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By Abdul Rahman Bangura– NEW AFRICA DAILY NEWS (NADN) Freetown, Sierra Leone- CRDB Bank Plc’s Burundi associate now has Frederick Siwale as the new Managing Director of CRDB Bank Burundi. Siwale (49), has fulfilled as Head of Global Markets in the Department of Treasury since December 2019, is superseding Bruce Mwile, who has been there of the since the establishment of the subsidiary in 2012. Mwile presently oversees the Bank’s group-wide operations in the responsibility of Chief Operating Officer. CRDB Bank Plc’s group Chief Executive Officer – Abdulmajid Nsekela asserted, he was optimistic that Siwale had what it carried to effectively head the Burundi subsidiary. Siwale has comprehensive aptitude and knowledge in capital markets and treasury management, branch operations, as...

By Abdul Rahman Bangura– NEW AFRICA DAILY NEWS (NADN) Freetown, Sierra Leone-  This undertaking will relate both North and South transmission grids in Angola and let for the diffusion of clean energy between the two regions. According to a press clearance on March 15th, 2021 by the AfDB, the venture once finalized, shall have the inclination to expand transmission capacity by 2,250 MW and exclude the desire for polluting diesel-powered generators in Southern provinces. Similarly, the project is anticipated to “avert the consumption of 46.8 billion liters of diesel per year in the south, cutting 80 megatons of CO2 emissions,” allowing the government to save more than $130 million per year in diesel subsidies in 2023. “The new transmission line will become the backbone for the...

By Richard Adorsu- NEW AFRICA DAILY NEWS (NADN) Accra- The authorities of Benin Republic dispatched a delegation to hunt President Muhammadu Buhari’s intervention for Nigeria to assist the nation produce rice. The goal was to cease smuggling and rice importation within the two international locations. The Benin Republic delegation met with the Chief of Workers to the President, Prof. Ibrahim Gambari on the presidential villa, Abuja. The Benenois delegation, who was led by the nation’s minister of agriculture, Gaston Cossi Dossouhoui, was led to the villa by Governor Atiku Bagudu of Kebbi State and the Minister of Finance, Funds and Nationwide Planning, Mrs. Zainab Ahmed. Talking to State Home correspondents after the assembly, Bagudu, who’s Chairman of the Progressive Governors’...

By Abdul Rahman Bangura– NEW AFRICA DAILY NEWS (NADN) Freetown, Sierra Leone- Published on Monday March 15th, 2021, Burkina Faso is to obtain a new large-scale renewable energy plant, Located some 250km South-East of the country’s capital city of Ouagadougou, close to the town of Pâ. The new solar energy plant will provide all the electricity it delivers to Burkina Faso’s national power utility, La Société National D’électricité Du Burkina Faso (SONABEL). The Emerging Africa Infrastructure Fund (EAIF), is a member of the Private Infrastructure Development Group project is entrusting the project’s developer, Urbasolar SAS, 80% of the capital required for the construction of the new 30MW facility. EAIF is the sole lender to the project, providing €29 million of the estimated €35.4...