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By Abdul Rahman Suagibu – NEW AFRICA DAILY NEWS, Freetown, Sierra Leone- NIGERIA, United Bank for Africa (UBA) Plc has divulged the official launch of UBA Connect – a new product and service that “enables the customers of the bank to conduct traditional banking transactions at any UBA branch in the twenty African countries where the bank operates.” This service is to build intra-Africa trade as cash withdrawal could be done in local currencies within the continent, as deposits could also be made at any locations irrespective of where the account is homed. The service is available to both customers and non-customers according to a report. The Chief Executive Officer UBA Africa – Oliver Alawuba, stated, “Africa stands to benefit substantially from intra-Africa trade, which...

By Abdul Rahman Suagibu – NEW AFRICA DAILY NEWS, Freetown, Sierra Leone- In England, African Development Bank (AfDB) President Dr. Akinwumi Adesina, has praised the United Kingdom’s Department for International Development (DFID) over its investments in the bank. He made the glorification while speaking at the at the UK-Africa Investment Summit, “Sustainable Infrastructure Forum.” Stressing that, the DFID is a key strategic partner of the AfDB, Adesina pronounced that since the DFID joined the bank in 1983, its “strong and consistent support for the African Development Fund has helped us to support the development of low-income states, especially the fragile states.” The AfDB said, with the DFID’s support; the AfDB through its operations, in the last four years “has helped to connect...

BY ANIN AGYEI- NEW AFRICA DAILY NEWS, Accra- GHANA CASE involving the commercial release of the first batch of genetically modified organisms (GMOs) in three crops in Ghana, is scheduled for hearing at the Accra Human Rights Court on Thursday, January 30, 2020. Food Sovereignty Ghana (FSG) and three others are sued the government of Ghana represented by the Ministry of Environment, Science, Technology and Innovation, the Ministry of Food and Agriculture, the National Biosafety Authority and the Attorney-General’s Department. It would be recalled that attempts to throw out this case in which one of the defendants sought to challenge a High Court ruling on the court’s jurisdiction to hear a petition brought before it, was rejected by the Supreme Court in a ruling which upheld the fact...

By Abdul Rahman Suagibu – NEW AFRICA DAILY NEWS, Freetown, Sierra Leone- RWANDA, President of the African Export Import (Afreximbank) – Benedict Oramah, has pronounced $500 million in support to the production and trade of African cultural and creative products over the next two years. President Oramah intimated his audience at the Creative Africa Exchange Weekend (CAX WKND) that was held in Kigali that the funds, would be directly directed to build on what the bank has been already doing. And would be obtainable lines of credit to banks, direct financing to operators and as guarantees. He stated that, the creative economy was additionally recognized as an important sector and meaningful contributor to Africa’s Gross Domestic Product(GDP) and that the cultural and creative...