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By Abdul Rahman Bangura– NEW AFRICA DAILY NEWS (NADN) Freetown, Sierra Leone– The Central Bank of Nigeria (CBN) announces it has seized ethical criteria to establish the adverse instabilities in the foreign exchange market. The Acting Governor of the CBN, notified State House Correspondents in Abuja after he met with President Tinubu. He told they talked over the helpful criteria required to be carried by way to boost the liquidity in all the sections of the market. Shunobi explained that the stabilizers were arbitrary, and warned the culprits about the outcomes of their actions. “We do not believe that the changes going on in the parallel market are driven by pure economic demand and supply, but are caused by speculative demand from people. The speculators should be careful because...

By Abdul Rahman Bangura– NEW AFRICA DAILY NEWS (NADN) Freetown, Sierra Leone–The AFC has published that it is partnering with the Administration of Senegal to sponsor the development of the landmark Sangomar oil field. €50 million in the oil field in a bid to boost Senegal’s emerging oil & gas industry and enhance energy access and security in Senegal, a press release stated. Located 100 kilometers South-West of the capital Dakar, the Sangomar oil field spans 7,490 square kilometers and is rated to hold around 500 million barrels of crude oil. The Corporation’s enterprise in the Sangomar oil field will be utilized to navigate the first phase of growth towards attaining first oil, a key milestone in the advancement of the nation’s hydrocarbons sector. The facility will provide a...

By Richard Adorsu- NEW AFRICA DAILY NEWS (NADN) Accra Ghana- Africa is experiencing a surge in data center developments, with South Africa taking the lead in terms of investments. Other countries such as Nigeria, Egypt, and Kenya are also making significant strides in this sector, positioning the region as an emerging hotspot for data center infrastructure. This is according to a report by Research and Markets. South Africa has emerged as a major player in the data center market, attracting substantial investments. This growth is driven by factors such as increasing digitalization, improved connectivity, and the need for robust data storage and processing capabilities. The country’s strategic location and favorable business environment have made it an attractive destination for...

By Abdul Rahman Bangura– NEW AFRICA DAILY NEWS (NADN) Freetown, Sierra Leone– Dr. Amina Zawedde – the Permanent Secretary in the Ministry of ICT divulged government is working hard to assure that the internet tariffs are made reasonable for all Ugandans for them to access the internet and thwart the alarming digital illiteracy levels in Uganda. In an announcement by Enid Edroma – the General Manager of Corporate Affairs at MTN Uganda, it’s only an improvement in internet users that will drive down the price of the internet in the nation. Presently, Uganda’s internet penetration sits at merely 29.4% correlated to Tanzania’s 38% and Kenya’s 53%, according to new insights on mobile internet connectivity in Sub-Saharan Africa. As of January 2023, Morocco had the greatest...