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By Abdul Rahman Bangura- NEW AFRICA DAILY NEWS (NADN) Freetown, Sierra Leone– KawiSafi II Fund enables local enterprises to develop and boost climate projects that support vulnerable neighborhoods. KawiSafi II is a $200 million venture equity fund to take care of acquisition fissures in energy transition, productivity, mobility, and logistics in sub Saharan Africa. It incorporates a $10 million technical subsidy facility to maximize climate impact and assure promising management of environmental, social, and governance risks. KawiSafi II is a follow-on from KawiSafi Fund I, a $67 million off-grid energy fund inaugurated in 2016, which was aided by the strong sponsor – Acumen Fund. Acumen has over 20 years of experience investing in transformational companies to unravel...

By Abdul Rahman Bangura- NEW AFRICA DAILY NEWS (NADN) Freetown, Sierra Leone– FIRS Executive Chairman Zacch Adedeji – Executive Chairman of FIRS told during a session with the National Assembly’s Finance Committees, emphasizing that, the new regulation would navigate financial development while luring innovation. Adedeji underscored that, this initiative intended for to modernize Nigeria’s old fashioned regulatory framework by encircling new technologies previously unaddressed by existing laws. “We need a law that regulates that area of our economy. This is why we are having this engagement with the legislators. We will regulate it in a way that is not injurious to the economic development of Nigeria.” Dare Adekanmbi – Adedeji’s Special Advisor divulged. Industry experts have been...

By Abdul Rahman Bangura- NEW AFRICA DAILY NEWS (NADN) Freetown, Sierra Leone– The first phase, of the project after completion , will contain of a refinery with a capacity of 300,000 barrels per day (bpd), a 90,000bpd capacity petrochemical plant, 3 million cubic metres (m3) storage tanks, a jetty with port infrastructure valued at $12 billion. The growth of the Hub, which is private sector led is being inducted by TCP-UIC Consortium which consists of Touchstone Capital Group Holdings Ltd., UIC Energy Ghana Limited. China Wuhan Engineering Co. Ltd., and China Construction Third Engineering Bureau Co. Ltd. with the government of Ghana providing basic infrastructure such as rail, roads, utilities, as well as monetary and regulatory tips that are needed for the operationalization of the...

By Abdul Rahman Bangura- NEW AFRICA DAILY NEWS (NADN) Freetown, Sierra Leone– KawiSafi II Fund enables local enterprises to develop and boost climate projects that support vulnerable neighborhoods. KawiSafi II is a $200 million venture equity fund to take care of acquisition fissures in energy transition, productivity, mobility, and logistics in sub Saharan Africa. It incorporates a $10 million technical subsidy facility to maximize climate impact and assure promising management of environmental, social, and governance risks. KawiSafi II is a follow-on from KawiSafi Fund I, a $67 million off-grid energy fund inaugurated in 2016, which was aided by the strong sponsor – Acumen Fund. Acumen has over 20 years of experience investing in transformational companies to unravel...