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By Abdul Rahman Suagibu – NEW AFRICA DAILY NEWS, Freetown, Sierra Leone- Rwanda’s Central Bank possibly would be the first African Central bank to bethink the issuance and implementation of its own digital currency in the African economy. The bank ettles at making transactions more efficient and convenient and contributing to economic growth. From news reports, the National Bank of Rwanda is elucubrating the collective activities of other reputable national banks, like the Royal Bank of Canada, De Nederlandische Bank (DNB) and the Monetary Authority of Singapore. Should the secret supporter currency proves futile, Rwanda might inevitably issue crypto currency, that would be similar to the one that is underway in China. The currency if launched will make Rwanda among the pioneers of...

By Abdul Rahman Suagibu – NEW AFRICA DAILY NEWS, Freetown, Sierra Leone- The Southern African state Mozambique has been in a little constraints from debt crisis after conceding in 2016 to $ 1.4 billion of undisclosed lending, suggesting the IMF to cut off support and experiencing a currency collapse and debt default. In addendum President Nyusi said, Mozambique talks with the International Monetary Fund with the IMF on restoring suspended support are making “encouraging progress”. “We want to establish a good relationship with our partners from financial institutions so that we continue to access financial resources and we are doing this with our partner the IMF, and they understand us. There is a hope that better days will come”, Nyusi noted. “We are discussing program, of course....

BY YESMAN ANTOH-   NEW AFRICA DAILY NEWS, Accra, Ghana- Tanzanian President, John Magufuli assumed the chairmanship of the Southern African Development Community (SADC), outlining industrialization as his top priority. The Tanzanian leader took over the SADC chairmanship from President Hage Geingob of Namibia. Speaking after he assumed the chair at the 39th SADC Ordinary Summit of Heads of State and Government in the commercial capital Dar es Salaam, Magufuli said it was unacceptable that a region endowed with vast natural resources should remain poor. “Our countries are not poor. We are very rich. We have all the resources needed for one to be rich. We have huge population, large number of wildlife, vast plant species, marine ecosystem, minerals and hydrocarbons,” he told...

By Abdul Rahman Suagibu – NEW AFRICA DAILY NEWS, Freetown, Sierra Leone- Zimbabwe has bent on to allocate more spectrums for mobile services to heighten it to 5G which is the next generation of mobile internet connectivity offering faster speeds and more reliable connections. This emanates as telecommunications sector regulator – The Postal and Telecommunication Regulator Authority of Zimbabwe (POTRAZ) held talks with a number of real participants in the business last week for the third and final national preparation meeting for the forthcoming World Radio – Communication Conference (WRC – 19) an International Treaty making conference, which will take place in Egypt between October 28 and November 22, 2019. Director General of POTRAZ – Dr. Gift Machengete told participants that, it is...