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By Richard Adorsu- NEW AFRICA DAILY NEWS (NADN) Accra- Ghana’s President, Nana Addo Dankwa Akufo-Addo commissioned $13 million cocoa processing plant expansion of the Cargill Cocoa Processing Company. At the inaugural ceremony, he highlighted the importance of the expansion in his keynote address. “I want to congratulate the management and staff for their significant contribution to the success of this company,” he said. “The commissioning of this expansion today underscores the importance of the private sector to government’s industrial transformation program.” He further reflected on the impact that Cargill Cocoa & Chocolate has made in the country  and a more  sustainable cocoa sector and acknowledged that the plant expansion will present an avenue for economic...

By Abdul Rahman Bangura– NEW AFRICA DAILY NEWS (NADN) Freetown, Sierra Leone – Bent on the African Continental Free Trade Area (AfCFTA) steadied to yield possible profits of up to $450 billion according to the World Bank, the International Trade Centre (ITC) and the Organization of Women in International Trade (OWIT) in Nairobi, in collaboration with OWIT Nigeria and OWIT Zimbabwe, are partnering to fund African women entrepreneurs to participate in intra-regional trade. Speaking during the Africa Women Trade Conference composed by the two organizations on November 25 and 26, Aissatou Diallo, ITC Senior Coordinator for the AfCFTA and Least Developed Countries, announced that, trade under the AfCFTA would navigate bigger increases in revenue for business women. Themed ‘Empowering...

NEW AFRICA DAILY NEWS (NADN) Accra GHANA-  Over $24 Million Funds by Tony Elumelu Foundation to Support Entrepreneurs of Small Medium Enterprises (SMEs) in Africa for it 2021 Programme The Tony Elumelu Foundation (TEF), the leading philanthropy empowering African entrepreneurs from all 54 African countries, has selected 4,949 entrepreneurs from across Africa for its 2021 Entrepreneurship Programme. The 2021 beneficiaries were selected from a pool of over 400,000 applications, based on their innovation, performance, and growth potential to create jobs and eradicate poverty on the continent. Consisting of both new start-ups and existing small businesses, the 2021 Tony Elumelu Entrepreneurs have undergone world-class business training, mentorship and coaching and will have a life-time...

By Abdul Rahman Bangura– NEW AFRICA DAILY NEWS (NADN) Freetown, Sierra Leone – An analysis of the pacts, was completed in every facet in Durban, South Africa, implied that $750 million agreement was approved in the name of Eroton Exploration and Production Company Limited. According to the bank, the facility was allocated to Eroton to subsidize the accession of 100% of the shares into particular purpose vehicles, oil mining lease, under secured reserve based lending facility, and similarly to finance the prepayment of all of Eroton’s excellent acknowledgments with its existing lender. This has taken two years to come to culmination. Moreover, analysis of the deal exhibited that Oakmill Group International endorsed $210 million project finance facility while $100 million trade...