ECOWAS, COMESA and EAC Embraced plans to Annex 50 Million Africa Women in Business

By Abdul Rahman Suagibu – NEW AFRICA DAILY NEWS, Freetown, Sierra Leone-  Economic Community of West African States (ECOWAS), Common Market for Eastern and Southern Africa (COMESA) and East African Community (EAC) ended up to unite about 50 million African women in business across the continent. The notion is a digital dais explicitly designed to tact the information needful of women in doing business, and joining them via a custom-built social networking tool launched in Kigali, Rwanda. It is on the basis deal on financing by the African Development Bank (AfDB) and connecting the gap for women entrepreneurs across business value chains in sub-Saharan Africa, roughly calculated at about $42 billion. The partners released in a statement on the 26th November, 2019 that; the platform...

Rwanda: To Guest Global Food Innovation Forum

By Abdul Rahman Suagibu – NEW AFRICA DAILY NEWS, Freetown, Sierra Leone-  RWANDA, Kigali in 2020, will host the Global Food Summit (GFIS) for Africa – an event that tries to lay strategies to shoot out hunger and malnutrition. Summit which co-hosted with Seeds & Chips, an international exhibitions firm, will take place from November 3 to 5, 2020. It aims more than 3,000 participants from across the African continent and the world, said Marco Gualtieri-Founder and Chairman of Seed & Chips. Food insecurity, he said, is regarded the most pressing issue facing humanity today. “Food security means giving everyone access to sustainable and healthy food.  This means that while food is accessible, it doesn’t mean that it is safe, healthy. So, this is a challenge,” he noted....

Malawi: Receives about US$ 40 Million from IMF in Direct Budget Support

By Abdul Rahman Suagibu – NEW AFRICA DAILY  NEWS, Freetown, Sierra Leone-  MALAWI, Joseph Mwanamvekha- Minister of Finance, Economic Planning and Development heralded that; Malawi will finally get resources amounting to US$40 million from the International Monetary Fund (IMF) in direct budget support, Minister of Finance, Economic Planning and Development, Joseph Mwanamvekha has announced. This will be the first time in six years after the IMF suspended support in 2013 following looting of public funds at Capital Hill dubbed cashgate. Speaking on the 23rd November, 2019 during a media briefing at Capital Hill in Lilongwe, Mwanamvekha said the IMF Executive Board completed and validated the second and third reviews of the three-year arrangement under the Extended Credit Facility (ECF)...

Ghana: Inflation for October hits 7.7%

BY ANIN AGYEI- NEW AFRICA DAILY  NEWS, Accra- GHANA’S CONSUMER Price Index (CPI), which measures the change over time in the general price level of goods and services that households acquire for the purposes of consumption, in the month of October 2019, soar up by 7.7%. At a press briefing held in Accra by the Government Statistician of the Ghana Statistical Service, Professor Samuel K Annim, said the year-on-year inflation rate as measured by CPI increased by 0.1% point from the 7.6% recorded in September 2019. For the Food and Non-alcoholic beverages group, the statistician pointed out that the year -on -year inflation rate recorded 7.0%, which is 1.55% points lower than the 8.5% recorded in September 2019. “Between September 2019 and October 2019 the price level of Food and...