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By Abdul Rahman Bangura– NEW AFRICA DAILY NEWS (NADN) Freetown, Sierra Leone- On the 24th July 2020, the African Development Bank endorsed $27.4 million in grants to improve the African Union’s (AU) undertakings to marshal continental retort to deter the Novel Coronavirus Virus (COVID-19) plague. The authorization reaches on consensus at a committee of the expansive Bureau of the African Union Conference of Heads of State and Government with Africa’s special sector on 22nd April 2020, presided by President Cyril Ramaphosa of South Africa, who is the recent chairperson of the AU. African Development Bank President – Akinwumi Adesina, who heeded the meeting swore robust backing for the AU COVID-19 initiative. In addition, the African Union Bureau conference yelled for...

By Richard Adorsu- NEW AFRICA DAILY NEWS (NADN) Accra, Ghana- Dangote Group’s fertilizer plant, now under construction in Nigeria’s biggest city of Lagos, will be ready to start production late this year. Owned by Aliko Dangote, Africa’s richest man, the facility located in the Lekki district of Nigeria’s commercial hub, has a name-plate capacity of 3 million tons a year of urea and ammonia, making it the world’s biggest. It is in the vicinity of a 650,000 barrels a day Dangote oil refinery also under construction. Test runs started at the plant in March, though they were hampered by the disruptions that came with the coronavirus pandemic, said Maurizio Coratella, chief operating officer of Saipem SpA. “Train two commissioning and testing will start soon, as such activities will...

By Abdul Rahman Bangura– NEW AFRICA DAILY NEWS (NADN) Freetown, Sierra Leone- Botswana based coal miner – Minergy, that owns and operates the Masama Coal Mine in the Mmamabula coalfield, sent abroad its first coal by rail to South Africa on July 17th, 2020. The coal was loaded onto trucks and transported 60km to the rail at Tshele Hills, where the first of three trains – bound for an industrial client in the cement sector in South Africa – set off. Precisely, the first train comprised of fifty wagons with each wagon carrying about fifty tones of coal product, correlating to about 2,650 tones in total. The Chief Executive Officer of Minergy – Morné du Plessis says, this is a notable feat not only for Minergy but also for the export of coal from Botswana. “To watch the...

By Abdul Rahman Bangura– NEW AFRICA BUSINESS DAILY (NADN) Freetown, Sierra Leone- The Big Brother Naija (BBN) reality TV show that’s incessant, started on July 19th, 2020 will generate an approximate Two Billion Naira into the Nigerian economy, according to financial sector stakeholders. MultiChoice – producers of the show told sources, have had to assure that, the show proof in the middle of the COVID-19 pandemic is wielded under extensively severer standards in agreement with the public health and safety protocols. According to financial sector references, MultiChoice’s investments in the show have risen to N2billion because of capital-intensive projects essential for the blooming hosting of the event. These include the addition of 250 square meters (sqm) to the 1800sqm Big Brother...