Blog Medium Without Sidebar

By Abdul Rahman Bangura– NEW AFRICA DAILY NEWS (NADN) Freetown, Sierra Leone- This Western Africa nation recounted, the country’s income from gold mining corporations rose 63.5% to 403.6 billion CFA in 2019 described in relation with 2018, improved by a competitive turnover from firms regulating in the West African nation, according to a release by the government. In furtherance of this, the country’s mines ministry acknowledged; the gold mining sector developed a turnover of 1.65 trillion CFA in 2019 correlated with the earlier year, up 19%, due the increase output and a rise in global gold prices. The Spot Gold is presently trading at around $1,717 per ounce up from around $1,280 per ounce at the end of 2018. Mali’s gold output rose to 71.1 tones in last approximated with 66.8...

By Abdul Rahman Bangura– NEW AFRICA DAILY NEWS (NADN) Freetown, Sierra Leone- Introductory works on Nairobi Expressway have begun on the main construction recreations on the 27.1 Km project are scheduled for July 2020 with December 2022 being slated for actualization date. The Expressway starts at Mlolongo to JKIA, Nairobi’s CBD and ends at Westlands along Waiyaki Way. According to the Kenya National Highways Authority( KeNHA) Director-General, Engineer Peter Mundinia, this project is a public-private partnership(PPP). The road project was inaugurated by President Uhuru Kenyatta in October 2019. ” We are not going to interfere with Uhuru Park and therefore there should be no concerns from the public. There is enough land to accommodate the road project,” Eng Mundinia...

By Abdul Rahman Bangura– NEW AFRICA DAILY NEWS (NADN) Freetown, Sierra Leone- $200 million has been endorsed by President Muhammadu Buhari as an allocation of budgets for an Intervention Fund to local factories and service providers in the oil and gas sector. It was part of the President’s speech during his June 12th, 2020 Democracy Day Speech on Friday. According to the President, ‘’We continue to grow local content in other areas of the oil and gas sector with the disbursement of funds from the $200 million Nigerian Content Intervention Fund to indigenous manufacturers and service providers.’’ As at July 2019, the Nigerian Content Development and Monitoring Board (NCDMB), which is obliged to administer this fund, had expended about $160 million to local oil firms. In a related...

By Richard Adorsu- NEW AFRICA DAILY NEWS (NADN) Accra- Ghana’s railway sector is set to witness a major transformation after signing 500-million-dollar agreement between Ghana Railways Development Authority and Amandi Holdings Ltd. The project will see the construction of sections of the Western Railway Line (Standard Gauge Line) between Takoradi Port and Huni Valley, forming a total of 102 kilometers of continuous single-track railway line. Speaking at the signing ceremony, the Minister for Railway Development, Joe Ghartey, outlined the benefits of the project towards the improvement of the country’s rail network. “The impact is that, since 2012 when that construction was done, we are now connecting the railway line to the Port. That’s the first thing so the goods can move...