Investment

By Richard Adorsu- NEW AFRICA BUSINESS NEWS (NABN) Accra GHANA- Ethiopian and Nigerian central banks have agreed to swap funds trapped in their respective states, which will see Ethiopian Airlines (ET) recover up to $100 million trapped in Nigeria. Both countries have blocked a significant amount of airline funds,...

By Abdul Rahman Bangura- NEW AFRICA BUSINESS NEWS (NABN) Freetown, Sierra Leone– “Embracing New Gas Markets in the Energy Transition Discourse, the Role of Stakeholders,” the theme of the event convened key industry actors to communicate the important function of stakeholders in Ghana’s energy transition journey....

By Abdul Rahman Bangura- NEW AFRICA BUSINESS NEWS (NABN) Freetown, Sierra Leone– William Ruto – Kenya’s president on a state call to Congo-Brazzaville has declared openly the removal of visa restrictions to alleviate the movement of people between Kenya and Congo. Approved on entrance by his match...

By Abdul Rahman Bangura- NEW AFRICA BUSINESS NEWS (NABN) Freetown, Sierra Leone– The theme of the summit is, “Trade and Non-Oil: Changing the Narratives for Rapid National Development.” Adesina, was represented by Lamin Barrow, Director-General, Nigeria Country Department of AfDB. The AfDB’s...

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 up to catalyze further investment...

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 operating in four sectors under the 1st...

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 a wider audience. The trade fair...

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 (KOAFEC) Trust Fund, supervised by...

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. Pursuing a December 2015...