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By Abdul Rahman Suagibu – NEW AFRICA DAILY NEWS, Freetown, Sierra Leone- NIGERIA, African Development Bank’s investments in West Africa are remarkably showing good dividends. As disclosed. The President of the Economic Community of West African States (ECOWAS) – Jean Claude Kassi Brou, announced in Abuja, at the bloc’s Fifty-Sixth Ordinary Session, attended by regional heads of state and governments that; the Bank had provided “invaluable technical and financial interventions… in the implementation of numerous projects and programmes”. The region’s economy is showing a elephantine strides and achievements, reaching 3.3% growth in 2019, he noted, “despite facing significant challenges, particularly with regards to security. ECOWAS member states...

By Abdul Rahman Suagibu – NEW AFRICA DAILY  NEWS, Freetown Sierra Leone- United States-based manufacturer of solar panel, lighting and batteries - Triton Solar has disclosed that, it would be spending $300 million or more in Nigeria. It’s recorded that, the Company’s Managing Partner, Global Head of Business – Bhagi Sandilya stated on the on the main item of his visit with the Chairman/Chief Executive Officer of Silicon Valley Nigeria Economic Development Inc – Chief Temitope Ajayi, to an erstwhile Minister of Industry – Alhaji Bamanga Tukur. Sandilya expounded that, Triton Solar intends to invest $100 million into setting up three plants of the company to be located in Lagos, Oyo State and Federal Capital Territory, Abuja.  “The total investment worth of this plant...

By Abdul Rahman Suagibu – NEW AFRICA DAILY  NEWS, Freetown, Sierra Leone- Eight West African countries have yielded assent to replace the name of their common currency to the ECO officially scissoring ties with the CFA Franc. The CFA Franc, linked to erewhile colonial ruler France has always been condemned for its representation of neo-colonialism. From 1945, the CFA Franc has been the currency been utilized by French colonies, and the usage of the currency continued after independence. Reports portend that, the ECO will still be a fixed exchange rate to the Euro but the rule that member states keep 50% of reserves with French treasury will be removed, the French representative on the board of regional central bank will be removed, giving autonomy to the body. Commenting on the...

By Abdul Rahman Suagibu – NEW AFRICA DAILY  NEWS, Freetown, Sierra Leone- Applications for the ONE Africa Award are now open. The clarion call for applications will juggle a pattern continuously from 21 November 2019 and close on 31 January 2020. Africa-led, Africa-driven organizations have the opportunity to submit their applications for consideration for the Award. The Award honors outstanding contributions by African based organizations leading the fight against poverty and preventable disease on the continent. Since it’s now in the eleventh edition, The ONE Africa Award fetes African efforts aimed at achieving the Sustainable Development Goals (SDGs), the world’s road map for a better future. SDG targets range from dichotomizing poverty to freeze the spread of HIV/AIDS and...