Investment

By Abdul Rahman Bangura– NEW AFRICA BUSINESS NEWS (NABN) Freetown, Sierra Leone- According sources in April, 2021 Algebra Ventures had confirmed the blastoff of its $90 million second allotment, targeting an initial closing in Q3 of 2021 and hopes to double down on the success of its outstanding budget. Four years...

By Richard Adorsu- NEW AFRICA BUSINESS NEWS (NABN) Accra- Revego Africa Energy Limited (Revego), has announced its first major acquisition, in the form of a 12% stake in the 50 MW Bokpoort Concentrated Solar Power (CSP) asset in the Northern Cape for R204 million. Bokpoort CSP is one of South Africa’s premier CSP...

By Abdul Rahman Bangura– NEW AFRICA BUSINESS NEWS (NABN) Freetown, Sierra Leone- The beginning is a $276 million financing agreement for the Kampala City Roads Rehabilitation Project; and the second, valued at $71.8 million, is for improving the Kabale-Lake Bunyonyi/Kisoro-Mgahinga road. The Kampala City Roads...

By Richard Adorsu- NEW AFRICA BUSINESS NEWS (NABN) Accra- Invest Africa, the business and investment platform for African markets, and Absa Group, one of Africa’s largest diversified financial services groups, have announced a strategic collaboration, aimed at supporting the development of business and investment...

By Abdul Rahman Bangura– NEW AFRICA BUSINESS NEWS (NABN) Freetown, Sierra Leone- According to NAN, Osinbajo stated this In his keynote address at the virtual 7th Annual New York-based Columbia University Global Energy Summit organized by the Columbia Centre on Global Energy Policy on May18th, 2021 in Abuja, NAN...

By Richard Adorsu- NEW AFRICA BUSINESS NEWS (NABN) Accra- GoldStone Resources announced that mining and ore stacking at the Homase Mine within its Akrokeri-Homase Gold Project (AKHM), in Ghana has commenced with the first mined ore having been successfully stacked onto the heap leach pad. The first eight months...

By Abdul Rahman Bangura– NEW AFRICA BUSINESS NEWS (NABN) Freetown, Sierra Leone- Unity Bank Plc has promised to provide additional funding to about 120,000 smallholder maize farmers in the 2021 wet season farming in the country. Mrs. Tomi Somefun – The Managing Director and Chief Executive Officer Unity Bank Plc...

By Abdul Rahman Bangura– NEW AFRICA BUSINESS NEWS (NABN) Freetown, Sierra Leone- Innovative solar solutions are at the forefront of Orange’s initiative to avoid using generators that run on fossil fuels that emit CO2. This is in-line with their goal to reduce the organization’s carbon footprint to zero by 2040....

By Richard Adorsu- NEW AFRICA BUSINESS NEWS (NABN) Accra- The Ministers in charge of Agriculture and Food Security of ECOWAS Member States have resolved to work towards adequate food reserves at the local, national and regional levels to ensure food security in the sub region. They would, therefore, mobilize and...