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By Abdul Rahman Bangura– NEW AFRICA DAILY NEWS (NADN) Freetown, Sierra Leone-  The Administration of Zimbabwe has successfully regained over eighty mining acquiescence under the “use-it or lose-it” policy and an established statement will be made in due course, Mines and Mining Development Minister – Winston Chitando, divulged. In 2020, the administration confirmed that it was also looking forward to re-sizing some of the settlements with massive reserve footings and undue life spans and administer them to possible investors. With-it, it was reported that some forthcoming investors granted the Special Grants (SG) in different mining sub-sectors of the economy were holding onto the claims for unpredictable objectives. This was retrogressive as Zimbabwe was being constrained of...

By Brian MBowe- NEW AFRICA DAILY NEWS (NADN) DENVER Colorado, United States- Sierra Leone has approved to vend 250 acres of pristine beach and rainforest to China in a $55 million pact that would glimpse an industrial fishing harbor built on the site. This has provoked anger from conservationists, human rights groups and animal welfare groups and local landowners that have let out the project would “destroy the pristine rainforest, plunder the stocks, pollute the marine environment and five individual ecosystems that are fish breeding grounds and support endangered bird and wildlife species.” Precisely, the components of the deal, linger uncertain. Local public policy research organizations the Institute for Legal Research and Advocacy for Justice (ILRAJ) and Namati Sierra...

By Richard Adorsu- NEW AFRICA DAILY NEWS (NADN) Accra- President Akufo Addo of Ghana, Werner Hoyer, President of the European Investment Bank and Thomas Östros, Vice President, formally agreed to €170 million EIB backing for the new National Development Bank of Ghana. The EIB backing represents the largest ever engagement in Ghana by a world international public bank and most significant support for a national development institution in Africa. Once operational in the coming weeks the National Development Bank of Ghana will increase access to long-term finance and boost job creation for thousands of businesses in key sectors, including agribusiness, manufacturing, ICT tourism and other services across Ghana. “The European Investment Bank is a key partner for Ghana and Africa. As...

By Abdul Rahman Bangura– NEW AFRICA DAILY NEWS (NADN) Freetown, Sierra Leone- The beginning is a $276 million financing agreement for the Kampala City Roads Rehabilitation Project; and the second, valued at $71.8 million, is for improving the Kabale-Lake Bunyonyi/Kisoro-Mgahinga road. The Kampala City Roads Rehabilitation Project will relief relieve traffic congestion in the capital by upgrading twenty-two road junctions and improving the drainage capacity of the city to mitigate flowing on the streets. The project will catch a glimpse of the development of 67km of roads, 134km of non-motorized traffic facilities, and the maintenance of street lighting and slated eco-bus services, including bus depots and dedicated lanes. It comprises various corresponding social initiatives, notably...