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By Richard Adorsu- NEW AFRICA DAILY NEWS (NADN) Accra, Ghana- CDC Group, the UK’s development finance institution and impact investor, has today announced an additional US$75 million commitment to its existing trade finance facility with Absa Bank. The investment will provide systemic liquidity...

By Abdul Rahman Bangura– NEW AFRICA DAILY NEWS (NADN) Freetown, Sierra Leone- The United Bank for Africa Plc (UBA) on of the prominent pan-African financial services institutions in the African continent, has endorsed the nominations of Rokia Hacko, Chioma Mang, Chinedu Obeta, Bode Aregbesola,...

By Abdul Rahman Bangura– NEW AFRICA DAILY NEWS (NADN) Freetown, Sierra Leone- On the 24th July 2020, the African Development Bank endorsed $27.4 million in grants to improve the African Union’s (AU) undertakings to marshal continental retort to deter the Novel Coronavirus Virus (COVID-19)...

By Richard Adorsu- NEW AFRICA DAILY NEWS (NADN) Accra, Ghana- Dangote Group’s fertilizer plant, now under construction in Nigeria’s biggest city of Lagos, will be ready to start production late this year. Owned by Aliko Dangote, Africa’s richest man, the facility located in the Lekki district...

By Abdul Rahman Bangura– NEW AFRICA DAILY NEWS (NADN) Freetown, Sierra Leone- Botswana based coal miner – Minergy, that owns and operates the Masama Coal Mine in the Mmamabula coalfield, sent abroad its first coal by rail to South Africa on July 17th, 2020. The coal was loaded onto trucks...

By Abdul Rahman Bangura– NEW AFRICA BUSINESS DAILY (NADN) Freetown, Sierra Leone- The Big Brother Naija (BBN) reality TV show that’s incessant, started on July 19th, 2020 will generate an approximate Two Billion Naira into the Nigerian economy, according to financial sector stakeholders....

By Abdul Rahman Bangura– NEW AFRICA DAILY NEWS (NADN) Freetown, Sierra Leone- A certain top diamond producer – Russia’s Alrosa (MCX:ALRS), has started up exploring and prior expedition works for deposits in Zimbabwe as part of a cooperation with the nation’s Consolidated Diamond Company...

By Richard Adorsu- NEW AFRICA DAILY NEWS (NADN) Accra, Ghana- Liverpool have announced a three-year partnership with the Mauritius Tourism Promotion Authority and Economic Development Board as their tourism and economic development partner. The island nation want to boost their drive in...

By Abdul Rahman Bangura– NEW AFRICA DAILY NEWS (NADN) Freetown, Sierra Leone- Tanzania in the subsequent three years will evolve the outstanding power producer and supplier in the East African region following the fifth phase government spirited motion to execute the Julius Nyerere Hydropower...

By Abdul Rahman Bangura– NEW AFRICA DAILY NEWS (NADN) Freetown, Sierra Leone- A subset of the African Development Bank (AfDB) – the African Investment Forum has bent on to subsidize fifteen private sector projects in Nigeria and in some other African countries $3.79 billion facility...