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By Abdul Rahman Bangura– NEW AFRICA DAILY NEWS (NADN) Freetown, Sierra Leone- According to release from the Nigerian Content Development and Monitoring Board (NCDMB) that, between 2014 and 2018, the nation’s oil sector disbursed a total of $3.047 billion on marine vessels. And that NCDMB divulged that 73% of the total $3.047 billion was paid on crew boats, security vessels, diving support vessels, and quick supply intervention vessels. Simbi Wabote – Executive Secretary NCDMB who submitted the evidence of the spending, noted over $600 million is expended yearly on more than 20,000 ships operating on Nigerian waters. The Executive Secretary added, the Board wished undone that, most of the vessels that operate in the Oil Industry are taken to Ghana, Equatorial Guinea, Cameroun, and...

By Richard Adorsu- NEW AFRICA DAILY NEWS (NADN) Accra- Ghana has approved a total of 598.7 million Euros loan agreement with the Deutsche Bank to finance the construction of sections of the Western railway lines. The agreement covers the proposed construction of  Standard Gauge from Takoradi Port to Huni Valley. With loan comprises facility agreement of €523,000,000 and Commercial Loan of €75,657,500 between the Government of Ghana and the Deutsche Bank. Additionally, the House also approved a request for waiver of import duties, import VAT, NHIL, GETfund levy, Exim levy, special import levy and Domestic VAT amounting to €72,287,717.64 on project materials and equipment to be imported for the execution of the project. The terms and conditions of the loan agreement consist of facility...

By Abdul Rahman Bangura– NEW AFRICA DAILY NEWS (NADN) Freetown, Sierra Leone- Albert Chalamila, Mbeya Regional Commissioner on August 16th, of this year, ceded five acres to agro processors for the construction of fifty small and medium industries. And the said five acres were assigned to the Tanzania Food Processors Association of Women Entrepreneurs (TAFOPA) – the processors of fruits and vegetables. Consequently, the industrial reserve area will be utilized by Kibowavi Project, an association of fruits and vegetable processors funded by a Swiss organization called Helvetas. Mbeya Regional Commissioner Albert Chalamila asserted at the occasion that, as Mbeya inhabitants were pleased to Helvetas for setting aside 1bn/- for setting up industries that would be govern by women and...

By Abdul Rahman Bangura– NEW AFRICA DAILY NEWS (NADN) Freetown, Sierra Leone- Burundi which is on one of the East African nations, is an erstwhile German colony and subsisted under Belgium rule until attaining independence for almost sixty years ago. According to reports, the East African nation schedule to ask Germany and Belgium – former rulers to pay damages and not just cash to the tune of €36 billion ($42.6 billion) in reparations for colonial rule, media reports released on August 16th, 2020 let out. Furthermore, the government’s parliament has put concurrently a panel of specialists to evaluate the damage done during colonialism and recommend on the cost of damages, according to Radio France International. The broadcaster announced, once the amount has been agreed on,...