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By Richard Adorsu- NEW AFRICA DAILY NEWS (NADN) Accra, Ghana- Policy and advocacy think tank, AfroChampions, is urging African Trade Ministers to convene a virtual summit under the aegis of the African Union to keep on track the operation of the African Continental Free Trade Area (AfCFTA) amidst the Coronavirus pandemic. According to the policy group, this high-level meeting would be an...

By Abdul Rahman Bangura – NEW AFRICA DAILY NEWS ( NADN ) Freetown, Sierra Leone- Wamkele Mene, the scribe of the Africa Continental Free Trade Area (AfCFTA) disclosed the postponement of the undertaking of the AfCFTA authorization slated for July 1, 2020, recounting the Novel Coronavirus (COVID-19) pandemic. “It is obviously not possible to commence trade as we had intended on July 1st,...

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...

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...

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...

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,...

By Abdul Rahman Bangura – NEW AFRICA DAILY NEWS ( NADN ) Freetown, Sierra Leone- SOUTH AFRICA, shortly after President Cyril Ramaphosa announced that, the Novel Coronavirus pandemic lockdown will be ease on May 1st, 2020 Political parties and trade unions all touted President Cyril Ramaphosa for his timely statement in an overture; for the South Africa government to strengthening the...