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By Abdul Rahman Suagibu – NEW AFRICA DAILY NEWS, Freetown, Sierra Leone- ZIMBABWE National Road Administration (ZINARA) expended $173 million to road authorities in 2019 as Government binarized endeavors to necessitate an efficient transport system befitting an upper middle income economy by 2030. The process of disbursing followed a directive to the institution’s new board, led by Engineer Michael Madanha, to stop implementing road projects and reverberate to legislated mandate as enshrined in the Road Act. Recipients of the funds were local authorities, department of roads in the Ministry of Transport and Infrastructural Development and the District Development Fund. Precisely, the board also restructured ZINARA following recommendations made in a Grant Thornton forensic audit...

By Abdul Rahman Suagibu – NEW AFRICA DAILY NEWS, Freetown, Sierra Leone- NIGERIA, United Bank of Africa (UBA) Plc in this new year, has enlisted 5,000 and with a lot of excitement as the bank on January 5th 2020 pronounced the promotion of new grades as well as salary additions this January, 2020. Beneficiaries expected to receive 170% salary increment and benefits, whilst many have been catapulted to higher grade levels. In a carefully planned restructuring embarked upon by the bank in the last quarter of 2019, United Bank of Africa has transformed its grading system and processes to become one of the most competitive within the industry. The bank has its grade levels to level twelve from entry level to the top of the pyramid where previously it had been sixteen levels. This means...

BY ANIN AGYEI- NEW AFRICA DAILY NEWS, Accra, GHANA- MTN Group has agreed to sell its towers businesses in Ghana and Uganda as Africa’s biggest mobile phone operator refocuses on high-growth markets on the continent and in the Middle East. Clashes with regulators in Nigeria, Uganda and elsewhere have crimped growth, prompting the company to announce a $1 billion three-year asset-disposal plan earlier this year. MTN said it had agreed to sell its 49% holdings in Ghana Tower Interco B.V. and Uganda Tower Interco B.V. to AT Sher Netherlands Coöperatief U.A. for $523 million. The sale is expected to close in the first quarter of 2020 leaving MTN with a profit of 6 billion rand ($425.74 million). The company also said it had finalized the redemption of MTN Nigeria preference shares, raising...

By Abdul Rahman Suagibu – NEW AFRICA DAILY NEWS, Freetown, Sierra Leone- ANGOLA, Construction of  touristy with particularity to infrastructures may certainly uplift the national economy diversification process, according to the Minister of Tourism – Ângela Bragança. The minister emphasized that, tourism will play a vital role on the development of the Angolan economy, thus, the plenty potentiality to translate the country’s dream into realities via the Tourism Industry – with special partnerships and participations of foreign investors. The Minister added that, Angolans are dire need to see the participation of tourism in the national economy diversification process and creation of new jobs, hence the need for well structured actions linked to sanitation and improvement...