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BY YESMAN ANTOH NEW AFRICA DAILY  NEWS, Accra, Ghana- THE ARB APEX Bank has cautioned Ghanaians against the spread of malicious information on social media about a possible collapse of the Rural Banks. According to the Deputy Managing Director of ARB Apex Bank, Alex Kwasi Awuah, said such false information are injurious to the Rural and Community Banks. Awuah said issues rising from the banking sector have stir up fear in customers to engage in panic withdrawals or stop savings would have dire consequences on the sector. He said some Rural and Community Banks in the country recently suffered same nemesis after a false information went viral on social media about purported Bank of Ghana decision to dissolve a number of rural banks. “The malicious information that was circulating on...

By Brian Moses MBowe   New Africa Daily News, Denver, Colorado- Hong Kong Hundreds of Thousands marched on Sunday to voice their opposition to the City government’s controversial extradition bill. Hong Kong’s Chief Executive Carrie Lam’s apologized to the public on Sunday after a big marched at the City’s Streets on Saturday, did not quell public anger by shelving an unpopular extradition bill that has highlighted apprehension about relations with Mainland China. Hong Kong police fired multiple rounds of tear gas and rubber bullets at the demonstrators.   Reported by Brian Moses MBowe, New Africa Daily News for North America and International Correspondent. www.newafricadailynews.com

  By Abdul Rahman Suagibu –   NEW AFRICA DAILY NEWS, Freetown, Sierra Leone- Three consecutive years Foreign Direct Investment (FDI) is down the drain all over the world, but not in Africa. Global money is banking on Africa growth, reduced barriers to cross border trade and affordable access to commodities. From 2017 to 2018, global FDI fell from $1.5 million to $ 1.3 trillion, according to an analysis by the United Nations Conference on Trade and Development (UNCTAD). The conference released its 2019 World Investment Report this week showing that, global FDI not only hit its lowest level since the global financial crisis, but has also been on the decline for three consecutive years. One region defied this trend. Africa, in 2018, $46 million worth of FDI flowed into Africa,...

By Brian Moses MBowe   NEW AFRICA DAILY  NEWS, Denver, Colorado- Canada’s Toronto Raptors beat the defending Champion, the United States, Golden State Warriors, in the six games to win their first ever NBA title. Millions  of Canadians are celebrating their first ever NBA Championship. Reported by Brian Moses MBowe, New Africa Daily News for North America and International Correspondent. www.newafricadailynews.com