Blog 1 Column

By Richard Adorsu- NEW AFRICA DAILY  NEWS (NADN) Accra, Ghana- The International Chamber of Commerce (ICC) and Africa investor (Ai) are joining forces to launch a digitally empowered eTrade initiative to enable the digitization of five million micro small and medium-sized enterprises (SMEs) in Africa. Announced at the second Africa investor Global Trade Organization Leaders’ Summit by ICC Secretary General John W.H. Denton AO and Hubert Danso, Chairman of Africa...

By Abdul Rahman Bangura–  NEW AFRICA DAILY NEWS (NADN) Freetown, Sierra Leone- Egypt has sizably traded additional auxiliary pacts to insure itself against a surge in oil costs, as some importers strive to take expectation of this year’s tax defeat during the 2020-2021 fiscal year ending in June, Finance Minister – Mohamed Maait let out in a talk. “We did a huge number of hedging contracts,” Maait said from his office in Cairo, without disclosing the size of the...

By Abdul Rahman Bangura–  NEW AFRICA DAILY NEWS (NADN) Freetown, Sierra Leone-  The International Renewable Energy Agency (IRENA) and the African Development Bank approved together to subsidize venture in low carbon energy projects – a motion predicted to promote Africa’s energy evolution. In an assertion, the entities proclaim, they ratified a statute of purpose to coordinate on a spectrum of activities, including co-organizing renewable energy investment forums as part...

By Abdul Rahman Bangura–  NEW AFRICA DAILY NEWS (NADN) Freetown, Sierra Leone- Sosten Gwengwe, Melawi’s Minister of Trade concedes that, smuggling is a primary menace to the local industry. Smuggling is the unlawful importation or exportation of goods subject to customs control. Cutrate Traders Acting General Manager – Austin Majawa, whose company is a distributor of cooking oil in the Eastern Region, said since the introduction of Value Added Tax (VAT), cooking...