Blog 1 Column

By Richard Adorsu- NEW AFRICA DAILY NEWS (NADN) Accra GHANA – The African Export-Import Bank (Afreximbank) and the Government of Barbados have signed a Memorandum of Understanding (MoU) to expand trade and investment links between Africa and the Caribbean island state. Under the MoU, the two parties will explore opportunities for joint investment and trade finance aimed at expanding economic ties between Africa and Barbados. The agreement will also facilitate...

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 commissioning of the Grand Ethiopian Renaissance Dam (GERD), which will have a capacity of 6.450 megawatts. The Ethiopian administration will proceed to expand its hydroelectric infrastructure as...

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 flagship SADC infrastructure fund, the IDEAS Managed Fund (IDEAS). The fundraise exceeds the initial ZAR4.5bn (USD301m) target by 20%, taking the size of the open-ended fund to more than ZAR22bn...

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 year. The Minister of Industries, Trade and Investment, Niyi Adebayo gave rise to the divulgence when he accepted the Chief Executive Officer of BKG Exhibitions – Ifeanyichukwu Agwu,...