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By Abdul Rahman Bangura– NEW AFRICA DAILY NEWS (NADN) Freetown, Sierra Leone- Prior to the Africa Development Bank General Meeting slated for August 27th, of this year, Nigeria has virtually made twice as much its franchise sovereignty in the African Development Bank (AfDB) to 16.8% before August 27th 2020. The English West Africa nation’s voting power was recently 8.5%, according to discoveries on the AfDB’s website. According to the news on August 23rd, 2020 Nigeria increased its franchise power by reimbursing subscriptions it had sworn as part of a general capital before the January deadline. AfDB Group President-Dr. Akinwunmi Adesina is pursuing re-election as the head of the lender after being liberated of allegations of malfeasance. The motion is anticipated to strengthen...

By Richard Adorsu- NEW AFRICA DAILY NEWS (NADN) Accra- Leadership of the African Travel and Tourism Association (ATTA) says it is creating synergies among trade industries to promote Africa as the destination for health, and investment tourism. The newly formed group which launched the Ghana chapter, will harness the huge tourism potentials in Ghana and Africa into economic development for total benefit of the continent. It observes Africa is endowed with enormous tourism potentials, however, little is realized from tourism. President, Emmanuel Boateng, says the association will build the capacities and knowledge base of members to be globally competitive in the industry. “We would also focus on hospitality, tour operators, the business community and health because we would want to...

By Richard Adorsu- NEW AFRICA DAILY NEWS (NADN) Accra- The University for Development Studies (UDS) has collaborated with the United Kingdom (UK) and Economic Commission of West African States (ECOWAS) to develop a project that will help establish a food systems and export network for peasant farmers to help boost agricultural business in the sub-region. The six-month project, dubbed Ghana-ECOWAS Food Systems and Export Network (UKEFSEN), targeting smallholder farmers is to create market opportunities and also enable them to own 40% of the market for home-grown food crops. The collaboration was unveiled at an event held at UDS International Conference Centre. It was organized by the Department of Climate Change and Food Security at UDS in collaboration with management of the...

By Abdul Rahman Bangura– NEW AFRICA DAILY NEWS (NADN) Freetown, Sierra Leone- Governor of the Reserve Bank of Zimbabwe authorized mobile money corporations to stave off the registration of multiple individual wallets, that are being utilized as a chutes for escaping regulatory agreement limits by illegal money dealers in its latest mid term monetary policy statement released August 21st, 2020 noted Dr. John Mangudya. The Reserve Bank of Zimbabwe recorded the drawbacks in the operations of the mobile payment operators, namely: Ecocash, OneMoney, Telecash and Mycash in its forensic audit ushering to a raft of solutions. On June 27th, 2020, the RBZ annulled and froze dealer and bulk-payer wallets to reduce the rapid spiraling of the exchange rate on the black market but since then,...