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By Abdul Rahman Bangura– NEW AFRICA DAILY NEWS (NADN) Freetown, Sierra Leone- Egypt has started up discussions over proposals to vend electricity to Europe and Africa, mashing its motive as a producer of reasonable renewable energy in a proposition to evolve a regional export headquarters, the head of its sovereign wealth fund asserted. Egypt, which has a plethora of electricity, sees unspecified “power-hungry” countries to the north as possible customers, according to Chief Executive Officer Ayman Soliman. Egypt could supply Europe via a planned sub-sea cable to Cyprus and Greece. “We are in talks with European infrastructure investors, advisers and energy traders to assess the viability and appetite,” Soliman declared in an interview in Cairo. The transmission line “will position...

By Abdul Rahman Bangura– NEW AFRICA DAILY NEWS (NADN) Freetown, Sierra Leone- Dr. Hinga Sandy – Sierra Leone’s Minister of Trade and Industry, informed essayists at a press briefing last week that, his ministry has begun on several institutional reforms for productive service delivery. He announced that, the new systems will enunciate to the necessities of the country as the ministry responsibilities itself to rein reliefs across the planet in order to thrive the country’s economy. Dr. Sandy furthered, one of the enormous undertakings his ministry is conducting on along with the Ministry of Finance is the enactment of a National Micro Credit Scheme that will contribute budgets for small businesses. He strengthened that, his ministry in alliance with the Ministry of Finance and...

By Abdul Rahman Bangura– NEW AFRICA DAILY NEWS (NADN) Freetown, Sierra Leone- August 12th, 2020, Uganda as a future oil reserve mining nation, was approved into the Extractive Industry Transparency Initiative (EITI) community, whose tenets compel partner states and companies to render public acknowledgment about their mineral wealth supervision procedures for accountability purposes. Literally, the EITI is a synchronized intention aroused at the Lancaster House Conference congregated in London in 2003. It sets out standards of divulgence of all information along the extractives industry significance chain from the notch of extraction, revenue generation and sharing, awarding of contracts and licenses, to final expenditure of all proceeds. Basically, Uganda is set to spend 8.07 billion...

By Abdul Rahman Bangura– NEW AFRICA DAILY NEWS (NADN) Freetown, Sierra Leone- The Director of Airtel Money Tanzania – Isack Nchunda, September 9th, 2020 disclosed that, it will pay Sh3.6 billion to its clients for their reverence in the usage of Airtel Money liturgies. Hip Dar es Salaam, Isack Nchunda – Airtel Money Tanzania Chief clarified, the dividend will be allotted to all Airtel Money clients and representatives who have been utilizing mobile money services across the country between October 2019 and March 2020. According to Nchunda, Airtel has subsystem in reimbursing accrued revenue to all Airtel Money clients and representatives since 2015. “We give back to Airtel Money customers and agents depending on the amount of balance one has on Airtel Money account on daily...