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By Richard Adorsu- NEW AFRICA DAILY NEWS (NABN) Accra- Kenya Revenue Authority (KRA) has recorded the highest revenue performance rate since the beginning of the Financial Year 2020/2021 after collecting Kshs 144.6 billion in March 2021 surpassing the revenue target. This is an outstanding performance compared to the month of February when KRA collected Kshs 127.7 billion registering a performance rate of 105.1% to surpass its February revenue collection target. Despite the slow economic progression, KRA registered 11.2% revenue growth collecting a surplus of Kshs 6.6 billion in March 2021. This was the fourth month running that KRA posted an improved and above target performance since December 2020. The good revenue performance has been enhanced by the sustained implementation of...

By Abdul Rahman Bangura– NEW AFRICA DAILY NEWS (NADN) Freetown, Sierra Leone- Dr. Ismail Ahmed for a little over a decade now, fled Nairobi for London to expedite into the world of entrepreneurship. He remembered lost his job at the United Nations (UN) in Nairobi where he served as an Advisor on Remittance programs in East Africa. He blew up the whistle on corruption on a remittance program in Somalia, a motion that cost him his job, and that later brought him earning income of £200,000 (Sh 29.8 million) for unreasonable treatment by the UN. With this capital, the entrepreneur founded WorldRemit and enabled navigate it to global success over a decade. In 2020, the organization sent over 50 million customer payments worth roughly $10 billion (Sh 1 trillion) in total. WorldRemit today...

By Richard Adorsu- NEW AFRICA DAILY NEWS (NABN) Accra- The Vice President of Ghana, Dr. Mahamudu Bawumia has launched an innovative Digital Retail Fuel Monitoring System by the National Petroleum Authority (NPA) in Accra. The Fuel Monitoring System, which allows fuel in OMC tanks across the country to be monitored by NPA, will curb illicit activities in petroleum downstreaming, such as unauthorized third party deliveries, fake receipts, smuggling, among others. Under this system, any OMC that receives illegal fuel would be found out. Launching the programme in Accra, Vice President Bawumia commended the NPA for leveraging on government’s digitization drive to create an innovative solution to a major problem in the petroleum industry. “I am particularly delighted that the...

By Abdul Rahman Bangura– NEW AFRICA DAILY NEWS (NADN) Freetown, Sierra Leone- A little over three years into its primary $54 million fund, Algebra Ventures has subsidized in 21 startups, comprising Trella, Elmenus, GoodsMart, and Halan, creating over 20,000 direct and indirect jobs. Its six maximum founded corporations are rated at over $350 million. The company is presently doubling down on its home market, while yet opportunistically investing in the rest of the MEA region. It will proceed to finance inventors who are remaking industries and expressing long-standing problems and will also maintain coin vestments with some of the strongest local, and continue to fulfill outstanding entrepreneurs who address these challenges. I am also motivated by the crucial strides taken by the...