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By Richard Adorsu- NEW AFRICA DAILY NEWS (NADN) Accra, Ghana- From agro-processing initiatives to energy, transportation and water and sanitation services, transformative investments by the African Development Bank are paving the way to unlock Africa’s economic potential, according to the 2020 Annual Development Effectiveness Review (ADER). The report, which analyzed the Bank’s contribution to Africa’s development in 2019 is themed Building resilient African economies. Akinwumi Adesina, President, African Development Bank said: “Our goal has been and always will be to transform Africa through investments that make a difference to those who need it most. We are a bank that invests in people. People are our core business. Their quality of life is our greatest return!” The annual report...

By Abdul Rahman Bangura–  NEW AFRICA DAILY NEWS (NADN) Freetown, Sierra Leone- The United Bank for Africa (UBA) restated its obligation to grassroots banking embodying by improving its agency banking network. At a virtual media briefing with journalists from across African countries, the bank’s Group Head – Retail Liabilities, Ogechi Altraide, admitted it has organized agent networks across twenty African countries, to provoke banking nearer to the people. According to her, the bank’s customers across the networks can appreciate UBA banking services right in their neighborhood from its reliable agent. She let out the customers can achieve cash withdrawal, cash transfer, open accounts, and cash deposit. Thus, UBA has also initiated new products, including the click credit where...

By Abdul Rahman Bangura–  NEW AFRICA DAILY NEWS (NADN) Freetown, Sierra Leone- As a facet of its workouts to record Africa Industrialization Day 2020, the African Development Bank (AfDB) has exhorted the African mainland to expedite industrialization for the modification of African thrifts. “Industrialization, where we add value to what we competitively produce and then export, and also trade among ourselves on the back of the African Continental Free Trade Area (AfCFTA) within a market of 1.3 billion people, should be prioritized and delivered,” announced Solomon Quaynor – the bank’s Vice President, Private Sector, Infrastructure & Industrialization, in a statement marking Africa Industrialization Day. Quaynor emphasized that the COVID-19 crisis had honed the necessity to...

By Abdul Rahman Bangura–  NEW AFRICA DAILY NEWS (NADN) Freetown, Sierra Leone- However, from an assertion broadcasted by the Ministry, Soraz Refinery in Zinder, Niger Republic, has an established refining facility of 20,000 barrels per day correlated to the nation’s 5,000bpd household requirement. And this takes off a surplus of 15,000 barrels per day. The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mele Kyari endorsed the MoU on behalf of Nigeria while Alio Toune, Director-General of Niger Republic’s National Oil Company, Societe Nigerienne De Petrole (SONIDEP), approved on behalf of his country. The signing was seen by the Ministers of State for petroleum of the two nations, Timipre Sylva for Nigeria and Foumakoye Gado for Niger Republic. “This is...