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By Richard Adorsu- NEW AFRICA DAILY NEWS (NADN) Accra- Nestlé, IDH the Sustainable Trade Initiative, and TechnoServe have announced the launch of the Developing Inclusive Grain Value Chains programme. The initiative will help 5,000 smallholder farmers earn better livelihoods by supplying high quality maize, soybeans, millet, and sorghum to Nestlé. The seven-month project will enable more inclusive and transparent sourcing of maize, soybeans, millet, and sorghum for Nestlé’s operations in Nigeria. Incorporating smallholders into a value chain like Nestlé’s will not only benefit the farmers, who will see increased incomes from selling into stable and formal markets, but also the company, which will benefit from a steady supply of locally grown crops. The importance of local supply...

By Abdul Rahman Bangura– NEW AFRICA DAILY NEWS (NADN) Freetown, Sierra Leone-  On April  1st, 2021Airtel Africa published the endorsement of approval under which Mastercard – an outstanding trailblazer and international technology corporate payments industry will invest $100m in Airtel Mobile Commerce BV (“AMC BV”), a wholly-owned associate of Airtel Africa. AMC BV is presently the brandishing firm for various of Airtel Africa’s migratory money operations and is aimed at owning and regulate the mobile money businesses across all of Airtel Africa’s fourteen operating countries. The transaction estimates Airtel Africa’s mobile money business at $2.65 billion on a cash and debt-free basis. In this regard, Mastercard will carry a limited stake in AMC BV upon fulfillment of the...

By Richard Adorsu- NEW AFRICA DAILY NEWS (NADN) Accra- The African Continental Free Trade Area (AfCFTA) Secretariat and the UN Development Programme (UNDP) signed a strategic partnership to promote trade as a stimulus for Africa’s socioeconomic recovery from the COVID-19 crisis, and as a driver of sustainable development particularly for women and youth in Africa, in line with the SDGs and Agenda 2063 common vison for the continent. The agreement was sealed by the AfCFTA Secretary General, H.E. Mr. Wamkele Mene, accompanied by Ambassador Fatima Mohammed Kyari, Permanent Observer of the African Union to the United Nations, and by the UN Assistant Secretary-General and Director of the UNDP Regional Bureau for Africa, Ms. Ahunna Eziakonwa. “The AfCFTA is beyond a trade liberalizing...

By Abdul Rahman Bangura– NEW AFRICA DAILY NEWS (NADN) Freetown, Sierra Leone- $229.3 million financing consensus was signed last week between Uganda and the African Development Hank Uganda and the African Development Bank for phase one of the Kampala-Jinja Expressway – a project foreseen to reduce travel time between the two cities and improve trade along the northern corridor which links the country with its neighbors. The dough will fund Expressway Civil Works whose contractor procurement is presently ongoing, for the 95km project whose total cost is $1.48 billion, to be implemented under a Public Private Partnership (PPP) arrangement, Uganda National Roads Authority (UNRA) explains. A private concessionaire will be obtained, for period of 30 years, including an eight-year...