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By Abdul Rahman Bangura- NEW AFRICA DAILY NEWS (NADN) Freetown, Sierra Leone– This project is geared toward upgrading Uganda’s industrialization and export development activities. Under the terms of the framework agreement, Afreximbank and UDB inaugurated a collective project preparation facility to keep ajar investments in priority sectors, such as energy, transport and logistics, special economic zones/industrial parks, manufacturing, agro-processing, hospitality and tourism, mining, solid minerals, and service sectors. The facility will administer de-risking projects and increase their development from the concept phase to bankability by encircling the preparation of feasibility studies, project development and advisory services, and affiliated costs. The two Banks drive to...

By Abdul Rahman Bangura- NEW AFRICA DAILY NEWS (NADN) Freetown, Sierra Leone– The strategic alliance between administration, industry, and academia keeps up the key to venturing under-funding that has derailed the research and development needed to recast Africa’s food systems, experts said on Wednesday, August 14th, 2024 in the Kenyan capital of Nairobi. Chris Ojiewo – Strategic Partnerships and Seed Systems lead at the International Maize and Wheat Improvement Center (CIMMYT), spoke out that African administrations should reach out to the private sector in their bid to strengthen the deployment of technologies and innovations that can revolutionize smallholder farming. “For us to go far in realizing self-sufficiency in agri-food systems development, we definitely...

By Abdul Rahman Bangura- NEW AFRICA DAILY NEWS (NADN) Freetown, Sierra Leone– Natural Capital Accounting aims to quantify and evaluate the economic value of a country’s natural resources and ecosystems. Established about a year ago, the NCA ambition is ushered by the Environmental Protection Agency (EPA) and the Ghana Statistical Service (GSS), with sponsorship from varied ministries, comprising the Ministry of Finance, the National Development Planning Commission, the Ministry of Fisheries and Aquaculture Development, and the Forestry Commission with funding from the World Bank. At a media and civil society organizations meeting in Accra last Tuesday, the Executive Director of the EPA, Dr. John Krugu emphasized the significance of natural capital encom­passing minerals, land, soil,...

By Abdul Rahman Bangura- NEW AFRICA DAILY NEWS (NADN) Freetown, Sierra Leone–  The report stated Algeria’s financial evolution is backed by the oil and gas, industrial, construction, and services sectors. Career patterns exhibit a motion towards the services sector to the disservice of the agriculture and manufacturing industry, underscores the report, anyhow remarking that the structure of GDP has not fundamentally altered and that the nation should execute further reforms to rev the structural transformation of it’s economy. “For Algeria, the reform of the global financial architecture is a chance to place itself as a donor country to endorse progress towards the development programs of other African countries” remarked Lassaad Lachaal – the African Development Bank’s...