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By Richard Adorsu- NEW AFRICA DAILY  NEWS (NADN) Accra, Ghana- The Economic Commission for Africa (ECA) launched its flagship Economic Report on Africa (ERA), empowering the continental private sector to thrive and drive economic growth and recovery. The report titled: “Innovative Finance for Private Sector Development in Africa,” looks at innovative financing as a way of providing solutions to the challenges of private sector financing, to increase its resilience to the effects of the global coronavirus pandemic. The report was prepared by the ECA’s Private Sector Development and Finance Division. The Report was presented during a virtual launch attended by some of Africa’s most eminent minds in the business and finance sectors, government officials, civil society, academia,...

By Abdul Rahman Bangura–  NEW AFRICA DAILY  NEWS (NADN) Freetown, Sierra Leone-  Fatou gold project, has a chronological compliant NI 43-101 reserve of over 350 000 oz which is anticipated to improve, founded on a funded nine month drilling programme. In concurrency with the obtainment, Kodal Minerals has obtained a subsidiary-level project funding undertaking from AIM-quoted Riverfort Global Opportunities Plc and Riverfort Global Opportunities PCC to provide up to US$2,500 million to finance portion of the accession, execute a major analysis crusade at Fatou and fund exploration at the firm’s extra gold projects in Mali and Côte d’Ivoire. Bernard Aylward – CEO of Kodal Minerals remarked, “This is an exciting opportunity for Kodal to acquire an advanced gold project that has...

By Abdul Rahman Bangura–  NEW AFRICA DAILY  NEWS (NADN) Freetown, Sierra Leone- Talking at the virtual “Future Proof Palm Oil” forum, Hisamuddin Mohamad Aspar, Regional Manager of product development for Central Asia at the Malaysian Palm Oil Board, explained that with most regions banking on imported oil and fats, this was a key opportunity for Malaysian suppliers. He announced that over 2.3 million tones of oil and fat were imported yearly to Central Asia (Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, Uzbekistan) and Iran, much of which is sunflower oil, which presents plenty of room for palm oil to thrive its market percentage. “Palm oil market share in the region is still low at below 7%, and there is room for expansion particularly in the production of solid fats and blended...

By Richard Adorsu- NEW AFRICA DAILY  NEWS (NADN) Accra, Ghana- Agriculture is important not only for food security issues but also for inter-regional food integration, African Development Bank Director of Macroeconomic Policy, Forecasting and Research, Hanan Morsy, has said. Speaking during a news conference on the opening day of the African Economic Conference 2020 she said “We see this as an area that needs particular support, an area of opportunity going forward to increase inter-regional integration and to increase resilience against external shocks.” The African Development Bank has provided much-needed financial and technical assistance to the sector, including small scale agribusinesses. In June 2020, the Bank launched the Feed Africa Response to COVID-19 (FAREC), a strategic...