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By Abdul Rahman Bangura–  NEW AFRICA DAILY NEWS (NADN) Accra, Ghana- The Imperial Venture Fund, regulated by Newtown Partners, a US venture capital firm,  previously inferred an investment in Lori Systems in a motion help its growth in East and West Africa. The Imperial and Lori Systems partnership in the Southern African Development Community (SADC) region will enable to develop and improve Africa’s road shipment industry through digital innovation and enablement. “We believe that Lori solves a real problem when it comes to matching volatile demand and reliable supply in Africa’s highly fragmented road freight industry,” announces Mohammed Akoojee – Group Chief Executive Officer of Imperial. “As a business that is concentrated on efficient and innovative logistics and market...

By Abdul Rahman Bangura–  NEW AFRICA DAILY  NEWS (NADN) Freetown, Sierra Leone- Patrick Akinwuntah – Managing Director, Ecobank Nigeria, retains that, Ecobank is willing to partner with extra organizations to seek the chances accessible in the African Continental Free Trade Area (AfCFTA). In his statement at a circumstance in Lagos, brought up that, the Pan African bank was set up mostly for the economic integration and development of Africa, emphasizing that, the bank was inclined to deploy its capacity, platform and network to accomplish the AfCFTA purposes. Akinwuntah noted: “Naturally for us as a Pan African bank, we are set up to support the economic integration and development of Africa. We have a commitment, capacity, network to support the realization of AfCFTA...

By Richard Adorsu- NEW AFRICA DAILY NEWS (NADN) Accra, Ghana- A research report has recommended policy support for Small and Medium Enterprises (SMEs) to be competitive in participating in the African Continental Free Trade Area (AfCFTA). The report said the support should focus on cheaper and more innovative trade finance products, trade policy, trade infrastructure, improved capacity, trade information and facilitation, market access for growth and expansion of SMEs in the country. Ghana was selected as the country to host the secretariat of the AfCFTA, which starts in 2021. The AfCFTA provides the opportunity for Africa to create the world’s largest free trade area, with the potential to unite 1.3 billion people, in a $2.5 trillion economic bloc in ushering in a new era of...

By Abdul Rahman Bangura– NEW AFRICA DAILY NEWS (NADN) Freetown, Sierra Leone- Private sector investment in Benin, Burkina Faso, Chad and Senegal, will be enhanced seeking European Investment Bank assistance for the nations in their membership and share capital improvement in the African Trade Insurance Agency (ATI). In furtherance of this, the West and Central African nations of Burkina, Chad and Senegal will enlist eighteen African states including Benin, who is already a member, where business investment, job creation and access to finance has been increased by targeted investment insurance. As seen elsewhere across Africa, ATI membership will ameliorate to address the economic, social and health challenges caused by the Novel Coronavirus (COVID-19). Therefore, pacts for €60 million...