Investment

By Abdul Rahman Bangura– NEW AFRICA BUSINESS NEWS (NABN) Freetown, Sierra Leone- A little over three years into its primary $54 million fund, Algebra Ventures has subsidized in 21 startups, comprising Trella, Elmenus, GoodsMart, and Halan, creating over 20,000 direct and indirect jobs. Its six maximum founded...

By Abdul Rahman Bangura– NEW AFRICA BUSINESS NEWS (NABN) Freetown, Sierra Leone- The allotment, according to the establishment, is fraction of undertakings to improve the productive output of the goods and enhance agriculturalists trades. Each planter will earn a minimum of 400 seedlings. “Under the Cocoa Value...

By Richard Adorsu- NEW AFRICA BUSINESS NEWS (NABN) Accra- The African Development Bank (AfDB), approved a loan of €145 million to finance reliability and performance upgrades to the country’s rail system under the Egypt National Railways Modernization Project (ENRMP). The funding will be used to enhance...

By Abdul Rahman Bangura– NEW AFRICA BUSINESS NEWS (NABN) Freetown, Sierra Leone- Mining firm South32 has conceded to disburse $250m in cash to mining group Seriti Resources in order to finalize the sale of South African Energy Coal (SAEC) enterprise. Mining firm South32 has agreed to pay $250m in cash to mining...

By Abdul Rahman Bangura– NEW AFRICA BUSINESS NEWS (NABN) Freetown, Sierra Leone–On Sunday April 04th, 2021 Angola commemorated 19 years of peace and the verge of long-armed disputes. On April 4 2002, the Angolan administration and the main opposition party – UNITA settle an end to 27 years of war, with...

By Richard Adorsu- NEW AFRICA BUSINESS NEWS (NABN) Accra- Nestlé, IDH the Sustainable Trade Initiative, and TechnoServe have announced the launch of the Developing Inclusive Grain Value Chains programme. The initiative will help 5,000 smallholder farmers earn better livelihoods by supplying high quality maize,...

By Abdul Rahman Bangura– NEW AFRICA BUSINESS NEWS (NABN) Freetown, Sierra Leone– Senegalese American Rap artist and singer Akon is visiting Uganda Friday in search of investment opportunities that would extend his business footprint in Africa, where his efforts include a planned futuristic city. Akon’s...

By Abdul Rahman Bangura– NEW AFRICA BUSINESS NEWS (NABN) Freetown, Sierra Leone–  On April  1st, 2021Airtel Africa published the endorsement of approval under which Mastercard – an outstanding trailblazer and international technology corporate payments industry will invest $100m in Airtel Mobile Commerce BV...

By Richard Adorsu- NEW AFRICA BUSINESS NEWS (NABN) Accra- The African Continental Free Trade Area (AfCFTA) Secretariat and the UN Development Programme (UNDP) signed a strategic partnership to promote trade as a stimulus for Africa’s socioeconomic recovery from the COVID-19 crisis, and as a driver of sustainable...