Investment

By Abdul Rahman Bangura– NEW AFRICA BUSINESS NEWS (NABN) Freetown, Sierra Leone- This payment is twofold what the Bank was gazing for and benefits a financial strategy where there is money the more glancing for long-term and risk-free enterprises. The bonds that were up for auction have an adultness duration of a...

By Abdul Rahman Bangura– NEW AFRICA BUSINESS NEWS (NABN) Freetown, Sierra Leone- The proposal is enterprising for this East African nation, which has an established capacity of 4.96 megawatts according to Power Africa. Nevertheless, this capacity is anticipated to crease with the commissioning of the Grand...

By Richard Adorsu- NEW AFRICA BUSINESS NEWS (NABN) Accra GHANA – African Infrastructure Investment Managers (AIIM), one of Africa’s largest infrastructure focused private equity fund managers, has successfully completed a capital increase of ZAR5.5bn (c.USD370m) for its flagship SADC infrastructure...

By Abdul Rahman Bangura– NEW AFRICA BUSINESS NEWS (NABN) Freetown, Sierra Leone- The federal government has stated that when fully harnessed, Nigeria has the capacity to generate as much as $18 billion from the export of its estimated 45 million metric tons of cassava products every year. The Minister of...

By Abdul Rahman Bangura– NEW AFRICA BUSINESS NEWS (NABN) Freetown, Sierra Leone- The issuing of 32,800 by the Administration of Angola is anticipated to benefit 200 peasants from the Angola’s 164 municipalities, Minister of Public Works and Spatial Planning divulged. Manuel Tavares de Almei...

By Abdul Rahman Bangura– NEW AFRICA BUSINESS NEWS (NABN) Freetown, Sierra Leone- Ekwochi, Access Bank’s Company Secretary in an announcement, clarified that BancABC Botswana is the fifth heftiest bank in Botswana as well as a well-capitalized authorization steadied for development in its local market....

By Richard Adorsu- NEW AFRICA BUSINESS NEWS (NABN) Accra GHANA – Ghanaian businesswoman and entrepreneur Roberta Annan launched a €100 million fund to channel investment into small and medium African creative and fashion enterprises in Africa. The Impact Fund for African Creatives (IFFAC), will award grants...

By Abdul Rahman Bangura– NEW AFRICA BUSINESS NEWS (NABN) Freetown, Sierra Leone- The African Development Bank said it will support trade valued at $7 billion over the next five years in a bid to spur the growth of the world’s biggest free-trade area. Established in 1964, the AfDB will ensure loans provided to...

By Richard Adorsu- NEW AFRICA BUSINESS NEWS (NABN) Accra GHANA – Angola has signed a Memorandum of Understanding (MoU) with solar project developer, Sun Africa, and U.S.-based AfricaGlobal Schaffer, for a $1.5 Billion mini-grid project to supply solar electricity and drinking water to the southern provinces...