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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 knowledge sharing between Afeximbank and the Government of Barbados, providing businesses and investors on either side of the Atlantic with higher quality information with which to pursue trade and investment opportunities. Benedict Oramah, President of Afreximbank said, “Cooperation among nations of the global south can...

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 part of its recent recommendation. The nation scheduled to assemble a 16 hydropower dams in the imminent years. However, Wind Power will be an important part of the Ethiopian administration’s agenda. Twenty four Wind Power projects will be carried out in the prospective years. Ethiopia is just starting to improve its...

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 (USD1.475bn). IDEAS will deploy the capital in line with the fund’s existing mandate, providing investors with exposure to a diversified portfolio of sustainable infrastructure assets across the SADC region. The current fundraising has been concluded to support the deployment of an active pipeline of assets...

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, weekend remarked that the nation had not entirely seized windfall of the much-sought-after commodity. He noted that, though a world leader in cassava production, Nigeria is now not an effective performer in the cassava trade in the worldwide market, clarifying that with the due affiliations, the circumstance would be...