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By Abdul Rahman Bangura- NEW AFRICA DAILY NEWS (NADN) Freetown, Sierra Leone– Pan-African multilateral financial institution the African Export-Import Bank (Afreximbank) will endorse the installation of Ammonia and Urea Fertilizer’s (AMUFERT) fertilizer plant in Soyo, Angola with a $1.4 billion financing facility. Afreximbank will function as the principal arranger and financial counselor for the project, with Angolan conglomerate OPAIA Group and state-owned Sonangol P&P Natural Gas (Sonagas) administering as supporters. The African Energy Chamber (AEC), the voice of the African energy sector, lauds this endeavor, which depicts a climacteric in Africa’s quest for energy security and farming self-sufficiency. The AEC funds this project as it aligns with the common goal of...

By Abdul Rahman Bangura- NEW AFRICA DAILY NEWS (NADN) Freetown, Sierra Leone– Attending followers at a campaign rally in Wa East, Dr Bawumia underscored the integral function of agribusiness in providing food security and affordability in Ghana. “Farming is pivotal to reducing food prices,” Dr. Bawumia stated, underscoring his pledge to equip farmers with the necessary tools and resources to enhance yields. Describing in relation to Ghana’s maize yield unfavorably to Brazil and China, where agriculturalists attain enormously higher productivity per acre, Dr. Bawumia put forth importing successful agricultural practices from these countries to Ghana. He affirmed, “We will introduce proven methods from Brazil and China to our farmers in Wa East District to boost productivity.” Dr....

By Abdul Rahman Bangura- NEW AFRICA DAILY NEWS (NADN) Freetown, Sierra Leone– This unique cooperation was regularized through the swap of a Letter of Intent between Ambassador Albert Muchanga – Commissioner for Economic Development, Tourism, Trade, Industry, Mining (ETTIM), African Union Commission and Assistant Secretary-General; Sanda Ojiambo – CEO of the UN Global Compact; Fatima Kyari Mohammed – Permanent Observer of the African Union to the United Nations; and Charles Abani – Resident Coordinator of the United Nations in Ghana, at a circumstance hosted by the Global Africa Business Initiative on the sidelines of the African Union’s Sixth Mid-Year Coordination Meeting (6th MYCM) in Accra, Ghana on Saturday, 20 July 2024. Constructing on the African...

By Abdul Rahman Bangura- NEW AFRICA DAILY NEWS (NADN) Freetown, Sierra Leone– The Uganda National Coordinator for Norther Integration Projects during the Single Customs Territory (SCT) and Immigration, Tourism, Trade and Services (ITTLS) Cluster discussions kept up in Kigali Rwanda last Friday. Ambassador Richard Kabonero, Uganda’s National Coordinator for the Northern Corridor Integrated Projects (NCIPs), has underscored the desire to eradicate intra-trader barriers to improve trade within the region. “We must appreciate the critical importance of eliminating trade barriers and enhancing infrastructure to facilitate smoother regional trade within the Northern Corridor,” Kabonero said at the Single Customs Territory (SCT) and Immigration, Tourism, Trade, and Services...