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By Abdul Rahman Bangura – NEW AFRICA DAILY NEWS ( NADN ) Freetown, Sierra Leone- The Executive Board of the International Monetary Fund (IMF) has endorsed the issuance of $115.1 million to Chad to be delineated under the Rapid Credit Facility; the outbreak of COVID-19 and the decline in global oil tolls are remembering a drastic monetary and public trauma on Chad; the government of Chad has put up with tough regulations to thwart the nation spread of the virus and is readying a financial scheme to mitigate the consequence of the pandemic. The Executive Board of the International Monetary Fund (IMF) has on Wednesday April 15th, 2020 agreed a distribution under the Rapid Credit Facility (RCF) analogous to SDR 84.12 million (about $115.1 million, or 60 percent of quota) to enable Chad...

By Abdul Rahman Bangura – NEW AFRICA DAILY NEWS ( NADN ) Freetown, Sierra Leone- The fixed advanced cadence of the sociable growth and financial modification of a government, precisely improving governments, it is yet dangling on an influential fiscal system of governance, feasible monetary partnership, bilateral/multilateral connections and influenced oriented foreign direct investments and the more. Supposedly, a thrift that is provoked or controlled by a specified political will; navigated by the heart of improvement sanguinity, will to a vaster breadth, tolerate perpetual financial progress and increased average of tenancy that entirely effect the lives of the nation. Growth in any nation cannot be facilitated in privacy. In effect, therefore; it is nurtured by transnational...

By Abdul Rahman Bangura – NEW AFRICA DAILY NEWS ( NADN ) Freetown, Sierra Leonne- LIBERIA, The Director-General of the National Fisheries and Aquaculture Authority (NaFAA) divulged that all is outlined for the setting up and succeeding operation of a state of the art fisheries competent laboratory (Post-Harvest and Quality Assurance) in Liberia. The laboratory paraphernalia has reached in Monrovia under the Icelandic project. Mrs. Emma M. Glassco from a press release, pointed out that Liberia is a coastal state with the second-longest coastline in the sub-region next to Nigeria. “Although Liberia is very rich in high-value commercial quantities of both demersal and pelagic fish stocks, the country has lost its exporting powers to international fish markets due to the failure to...

By Abdul Rahman Bangura – NEW AFRICA DAILY NEWS ( NADN ) Freetown, Sierra Leonne- President of the Republic of South Africa, who’s doubling as the African Union Chairman – Cyril Ramaphosa, has designated Ngozi Okonjo-Iweala, Donald Kaberuka, Tidjane Thiam and Trevor Manuel as Special Envoys of the African Union to line up global aid for Africa’s actions to deal with the economic challenges African nations will face as a consequence of the Novel Coronavirus pandemic. The Special Envoys will be commissioned with demanding immediate and genuine permission as guaranteed by the G20, the European Union and other multinational financial establishments. African Union Chairperson noted: “In the light of the devastating socio-economic and political impact of the pandemic on African...