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By Abdul Rahman Suagibu – NEW AFRICA DAILY NEWS, Freetown, Sierra Leone- EGYPT, Saudi Telecom Company (STC) has revealed that, it would purchase a 55% controlling stake in Vodafone Egypt for US $2.39 billion on January, 29th 2020. This is a pointer in giving the North African telecom operator a total enterprise value of US $4.35 billion, a statement from STC noted. “The potential acquisition of Vodafone Egypt is in line with our expansion strategy in the MENA region,” stated STC CEO – Nasser al-Nasser in the statement. “The transaction, which is still subject to detailed due diligence, confirms STC’s eagerness to maintain a leadership position not only in the KSA, but also in the wider region. Vodafone Egypt is the leading player in the Egyptian mobile market and we look forward...

By Abdul Rahman Suagibu – NEW AFRICA DAILY NEWS, Freetown, Sierra Leone- ANGOLA  4th quarter of last year, sold in crude oil worth US $ 7.6 billion, arising from the export of 117 million barrels, belonging to Sonangol and the international companies operating in the country. In the 3rd quarter of the same year, (June to September), 116.4 million barrels of oil were sold at an conventional price of US $ 62.8 per barrel, while in the previous period (2nd quarter) there was a decrease; as around 121.8 million barrels were exported, that enabled it to collect US 8.5 billion. Of the production in the fourth quarter of 2019, about 39% equivalents to a share of Sonangol and the national concessionaire, with the main destinations being China with 72% followed by Spain with 6% and India with...

By Abdul Rahman Suagibu – NEW AFRICA DAILY NEWS, Freetown, Sierra Leone- ZIMBABWE, State mobile network operator – NetOne’s Franchise programme has brooks fruit and by extension moved up towards closest to US$200 million dollars since launch of the programme a little over a year ago. The franchise programme is bent at enabling the telecoms operator’s distribution channels as it creates convenience and efficiency, bringing products closer to the market. Lazarus Muchenje – Chief Executive Officer highlighted, this is also one way of empowering the communities under the firm’s initiatives to heighten entrepreneurship within communities which has seen thousands of jobs being created across the value chains throughout the country. The Franchise programme...

By Abdul Rahman Suagibu – NEW AFRICA DAILY NEWS, Freetown, Sierra Leone- RWANDA, Convention Bureau, summit will bring together about 500 delegates globally to bespeak diverse issues facing the continent in order to proffer solutions. Concordia is a nonprofit and nonpartisan organization founded in 2011 to behallow and speedily heighten, uplifting and sustaining cross-sector partnerships for social impact. However, in 2016 the organization started regional summits starting with America and Europe continents. It is in 2018 that Concordia Africa was formally launched at the annual summit in New York. The occasion was attended by key African leaders, including President Paul Kagame and President Nana Akufo-Addo of Ghana. The summit would bring together Concordia’s global community...