Investment

By Richard Adorsu- NEW AFRICA BUSINESS NEWS (NABN) Accra Ghana- Dangote Industries Limited, has successful completed its $452 million (N187 billion) series 1 bond issuance which is the largest corporate bond ever issued in the history of the Nigerian capital market. This landmark transaction represents the first...

By Richard Adorsu- NEW AFRICA BUSINESS NEWS (NABN) Accra Ghana- African Development Bank Group’s Board of Directors has approved 24, fast-track programs to help Africa mitigate rising food prices and inflation caused by Russia’s war in Ukraine, climate change and the Covid-19 pandemic. The first round of approvals...

By Richard Adorsu- NEW AFRICA BUSINESS NEWS (NABN) Accra Ghana- The World Travel & Tourism Council (WTTC) has revealed the Travel & Tourism sector in Nigeria is expected to create 2.6 million new jobs over the next decade, doubling the number of those employed within the sector by 2032. The forecast from...

By Abdul Rahman Bangura– NEW AFRICA BUSINESS NEWS (NABN) Freetown, Sierra Leone – African Agricultural Technology Foundation(AATF) and the Administration of Senegal, through the Institut Sénégalais de Recherches Agricoles (ISRA) and Union Nationale Interprofessionnelle des Semences du Sénégal (UNIS), have...

By Richard Adorsu- NEW AFRICA BUSINESS NEWS (NABN) Accra Ghana- Angola’s national oil company Sonangol has announced the addition of a production unit at the country’s only operating oil refinery, the 65,000 barrel per day (bpd) Luanda Refinery. Built with support from Italian energy major, Eni, the unit will...

By Abdul Rahman Bangura–  NEW AFRICA BUSINESS NEWS (NABN) Freetown, Sierra Leone – As wheat prices are propelled by the war in Ukraine, bakers in Ivory Coast are beginning to utilize locally manufactured cassava flour to bake bread. The baguette, the stick of bread that is much loved in the former French...

By Richard Adorsu- NEW AFRICA BUSINESS NEWS (NABN) Accra- Ghana records $3.3 billion from Non-Traditional Export (NTE), a revenue increase of 17 per cent in 2021. Non-Traditional Export revenue increased from US$2.8 billion in 2020 to US$3.3 billion in 2021. Data provided by the Bank of Ghana and the Ministry of...

By Richard Adorsu- NEW AFRICA BUSINESS NEWS (NABN) Accra GHANA- The East African Community has unveiled the Regional Bioeconomic Strategy 2021/22-2031/3 at the EAC Headquarters in Arusha, Tanzania. The strategy will offer an opportunity for Partners States to achieve their individual aspirations, making use of the...

By Richard Adorsu- NEW AFRICA BUSINESS NEWS (NABN) Accra GHANA- AFEX, Nigeria’s commodities exchange and commodities market player, has announced its expansion into Kenya, following a successful pilot phase in the most diversified economy in East Africa. As part of the expansion, AFEX Fair Trade Limited...