Blog Medium Without Sidebar

By Abdul Rahman Bangura – NEW AFRICA DAILY NEWS ( NADN ) Freetown, Sierra Leonne- The Young Africans administration are in the conclusive phase of venturing on the building of own state of the art stadium constituting a training center, beginning June, 2020 in the Kigamboni area in Dar es Salaam. The club’s Building and Infrastructure Committee secretary-general, Saidi Mrisho -Secretary-General of Yanga’s Building and Infrastructure Committee said to journalists on March 22nd 2020 that, the arena will also have a gym, a 50m Olympic status swimming pool, and other sports facilities. Mrisho noted, 20,000 quantity seater stadium will also have volleyball and basketball courts for both training and matches of teams enthusiastic in camping at their workout center to be noticed...

By Richard Adorsu- NEW AFRICA DAILY NEWS (NADN) Accra, Ghana- Absa Group Ltd has reported improving revenue growth for the 2019 financial year, with headline earnings growing slightly. “We delivered a resilient performance against a challenging macroeconomic backdrop. We maintained balance sheet momentum and growth was broad-based across most businesses,” said Daniel Mminele, Absa Group Chief Executive Officer. Absa Group revenue increased 6% while headline earnings, the measure most analysts use to gauge profit, rose 1% as impairments increased. “Our revenue growth is showing an improving trend, with strong deposit growth of 12% and customer loan growth of 9% for the Group,” said Absa Group Financial Director Jason Quinn. Overall, Absa’s balance sheet, revenue...

By Abdul Rahman Bangura – NEW AFRICA DAILY NEWS ( NADN ) Freetown, Sierra Leonne- Nine airlines express investment to rent out Air Zimbabwe’s double protracted cargo Boeing 777-200ERs aircraft got by Malaysia in an agreement anticipated to yield $400,000 monthly. It is believed that Ethiopian Airlines is discerned to be steering the batch in the lease negotiations. Air Zimbabwe’s assistant administrator, Tonderai Mukubvu of Grant Thornton – Air Zimbabwe’s Deputy Administrator announced on March17th, 2020 that, hiring the airliners and utilizing the income to amass smaller aircraft acquire stabilize healthy trained and provincial services made more sense at the minute than gushing to ascertain multinational trails that are costly to improve. The dividend realizes, would also entitle...

By Abdul Rahman Bangura – NEW AFRICA DAILY NEWS ( NADN ) Freetown, Sierra Leonne- National Bank of Rwanda (NBR) March 19th, 2020 declared openly that, it had put in place $53 Million encouragement capital to boost the liquidity of commercial banks in order to maintain loans to the private sector. These are one of the interventions by the central bank to hamper the impact of coronavirus on the economy. It’s reckoned that, this promising efforts by the Central Bank of Rwanda is anticipated to promote banks with liquidity challenges to operate for short periods of time in a bid to proceed inoculating money into the economy. The fund will be flexible with windows ranging from overnight to 3, 6 and 12 months. “This facility is available for the next six months and shall be disbursed...