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By Richard Adorsu-   NEW AFRICA BUSINESS NEWS (NABN) Accra- Agriculture plays an integral role in East Africa’s economy as it accounts for over 30% of the region’s gross domestic product (GDP). The sector also employs over 80% of the region’s labor force and accounts for...

By Abdul Rahman Bangura– NEW AFRICA BUSINESS NEWS (NABN) Freetown, Sierra Leone- More than 100 years and more after the vices perpetrated by the German colonial power in what is now Namibia, Germany has formally acknowledged the monstrosities inflicted against the Herero and Nama...

By Abdul Rahman Bangura– NEW AFRICA BUSINESS NEWS (NABN) Freetown, Sierra Leone- The Governor of the Nigeria Central Bank – Emefiele announced this development on Thursday May 27th 2021 in Port-Harcourt at the liftoff of the Rivers Cassava Processing Company. According to...

By Abdul Rahman Bangura– NEW AFRICA BUSINESS NEWS (NABN) Freetown, Sierra Leone-  The Administration of Zimbabwe has successfully regained over eighty mining acquiescence under the “use-it or lose-it” policy and an established statement will be made in due course, Mines and...

By Richard Adorsu- NEW AFRICA BUSINESS NEWS (NABN) Accra- The Board of Directors of the African Development Bank Group has approved a new policy on water, prioritizing water security and the transformation of water assets to foster sustainable, green and inclusive economic growth...

By Abdul Rahman Bangura– NEW AFRICA BUSINESS NEWS (NABN) Freetown, Sierra Leone-  Since 2020, the ECO — the single currency in the West African area was announced with the Etats Généraux to hold on Wednesday May 26th,2021. “The first is the fact that we have had it...

By Brian MBowe- NEW AFRICA BUSINESS NEWS (NABN) DENVER Colorado, United States- Sierra Leone has approved to vend 250 acres of pristine beach and rainforest to China in a $55 million pact that would glimpse an industrial fishing harbor built on the site. This has provoked anger...

By Richard Adorsu- NEW AFRICA BUSINESS NEWS (NABN) Accra- President Akufo Addo of Ghana, Werner Hoyer, President of the European Investment Bank and Thomas Östros, Vice President, formally agreed to €170 million EIB backing for the new National Development Bank of Ghana. The EIB...

By Abdul Rahman Bangura– NEW AFRICA BUSINESS NEWS (NABN) Freetown, Sierra Leone- According sources in April, 2021 Algebra Ventures had confirmed the blastoff of its $90 million second allotment, targeting an initial closing in Q3 of 2021 and hopes to double down on the success of...

By Richard Adorsu- NEW AFRICA BUSINESS NEWS (NABN) Accra- Revego Africa Energy Limited (Revego), has announced its first major acquisition, in the form of a 12% stake in the 50 MW Bokpoort Concentrated Solar Power (CSP) asset in the Northern Cape for R204 million. Bokpoort CSP is...