• Home
  • Radio
  • TV
  • Advertisement
  • Disclaimer
  • Public Notice
    • Opinion
  • New Africa Business News
  • Contact
  • Log In
facebook
    • News
    • Business
    • Video
    • Entertainment
    • Sport
    • Jobs
    • Government
    • Immigrants
    • Investment
    • Gallery
      • Animal
      • Africa Map
    • NGO
    BREAKING NEWS
    South Africa’s Informal Economy Shows Signs of Movement to Switch toward Cashless Economy, Study
    $11.70 million Expended by the Africa Development Bank to Facilitate Access to Fertilizers for African Agricultural Producers
    TRANSCO – CLSG wields Impressive Coordination Meetings for the Development of the Gambia River
    650,000 BPD Dangote Petroleum Refinery and Petrochemicals plant Commissioned by Erstwhile Nigeria’s President Buhari
    …Curtail the usage of Charcoal and save the Environment Immense Liquefied Gas Depot opened in Tanga City of Tanzania
    $3.5 Billion in reimbursements to White Agriculturalist by the African Development Bank as Financial Instruments to “Fast Track and Front Load” to White Agriculturalist land…was taken from them by the Zimbabwe Administration President of AfDB disclosed
    Dangote Industries is Set to Open Africa’s Largest Oil Refinery
    Head of Liberia Electricity Corporation (LEC) – Monie R Captan, conveyed assurance in Liberians taking over the electricity Operations after Ten Years of Foreign Management
    NSIA Group Strengthened its African Footprint by Bolstering Four Insurance Subsidiaries of Sanlam Group in Togo Gabon Congo and Guinea
    Easy Solar Sierra Leone climaxes as one of Africa’s ten fastest-growing companies in 2023 Financial Times disclosed

    Africa Development Bank Strives Promptly for Industrialization of the African Landmass

    Posted On 24 Nov 2020
    By : New Africa Business News, Staff Correspondent
    Comments: 12

    By Abdul Rahman Bangura–

    Photo Credit: UNIDO

    NEW AFRICA BUSINESS NEWS (NABN) Freetown, Sierra Leone- As a facet of its workouts to record Africa Industrialization Day 2020, the African Development Bank (AfDB) has exhorted the African mainland to expedite
    industrialization for the modification of African thrifts.

    “Industrialization, where we add value to what we competitively produce and then export, and also trade among ourselves on the back of the African Continental Free Trade Area (AfCFTA) within a market of 1.3 billion people, should be prioritized and delivered,” announced Solomon Quaynor – the bank’s Vice President, Private Sector,
    Infrastructure & Industrialization, in a statement marking Africa Industrialization Day.

    Quaynor emphasized that the COVID-19 crisis had honed the necessity to stimulate industrialization and advised a greater role for the private sector, comprising as a partner to the public sector.

    “Resilience is key, and that means no matter the external shocks in the future, we should rebuild so that our people, particularly youth and women who have our households, have jobs and better incomes,” he announced.

    The AfDB figures Industrializing Africa as one of its High-5 key strategic aims, critical for the transformation of African economies. The bank proceeds to fund operationalization of the AfCFTA. In August 2019, the institution expanded a $ 4.8 million grant to support the establishment in Ghana of the AfCFTA Secretariat. The bank is working with African countries that are nurturing policies for enactment of the AfCFTA, enabling them to build
    capacity and clout opportunities furnished by self-reliant trade.

    When businesses can trade across borders, then the industry can expand, economies can fix, and countries can move up the value chain, according to the Bank’s 2020 Annual Development Effectiveness Review (ADER) published last week. The report suggests that the bank’s investments in 2019 benefited one million people. Micro, Small, and Medium Enterprises (MSMEs) that benefited from bank projects trebled their turn over to $1 billion.

     

    For New Africa Business News (NABN) Abdul Rahman Bangura Reports,  Africa Correspondent

    Facebook: newafricabusinessnews.com

    Email: Info@newafricabusinessnews.com

    AFRICA’S MOST READ AND FASTEST GROWING GLOBAL NEWSPAPER – www.newafricabusinessnews.com

    About the Author
    New Africa Business News Staff Correspondent
    • google-share
    Previous Story

    Nigeria through the Ministry of Petroleum Resources autographed a Memorandum of Understanding with the Administration of Niger Republic for Petroleum Products Importation

    Next Story

    United Bank for Africa Regurgitated Allegiance to Grassroots Broadening its Agency Banking Network to Twenty African Nations

    12 Comments

    1. Noel November 24, 2020 at 1:16 am Reply

      Thanks for reporting. I totally agree with African development bank, time to expedite industrialization and modification. Noel in Dodoma, Tanzania

      • New Africa Business News, Staff Correspondent November 24, 2020 at 1:17 am Reply

