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By Abdul Rahman Bangura– NEW AFRICA DAILY NEWS (NADN) Freetown, Sierra Leone-  The South African Department of Mineral Resources and Energy (DMRE) has announced the merger of Central Energy Fund (CEF) subsidiaries iGas, PetroSA and the Strategic Fuel Fund (SFF). The unification will be active from April 1st, 2021 and the new firm will be dubbed the South African National Petroleum Company. The consolidation, steered by the rivalry of carrying out a new company that has a facilitated operating model via the development of a shared services system and a mutual information platform, arrives a few months after cabinet agreement and the assurance that PetroSA had incurred losings of R20 billion since 2014. Extra components which provoked the motion comprised the decision to bolster PetroSA...

By Richard Adorsu- NEW AFRICA DAILY NEWS (NADN) Accra- Tanzania’s State power utility firm will supply 70 megawatts of electricity to power first phase of the standard gauge railway (SGR), will start operations in the coming months. Energy Minister Medard Kalemani said, construction of power lines between Dar es Salaam (Kinyerezi) and Morogoro (Kingorwira) were completed. Tanzania Electric Supply Company Limited (Tanesco) was ready to power Tanzania Railways Corporation (TRC) locomotives. He said. “We have invested Tsh71.1 billion (about $30.7 million) in building the necessary power infrastructure for the first phase of the SGR. The project is 100 per cent done,” he said, detailing a number of other projects that the government has implemented in the energy sector. He spoke...

By Abdul Rahman Bangura– NEW AFRICA DAILY NEWS (NADN) Freetown, Sierra Leone- Allied Air of Nigeria, begets a Boeing 737-800 freighter jet, greatly to the pleasure of the Minister of Aviation – Hadi Sirika and the Central Bank Governor, Godwin Emefiele, amongst others. Specifically, the recent accession plops the IATA authorized cargo airline on top other freight operators on the African continent. The airline is similarly the first cargo airline in Africa to achieve the IOSA certificate and has begun again to revive it since 2016. Sirika, Emefiele, and the Access Bank Group Managing Director, Hubert Wigwe, along with other government administrators, collected the recently amassed aircraft at the Nnamdi Azikiwe International Airport, Abuja. The acquired freighter (MSN 36846) is...

By Richard Adorsu- NEW AFRICA DAILY NEWS (NADN) Accra- The Secretary General for AfCFTA Secretariat, Wamkele Mene is expected to headline the maiden Africa Private Sector Summit for this year slated for March 8 to March 12, organizers of the summit have announced. The five day event is primarily meant to fashion out strategies to improve the ease of doing business in Africa and is under the auspices of UK based business advisory group Wealth Masters, with the event scheduled to happen virtually and streamed live on various social media handles of the group. According to the President of the group Benjamin Acheampong, it falls in line with the African Continental Free Trade Area (AfCFTA) which would remove barriers to trade, like tariffs and import quotas, allowing the free flow of...