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By Abdul Rahman Bangura– NEW AFRICA DAILY NEWS (NADN) Freetown, Sierra Leone- MIGA, a partner of the World Bank Group, has published stakes of up to $25.6 million to Escotel Mauritius insulating its enterprises in solar power generation in Liberia and Sierra Leone for ten years duration. The MIGA assurances furnish safety to Escotel Mauritius against the threats of Transfer Restriction, Expropriation, and War and Civil Disturbance. And MIGA’s pledges will subsidize the maintenance of electricity and logistical services to power existing and future cell phone towers (Telecommunication Network Sites or TNS) in Liberia and Sierra Leone. The Escotel projects will be capitalizing power through extensively more productive and climate-friendly power solutions by installing photovoltaic solar...

By Richard Adorsu- NEW AFRICA DAILY NEWS (NADN) Accra, Ghana- Ghana’s oil reserves is left with about 2.5 billion barrels more to be produce if new oil discoveries are not found. This represents about 86% of the total oil reserves. According to Fitch Solutions, only about 400 million barrels of oil has so far been produced from the Jubilee and TEN fields, since the country began oil production in the year 2011. “So far, just 400mn bbl of oil (gross) has been produced from the Jubilee and TEN fields, out of the 2.9 billion barrels in place, representing 14% of potential production”, it said. This signifies ample opportunity for Ghana’s upstream oil production. However, ongoing technical issues at both fields provide some risk to the country’s oil production potential. Previous issues...

By Abdul Rahman Bangura– NEW AFRICA DAILY NEWS (NADN) Freetown, Sierra Leone- Tractors and supplementary agribusiness machines are being hauled to three locales in Kambia and Bonthe districts to pioneer the vastest scale rice farming project in many years, hoped at reducing Sierra Leone’s dependence on the importation of rice – the country’s staple eats. The co-ordinator of the Rice Value Chain Project (RVCP) in the Ministry of Agriculture and Forestry, Abdulai Bun-Wai – Co-ordinator if the Rice Value Chain Project in the Ministry of Agriculture and Forestry, let out to the media that fifty tractors, harvesters and other heavy machinery were bossed for Mambolo and Samu in Kambia, District and Tomabum in Bonthe District for the advent of the $34.12 million project that will hire...

By Richard Adorsu- NEW AFRICA DAILY NEWS (NADN) Accra, Ghana- The African Development Bank (AfDB) approved an emergency aid of $686,000 to Madagascar intended to cope with the combined effects of the drought and the Covid-19 pandemic in the far south of the island. This aid should be used for food assistance, vital for the most vulnerable groups and support for the prevention of acute malnutrition. It is thus planned to acquire and distribute 510.52 tonnes of rice, 195 tonnes of legumes, 78.40 tonnes of vegetable oils, 34 tonnes of super cereals and 14.24 tonnes of LNS-MQ. (nutritional supplement). Food assistance targets some 72,222 beneficiaries, or 14,444 households in total. Each beneficiary will receive a ration for 15 days, for three months. As for the support for the prevention...