Investment

By Abdul Rahman Bangura– NEW AFRICA BUSINESS NEWS (NABN) Freetown, Sierra Leone- Gross incomes from the export of oil amounted to $6.73 billion, with the deal of 97.998 million barrels of crude oil during the following quarter of 2020, an increase of 0.11% against the initial three months of the year. The volume...

By Richard Adorsu- NEW AFRICA BUSINESS NEWS (NABN) Accra GHANA – A new initiative aimed at establishing a harmonized framework, that will improve regulation of fertilizers across Southern Africa, has been launched in Malawi by the Food and Agriculture Organization of the United Nations (FAO), the Southern...

By Abdul Rahman Bangura– NEW AFRICA BUSINESS NEWS (NABN) Freetown, Sierra Leone- The Executive Vice President for Afreximbank – Denys Denya, divulged that, the pilot will be finalized by the end of 2021. Denya announced, the Pan African Payment and Settlement System formulated by the Afreximbank and the...

By Abdul Rahman Bangura– NEW AFRICA BUSINESS NEWS (NABN) Freetown, Sierra Leone- The African Development Bank (AfDB) begets monetary approvals for a $20 million concessional enterprise from the Sustainable Energy Fund for Africa (SEFA) for the COVID-19 Off-Grid Recovery Platform (CRP). According to a press...

By Richard Adorsu- NEW AFRICA BUSINESS NEWS (NABN) Accra GHANA – The Government of Ghana has announced that it will dedicate a minimum of one per cent of the country’s Gross Domestic Product (GDP) to supporting research, science, technology, and innovative activities. To that end, the government was putting...

By Abdul Rahman Bangura– NEW AFRICA BUSINESS NEWS (NABN) Freetown, Sierra Leone- Egypt has swiveled to classified creators to build expensive residential communities within the prominent new capital, which is designed for more than six million people to live in over 168 square kilometers beyond Cairo’s outer...

By Abdul Rahman Bangura– NEW AFRICA BUSINESS NEWS (NABN) Freetown, Sierra Leone- Tanzania is dawdle for the September House to uphold the African Continental Free Trade Area (AfCFTA) that is lauded as a game changer in the continent’s trade. Exaud Kigahe Industry and Trade Deputy Minister warned on August...

By Abdul Rahman Bangura– NEW AFRICA BUSINESS NEWS (NABN) Freetown, Sierra Leone-The Department of Mineral Resources and Energy has gazette the Amended Schedule 2 of the Electricity Regulation Act (ERA) 4 of 2006, which will do away with licensing needs for embedded electricity generation of up to 100 megawatts....

By Richard Adorsu- NEW AFRICA BUSINESS NEWS (NABN) Accra GHANA – According to a recent report, Africa needs 700 data center facilities to meet growing demand for capacity and density in today’s digitally-driven operating environment. This is easier said than done given the power, land, and water requirements...