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By Abdul Rahman Bangura- NEW AFRICA DAILY NEWS (NADN) Freetown, Sierra Leone– Rupert’s wealth soared by $1.87 billion year-to-date, while Dangote’s fortune declined by $1.7 billion during the same period. Johann Rupert, 74, handles the world’s largest luxury watchmaker – Cie Financiere Richemont, which is based in Bellevue, Switzerland. The company owns prestigious brands such as Jaeger-LeCoultre and Cartier. Rupert’s wealth is same married to his investment vehicle, Remgro, which holds stakes in over 30 companies across diverse industries in South Africa. Aliko Dangote, who had held the title of Africa’s richest man for several years, primarily emanates his wealth from his 86% stake in Dangote Cement, which is publicly traded. He same has investments in other sectors, including...

By Abdul Rahman Bangura- NEW AFRICA DAILY NEWS (NADN) Freetown, Sierra Leone– Remarked by Ben Kwadwo Sarfo – a grower, and Project Officer at the PFAG, 11th Hour, an international Non-Governmental Organization (NGO) was funding the implementation of the three-month project which covered growers in the Bono East, Bono, Ahafo, Ashanti and Western Regions. 11th Hour works with farmers and food systems workers to assist technology that is responsive to the demands of small-holder producers. The beneficiary farmers would be trained to rightly prepare and apply organic fertilizers, pesticides and herbicides and same, anticipated to pass the knowledge they would amass to other farmers in their respective neighborhoods. In addendum, the project would further train them on alternative...

By Abdul Rahman Bangura- NEW AFRICA DAILY NEWS (NADN) Freetown, Sierra Leone– President of Sokec Wu Song and Managing Director of Nilepet Muhammad Lino Benjamin autographed a Memorandum of Understanding (MoU) that could envisage the Chinese firm to commence investing in South Sudan. Benjamin applauded Sokec for its support to the development of the youngest nation in Africa. “With this MoU, we hope you will be able to translate it into agreements and projects that we will do together,” he noted at the signing ceremony in Juba, the capital of South Sudan. Wu said Sokec will navigate on investment without hesitation, pegging to enable production capabilities and operational efficiency. “We will start our preparation work as soon as possible on the refinery and storage...

By Abdul Rahman Bangura- NEW AFRICA DAILY NEWS (NADN) Freetown, Sierra Leone– …Experts envisaged a minute steadiness of the Shilling against the dollar as these sectors have lessened their dollar purchases. As of August 22, commercial banks were quoting the Shilling at 128.50/129.50 per dollar, unchanged from last week. One expert, asserts hope for high market demand, anticipating potential further strengthening of the Shilling. This reduced dollar request is demanded to remove pressure on exchange rates as a result of contributing to the local currency’s stability against the greenback. The central bank’s recent intervention in exchange rates has already resulted in a period of relative stability for the Shilling over the past week. The Shilling remains the...