Investment

By Abdul Rahman Bangura– NEW AFRICA BUSINESS NEWS (NABN) Freetown, Sierra Leone– $229.3 million financing consensus was signed last week between Uganda and the African Development Hank Uganda and the African Development Bank for phase one of the Kampala-Jinja Expressway – a project foreseen to reduce...

By Abdul Rahman Bangura– NEW AFRICA BUSINESS NEWS (NABN) Freetown, Sierra Leone– President of the United Republic of Tanzania – Samia Suluhu Hassan has advised the Minister of State, President’s Office, Regional Administration and Local Government (RALG) – Selemani Jafo to work on widespread...

By Abdul Rahman Bangura– NEW AFRICA BUSINESS NEWS (NABN) Freetown, Sierra Leone– A 13-kilometre energy line correlating Zimbabwe Zhongxin Electrical Energy (Private) Limited’s new plant in Hwange and Zimbabwe Power Company (ZPC) is being nestled in willingness to commence sustaining the initial 25MW of...

By Richard Adorsu- NEW AFRICA BUSINESS NEWS (NABN) Accra- The Ministry of Education has completed a 10 year Master Plan for Science and Technology Parks (STPs) in Kenya, Principal Secretary State Department of University Education and Research, Amb. Simon Nabukwesi has said. The ministry has developed designs for...

By Abdul Rahman Bangura– NEW AFRICA BUSINESS NEWS (NABN) Freetown, Sierra Leone–  This proliferation, comprises backhoe loaders, excavators, wheel loaders, motor graders and crawler dozers, will be peddled and financed by independent, newly appointed John Deere dealers, still to be announced. The governments...

By Abdul Rahman Bangura– NEW AFRICA BUSINESS NEWS (NABN) Freetown, Sierra Leone– The Nigerian House of Representatives on March 26th, 2021 announced that there was desire for serious reforms at the ports if nations wishes to get ultimate advantages from the Africa Continental Free Trade Agreement (AfCFTA)....

By Richard Adorsu- NEW AFRICA BUSINESS NEWS (NABN) Accra- Although Africa currently trails other regions in terms of digital adoption and maturity, the pace of adoption and infrastructure buildout is happening faster on the continent than any other region in the world. This creates the opportunity to unlock...

By Abdul Rahman Bangura– NEW AFRICA BUSINESS NEWS (NABN) Freetown, Sierra Leone– “The recovery of so many kimberlitic indicators and in particular diamonds, which are very rare to recover in small sample narrow reverse circulation drill holes is highly encouraging and bodes well for the potential...

By Richard Adorsu- NEW AFRICA BUSINESS NEWS (NABN) Accra- African Export-Import Bank (Afreximbank), the Pan-African multilateral EXIM Bank, announced the signing of a 7-year $350 million Term Loan Facility to provide financing to OCP Group, phosphate mining and fertilizer company. This facility will support OCP...