Blog 1 Column

By Abdul Rahman Bangura – NEW AFRICA DAILY NEWS ( NADN ) Freetown, Sierra Leone- Lekoil, an oil and gas exploration and production company with a focus on Nigeria and Western Africa, said it has attained an authorization with Optimum Petroleum Development Company – the Operator of the OPL 310 License; on postponing the last tranche of expenditure of $7.6 million payable on or before May 2nd, 2020. Nonetheless, Lekoil asserted that, this is in conformity to its...

By Abdul Rahman Bangura – NEW AFRICA DAILY NEWS ( NADN ) Freetown, Sierra Leone- Mulling over the significant part that, the Africa Trade Insurance (ATI) influences in the nation’s financial growth, the European Investment Bank (EIB) donated $12.5 million authorization loan to cover Togo’s shareholding in ATI. The inclusive $37.5 million assortment, completed by European Investment Bank (EIB) in 2019, encloses the shareholdings of Niger, Togo and Cameroon, wi...

By Richard Adorsu- NEW AFRICA DAILY NEWS (NADN) Accra, Ghana- Policy and advocacy think tank, AfroChampions, is urging African Trade Ministers to convene a virtual summit under the aegis of the African Union to keep on track the operation of the African Continental Free Trade Area (AfCFTA) amidst the Coronavirus pandemic. According to the policy group, this high-level meeting would be an opportunity to discuss practical measures to pursue African economic integration...

By Abdul Rahman Bangura – NEW AFRICA DAILY NEWS ( NADN ) Freetown, Sierra Leone- Wamkele Mene, the scribe of the Africa Continental Free Trade Area (AfCFTA) disclosed the postponement of the undertaking of the AfCFTA authorization slated for July 1, 2020, recounting the Novel Coronavirus (COVID-19) pandemic. “It is obviously not possible to commence trade as we had intended on July 1st, 2020 under the existing conditions. Mene stated. “I think that’s the...