Investment

By Abdul Rahman Bangura– NEW AFRICA BUSINESS NEWS (NABN) Freetown, Sierra Leone- In an announcement, the ministry remarked that the figure exemplified an improvement of about 250,000 tones over the same period in 2020. Among the main crops that have been sent abroad during that period were citrus fruits, potatoes,...

By Richard Adorsu-   NEW AFRICA BUSINESS NEWS (NABN) Accra- Agriculture plays an integral role in East Africa’s economy as it accounts for over 30% of the region’s gross domestic product (GDP). The sector also employs over 80% of the region’s labor force and accounts for about 65% of all foreign exchange...

By Abdul Rahman Bangura– NEW AFRICA BUSINESS NEWS (NABN) Freetown, Sierra Leone- More than 100 years and more after the vices perpetrated by the German colonial power in what is now Namibia, Germany has formally acknowledged the monstrosities inflicted against the Herero and Nama ethnic groups as genocide. The...

By Abdul Rahman Bangura– NEW AFRICA BUSINESS NEWS (NABN) Freetown, Sierra Leone- The Governor of the Nigeria Central Bank – Emefiele announced this development on Thursday May 27th 2021 in Port-Harcourt at the liftoff of the Rivers Cassava Processing Company. According to the Food and Agriculture...

By Abdul Rahman Bangura– NEW AFRICA BUSINESS NEWS (NABN) Freetown, Sierra Leone-  The Administration of Zimbabwe has successfully regained over eighty mining acquiescence under the “use-it or lose-it” policy and an established statement will be made in due course, Mines and Mining Development Minister –...

By Richard Adorsu- NEW AFRICA BUSINESS NEWS (NABN) Accra- The Board of Directors of the African Development Bank Group has approved a new policy on water, prioritizing water security and the transformation of water assets to foster sustainable, green and inclusive economic growth in regional member countrie...

By Abdul Rahman Bangura– NEW AFRICA BUSINESS NEWS (NABN) Freetown, Sierra Leone-  Since 2020, the ECO — the single currency in the West African area was announced with the Etats Généraux to hold on Wednesday May 26th,2021. “The first is the fact that we have had it since 1945, but that it has not...

By Brian MBowe- NEW AFRICA BUSINESS NEWS (NABN) DENVER Colorado, United States- Sierra Leone has approved to vend 250 acres of pristine beach and rainforest to China in a $55 million pact that would glimpse an industrial fishing harbor built on the site. This has provoked anger from conservationists, human rights...

By Richard Adorsu- NEW AFRICA BUSINESS NEWS (NABN) Accra- President Akufo Addo of Ghana, Werner Hoyer, President of the European Investment Bank and Thomas Östros, Vice President, formally agreed to €170 million EIB backing for the new National Development Bank of Ghana. The EIB backing represents the largest ever...