Investment

By Richard Adorsu- NEW AFRICA BUSINESS NEWS (NABN) Accra- African Export-Import Bank (Afreximbank) is backing the African Organization for Standardization (ARSO) to harmonize standards in the automotive sector in Africa in order to facilitate an accelerated development of the sector across the continent. The...

By Abdul Rahman Bangura– NEW AFRICA BUSINESS NEWS (NABN) Freetown, Sierra Leone- From a statement released by Tanzania’s Ministry of Foreign Affairs, Tanzania was voted unopposed, in 1991. And this year, Tanzania, has been elected Vice President of the 76th UNGA76 in an election that was carried on June 7th,...

By Abdul Rahman Bangura– NEW AFRICA BUSINESS NEWS (NABN) Freetown, Sierra Leone- The Ecobank Transnational Incorporated – a notable Pan-African banking group and parent company of the Ecobank Group, has published its project to increase $300 million from the international debt capital markets through the...

By Abdul Rahman Bangura– NEW AFRICA BUSINESS NEWS (NABN) Freetown, Sierra Leone- Thermal coal miners have been striving to get at investor blessing amidst the thriving climate skepticisms and a switch towards sustainable investing, with global mining giants unlade such assets as they transition out of the most...

By Richard Adorsu- NEW AFRICA BUSINESS NEWS (NABN) Accra- Kenya Electricity Generating Company PLC (KenGen) has started drilling the first geothermal well for Ethiopia Electric Power (EEP) company, setting in motion Phase II of Ksh.7.6 billion contract. The company has so far drilled 29 metres against a possible...

By Abdul Rahman Bangura– NEW AFRICA BUSINESS NEWS (NABN) Freetown, Sierra Leone- The Memorandum of Understanding between the Sierra Leonean Envoy on Entertainment & Investment and the Maryland based firm, GsVictory International LLC would boost investment in Entertainment, a forthright commercial flight from...

By Abdul Rahman Bangura– NEW AFRICA BUSINESS NEWS (NABN) Freetown, Sierra Leone- The grant sought at establishing the 50-megawatt Malagarasi hydropower plant and an evacuation transmission line and expanding 4,250 rural electrification connections. The grant comprises a $120 million sovereign loan from AfDB and...

By Richard Adorsu- NEW AFRICA BUSINESS NEWS (NABN) Accra- Dangote Sugar Refinery Plc has urged, the Nigerian government to faithfully follow through with the Backward Integration Policy in the sugar industry as the nation stands to rake in foreign exchange up to $700millon yearly from Sugar production...

By Abdul Rahman Bangura– NEW AFRICA BUSINESS NEWS (NABN) Freetown, Sierra Leone- Ratified by the administration of Burkina Faso, the single-cross hybrid also suited the first of its kind to be approved in West and Central Africa (WCA). Nafagnon harvests as much as 45% loftier than popular variety Misari-1. It is...