Investment

By Abdul Rahman Bangura- NEW AFRICA BUSINESS NEWS (NABN) Freetown, Sierra Leone- Discovered South of the capital of Dakar, the port was establish to evolve the biggest port enterprise DP World has ever made in Africa. The administration of Senegal in 2022 and DP World placed the initial boulder marring what they...

By Abdul Rahman Bangura- NEW AFRICA BUSINESS NEWS (NABN) Freetown, Sierra Leone- In connection with the banner headline, a supplementary co-financing of $30 million for the credit line will attain through the Africa Growing Together Fund (AGTF) from the People’s Bank of China (PBOC). Thus, EBID will utilize the...

By Abdul Rahman Bangura- NEW AFRICA BUSINESS NEWS (NABN) Freetown, Sierra Leone- Discussing at the virginal publication of the Africa Prosperity Dialogues, with the theme: “Moving from Ambition to Action: The Role of Telecommunications in Deepening IntraAfrican Trade, Challenges and Opportunity,” Ralph Mupita...

By Richard Adorsu- NEW AFRICA BUSINESS NEWS (NABN) Accra GHANA- The Central Bank of Nigeria (CBN) has launched a national domestic payments card program called AfriGo, meant to help the country gain a competitive edge in a market dominated by Visa and Mastercard. The AfriGo card has the potential to disrupt and...

By Abdul Rahman Bangura- NEW AFRICA BUSINESS NEWS (NABN) Freetown, Sierra Leone- Dialogues stood around the “Common Currency and Inter-bank Payment System as Promoters of Regional Trade by 2027”. Tunis – the speaker of The ECOWAS Parliament said, they are venturing on these conversations simply,...

By Abdul Rahman Bangura- NEW AFRICA BUSINESS NEWS (NABN) Freetown, Sierra Leone- The Dakar 2 Feed Africa Summit ended on Friday with a $30 billion pledge by the African Development Bank (AfDB) and development partners to finance food and agribusiness on the continent in the next five years. Of the amount announced...

By Abdul Rahman Bangura- NEW AFRICA BUSINESS NEWS (NABN) Freetown, Sierra Leone-Disclosed in Kigali Rwanda, in the previous week, during a private sector sensitization workshop on African Continental Free Trade Area (AfCFTA). EAC exports to Africa comprised precious stones, coffee, tea, mineral oil, iron, steel,...

By Abdul Rahman Bangura- NEW AFRICA BUSINESS NEWS (NABN) Freetown, Sierra Leone- President Ruto told, Africa has the probable to produce excess food for export remarking that, it cod generate additional revenue and create jobs, particularly for the youth. Speaking during the Dakar 2 Summit – Feed Africa in Senegal...

By Richard Adorsu- NEW AFRICA BUSINESS NEWS (NABN) Accra GHANA- Africa is set to outperform the rest of the world in economic growth over the next two years, with real gross domestic product (GDP) averaging around 4% in 2023 and 2024. This is higher than projected global averages of 2.7% and 3.2%, the African...