Latest news with #SEEG
Arab News
5 days ago
- Business
- Arab News
Power outage hits Gabonese capital
SEEG said it had managed to restore power to around half of its customers in the capitalFor several months last year, electricity supply was disrupted due to significant infrastructure problemsLIBERVILLE: Gabon's capital Libreville was without electricity for several hours Wednesday following a 'major technical incident,' the national energy supplier early morning power outage 'resulted in the loss of all production facilities in the Libreville Interconnected Network (RIC),' the Gabonese Water and Energy Company (SEEG) said without giving further said it had managed to restore power to around half of its customers in the capital 'by early morning,' adding its teams were working to find and analyze the fault, which AFP reporters said also cut Internet and mobile phone Monday, the Gabonese presidency had announced the end of an interim administration of SEEG started in August on the back of a slew of supply of Wednesday, 'management of SEEG will be fully transferred' and it will return to its majority shareholder, the Gabonese Strategic Investment Fund (FGIS), the company several months last year, electricity supply was disrupted due to significant infrastructure problems.A rotating load shedding system was established leading to supply cuts in entire neighborhoods for hours at a time, to enable power supply for other parts of the city.A protocol signed between the Gabonese government and Turkish firm Karpowership for supply of 70 megawatts via two floating power plants to cover greater Libreville saw the situation improve in recent the network is a top priority for Gabon's leader Brice Oligui Nguema, a general who overthrew the Bongo dynasty and won 94.85 percent of the vote in April's election, 19 months on from his August 2023 this month he vowed to provide 'universal access' to drinking water and electricity.
Time of India
6 days ago
- Lifestyle
- Time of India
Power outage hits Gabonese capital
AI- Generated Image Gabon's capital Libreville was without electricity for several hours Wednesday following a "major technical incident", the national energy supplier said. The early morning power outage "resulted in the loss of all production facilities in the Libreville Interconnected Network (RIC)", the Gabonese Water and Energy Company (SEEG) said without giving further details. SEEG said it had managed to restore power to around half of its customers in the capital "by early morning", adding its teams were working to find and analyse the fault, which AFP reporters said also cut internet and mobile phone coverage. On Monday, the Gabonese presidency had announced the end of an interim administration of SEEG started in August on the back of a slew of supply cuts. As of Wednesday, "management of SEEG will be fully transferred" and it will return to its majority shareholder, the Gabonese Strategic Investment Fund (FGIS), the company stated. For several months last year, electricity supply was disrupted due to significant infrastructure problems. A rotating load shedding system was established leading to supply cuts in entire neighbourhoods for hours at a time, to enable power supply for other parts of the city. A protocol signed between the Gabonese government and Turkish firm Karpowership for supply of 70 megawatts via two floating power plants to cover greater Libreville saw the situation improve in recent months. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Roar into Style! Leopard Print Slim Fitting Dress! Undo Unleash Your Wild Side: Leopard Print Slim Dress! Undo Level Up Your Look: Men Tracksuit with Hoodie! Undo Get the Look: Rhinestone Juicy Sweatsuit - Shop Modefash! Undo Complete Your Look: Women's 3-Piece Sweatsuit - Undo Chic Comfort! Women's 3-Piece Sweatsuit. Undo Shop Exclusive Deals & Save Big! Undo Modefash: Ultimate Comfort - Men's Tracksuit with Hoodie! Undo Sparkle & Shine: Trending Rhinestone Juicy Sweatsuit! Undo Don't Miss Out! Exclusive Deals at Undo Revamping the network is a top priority for Gabon's leader Brice Oligui Nguema, a general who overthrew the Bongo dynasty and won 94.85 percent of the vote in April's election, 19 months on from his August 2023 coup. Earlier this month he vowed to provide "universal access" to drinking water and electricity.
Yahoo
6 days ago
- Business
- Yahoo
Why Is NeuroPace Stock Falling After Epilepsy Treatment Study Data?
