Investment

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...

By Abdul Rahman Bangura– NEW AFRICA BUSINESS NEWS (NABN) Freetown, Sierra Leone- The search engine giant, a unit of Alphabet Inc., inaugurated the Africa Investment Fund, that will subsidize $50 million in startups and empower those corporations with access to Google employees, its network, and other technologies....

By Abdul Rahman Bangura– NEW AFRICA BUSINESS NEWS (NABN) Freetown, Sierra Leone- Angola’s Parliament on September 1st, 2021 ratified a law to strengthen the central bank’s sovereignty by rewriting the way the governor is designated and the statute of the bank. During a meeting of the central bank’s monetary...

By Richard Adorsu- NEW AFRICA BUSINESS NEWS (NABN) Accra GHANA – The Government of Mauritania, through the Ministry of Petroleum, Mines & Energy and Chariot, the Africa focused transitional energy company, announced the signing of a Memorandum of Understanding (MoU) to progress a potential green hydrogen...

By Abdul Rahman Bangura– NEW AFRICA BUSINESS NEWS (NABN) Freetown, Sierra Leone- The African Development Bank (AfDB) asserted in an announcement tagged ‘African Legal Support Facility celebrates achievements as it begins new 14-year mandate.’ The statement read, “African leaders lauded the African Legal Support...

By Abdul Rahman Bangura– NEW AFRICA BUSINESS NEWS (NABN) Freetown, Sierra Leone-  The Pipeline to be constructed from Hoima District of Uganda to the Port of Tanga in Tanzania will cover 1,445km at $3.5 billion. The project is credited to be the lengthiest electrically heated pipeline in the world. It is heated as...

By Richard Adorsu- NEW AFRICA BUSINESS NEWS (NABN) Accra GHANA – The East African Business Council and East African Tourism Platform have signed a memorandum of understanding geared to market the EAC bloc as a single and most attractive tourist destination. Speaking at the signing ceremony in Nairobi, Mr....