        Thanks for reading, Africa’s fastest growing online newspaper. Please forward http://www.newafricabusinessnews.com

    2. Aku November 24, 2020 at 1:23 am Reply

      Industrialization is the key, for any mass sustainable development. Accra Ghana. Aku

      • New Africa Business News, Staff Correspondent November 24, 2020 at 1:24 am Reply

        Thanks for reading, Africa’s fastest growing online newspaper. Please forward http://www.newafricabusinessnews.com

    3. Andre November 24, 2020 at 1:27 am Reply

      Thank you for signing me to the newsletter. British Columbia, Canada. Andre

      • New Africa Business News, Staff Correspondent November 24, 2020 at 1:27 am Reply

        Thanks for reading, Africa’s fastest growing online newspaper. Please forward http://www.newafricabusinessnews.com

    4. Jonathan November 24, 2020 at 1:32 am Reply

      Infrastructure and Industrialization should be our main priority in Africa. I know we would get their. Thanks to our smart youths. Lagos NIGERIA. Jonathan

      • New Africa Business News, Staff Correspondent November 24, 2020 at 1:32 am Reply

        Thanks for reading, Africa’s fastest growing online newspaper. Please forward http://www.newafricabusinessnews.com

    5. Balde November 24, 2020 at 1:38 am Reply

      Industrialization and African Continental Free Trade Area, would lift millions out of poverty. Now or never. Tanzania is taking the lead. Let’s do it. Thank you, always for the report. Conakry Guinea. Balde

      • New Africa Business News, Staff Correspondent November 24, 2020 at 1:39 am Reply

        Thanks for reading, Africa’s fastest growing online newspaper. Please forward http://www.newafricabusinessnews.com

    6. Arno November 24, 2020 at 1:44 am Reply

      Thank you for the reports and thank you for the newsletters. Grahamstown, South Africa. Arno

      • New Africa Business News, Staff Correspondent November 24, 2020 at 1:45 am Reply

        Thanks for reading, Africa’s fastest growing online newspaper. Please forward http://www.newafricabusinessnews.com

    Leave a Reply Cancel reply

    *
    *

    Members Area

    • Members Log In

    RECENT

    POPULAR

    COMMENTS

    South Africa’s Informal Economy Shows Signs of Movement to Switch toward Cashless Economy, Study

    Posted On 26 May 2023

    $11.70 million Expended by the Africa Development Bank to Facilitate Access to Fertilizers for African Agricultural Producers

    Posted On 25 May 2023

    TRANSCO – CLSG wields Impressive Coordination Meetings for the Development of the Gambia River

    Posted On 24 May 2023

    New Africa Business News, Africa Leader of the Year 2022-2023 Goes to Ethiopia's Prime Minister Dr. Abiy Ahmed

    Posted On 24 Feb 2023

    New Africa Business News 2022-2023 Person of The Year Goes to Professor Patrick Loch Otieno Lumumba (PLO Lumumba)

    Posted On 05 Jan 2023

    New Africa Business News, Person of the Year 2021-2022, Goes to African Women

    Posted On 29 Jan 2022

    Thanks for reading, Africa’s fastest...

    Posted On 26 Feb 2023

    Thanks for reading, Africa’s fastest...

    Posted On 26 Feb 2023

    Thanks for reading, Africa’s fastest...

    Posted On 26 Feb 2023

    Facebook

    Latest Posts

    South Africa’s Informal Economy Shows Signs of Movement to Switch toward Cashless Economy, Study

    $11.70 million Expended by the Africa Development Bank to Facilitate Access to Fertilizers for African Agricultural Producers

    TRANSCO – CLSG wields Impressive Coordination Meetings for the Development of the Gambia River

    Recent Posts

    • South Africa’s Informal Economy Shows Signs of Movement to Switch toward Cashless Economy, Study
    • $11.70 million Expended by the Africa Development Bank to Facilitate Access to Fertilizers for African Agricultural Producers
    • TRANSCO – CLSG wields Impressive Coordination Meetings for the Development of the Gambia River
    • 650,000 BPD Dangote Petroleum Refinery and Petrochemicals plant Commissioned by Erstwhile Nigeria’s President Buhari
    • …Curtail the usage of Charcoal and save the Environment Immense Liquefied Gas Depot opened in Tanga City of Tanzania

    Categories

    • Business
    • Education
    • Entertainment
    • Featured
    • Government
    • Immigrants
    • Investment
    • News
    • NGO
    • Obituary
    • Opinion
    • Public Notice
    • Sport
    • Video

    Tag Cloud

    african economy business africa

    Contact Form

    1. Name *
      * Please enter your name
    2. Email *
      * Please enter a valid email address
    3. Message *
      * Please enter message
    Copyright 2019 New Africa Business News, Inc. A Global International Company, Inc. All Rights Reserved.