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By Abdul Rahman Bangura– NEW AFRICA DAILY NEWS (NADN) Freetown, Sierra Leone-  The African Development Bank (AfDB) was appointed in a survey of bond market performers as the best issuer in 2020 of a COVID-19 bond for its $3 billion dollar denominated Fight of the Novel Coronavirus (COVID-19) social bond published on March 27, 2020. The winners of the Global Capital Bond Awards 2020, were declared openly on September 30th, 2020 at a liturgy kept virtually for the first time in 12 years. Global Capital is a prominent source of information on global capital markets with coverage of all market segments. “We are grateful for the market’s recognition of the Bank’s effort in responding quickly to the needs of the continent with its Fight COVID-19 Social Bond which is an important instrument...

By Abdul Rahman Bangura– NEW AFRICA DAILY NEWS (NADN) Freetown, Sierra Leone- Supposedly, Celestin Rwabukumba – Chief Executive Officer of the Rwanda Stock Exchange (RSE), endorsed according to media sources. In furtherance to this, in order to attain single market trading, the Dar es Salaam Stock Exchange (DSE), the Uganda Securities Exchange (USE), and the RSE will integrate their trading systems and adjoin to the information technology platform, EAC Capital Markets Infrastructure (CMI). The software developer is the Pakistani Company InfoTech Private Ltd. Moreover, this is part of a project subsidized by the World Bank and ratified in March 2011. The objective of the project was to place the foundation for the financial sector integration among the East Africa Community (EAC)...

By Richard Adorsu- NEW AFRICA DAILY NEWS (NADN) Accra, Ghana- World Business Angels Investment Forum announced the African Development Bank as its newest board member. In this capacity the bank will represent Africa’s early-stage equity markets, entrepreneurship and startup ecosystems, small and medium enterprises and high growth businesses, angel investors, and private equity funds. Abdu Mukhtar, the Bank’s Director of Industrial and Trade Development, will occupy the Bank’s Board seat. ”We are delighted to have the African Development Bank Group as a global board member of the World Business Angels Investment Forum,” said Baybars Altuntas, WBAF’s Executive Chairman. I am confident that by including AfDB, WBAF will be able to provide a wide range of opportunities for startups,...

By Abdul Rahman Bangura– NEW AFRICA DAILY NEWS (NADN) Freetown, Sierra Leone- Zimbabwe’s Lafarge Cement (Lafarge), is fixed to finalize the installation of a $2.2 million Dry Mortar Mix (DMX) plant during next slice of 2020 as the cement-maker bent on in bolstering its production capacity, 263 Chat Business has ascertained. Thus, the project is fraction of Lafarge Holcim Group’s $25 million recapitalization of its Zimbabwean subsidiary that was disclosed in 2019. “Currently, the DMX plant is being installed and is set to be completed in the second half of 2020, while the Vertical Cement Mill supply contract was signed in August 2020,” said the Group’s Chairman – Kumbirai Katsande. Moreover, Lafarge has been manufacturing DMX products for many years although on a small scale and...