what really happened to him. Until that time, Tanzanian journalists will not feel safe,” Quintal said in a statement posted on CPJ’s website.Gwanda was last seen by his family and friends on November 21, 2017, according to CPJ research. He told his wife, Anna Pinoni, that he was taking an emergency trip, and would return the next day, but since then, his whereabout has remained unknown.In an interview with Mwananchi newspaper, Pinoni said she thought her husband’s disappearance might be linked to his work reporting on a series of mysterious killings in Tanzania’s Coast region, a view shared by others with whom CPJ has spoken.In Tanzania, journalists and media outlets are wary of retaliation if they are too vocal about Gwanda’s case. When two CPJ representatives were detained overnight and interrogated in Tanzania last year, they were specifically asked about their interest in Gwanda. His disappearance comes amid declining press freedom in the country, including government-ordered media shutdowns, fines, restrictive regulations, and arbitrary arrests of journalists.Share this:Click to share on Twitter (Opens in new window)Click to share on Facebook (Opens in new window)last_img read more

Jaiprakash Associates gets RBI nod to exchange USD 150 mn bond

first_imgNew Delhi, Nov 1 (PTI) Debt-ridden Jaiprakash Associates today said the RBI has approved the companys plan to exchange existing convertible bonds worth USD 150 million due in 2017 with those maturing in 2020-21.The bondholders had already approved the proposed exchange offer in June this year.In a filing to the BSE, Jaiprakash Associates informed that “the RBI has approved the proposed exchange offer on October 30”.In terms of the notice and the extraordinary resolution, the company and the lead bondholders have agreed to further extend the “long stop date” to November 30, it added.The company said its finance committee of board of directors will meet on November 16 to take necessary steps in this regard.In June, Jaiprakash Associates had said that bondholders agreed to exchange outstanding existing foreign currency convertible bonds (FCCBs) worth USD 150 million. The bonds were issued in September 2012 with maturity in 2017 and a coupon rate of 5.75 per cent.As per the proposal, the bondholders agreed to exchange their current bonds with FCCBs worth USD 38.64 million bearing the same coupon rate with maturity in 2021 and amortising bonds worth USD 81.69 million with coupon rate of 4.76 per cent and maturity in 2020.The company agreed to make certain upfront payments to bondholders who decided to waive defaults of existing bonds under this proposed exchange offer, subject to certain conditions, including the approval from the RBI.Jaypee Group is facing a debt crisis and its group firm Jaypee Infratech has been taken over by a National Company Law Tribunal (NCLT)-appointed IRP (Insolvency Resolution Professional) for recovery of bad loans.advertisementThe group is facing huge protest from home buyers due to significant delays in delivery of projects and doubt over its financial health.Jaiprakash Associates, which is the flagship company of the Jaypee group, is selling its assets to repay debt.It is a diversified infrastructure company engaged in segments like engineering, construction and real estate development, cement manufacturing, hospitality and sports management.In a notice to shareholders for the annual general meeting (AGM) held on September 23, Jaiprakash Associates had said it has taken various steps to reduce its debt, including sale of cement plants.The company has divested a substantial portion of its cement business with a capacity of 17.2 MTPA (million tonnes per annum) to Aditya Birla Group firm UltraTech Cement at an enterprise value of Rs 16,189 crore.It also plans to sell entire 74 per cent stake in Bhilai Jaypee Cement Ltd for an enterprise value of Rs 1,450 crore and the deal is expected to be concluded by year-end.Bhilai Jaypee Cement owns 1.1 MTPA clinker plant at Satna in Madhya Pradesh and 2.2 MTPA cement grinding unit at Bhilai, Chhattisgarh. PTI MJH MKJlast_img read more