NeuroPace, Inc. (NASDAQ:NPCE) released preliminary primary endpoint one-year results of the two-year NAUTILUS study evaluating safety and effectiveness of the RNS System for drug-resistant idiopathic generalized epilepsy (IGE). The study met its primary 12-week post-implant safety endpoint, demonstrating a low rate of serious adverse events related to the device and implant procedure. The study did not reach statistical significance for the primary effectiveness endpoint in the overall study population, which was to show a longer time to a second generalized tonic-clonic seizure in the active stimulation group compared to the sham stimulation the data did show a clinically meaningful and statistically significant response in the primary effectiveness endpoint within a subgroup of patients with lower baseline frequency of generalized tonic-clonic seizures, representing most trial participants. Additionally, the company said that within the entire trial population, clinically relevant data, including median percent seizure reduction, responder rates, and improvement in seizure-free days, showed numerically robust and clinically meaningful improvements over the first year of treatment and continued in those who have progressed to the second year. The company will engage with the FDA to discuss regulatory pathways based on the data. These discussions may include the possibility of utilizing the overall median seizure reduction data across the full study population and pursuing a more targeted indication focused on patients with lower baseline seizure frequency who may represent a majority of IGE patients. In April, NeuroPaces terminated its distribution relationship for SEEG products and will begin winding down the relationship in the fourth quarter of 2025 and continuing through the first quarter of 2026. NeuroPace announced three-year effectiveness data from the Post-Approval Study (PAS) of the RNS System in April. The data showed an 82% median reduction in seizures in adults treated with brain-responsive stimulation for drug-resistant focal epilepsy and seizure freedom, with 42% of patients remaining seizure-free for 6+ months. Sales grew 24% to $22.5 million in the first quarter of 2025. RNS System revenue grew 29%, excluding revenue from implants in the NAUTILUS study in the first quarter of 2024. Increased sales of the RNS System primarily drove the company's revenue growth. The company also continued to generate meaningful revenue from sales of SEEG products. NeuroPace raised the fiscal year 2025 sales guidance from $92 million-$96 million to $93 million-$97 million compared to the consensus of $93.64 million. Price Action: NPCE stock is down 33.90% at $11.68 at the last check Tuesday. Read Next:Up Next: Transform your trading with Benzinga Edge's one-of-a-kind market trade ideas and tools. Click now to access unique insights that can set you ahead in today's competitive market. Get the latest stock analysis from Benzinga? This article Why Is NeuroPace Stock Falling After Epilepsy Treatment Study Data? originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved. Sign in to access your portfolio
eNCA
06-05-2025
- Business
- eNCA
Gabon's new president faces tough economic challenges
LIBREVILLE - Big challenges await Gabon's new president Brice Clotaire Oligui Nguema as he takes the reins of a country rich in oil but struggling with debt. The general was sworn in on Saturday after winning 94.85 percent in the April 12 vote in which international observers signalled no major irregularities. His victory followed a 19-month transition after he took power in a coup in August 2023 that ended the 55-year rule of the Bongo dynasty. Following his inauguration in front of around 40,000 people at a stadium near the capital Libreville, Oligui enjoys strong popularity as he begins his term but faces high expectations of economic and social reform. The new 50-year-old president said he measured "with gravity, the immensity of the burden that falls upon him". He campaigned on six "pillars": reform of the water and electricity sector, youth employment through business promotion, housing and transport, social justice and human capital, sustainable development and governance reform. Among the pressing issues is the electrical grid, managed by the public company SEEG, which suffers regular failures due to a lack of investment. Gabon suffers a glaring lack of infrastructure: it has a "highway directorate" but no highways. Despite successive building plans, only 2,000 of its 10,000 kilometres of roads are usable, according to official data. The new head of state has cast himself as a "builder", proudly launching or relaunching numerous construction projects, particularly in Libreville. Campaign posters pictured him wearing a builder's hard hat and public television regularly broadcasts images of buildings under construction. Among the major projects promised during the campaign was a new north-south railway line linking the deep-water port of Mayumba and the Booue hydroelectric dam. Faced with the depletion of its oil resources, Gabon needs to diversify its economy. "There is still dependence on oil," said Francois Gaulme, an associate researcher at the French Institute of International Relations (IFRI). "The economy needs to be diversified, and this has never been done on a large scale." Although oil extraction, the bedrock of the economy, has generated billions of annual profits since the first drilling in the 1950s, Gabon's debt has swelled. From 72 percent of GDP in 2023, it rose to 73 percent in 2024 and is projected to hit 80 percent this year. Oligui pledged in his speech to work with the International Monetary Fund and the World Bank "to better repay our external debt".
