Investment

By Richard Adorsu- NEW AFRICA BUSINESS NEWS (NABN) Accra- Ethiopia and COMESA have signed a 5.6 million Euro sub-delegation agreement to improve coordinated border management, trade and transport facilitation at the Moyale and Galafi border posts. Moyale and Galafi borders link Ethiopia on one hand to Kenya and...

By Abdul Rahman Bangura– NEW AFRICA BUSINESS NEWS (NABN) Freetown, Sierra Leone– The African Development Bank (AfDB) has been dubbed as the “Best Multilateral Financial Institution in the world for 2021”. The US magazine, Global Finance, specializing in financial markets and investment banking, did the...

By Richard Adorsu- NEW AFRICA BUSINESS NEWS (NABN) Accra- The African Development Bank has approved two grants for research that will increase African women’s access to a range of digital financial services including loans and micro-insurance. The grants, for $1 million and $300,000 respectively, will be disbursed...

By Abdul Rahman Bangura– NEW AFRICA BUSINESS NEWS (NABN) Freetown, Sierra Leone– The scheme to localize the possession of Namibian mining licenses discerns them culmination 2020 of an assessment of the Mining Act which encompasses prospecting and mining activities. The ministry declared openly in a press...

By Abdul Rahman Bangura– NEW AFRICA BUSINESS NEWS (NABN) Freetown, Sierra Leone–  The South African Department of Mineral Resources and Energy (DMRE) has announced the merger of Central Energy Fund (CEF) subsidiaries iGas, PetroSA and the Strategic Fuel Fund (SFF). The unification will be active from April...

By Richard Adorsu- NEW AFRICA BUSINESS NEWS (NABN) Accra- Tanzania’s State power utility firm will supply 70 megawatts of electricity to power first phase of the standard gauge railway (SGR), and will start operations in the coming months. Energy Minister Medard Kalemani said, construction of power lines...

By Abdul Rahman Bangura– NEW AFRICA BUSINESS NEWS (NABN) Freetown, Sierra Leone– Allied Air of Nigeria, begets a Boeing 737-800 freighter jet, greatly to the pleasure of the Minister of Aviation – Hadi Sirika and the Central Bank Governor, Godwin Emefiele, amongst others. Specifically, the recent...

By Richard Adorsu- NEW AFRICA BUSINESS NEWS (NABN) Accra- The Secretary General for AfCFTA Secretariat, Wamkele Mene is expected to headline the maiden Africa Private Sector Summit for this year slated for March 8 to March 12, organizers of the summit have announced. The five day event is primarily meant to...

By Abdul Rahman Bangura– NEW AFRICA BUSINESS NEWS (NABN) Freetown, Sierra Leone– The ECOWAS Bank for Investment and Development (EBID) has approved a €40 million framework agreement with the ODDO BHF Aktiengesellschaft, a Franco-German financial services group with a longstanding track record and expertise...