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By Abdul Rahman Bangura– NEW AFRICA DAILY NEWS (NADN) Freetown, Sierra Leone – The business contract bestows some African nations priorities or rightful tax free access for their exports to the U.S. market. The agreement is due to end in 2025, and African delegates at the summit want the deal resuscitated. Mokgweetsi Masisi – President of Botswana talking to delegates assembled in Gaborone for the summit, steered the requests to Washington to revive the agreement. Heretofore, it was set into place in 2000, AGOA has been assigned with establishing more than 46,000 jobs in Africa and strengthening exports to the U.S. “It is also our earnest hope that in consonance with the letter and spirit of the U.S.-Africa Leaders Summit, the Biden Administration will renew the African Growth and...

By Richard Adorsu- NEW AFRICA DAILY NEWS (NADN) Accra Ghana- Ethiopian and Nigerian central banks have agreed to swap funds trapped in their respective states, which will see Ethiopian Airlines (ET) recover up to $100 million trapped in Nigeria. Both countries have blocked a significant amount of airline funds, with a low allocation of USD to their aviation industries due to severe foreign currency shortages. The agreement between the central banks involves exchanging Ethiopian Airlines’ funds in Nigeria for Dangote Cement’s funds trapped in Ethiopia. Ethiopian Airlines is the largest foreign operator in Nigeria and a significant contributor to the development of the country’s air transport market. Nigerian banks hold about $180 million of ET’s revenue....

By Abdul Rahman Bangura– NEW AFRICA DAILY NEWS (NADN) Freetown, Sierra Leone – “Embracing New Gas Markets in the Energy Transition Discourse, the Role of Stakeholders,” the theme of the event convened key industry actors to communicate the important function of stakeholders in Ghana’s energy transition journey. CEO Ben K.D. Asante during the the discussion brought out the demand for a symmetrical approach to the energy transition that assesses both environmental responsiveness and economic impact. He underscored that the transition should be incremental rather than immediate and should be steered by components such as fuel type and location. “Gas should be the preferred transitional fossil fuel choice based on low carbon emissions and cost,” stated Asante, emphasizing the benefits of...

By Abdul Rahman Bangura– NEW AFRICA DAILY NEWS (NADN) Freetown, Sierra Leone – William Ruto – Kenya’s president on a state call to Congo-Brazzaville has declared openly the removal of visa restrictions to alleviate the movement of people between Kenya and Congo. Approved on entrance by his match – Denis Sassou Nguesso, President Ruto expressed a message to members of parliament (deputies and senators) gathered in Congress. He bemoaned the fact that Africa is a victim of climate change, despite radiating only 4% of greenhouse gases. The Kenyan leader furthermore affirmed surprise at the evidence that the landmass’s low-income nations are spending 24% of their GDP on debt payments, which are stifling them. He again greeted the inception of Zlecaf, which will help...