Investment

By Richard Adorsu- NEW AFRICA BUSINESS NEWS (NABN) Accra GHANA- Rwanda launched a factory with an annual capacity to blend 100,000 tonnes of fertilizers, thanks to Rwanda Fertilizer Company (RFC), a joint venture between OCP Africa a Moroccan fertilizers manufacturing firm and the Government of Rwanda. Following...

By Richard Adorsu- NEW AFRICA BUSINESS NEWS (NABN) Accra GHANA- IFC announced an investment in a second container terminal at Egypt’s Damietta Port that is expected to triple the port’s capacity when complete in 2025, supporting trade and economic activity in the region and creating thousands of direct...

By Abdul Rahman Bangura- NEW AFRICA BUSINESS NEWS (NABN) Freetown, Sierra Leone- The AfDB let out in a declaration that the loan describes 51.8% of the project’s aggregate cost, while the Namibian government, the Namibian Administration will provide the 48.2%. The project incorporates constructing 207 km of new...

By Abdul Rahman Bangura- NEW AFRICA BUSINESS NEWS (NABN) Freetown, Sierra Leone- Dr. Ezra Yakusak – Executive Director of the NEPC told that the apprenticeship was one of numerous endeavors by the Council to decrease reliance on oil and gas, while equally thriving the country’s economy. On the theme “Producing...

By Abdul Rahman Bangura- NEW AFRICA BUSINESS NEWS (NABN) Freetown, Sierra Leone- According to data from the Central Bank of Kenya (CBK), aggregate currency in circulation attained an all-time high of Sh315.97 billion in June 2023, comprising Sh30 billion in bank notes and Sh10.56 billion in coins. The Bank of...

By Abdul Rahman Bangura- NEW AFRICA BUSINESS NEWS (NABN) Freetown, Sierra Leone- ..as a result of this drizzle, this has enabled to bolster the growth of small and middle pods of the October-to-March main crop. Harvesting was taking the yield up and more trucks were packing beans in villages, farmers said,...

By Abdul Rahman Bangura- NEW AFRICA BUSINESS NEWS (NABN) Freetown, Sierra Leone- This Agri-Tech platform will enable Kenya agriculturalists to produce informed, data driven farming determinations and monitor yields utilizing satellite imagery and artificial intelligence. A national digital program for satellite...

By Abdul Rahman Bangura- NEW AFRICA BUSINESS NEWS (NABN) Freetown, Sierra Leone- “Enhancing Competitiveness of the Agri-food Industry and Mitigating the Impact of Global Crises to Improve Food Security in the EAC.” This endeavor is the domain of the EAB-GIZ Sequa GmBH project. EABC Manager of Policy and Standards,...

By Abdul Rahman Bangura- NEW AFRICA BUSINESS NEWS (NABN) Freetown, Sierra Leone- Hamza Abdi Barre – Prime Minister of Somalia let out the budget was authorized by the cabinet during an extraordinary meeting carried in the national capital of Mogadishu. “The government’s budget this year has reached more than 1...