Blog 1 Column

By Abdul Rahman Bangura– NEW AFRICA DAILY NEWS (NADN) Freetown, Sierra Leone - Electricity will be carried through the CLSG Transmission line. Power supply to Liberia will begin on December 1st, 2022. Acting CEO and Chairman of LEC, Monie R. Captain signed on behalf of the administration of Liberia while Noumory Sidibe Director General of CI Energies, and Ahmadou Bakayoko Director General of CIE autographed on behalf of their respective organizations. 1,350 kilometer...

By Abdul Rahman Bangura– NEW AFRICA DAILY NEWS (NADN) Freetown, Sierra Leone - The Afreximbank announced, the term sheet was approved at the opening of the African Energy Week in Cape Town betweenn Rene Awambeng – Director & Global Head of Client Relations, Afreximbank, and Chief Tunde Afolabi, Chairman/CEO of Amni Petroleum, in the presence of Professor Benedict Oramah – President and Chairman of the Board of Directors of Afreximbank. In addendum, the...

By Richard Adorsu- NEW AFRICA DAILY NEWS (NADN) Accra Ghana- Nigeria has become the latest country to pass a Startup Bill, giving a more formal approach to how the startup ecosystem is governed. The Bill which has been in the making since May was accented to by President Muhammadu Buhari earlier this week, and the news was made public via Twitter by the country’s Minister for Communications and Digital Economy Isa Pantami. Now known as the Nigeria Startup Act, the law...

By Richard Adorsu- NEW AFRICA DAILY NEWS (NADN) Accra Ghana- The African Development Bank (AfDB) approved an unfunded $75 million trade finance Risk Participation Agreement facility for FirstRand Bank (FRB). The approved facility will enhance FRB’s ability to underwrite trade finance transactions originating from issuing banks in several countries, including transition states and low-income countries across Africa. It is estimated that when fully utilized, this RPA...