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By Abdul Rahman Bangura– NEW AFRICA DAILY NEWS (NADN) Freetown, Sierra Leone- A certain top diamond producer – Russia’s Alrosa (MCX:ALRS), has started up exploring and prior expedition works for deposits in Zimbabwe as part of a cooperation with the nation’s Consolidated Diamond Company (ZCDC). This is an acceptable upswing to the Southern African nation’s endeavors to expand diamond mining revenues. Zimbabwe foremost commenced permitting foreign companies to dig up precious stones in 2018, opening the door to private investors. Mines minister Winston – Chitando noted at the time that his office was contemplating allowing foreigners hold majority stakes in local operations on the condition that part of their output is reserved for domestic downstream industries. Alrosa...

By Richard Adorsu- NEW AFRICA DAILY NEWS (NADN) Accra, Ghana- Liverpool have announced a three-year partnership with the Mauritius Tourism Promotion Authority and Economic Development Board as their tourism and economic development partner. The island nation want to boost their drive in becoming a leading global tourist destination and business hub of Africa. A year ago, Liverpool who are the 2019-20 Premier League champions opened an international academy in Mauritius and Chief Commercial Officer of the club, Billy Hogan is thrilled with the continuous relationship between both parties. “This is an exciting partnership and we’re delighted to build on our existing relationship with Mauritius following the opening of the LFC International Academy on the island since July...

By Abdul Rahman Bangura– NEW AFRICA DAILY NEWS (NADN) Freetown, Sierra Leone- Tanzania in the subsequent three years will evolve the outstanding power producer and supplier in the East African region following the fifth phase government spirited motion to execute the Julius Nyerere Hydropower project along Rufiji River in the Coast Region. The mega flagship advancement power project which is funded 100% by the administration of Tanzania at a huge amount of money, begun in June 2019 and is set for actualization in the second two years. The 2,115 megawatts power project will be the fourth grandest dam in Africa and ninth in the world. Africa’s largest dam is Ethiopia’s Renaissance, which is under construction, with 6,450 megawatts predicted upon culmination in 2022. The...

By Abdul Rahman Bangura– NEW AFRICA DAILY NEWS (NADN) Freetown, Sierra Leone- A subset of the African Development Bank (AfDB) – the African Investment Forum has bent on to subsidize fifteen private sector projects in Nigeria and in some other African countries $3.79 billion facility disclosed by the Africa Investment Forum. According to a release statement on July 20th, 2020,, the forum announced the facility is sought at actualizing its intention of navigating self-sufficiency and giving protection against the weight of the coronavirus pandemic on the African economy. “The Forum showcased its Unified COVID-19 Response and provided an update on its activities, as well as opportunities for new partners and investors to engage with the platform,” Africa Investment...