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By Richard Adorsu- NEW AFRICA BUSINESS NEWS (NABN) Accra Ghana- The Ghana Exim Bank has said it will invest $10 million into the exports of yam. This comes after Ghana emerged as the highest exporter of yam within the sub region in 2021. To maintain this feat, Chief Executive...

By Richard Adorsu- NEW AFRICA BUSINESS NEWS (NABN) Accra Ghana-The Secretariat for the Common Market for Eastern and Southern Africa (COMESA) and the African Development Bank have launched phase one of the Africa Cloud Ecosystem Project, to be financed with a $550,000 grant from...

By Abdul Rahman Bangura– NEW AFRICA BUSINESS NEWS (NABN) Freetown, Sierra Leone – Since trust in Zimbabwe’s moolah is bad after people saw their savings snuffed out by hyperinflation in 2008 that attained five billion per cent, according to the IMF, some Zimbabweans crave...

By Richard Adorsu- NEW AFRICA BUSINESS NEWS (NABN) Accra Ghana- Dangote Industries Limited, has successful completed its $452 million (N187 billion) series 1 bond issuance which is the largest corporate bond ever issued in the history of the Nigerian capital market. This landmark...

By Richard Adorsu- NEW AFRICA BUSINESS NEWS (NABN) Accra Ghana- African Development Bank Group’s Board of Directors has approved 24, fast-track programs to help Africa mitigate rising food prices and inflation caused by Russia’s war in Ukraine, climate change and the Covid-19...

By Richard Adorsu- NEW AFRICA BUSINESS NEWS (NABN) Accra Ghana- The World Travel & Tourism Council (WTTC) has revealed the Travel & Tourism sector in Nigeria is expected to create 2.6 million new jobs over the next decade, doubling the number of those employed within the...

By Abdul Rahman Bangura– NEW AFRICA BUSINESS NEWS (NABN) Freetown, Sierra Leone – African Agricultural Technology Foundation(AATF) and the Administration of Senegal, through the Institut Sénégalais de Recherches Agricoles (ISRA) and Union Nationale Interprofessionnelle des...

By Richard Adorsu- NEW AFRICA BUSINESS NEWS (NABN) Accra Ghana- Angola’s national oil company Sonangol has announced the addition of a production unit at the country’s only operating oil refinery, the 65,000 barrel per day (bpd) Luanda Refinery. Built with support from Italian...

By Abdul Rahman Bangura–  NEW AFRICA BUSINESS NEWS (NABN) Freetown, Sierra Leone – As wheat prices are propelled by the war in Ukraine, bakers in Ivory Coast are beginning to utilize locally manufactured cassava flour to bake bread. The baguette, the stick of bread that is...

By Richard Adorsu- NEW AFRICA BUSINESS NEWS (NABN) Accra- Ghana records $3.3 billion from Non-Traditional Export (NTE), a revenue increase of 17 per cent in 2021. Non-Traditional Export revenue increased from US$2.8 billion in 2020 to US$3.3 billion in 2021. Data provided by the...