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By Abdul Rahman Bangura– NEW AFRICA DAILY NEWS (NADN) Freetown, Sierra Leone– That, he said would help solve the economic challenges facing AfCFTA to boost trade and investment in the West African countries. Ambassador Demitia divulged…at a combined conference orchestrated by the Ghana International Trade and Finance Conference (GITFIC) and the Togolese Ministry of Commerce, Industry and Local Consumption in the capital, Lome. On the theme: “Enhancing trade between Ghana and Togo; Issues and challenges related to trade and the AfCFTA market,” the seminar strived to sensitize ratified Member States on the AfCFTA and Pan-African Payment and Settlement System (PAPSS). Demitia let out AfCFTA gave an alternative to boost financial integration of African trade, but, there had been some...

By Abdul Rahman Bangura– NEW AFRICA DAILY NEWS (NADN) Freetown, Sierra Leone– The Afreximbank correspondingly made twice as much its financing for IntraAfrican trade from $20 billion to $40 billion the Executive Vice President of Intra-African Trade, Afreximbank – Kanayo Awani let out. Awani drove this revelation on Monday, September 11 2023 at IATF 2023 Business Road Show in Lagos with the theme, “Positioning Nigeria to Harness the Opportunities at the African Continental Free Trade Area”. The road show intends for at developing attention for Nigerian businesses ahead of the IATF – Intra-African Trade Fair 2023 in Cairo, Egypt between November 9-15, 2023. The Executive VP said Nigeria is a big market, however, she noted that there are markets outside of the country that...

By Richard Adorsu- NEW AFRICA DAILY NEWS (NADN) Accra Ghana- The African Development Bank has unveiled the Africa Climate Risk Insurance Facility for Adaptation (ACRIFA). The initiative is aimed at insulating countries against catastrophic weather-related events. The facility, which will be hosted by the Bank, expands its pioneering Africa Disaster Risk Insurance Program into a facility that will develop insurance to help African countries, specifically, their agriculture sectors, prepare for, adapt and build resilience against adverse effects of climate change such as flooding and drought. African Development Bank Group President Dr. Akinwumi Adesina announced the new adaptation facility on Tuesday 6 September, at a side event held at the Africa Climate Summit in Nairobi. He said it...

By Abdul Rahman Bangura– NEW AFRICA DAILY NEWS (NADN) Freetown, Sierra Leone– Seychelles’ Ministry of Health asserted that Minister Peggy Vidot and her Zambian partner- Sylvia Masebo approved of this development during a meeting at the 73rd Regional Committee of the Africa region of the World Health Organization (WHO). “The MoU will also allow Seychellois health professionals to be trained in Zambia. Seychelles has a lack of health professionals while Zambia has a surplus. Discussions have been ongoing between the two sides since early this year for the recruitment of doctors,” the Ministry asserted. Dialogues have existed between the two sides since this early part of 2023 for the recruitment of doctors. According to the Annual Health Sector Performance Report of 2022, as...