Investment

By Abdul Rahman Bangura- NEW AFRICA BUSINESS NEWS (NABN) Freetown, Sierra Leone- Osinbajo has been appointed as the Chairman of the Board of Directors of Climate Action Platform for Africa (CAP-A), a public benefit organization working to open Africa’s potential as an international intersection for climate action....

By Richard Adorsu- NEW AFRICA BUSINESS NEWS (NABN) Accra GHANA- The African Development Bank and Google have formalized cooperation aimed at advancing digital transformation in Africa. The parties signed a Letter of Intent during the Global Africa Business Initiative at the United Nations General Assembly in New...

By Abdul Rahman Bangura- NEW AFRICA BUSINESS NEWS (NABN) Freetown, Sierra Leone- “The reason people are accumulating dollars is not because they need it now, it is because of lack of confidence,” Elumelu let out in an interrogation with Bloomberg TV in New York. The new central bank team is “very capable” and will...

By Abdul Rahman Bangura- NEW AFRICA BUSINESS NEWS (NABN) Freetown, Sierra Leone- …Africa International Exhibition at the just concluded 78th United Nations General Assembly Intra-African Trade Bank – Kanayo Awani Afreximbank’s Executive Vice President divulged that SMEs’ participation in global trade faced...

By Abdul Rahman Bangura- NEW AFRICA BUSINESS NEWS (NABN) Freetown, Sierra Leone- …Reserve Bank of Malawi (RBM) notices stopping the sale of cash export profit to foreign exchange bureaux, virtually banning people who get foreign currency directly from exporters from swapping it with kwachas in the bureaux. The...

By Abdul Rahman Bangura- NEW AFRICA BUSINESS NEWS (NABN) Freetown, Sierra Leone- Intending for of advancing oil and gas projects across oil-producing member nations, Dr. Omar Ibrahim – Secretary General of APPO disclosed in alliance with Afreximbank in a press conference carried on the sidelines of the 24th World...

By Abdul Rahman Bangura- NEW AFRICA BUSINESS NEWS (NABN) Freetown, Sierra Leone- “This financing is the first of two successive operations to support the general budget for fiscal years 2023 and 2024, each worth around $20 million,” AfDB report sent out on Monday September 18th, 2023. The program is geared towards...

By Richard Adorsu- NEW AFRICA BUSINESS NEWS (NABN) Accra GHANA- The telecoms sector’s contribution to the nation’s Gross Domestic Product (GDP) has increased significantly to 16 per cent in the second quarter of 2023, according to the data reported by the Nigerian Communications Commission (NCC) based on the...

By Abdul Rahman Bangura- NEW AFRICA BUSINESS NEWS (NABN) Freetown, Sierra Leone- From the Office of Vice President, it was believed that the Vice President of Tanzania Mpango appealed in the 5th Budapest Demographic Summit, a symposium held in the The Hungarian capital of Budapest, where politicians and experts...