Blog Medium Without Sidebar

By Abdul Rahman Suagibu – NEW AFRICA DAILY  NEWS, Freetown, Sierra Leone-  In Malawi, dichotomy between the value of a country’s imports and exports is projected to worsen by 16.4% in 2019 the latest Annual Economic Reports show. Recent Annual Economic Report indicates that, it is a show to an improved trade balance which the country recorded in 2018 to $1.42 billion from $1.31 billion. This year’s Annual Economic Report government said, the projected trade balance is thus, all values of traditional export products are anticipated to go down in 2019. For example, Tobacco, is projected to take in $502 million down from $516 million while earnings from sugar, cotton, coffee and suitable to be eaten nuts are also estimated to fall in the year. Precisely, to think with pleasure and...

By Abdul Rahman Suagibu – NEW AFRICA DAILY  NEWS, Freetown, Sierra Leone- In Zambia, Following a media fact released by Small Scale Miners Association of Zambia Executive Director – Kunda Chani, the association is pleased with Grizzly transparency. Mr. Chani approved Grizzly Mining for declaring firmly and clearly saying, the extracted multi-million dollar emerald weighing about 50 kilogram. “We implore other large scale mining firms to be declaring correct production figures for the benefits of Zambian economy. As an association we urge other mining houses to create a system that will promote small scale mining. This will close the gap and help to build capacity for small scale miners. “If the relationship between small scale miners association of Zambia and the mining houses...

By Abdul Rahman Suagibu –   NEW AFRICA DAILY  NEWS, Freetown, Sierra Leone- The Board of Rural Electrification and Renewable Energy Corporation (REREC) has declared stringent measures that suppliers of poles must adhere to. Earlier in November, 2019; it’s incumbent on poles suppliers to showcase that, they plant at least the same number of trees felled in a bid to replace the ones being cutting down. After a board meeting at the parastatal’s office in Nairobi’s south C on Friday, Chairman Simon Gicharu said, the measures will also aid in dealing with cases where fraudsters traders cheat the system by registering firms under the category of Youth and Women yet the beneficiaries of 30% tenders set aside are net from within that bracket. “We are happy to work closely with the...

By Abdul Rahman Suagibu – NEW AFRICA DAILY  NEWS, Freetown, Sierra Leone- Anglo American CEO, Mark Cutifani pronounced that, there is no scarcity of geological opportunities in South Africa. Therefore mining investment needs political stability and regulation clarity. While encouraged by positive improvements in the political arena, the “parlous state” of public finances remains a challenge according to Cutifani. The Anglo CEO noted that, companies must work with the government to tackle “unresolved issues” in the nation’s mining Charter – which seeks to address inequalities resulting from apartheid. The multiplier effect of growing the mining industry which currently supports about 4.5 million people could drive a “wholesale economic renewal of South Africa” However Cutifani casts...