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By Abdul Rahman Suagibu – NEW AFRICA DAILY NEWS, Freetown, Sierra Leone-  Matthew Knowles, the father of world superstar, Beyoncé’ Knowles, and other US celebrities who are board members of Bangi Inc, are carefully noticing the Kenyan financial market. The Company’s name emanates from the Swahili translation of marijuana. News from the media reported that, the firm’s board has confirmed its move to cross list on the NSE, despite the drug remaining banned in Kenya. “A dual listing in Africa would be a natural step for the company considering its corporate name, “BANGI” means “Marijuana” or “hemp” in Swahili, one of the most spoken languages in Africa”, Neil Parsan – Chairman and Chief Executive Officer of BANGI Inc was quoted. Yahoo Finance published that, the company also announced...

BY YESMAN ANTOH- NEW AFRICA DAILY NEWS, Accra, Ghana-  AFRICAN Union (AU) and its four multilateral development partners has signed a communique in Kigali, the capital city of Rwanda, promising to address food and nutrition security on the continent. The two-day African Food Security Leadership Dialogue strengthened the collaboration between the AU and its four partners, which supports the wider partnership among the AU, regional economic communities, AU member states and regional and international organizations across Africa. The four partners supporting major food security programs in Africa, the World Bank, the Food and Agriculture Organization of the UN, the African Development Bank and the International Fund for Agricultural Development (IFAD) recognized in the communique the...

By Abdul Rahman Suagibu – NEW AFRICA DAILY NEWS, Freetown, Sierra Leone- The Government of Sierra Leone (GOSL) is at the threshold of signing a $ 30 million concessional loan agreement with a Chinese Export and Import Bank. Mohamed Rado Swaray- Minister of Information and Communication on Thursday informed journalists at the government weekly news press conference in Freetown that, he personally involved in the negotiation process of the $ 30 million loan agreement with the Chinese Exim Bank. He said that, the loan has an interest rate of 1%. He made furtherance’s in his statement that, they said loan will be geared towards improving on the current status quo of the fiber optic facility to improve on internet connectivity in the countryside for the good of the citizens of Sierra...

By Abdul Rahman Suagibu – NEW AFRICA DAILY NEWS- The African Development Bank Group on Monday 6th of August, 2019 signed $ 4.8 Million institutional financial support to the African Union (AU) for implementation of the African Continental Free Trade Area (AfCFTA). The bank pronounced in a remark that, the grant approved by the group’s board of directors on April 1, 2019 constituted part of a series of interviews by the bank in its lead role to expedite implementation of the free trade agreement, seen as a major force for integrating the 55 – nation continent and transforming its economy. AU’s Commissioner for Tr5ade and Industry – Albert Muchanga initiated for the continental body, and Obed Andoh Mensah, representing the bank’s Director of Industrial and Trade Development Department...