Blog Medium Without Sidebar

By Abdul Rahman Bangura– NEW AFRICA DAILY NEWS (NADN) Freetown, Sierra Leone - Theophilus Mutui – Kenya Plant Health Inspectorate Service (KEPHIS) said, an audit team from Malaysia’s National Plant Protection Organization (NPPO) surmised pest-risk and field examinations at the integrated agro-business firm Kakuzi, in Murang’a county, central Kenya last week as part of the bilateral betrothals. He announced, local avocado farmers and exporters would pretty soon rejoice market diversification opportunity from Malaysia as facet of lasting trade facilitation undertakings by KEPHIS. “Following the success of our venture to China, we are now engaging NPPO from Malaysia, who have undertaken field audits at Kakuzi. Our growers may commence avocado exports to Malaysia early...

By Abdul Rahman Bangura– NEW AFRICA DAILY NEWS (NADN) Freetown, Sierra Leone - This is according to the Airports Council International rankings, Entebbe airport handled 65, 115 tones of cargo is 2021, coming in 6th position. Kenya’s Jomo Kenyatta International Airport is ranked 1st, with 363, 204 tones of cargo, followed by Egypt’s Cairo International Airport with Airport. Olivier Tambo Airport in South Africa 3rd with 304, 018 while Addis Ababa Airport 4th, with 226, 417 tones. Nigeria’s Murtala Mohammed Airport 5th, place with 204, 649 tones. This arrives after the Uganda Civil Aviation Authority last week disclosed that 60,637 metric tons of cargo were handled in the FY 2019/20 and 63,978 metric tones of cargo in the FY 2020/21 (25,038 imports & 38,940 exports). The major...

By Richard Adorsu- NEW AFRICA DAILY NEWS (NADN) Accra Ghana- The head of the Africa Investment Forum, African Development Bank Senior Director Chinelo Anohu, has called for stronger strategic partnerships and greater involvement of African sovereign wealth funds to rebuild the continent’s economies following the Covid-19 pandemic. Anohu made the call while giving a keynote address to Brown Capital Management Forum’s third high-level meeting for Africa sovereign wealth funds. The Africa Investment Forum is Africa’s premier investment marketplace to accelerate transactions that close Africa’s investment gaps. The Wilson Center, a Washington, DC think tank, hosted the two-day event titled Strengthening the Role of African Sovereign Wealth Funds in the International Financial System....

By Abdul Rahman Bangura– NEW AFRICA DAILY NEWS (NADN) Freetown, Sierra Leone - Ashok Chakravarti, a fellow of the Reserve Bank of Zimbabwe’s Monetary Policy Committee (MPC), on Thursday told “the issue of the currency board is being looked at”. Lecturing an economic meeting in the resort city of Victoria Falls, Chakravarti expanded that “it is being considered” to support the embattled Zimbabwean dollar. He asserted that, Zimbabwe would prefer about $700 million to back the percentage of local capital in circulation. According to Investopedia, a currency board is an extreme configuration of a pegged exchange rate. If initiated in Zimbabwe, the currency board will take away the management of the exchange rate and the money supply from RBZ. The banknotes authority will in expansion to a...