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By Richard Adorsu- NEW AFRICA DAILY NEWS (NADN) Accra, Ghana-  The African Development Bank is achieving satisfactory results in Madagascar, according to the mid-term report of the Country Strategy Paper (CSP) for the period 2017-2021 and the performance review of the 2019 country portfolio, approved by the Board of Directors of the Bank. To achieve the CSP, the Bank relied on two pillars: the development of energy and transport infrastructure to support inclusive growth, and support for the transformation of agriculture and the development of industry. These pillars have had the expected benefits. In pillar I, improved access to reliable energy at a lower cost, enabled a recovery rate of JIRAMA (Malagasy public company) invoices of 89% in 2018, compared to 40% in 2015. Nearly 76,044...

By Abdul Rahman Bangura–  NEW AFRICA DAILY NEWS (NADN) Freetown, Sierra Leone- Natives of the town of Weanesue in Lower Bong County in Liberia will in three months see a growing elegant terrain in that area. This would be at play simply because, President of the Republic, Dr. George Manneh Weah, has broken ground for the construction of 100 modern housing units in the County. “The project begins immediately as of this groundbreaking ceremony,” President Weah declared on Tuesday, December 1st, 2020. He warned happy denizens that the presidential pro-poor housing project is a culmination of the pledge made in 2017 to the Liberian people. “In 2017, I came to you the Liberian people and said if you voted me President, I would work for you, and transform your lives. I...

By Abdul Rahman Bangura–  NEW AFRICA DAILY NEWS (NADN) Freetown, Sierra Leone-  In spite of import restriction, importation of chilled and freezing mackerel has entered N128.8billion ($280million) or 40% of the total annual $700 million fish imports into Nigeria in one year. The West Africa English nation’s major suppliers are Norway, Chile, Albania and United States, as fish shortage in the country stands at 2.5million tones, while production is less than 1.1 million tones. According to the United States Department of Trade (USDT), imports into the country were affected by essentially fresh, chilled and frozen mackerel, accounting for 40%. It remarked that while fresh, chilled and frozen fish also accounted for the hugest percentage of import values, while imports of dried, salted...

By Richard Adorsu- NEW AFRICA DAILY NEWS (NADN) Accra, Ghana- South Africa’s Minister for Trade, Ebrahim Patel, and the Minister for Agriculture, Land Reform and Rural Development, Thoko Didiza alongside stakeholders, signed the sugar industry master plan in South Africa. As part of the master plan, industrial users and retailers agreed to minimum offtake of sugar for a period of three years; with at least 80% of sugar consumption to come from South African farms and millers during the first year, increasing to 95% by 2023. During this period, the sugar industry has agreed to price restraint, and to begin a process of managed restructuring for the industry to help diversify revenue sources. Given the crisis facing the South African sugar industry, one that threatens tens of...