Investment

By Abdul Rahman Bangura– NEW AFRICA BUSINESS NEWS (NABN) Freetown, Sierra Leone-  Coca-Cola is scheming to peddle approximately 30% of its South African bottling member to local non-White investors in an agreement worth about R10 billion ($669 million), in connection with a consensus with local regulators,...

By Richard Adorsu- NEW AFRICA BUSINESS NEWS (NABN) Accra, Ghana– Investing in the next generation of African scientists, African Women in Agricultural Research and Development (AWARD) has announced that the call for third cohort of the One Planet Fellowship is now open. Inspired by the AWARD Fellowship...

By Abdul Rahman Bangura– NEW AFRICA BUSINESS NEWS (NABN) Freetown, Sierra Leone-  Administrations and the private sector must accept a “whole systems approach” to urgently deliver the climate-resilient and clean infrastructure that Africa needs, African Development Bank’s (AfDB) Vice President for Private Sector,...

By Richard Adorsu- NEW AFRICA BUSINESS NEWS (NABN) Accra, Ghana–A new project by the African Development Bank and the International Agroforestry Agency (ICRAF) to bring relief to Ivorian smallholder cocoa farmers’ communities in Soubre and Vavoua currently grappling with declining yields caused by climate...

By Abdul Rahman Bangura– NEW AFRICA BUSINESS NEWS (NABN) Freetown, Sierra Leone- Pronouncing at the Nnamdi Azikiwe International Airport in Abuja on January 28th, 2021 Onyema announced, he requested for thirty new aircraft, which include thirteen firm orders and seventeen purchase right orders, coming second to...

By Richard Adorsu- NEW AFRICA BUSINESS NEWS (NABN) Accra, Ghana– Tanzania has set up a National Convention Bureau to promote conference tourism as a way of speeding up the industry’s recovery from the impact of Covid-19. The Permanent Secretary in the Ministry of Tourism Dr. Aloyce Nzuki, last week...

By Abdul Rahman Bangura– NEW AFRICA BUSINESS NEWS (NABN) Freetown, Sierra Leone-  Liberia’s dome of the National Road Fund, Boniface D. Satu announces, the road division lingers greatly strived and there is a desire for stakeholders of the division to team in honoring it. Satu brought about the statements...

By Abdul Rahman Bangura– NEW AFRICA BUSINESS NEWS (NABN) Freetown, Sierra Leone-  The African Export-Import Bank (Afreximbank) has reimbursed $250 million of the $1.1 billion in sponsorship of the obtainment of 45% stake in Oil Mining License (OML 17) onshore oilfield by Trans Niger Oil and Gas Limited (TNOG)....

By Richard Adorsu- NEW AFRICA BUSINESS NEWS (NABN) Accra, Ghana– Energy producer KenGen, has announced a Ksh.13.9 Billion profit before tax for the Financial year ended June 2020. This translates to 8.3% growth in profit from the previous financial year where the company announced Ksh 11.6 Billion profit...