Blog 1 Column

By Abdul Rahman Bangura – NEW AFRICA DAILY NEWS ( NADN ) Freetown, Sierra Leone- Windfalls to the Maritime Sector of Nigeria, as the sector earned a prominent upswing as the recently developed multimillion dollars state of the art Mobile Harbor Cranes (MHCs) by APM Terminal and were commissioned by Hadiza Bala Usman – Managing Director of Nigeria Ports Authority. Besides, the cranes are fraction of APM Terminals’ supplementary interest of $80 million (N33.6billion) for...

By Abdul Rahman Bangura – NEW AFRICA DAILY NEWS ( NADN ) Freetown, Sierra Leone- The Executive Board of the International Monetary Fund(IMF) has recommended the allotment of $130 million (SDR 95.680 million) to be brought out under the Rapid Credit Facility to boost Mauritania to withstand with the Novel Coronavirus (COVID-19) pandemic. The financial and public effect of the plague is hastily scary, with a constriction of outcome foreseen in 2020. The IMF’s disaster aid,...

By Richard Adorsu- NEW AFRICA DAILY NEWS (NADN) Accra, Ghana- AUDA-NEPAD Chief Executive Officer Dr. Ibrahim Assane Mayaki and Ecobank Group Chief Executive Officer Mr. Ade Ayeyemi have agreed to collaborate on a Continental initiative to support African Micro and Small-Medium Enterprises (MSMEs) as they face the economic and social challenges posed by the COVID-19 pandemic. The objectives of the initiative are to create a one-stop platform which will address the issues,...

By Abdul Rahman Bangura – NEW AFRICA DAILY NEWS ( NADN ) Freetown, Sierra Leone- A department of the Commercial International Bank (CIB) Egypt – the lender has earned majority stake in Mayfair Bank. The Commercial International Bank of Egypt (CIB) has finalized the 51% obtainment of Tier III lender Mayfair Bank – the Central Bank of Kenya (CBK) verified on Friday, April 24th, 2020. The Central Bank of Kenya has authorized the agreement enabling the London...