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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, OPPOSITION National Democratic Congress (NDC) Member of Parliament (MP) for Shai Osudoku Constituency in the Greater Accra Region, Ms. Linda Obenewa Ocloo has provided an insurance cover and licenses for 2,500 motorcyclists popularly known as Okada riders in Ghana in her constituency. The MP said due to the poor nature of roads in the constituency, make Okada an ideal transportation service which facilitates the mobility of the constituents, therefore, the need to secure license and insurance for them as efforts are underway to construct the roads. She said the insurance is critical due to the accident risk associated with Okada operations in the country to ensure that injured persons are cushioned for their medical bills. “I took...

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...