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By Abdul Rahman Bangura- NEW AFRICA DAILY NEWS (NADN) Freetown, Sierra Leone– The group Managing Director of Afrinvest West Africa – Ike Chioke in his statement; at the liftoff the Nigeria capital market holding Company, remarked in Kano State stated, the firm is geared on investment banking, securities trading, asset management, trust services, consultancy and technology services. He added, investment and support of Kano government through infrastructure funding and business support will accelerate the state’s economic growth. He disclosed that Afrinvest financed construction of the multi-million Ado Bayero Mall in the state, which would be of great economic benefit to the state’s economy. Chioke said: “in 2009, Afrinvest focused on technology and capital market, and it also...

By Abdul Rahman Bangura- NEW AFRICA DAILY NEWS (NADN) Freetown, Sierra Leone– “They are just bad, first and foremost, because you can’t price the assets properly. These are the reasons I say Africa should put an end to natural resources-backed loans. These countries renegotiate those loans that are asymmetric, not transparent and wrongly priced”. The AfDB’s boss underscored that, those loans collateralized with natural resources present challenges for development banks, encompassing his own and the International Monetary Fund, which advocate for sustainable debt practices. Such is tantamount in trampling nations from obtaining or repaying loans from these institutions, as they must allocate revenue from critical natural resources to settle debts linked to those resources. He cited to...

By Abdul Rahman Bangura- NEW AFRICA DAILY NEWS (NADN) Freetown, Sierra Leone– Ambassador Mbelwa Kairuki, Tanzania’s High Commissioner to the UK remarked, the Administration would have to hold a meeting in Dar es Salaam that will entice traders from both, Mainland Tanzania and Zanzibar who are currently exporting goods to the UK and those with future plans to do so. It’s scheduled for March 28th, 2024, and will be honored by Minister for Industry and Trade, Dr. Ashatu Kijaji. During the meeting, participants will come up with strategies on how to capitalize on the current Developing Countries Trading Scheme (DCTC), initiative blast off in May of 2023 for the objective of thriving trade with lower income countries and supporting jobs. The Diplomat stated, the meeting will mark as a...

By Abdul Rahman Bangura- NEW AFRICA DAILY NEWS (NADN) Freetown, Sierra Leone– This concept is meant to correlate talent supply chasm in given persons with the chances to meet their training goals and liftoff careers in the tech industry. About 40 young girls will receive full sponsorship from Unity Bank in the special training initiative which was conceived as part of activities to commemorate this year’s International Women’s Day 2024. With women making up just 33% of the tech-related workforce worldwide, this concept deserves to bolster women’s participation in the tech industry by delivering a sustainable, impact-driven programme that addresses gender disparity and deepens inclusion within the tech industry. All beneficiaries of the programme will be trained on diverse areas of...