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By Abdul Rahman Bangura– NEW AFRICA DAILY NEWS (NADN) Freetown, Sierra Leone – The theme of the summit is, “Trade and Non-Oil: Changing the Narratives for Rapid National Development.” Adesina, was represented by Lamin Barrow, Director-General, Nigeria Country Department of AfDB. The AfDB’s President noted on July 10th, 2023 in Abuja at the second edition of Nigeria Employers’ Summit. “The unification of the exchange rate management system is an important reform by the new administration that will enhance transparency in the allocation,” he announced. Adesina explained an active and competitive private sector has the potential to expedite the diversification of Nigeria’s economy and strengthen exports. He said the private sector development in Nigeria was nonetheless...

By Abdul Rahman Bangura– NEW AFRICA DAILY NEWS (NADN) Freetown, Sierra Leone – The consensus with AfCFTA is on the sidelines of the 30th Afreximbank Annual Meeting (AAM) held in Accra, Ghana. According to this pact, the two institutions are to stimulate the growth of SMEs operating in four sectors under the 1st phase of the partnership which is primarily import dependent on giving technical and financing solutions for intra-African/domestic alternatives. These economic sectors are Agroprocessing, Automotive, pharmaceuticals, Transport, and Logistics. One of the key endeavors of the AfCFTA is to enhance access to finance and markets for SMEs in a bid to enable their development and assistance to the socio-economic development of Africa. Muyiwa Akinyemi – Deputy Managing Director...

By Abdul Rahman Bangura– NEW AFRICA DAILY NEWS (NADN) Freetown, Sierra Leone – Augustine Chisanga 45, has exuberantly partaken in this year’s fair to promote his business and expand its customer base. “I am delighted to have the opportunity to showcase my traditional crafts to a wider audience. The trade fair has provided a platform for me to network and broaden my customer base,” Chisanga explained. Joyce Mulenga, a 60-year-old traditional food trader, from Kitwe, similarly in Copperbelt Province, promoted the importance of the trade fair in animating her business. “Participating in the trade fair has given me a chance to realize more profits from my business as it has enabled me to introduce my traditional food products to a wider audience, allowing me to generate more income,”...

By Abdul Rahman Bangura– NEW AFRICA DAILY NEWS (NADN) Freetown, Sierra Leone – The AfDB divulged, the affiliation would behold Africa’s exchange connection program, AELP, expand from seven to 15. It let out the budgets would come from the Korea African Economic Cooperation Fund (KOAFEC) Trust Fund, supervised by the AfDB. “Participating stock exchanges include the Botswana Stock Exchange, where the grant signing took place; the Ghana Stock Exchange and six other stock exchanges. “The grant will also support capacity building of institutional investors and capital market operators,” it explained. Thapelo Tsheole – the President of ASEA and Chief Executive Officer (CEO) of the Botswana Stock Exchange, pointed out that the coalition would be a springboard for developing the...