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By Abdul Rahman Bangura– NEW AFRICA DAILY NEWS (NADN) Freetown, Sierra Leone- Angola’s Parliament on September 1st, 2021 ratified a law to strengthen the central bank’s sovereignty by rewriting the way the governor is designated and the statute of the bank. During a meeting of the central bank’s monetary policy committee since the law was approved, its members evaluated which of its exiting instruments may have to change to fit the shift, Massano stated. The new law elucidates our mission. “which is to guarantee price stability in the economy. Therefore, our instruments will also have to be recalibrated,” he announced. “The interest rate must really convey our intentions.” Inflation in Africa’s third-largest oil producer spurted to a five-year high in August despite a 450 basis...

By Abdul Rahman Bangura– NEW AFRICA DAILY NEWS (NADN) Freetown, Sierra Leone- The African Development Bank (AfDB) asserted in an announcement tagged ‘African Legal Support Facility celebrates achievements as it begins new 14-year mandate.’ The statement read, “African leaders lauded the African Legal Support Facility for helping governments avert billions of dollars in losses from business deals, and urged it to extend support to tackling illicit financial flows.” It expanded, “At a high-level conference to review the facility’s achievements over the last decade, speakers including experts and business leaders, expressed confidence that the African Legal Support Facility was well-placed to advance Africa’s asset recovery and repatriation.” Thabo Mbeki – an erstwhile President of South...

By Richard Adorsu- NEW AFRICA DAILY NEWS (NADN) Accra GHANA – The African Development Bank (AfDB), in partnership with the Nordic Development Fund and the Government of Denmark will roll-out a program to strengthen access to climate-resilient water and sanitation resources in Burkina Faso, Ethiopia, Mali, Niger and Somalia. The initiative is expected to strengthen recovery in the wake of the Covid-19 pandemic. The new initiative will enhance the sustainability of water systems through the construction or upgrade of existing infrastructure. The program will also support feasibility studies to prepare bankable projects that contribute to increased financing for water, sanitation and hygiene services, improving human health, child education and economic productivity....

By Abdul Rahman Bangura– NEW AFRICA DAILY NEWS (NADN) Freetown, Sierra Leone- - The African Development Bank (AfDB), in partnership with the Nordic Development Fund and the Government of Denmark will roll-out a program to strengthen access to climate-resilient water and sanitation resources in Burkina Faso, Ethiopia, Mali, Niger and Somalia. The initiative is expected to strengthen recovery in the wake of the Covid-19 pandemic. The new initiative will enhance the sustainability of water systems through the construction or upgrade of existing infrastructure. The program will also support feasibility studies to prepare bankable projects that contribute to increased financing for water, sanitation and hygiene services, improving human health, child education and economic productivity....