Rwanda: Youth in Agri-Business Forum makes Excellent in roads to Nourish Youth Startups

By Abdul Rahman Suagibu – NEW AFRICA DAILY NEWS, Freetown, Sierra Leone-  RWANDA, shortly after the Rwanda Government and other partners revealed a new idea dubbed ‘Envisage Youth Agribusiness Incubator Programme’, a project that looks to aid the entrepreneurs turn their startups into sustainable and profitable ventures. The programme was on Thursday 28th November, 2019 at the University of Rwanda’s College of Agriculture and Veterinary Medicine (UR-CAVM) in Musanze District, Northern Province. The Business Incubation Centre for Youth in Agribusiness is part of an initiative which authorities say will remain operational to insure it mentors a critical mass of young entrepreneurs so as to lift up the country’s agriculture growth. It was led by the Rwanda Youth...

Zimbabweans: Hugged Black Friday Shopping Celebration

By Abdul Rahman Suagibu – NEW AFRICA DAILY  NEWS, Freetown, Sierra Leone- ZIMBABWE, 29th November, 2019, Zimbabweans local retailers after accepting the e Black Friday shopping; cuts prices by 50% according to a snap survey by 263 Chat Business. At 6am, queues were entwisted at most stores which had advertised price adjustments for today with many shops opened by 7.30 am. This situation comes at a time when Zimbabweans are failing to contend with the rough economic situation in the country which have affected consumer spending a great deal. Apparently, stores with particularity in clothing business, had already run out of merchandise in just an hour of opening as customers cleared all selected wares on promotion. Business operators said, they were going to drip-feed their stocks onto...

Tanzania Investment Centre Sign on Partnership with Foreign Investors

By Abdul Rahman Suagibu – NEW AFRICA DAILY  NEWS, Freetown, Sierra Leone- TANZANIA Investment Centre (TIC) is in preparedness to entice foreign investors from Netherlands shortly afterwards, approving a covenant with the country’s business Association. The Memorandum of Understanding (MoU) between TIC and the Netherlands-African Business Council (NABC) will now allow Tanzania to market its investment potentials through the council’s network. The council has a membership of 300 which are in different sectors such as manufacturing, agriculture, health, energy, logistics and constructions among others. Geoffrey Mwambe-TIC Executive Director and NABC Director General-Peter Ruiter gave approval to their agreement and both parties halsened to work together for the benefit of both countries....

Bank of Ghana: Policy Rate Stands at 16%

BY ANIN AGYEI- NEW AFRICA DAILY  NEWS, Accra, Ghana- THE BANK of Ghana (BoG) after its 91st Monetary Policy Meeting has decided to put its monetary policy rate at 16%. This came to light on Monday, at the press briefing where the Governor of BoG, Dr. Ernest Addison, explained that the decision is due to risks to the inflation outlook which were broadly balanced. Dr Addison said the latest forecast shows that inflation will remain within the target band over the forecast horizon, barring any unforeseen shocks. “Inflation expectations, derived from the surveys, remain fairly anchored in single digits and core inflation (excluding energy and utilities) is expected to remain at low levels,” he added. The Governor said in the domestic economy, the indicators of economic activity are...