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BY ANIN AGYEI- NEW AFRICA DAILY NEWS, Accra- GHANA, RUMOURED fuel price increment by the National Petroleum Authority (NPA) at the fuel pumps has been halted through the intervention of the President of Ghana, Nana Addo Dankwa Akufo-Addo. The NPA had earlier on Monday morning, December 16, 2019, serve notice directing oil marketing companies to effect a 4 pesewa adjustment in the price of fuel. The development angered a cross-session of Ghanaians notable among them was the Chamber of Petroleum Consumers (COPEC) who issue a threat of legal action against the move by the NPA if the action is not withdrawn. “We have been informed that the President and the Chief of Staff have all intervened and the increment has been withdrawn,” the leader of COPEC, Mr. Duncan Amoah stated. Earlier, Mr....

By Abdul Rahman Suagibu – NEW AFRICA DAILY  NEWS, Freetown, Sierra Leone- LIBERIA, George Manneh Weah – the President of the Republic of Liberia on the 15 December, 2019 chaired the first-ever Cabinet and World Bank Group’s interactive meeting and emphasized his administration’s full preparedness to advanced continued win-win partnership with all international real participants. The meeting was held at the Jamaica Resort along the Roberts International Airport Highway under the theme, “Maximizing World Bank Support to Liberia”, was concentrated on the World Bank’s profile in Liberia. President Weah repeated Liberia’s preparedness to work with World Bank and all international partners and investors, adding that, “My government is here and ready to work with you. This meeting is...

By Abdul Rahman Suagibu – NEW AFRICA DAILY  NEWS, Freetown, Sierra Leone- ANGOLA,  newest Luaxe Diamond Deposit will commence mining arbitration in the midpoint of next year. And would produce one million carats of diamonds worth $90 million next year according to Alrosia-Diamond Producer. Catoca and Alrosa – Angola’s state controlled diamond miner found Luaxe’s Luele pipe in 2013. In furtherance, Catoca has spent $200 million in studying and developing research has said, the pipe may turn out to be the largest discovery in the industry in sixty-years. ‘’It will be one of the largest deposits in the world’’, Vladimir Marchenko – Alrosa’s Deputy Chief Executive in charge of its Africa Business pronounced to the media. Alrosa’s specialists finished reviewing a sample of Luaxe’s...

By Abdul Rahman Suagibu – NEW AFRICA DAILY NEWS, Freetown, Sierra Leone- FRANCE, The French Development Agency (AFD) is bent on providing $30 Million via the African Guarantee Fund for Small and Medium Sized Enterprises (AGF), in order to accelerate access credit to small and medium sized enterprises (SMEs) throughout Africa. AFD Chief Executive Officer – Mr. Rémy Rioux and AGF Group Chief Executive Officer – Mr. Félix Bikpo, validated a sub participation agreement of $30 million in Paris on 28th November, 2019. The sub participation agreement confirmed between duo, will help to widen the mutual unobstructed action between the two parties, by extension offering AGF with a counter guarantee of $30 million, by making proper utilization of the ARIZ risk-sharing mechanism: a...