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23 - 30 January 2008 
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News Round Up

It’s a Boom for Small Traders

The Ghana 2008 Africa Cup of Nations, which kicked off on 21st January has opened another avenue for the ‘petty’ traders to make huge sales, thanks to a new wave of nationalism that has gripped Ghanaians. Fans are purchasing t-shirts worn by their favourite soccer players from different African countries. The football stars are seen as idols and role models to follow and emulate especially by the youth and children. Both the former and currents stars like Weah, Abedi Pele, Kalusha, Anthony Boafo, Drogba, Kanu, Okocha, Anthony Yeboah, Etoo, Essien and many others use their positions as role models in diverse areas of development and peace.

Celtel Africa Challenge, Round Two

Celtel Kenya, a mobile service provider has sponsored another season of Celtel Africa Challenge, an educational competition between universities in the East African region. However, this year’s competition has extended boundaries to Zambia and Malawi, as a means to help build Celtel’s presence in the continent. On a sponsorship of close to $4 Million, the monies will be directed towards the filming of the competition and awards to winning participants. Kenya will be represented by four universities this year. 

SMS Banking Lands in Gambia  

Gambians are a happy lot with the launch of SMS Banking, where through your mobile phone you will be able to view your account balance, receive details of your last five transactions, transfer funds from account to account, view up to date foreign exchange rates, and also be able to top up your mobile phone air time using money in your bank account.  The Gambians lauded the arrival of SMS Banking through Trust Bank Ltd, as a step forward in changing the banking.

Agriculture in Defense of Banks  

The banking sector has been defended in its involvement in the farming sector aiming at its quick development. The provincial director of Agriculture and Rural Development in eastern Moxico province, António da Silva argued that the intervention of banking and trading sectors will enable the local peasants to overcome the difficulties they experienced in their sector. Banks have in the recent past been helping in concession of loans and supply of farming tools. 

Nigeria Gets a Boost in Mobile Industry

Nigeria’s National Communication Commission's (NCC) has made a laudable move to license more investors in the mobile telephone services sector. Even as many Nigerians have seen the move by the telecommunication industry as a welcome development towards providing quality service delivery, other  competitors see it as an attempt to compound the already troubled sector.




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