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By Abdul Rahman Bangura– NEW AFRICA DAILY NEWS (NADN) Freetown, Sierra Leone- The originator of Africa-focused advisory firm, Brand Leadership – Thebe Ikalafeng established Brand Africa in 2009 as a non-profit civil institution primarily to marshal an agenda for the African continent. May 25th, 2020 the Brand Leadership declared American sports outfits and gear Nike – Nike had carried the top spot for the third year in a row as the most adored brand in Africa, with mobile telecommunications group MTN and industrial conglomerate Dangote seizing top honors among homegrown brands. Established over a decade to occur simultaneously with the 2010 FIFA World Cup which was hosted for the first time on the continent by South Africa, the ‘Brand Africa 100: Africa’s Best...

By Abdul Rahman Bangura– NEW AFRICA DAILY NEWS (NADN) Freetown, Sierra Leone- African Union (AU) affirmed on May 25th, 2020 it has slated to lift up $1 million for its COVID-19 response appropriation, as the fifty-five partner pan-African coalition commemorates the Africa Day. Ascertained by the Chairperson of the African Union Commission – Moussa Faki Mahamat in March 2020 said, the African Union COVID-19 Response Fund seeks to bolster the continental response to COVID-19 and mitigate its socio-economic and humanitarian impact on African populations. “This Africa Day, May 25, all Africans, people of African descent and friends of Africa are encouraged to give a little to the fund,” clarified the AU announcement, regurgitating that a total of one million sets for the...

By Richard Adorsu- NEW AFRICA DAILY NEWS (NADN) Accra- Ghana’s Central Bank leave its key interest rate unchanged at 14.5% on Friday and said it had concluded a $1 billion repo facility with the U.S. Federal Reserve to improve the country’s foreign exchange liquidity. The bank said it expected Ghana’s economy to grow despite the new coronavirus, with preliminary estimates showing economic growth in 2020 was likely to be 2% to 2.5%. Forecasts had been for gross domestic product to grow 6.8% in 2020. Ghana’s budget deficit widened in the first quarter compared with 2019, to 3.4% of GDP compared with a target of 1.04%, mostly due to a shortfall in revenues, Ernest Addison, Governor of the Bank of Ghana, said at the news conference. Addison now expected a downturn in economic growth,...

By Abdul Rahman Bangura– NEW AFRICA DAILY NEWS (NADN) Freetown, Sierra Leone- Cement maker – Athi River Mining (ARM), is staring to expunge off its associates in Rwanda and South Africa, an action that sends it closer to delisting from the NSE. According to the company, they schedule to utilize the revenue from discarding’s to pay off its $284 million deficit owed to creditors in Kenya ($170 million), Tanzania ($110 million), and Rwanda ($4 million). In Rwanda, the corporation is glancing to trade its grinding plant — Kigali Cement plant in Nyarugenge District. Athi River Mining Cement took off leadership in August 2018 after it flunked to fulfill its monetary commitments. The firm was rescinded from trading at the Nairobi Securities Exchange after it went into...