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By Richard Adorsu- NEW AFRICA DAILY NEWS (NADN) Accra, Ghana-A new project by the African Development Bank and the International Agroforestry Agency (ICRAF) to bring relief to Ivorian smallholder cocoa farmers’ communities in Soubre and Vavoua currently grappling with declining yields caused by climate change and worsened by the COVID-19 pandemic. Without help, some 800,000 Ivorian smallholder farmers, who produce the largest share of the world’s cocoa supply, could suffer heavy production losses due to production and supply chain disruption. Under the Bank’s new initiative, the smallholder farmer communities will receive climate-resilient and sustainable agroforestry assistance in 2021. The scheme will be implemented by the ICRAF and its partners – Mars Confectionaries, and the...

By Richard Adorsu- NEW AFRICA DAILY NEWS (NADN) Accra, Ghana- Tanzania has set up a National Convention Bureau to promote conference tourism as a way of speeding up the industry’s recovery from the impact of Covid-19. The Permanent Secretary in the Ministry of Tourism Dr. Aloyce Nzuki, last week said that Tanzania’s diplomatic offices in various countries around the world will be used to canvass for more international conferences to be held in Tanzania. The NCB will function as a department under the coordination of the Tanzania Tourist Board (TTB) and handle all arrangements and bookings for international conferences, symposiums, conventions and other meetings, Dr. Nzuki explained. He described conference tourism as a key tourism product that has not been properly tapped...

By Abdul Rahman Bangura– NEW AFRICA DAILY NEWS (NADN) Freetown, Sierra Leone-  Liberia’s dome of the National Road Fund, Boniface D. Satu announces, the road division lingers greatly strived and there is a desire for stakeholders of the division to team in honoring it. Satu brought about the statements during the program commemorating the Mid-Term Review of the 2020/2021 Annual Road Maintenance Expenditure Program and Recast of ARMEP Budget and financing of road works by local financial institutions wielded Tuesday, January 26th, 2021 at the Farmington Hotel – Margibi County. The strategy attracted jointly Representatives Johnson N. Gwaikolo and Dorhwon T. Gleekia of districts 9 and 6 respectively, Acting Minister of the Ministry of Public Works and Head of the Inter-ministerial...

By Abdul Rahman Bangura– NEW AFRICA DAILY NEWS (NADN) Freetown, Sierra Leone-  The African Export-Import Bank (Afreximbank) has reimbursed $250 million of the $1.1 billion in sponsorship of the obtainment of 45% stake in Oil Mining License (OML 17) onshore oilfield by Trans Niger Oil and Gas Limited (TNOG). Afreximbank declared openly this in a statement issued January 28th, 2021 from its headquarters in Cairo, Egypt. With the $250-million Reserve Based Lending facility, Afreximbank was the biggest lender, underwriting about a quarter of the financing that allowed TNOG to pay for a shares in OML 17 from Shell Petroleum Development Company, Total Exploration and Production Nigeria Limited and ENI. Additional contributing lenders include: Africa Finance Corporation (AFC), Union Bank,...