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By Abdul Rahman Bangura– NEW AFRICA DAILY NEWS (NADN) Freetown, Sierra Leone– Osinbajo has been appointed as the Chairman of the Board of Directors of Climate Action Platform for Africa (CAP-A), a public benefit organization working to open Africa’s potential as an international intersection for climate action. CAP-A announced the appointment of Osinbajo in a statement on Tuesday…CAP-A’s work...

By Richard Adorsu- NEW AFRICA DAILY NEWS (NADN) Accra Ghana- The African Development Bank and Google have formalized cooperation aimed at advancing digital transformation in Africa. The parties signed a Letter of Intent during the Global Africa Business Initiative at the United Nations General Assembly in New York. The agreement underscores a shared commitment to harness emerging...

By Abdul Rahman Bangura– NEW AFRICA DAILY NEWS (NADN) Freetown, Sierra Leone– “The reason people are accumulating dollars is not because they need it now, it is because of lack of confidence,” Elumelu let out in an interrogation with Bloomberg TV in New York. The new central bank team is “very capable” and will be able to bring confidence, he told. Elumelu, who is the Chairman of the United...

By Abdul Rahman Bangura– NEW AFRICA DAILY NEWS (NADN) Freetown, Sierra Leone– Africa International Exhibition at the just concluded 78th United Nations General Assembly Intra-African Trade Bank – Kanayo Awani Afreximbank’s Executive Vice President divulged that SMEs’ participation in global trade faced huge contest from multinationals which sees their chances of growth limited. She...

By Abdul Rahman Bangura– NEW AFRICA DAILY NEWS (NADN) Freetown, Sierra Leone– Reserve Bank of Malawi (RBM) notices stopping the sale of cash export profit to foreign exchange bureaux, virtually banning people who get foreign currency directly from exporters from swapping it with kwachas in the bureaux. The Central Bank must protect the forex market and foster responsibility in the collection...

By Abdul Rahman Bangura– NEW AFRICA DAILY NEWS (NADN) Freetown, Sierra Leone– Intending for of advancing oil and gas projects across oil-producing member nations, Dr. Omar Ibrahim – Secretary General of APPO disclosed in alliance with Afreximbank in a press conference carried on the sidelines of the 24th World Petroleum Congress in Calgary Canada that the creation of the bank is planned to...

By Abdul Rahman Bangura– NEW AFRICA DAILY NEWS (NADN) Freetown, Sierra Leone– “This financing is the first of two successive operations to support the general budget for fiscal years 2023 and 2024, each worth around $20 million,” AfDB report sent out on Monday September 18th, 2023. The program is geared towards to sponsor reforms in two main areas: improving the favorable environment for the...