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By Richard Adorsu- NEW AFRICA BUSINESS NEWS (NABN) Accra GHANA- Prominent African and global institutional investors signed subscription agreements and letters of intent in preparation for the first close of the Africa50 Infrastructure Acceleration Fund (IAF or the “Fund”), set...

By Abdul Rahman Bangura- NEW AFRICA BUSINESS NEWS (NABN) Freetown, Sierra Leone– The consensus with AfCFTA is on the sidelines of the 30th Afreximbank Annual Meeting (AAM) held in Accra, Ghana. According to this pact, the two institutions are to stimulate the growth of SMEs...

By Abdul Rahman Bangura- NEW AFRICA BUSINESS NEWS (NABN) Freetown, Sierra Leone– Augustine Chisanga 45, has exuberantly partaken in this year’s fair to promote his business and expand its customer base. “I am delighted to have the opportunity to showcase my traditional crafts to...

By Abdul Rahman Bangura- NEW AFRICA BUSINESS NEWS (NABN) Freetown, Sierra Leone– The AfDB divulged, the affiliation would behold Africa’s exchange connection program, AELP, expand from seven to 15. It let out the budgets would come from the Korea African Economic Cooperation Fund...

By Abdul Rahman Bangura- NEW AFRICA BUSINESS NEWS (NABN) Freetown, Sierra Leone– The Olwiyo substation in Northern Uganda, which is already regulating at 132kV, will be the derivation of electricity for the 400kV Olwiyo-Juba transmission line, which would circulate power to Juba....

By Abdul Rahman Bangura- NEW AFRICA BUSINESS NEWS (NABN) Freetown, Sierra Leone– …at the blastoff of the Africa Trade Gateway as part of Afreximbank’s Annual Meetings 2023 (AAM2023) at the Accra International Conference Centre on June 20th, Edgal accentuated the importance of...

By Abdul Rahman Bangura- NEW AFRICA BUSINESS NEWS (NABN) Freetown, Sierra Leone– …addenda to the corporation’s prevailing hubs in Kenya, Nigeria, South Africa, Tanzania, Botswana, and the UK and strengthens the establishment’s existence in Francophone West Africa, improving its...

By Abdul Rahman Bangura- NEW AFRICA BUSINESS NEWS (NABN) Freetown, Sierra Leone– REEEEA- A desires to subsidize $4.93 billion annually in the next seven years to fulfill the target of transmitting 20,000 megawatts (MW) to over 200 million population. The Nigeria Electricity...

By Richard Adorsu- NEW AFRICA BUSINESS NEWS (NABN) Accra GHANA- The Board of Directors of the African Development Bank has approved a $23.04 million loan to Prime Meridian Docks AssetCo Ltd (PMD), a special purpose entity to co-finance the construction of a modern floating dock...

By Abdul Rahman Bangura- NEW AFRICA BUSINESS NEWS (NABN) Freetown, Sierra Leone– This is the lowest grade since the beginning of the year, after 18,101 tons in January, 16,185 tons in February, 19,227 tons in March, and 13,928 tons in April. The circumstance is primarily...