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By Abdul Rahman Suagibu – NEW AFRICA DAILY NEWS, Freetown, Sierra Leone- NIGERIA, Akinwumi Adesina – President of the African Development Bank, has declared that, the biggest thing to happen to Africa is the African Continental Free Trade Area (AfCFTA), saying the free trade area itself is worth over 3.3 trillion dollars. The Bank’s President made the disclosure when addressing State House correspondents in Abuja on 2nd January, 2020 expressed hope that the effective implementation of AfCFTA would take the continent to a greater height. By extension , he nod to concoction for the creation of a single currency by the Economic Community of West African States (ECOWAS), named ‘ECO’, describing it as a great idea. “Obviously being able to trade in various...

By Abdul Rahman Suagibu – NEW AFRICA DAILY NEWS, Freetown, Sierra Leone- ETHIOPIA, Emphasizing laudable accomplishments in Ethiopia-China relations in the year 2019, including the cooperation on successful launch of Ethiopia’s first ever remote sensing satellite, dubbed ETRSS-1, in December of 2019, the Tan Jian – Chinese Ambassador to Ethiopia stated, 2020 would be historic, whereby the two countries elevate the ties to a higher level, with realization of more achievements in different projects. Tan Jian intimating the press on 27th December 2019 in Addis Ababa where he made mention of the achievements inclusive; politics, economic, capacity building, health, education and hi-tech areas. “Driven by the momentum gathered from the Forum on China Africa Cooperation...

By Abdul Rahman Suagibu – NEW AFRICA DAILY NEWS, Freetown, Sierra Leone- Tony Elumelu Foundation (TEF) Entrepreneurship Programme receive $5 million grant from the African Development Bank(AFDB). According to a press release.  “The Board of Directors of the African Development Bank has approved a grant of $5 million to enable the Tony Elumelu Foundation Entrepreneurship Programme to scale up its outreach and impact to 1,000 select youth entrepreneurs,” the press release reads. The partnership will aid 3,050 young entrepreneurs across fifty-four African countries. The Bank’s participation will improve an additional 1,000 entrepreneurs to benefit from the TEF programme, summing it up to a total of 4,050 candidates. This would minimize the growth of unemployment and the inequality among...

By Abdul Rahman Suagibu – NEW AFRICA DAILY NEWS, Freetown, Sierra Leone- LIBERIA, Embassy of the United States of America, in partnership with the Government of Liberia and other international partners, has promulgated a technical assistance program to be provided through the U.S. Agency for International Development (USAID) to the Central Bank of Liberia (CBL). Virtually, the aim of the technical support is to enhance the Central Bank of Liberia to effectuate steadily performance of its core functions of managing the Liberian currency and creating the requisite monetary stability for broad-based and inclusive economic growth. The Liberia Dollar is in a high state of demand and supply, therefore giving an up hill task to Liberians to handle enough of Liberian Dollars in their...