Blog Medium Without Sidebar

By Abdul Rahman Suagibu – NEW AFRICA DAILY NEWS, Freetown, Sierra Leone-  29th of August, 2019 the Senate Committee on Internal Affairs told plenary that, hundreds of Presidential appointees, local government employees as well as “supplementary employees” have worked for several months without salaries, “because hundreds of them are yet to be placed on government’s payroll”. The Chairman on the Internal Affairs committee, Senator J. Gbleh-bo Brown – The Chairman on the Internal Affairs Committee said that, 119 Presidential appointees throughout the country are not receiving salaries, though they are working; that 739 local government employees serving in cities, townships, districts and other local government establishments are not receiving salaries while 1,299 persons referred to as...

By Abdul Rahman Suagibu –   NEW AFRICA DAILY NEWS, Freetown, Sierra Leone- Sterling Bank Plc has put into final form to organize an Agriculture Summit in Abuja between 5th and 6th of September 2019. The theme is being focused on “Agriculture – Your Piece of The Trillion-Dollar Economy,” according to the bank, it seeks to actualize the $1 trillion African agribusiness economy plan by 2030. In a press conference in Lagos, on the notion behind the summit which will bring together policy makers, development agencies, international financial institutions and value chain players on the continent, the Executive Director, Corporate and Investment Banking with Sterling Bank, noted. Mr. Yemi Odubiyi, proclaimed that, the summit would address the issues preventing the agricultural sector...

By Abdul Rahman Suagibu – NEW AFRICA BUSINESS NEWS, Freetown, Sierra Leone- The IFC – a member of the World Bank Group has pronounced approximately $15 million loan to Stanbic Bank Zambia, a wholly owned Subsidiary of Standard Bank Group. This investment will aid Stanbic Bank expand its lending to small and medium enterprises; with at least 25% of the loan ear marked for women owned business in Zambia. From World Bank Group recent Study, entrepreneurs from Zambia have difficulty in accessing the finance they need, to grow due to informality in the market, high collateral requirements and poor bank lending tools. With particularity to this woman owned enterprises face a financing gap of about $ 474 million equivalent to 16% of the total SME finance gap funding shortfall (The...

By Abdul Rahman Suagibu-   NEW AFRICA DAILY NEWS, Freetown, Sierra Leone-  On August 28th, the seventh Tokyo International Conference on African Development (TICAD 7) is in motion in Yokohama. Commencing on 28th August 2019 to 30th August 2019, TICAD 7 is being co-chaired by Prime Minister Shinzo Abe of Japan and H.E Abdel Fattah el-Sisi – President of Egypt. This conference will be attended by delegations from African countries including various heads of state, representatives of co-organizers of TICAD from the African union Commission, the United Nations, World Bank and as well as more than 100 business leaders from both Japan and Africa, international organizations, developed and developing countries, aid agencies, members of civil society and researchers who are gathering to...