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By Abdul Rahman Bangura– NEW AFRICA DAILY NEWS (NADN) Freetown, Sierra Leone- The proposal is enterprising for this East African nation, which has an established capacity of 4.96 megawatts according to Power Africa. Nevertheless, this capacity is anticipated to crease with the...

By Richard Adorsu- NEW AFRICA DAILY NEWS (NADN) Accra GHANA – African Infrastructure Investment Managers (AIIM), one of Africa’s largest infrastructure focused private equity fund managers, has successfully completed a capital increase of ZAR5.5bn (c.USD370m) for its...

By Abdul Rahman Bangura– NEW AFRICA DAILY NEWS (NADN) Freetown, Sierra Leone- The federal government has stated that when fully harnessed, Nigeria has the capacity to generate as much as $18 billion from the export of its estimated 45 million metric tons of cassava products every...

By Richard Adorsu- NEW AFRICA DAILY NEWS (NADN) Accra GHANA – Ghanaian businesswoman and entrepreneur Roberta Annan launched a €100 million fund to channel investment into small and medium African creative and fashion enterprises in Africa. The Impact Fund for African...

By Abdul Rahman Bangura– NEW AFRICA DAILY NEWS (NADN) Freetown, Sierra Leone- The African Development Bank said it will support trade valued at $7 billion over the next five years in a bid to spur the growth of the world’s biggest free-trade area. Established in 1964, the AfDB...

By Richard Adorsu- NEW AFRICA DAILY NEWS (NADN) Accra GHANA – Angola has signed a Memorandum of Understanding (MoU) with solar project developer, Sun Africa, and U.S.-based AfricaGlobal Schaffer, for a $1.5 Billion mini-grid project to supply solar electricity and drinking...

By Abdul Rahman Bangura– NEW AFRICA DAILY NEWS (NADN) Freetown, Sierra Leone- The search engine giant, a unit of Alphabet Inc., inaugurated the Africa Investment Fund, that will subsidize $50 million in startups and empower those corporations with access to Google employees, its...

By Abdul Rahman Bangura– NEW AFRICA DAILY NEWS (NADN) Freetown, Sierra Leone- Angola’s Parliament on September 1st, 2021 ratified a law to strengthen the central bank’s sovereignty by rewriting the way the governor is designated and the statute of the bank. During a meeting...

By Abdul Rahman Bangura– NEW AFRICA DAILY NEWS (NADN) Freetown, Sierra Leone- The African Development Bank (AfDB) asserted in an announcement tagged ‘African Legal Support Facility celebrates achievements as it begins new 14-year mandate.’ The statement read, “African leaders...

By Richard Adorsu- NEW AFRICA DAILY NEWS (NADN) Accra GHANA – The African Development Bank (AfDB), in partnership with the Nordic Development Fund and the Government of Denmark will roll-out a program to strengthen access to climate-resilient water and sanitation resources...