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By Abdul Rahman Bangura – NEW AFRICA DAILY NEWS ( NADN ) Freetown, Sierra Leonne- Nine airlines express investment to rent out Air Zimbabwe’s double protracted cargo Boeing 777-200ERs aircraft got by Malaysia in an agreement anticipated to yield $400,000 monthly. It is believed that Ethiopian Airlines is discerned to be steering the batch in the lease negotiations. Air Zimbabwe’s assistant administrator, Tonderai Mukubvu of Grant Thornton – Air Zimbabwe’s Deputy Administrator announced on March17th, 2020 that, hiring the airliners and utilizing the income to amass smaller aircraft acquire stabilize healthy trained and provincial services made more sense at the minute than gushing to ascertain multinational trails that are costly to improve. The dividend realizes, would also entitle...

By Abdul Rahman Bangura – NEW AFRICA DAILY NEWS ( NADN ) Freetown, Sierra Leonne- National Bank of Rwanda (NBR) March 19th, 2020 declared openly that, it had put in place $53 Million encouragement capital to boost the liquidity of commercial banks in order to maintain loans to the private sector. These are one of the interventions by the central bank to hamper the impact of coronavirus on the economy. It’s reckoned that, this promising efforts by the Central Bank of Rwanda is anticipated to promote banks with liquidity challenges to operate for short periods of time in a bid to proceed inoculating money into the economy. The fund will be flexible with windows ranging from overnight to 3, 6 and 12 months. “This facility is available for the next six months and shall be disbursed...

By Richard Adorsu- NEW AFRICA DAILY NEWS (NADN) Accra, Ghana- African Development Bank ( AfDB ) and Government of Nigeria have launched National Electrification Project (NEP), to address critical energy access deficits by channeling private sector investments into mini-grid and off-grid solutions. The project, which will be implemented by Nigeria’s Rural Electrification Agency, is a boost to efforts to achieve the target of universal energy access by 2030. Joint financing of  US$200 million from Africa Development Bank and Africa Growing Together Fund (AGTF) will help to scale-up private sector investment in the off-grid sector, nurturing a business ecosystem conducive to the rapid electrification of Nigeria’s off-grid communities. Speaking at the launch, Nigeria’s Minister of State...

By Abdul Rahman Bangura – NEW AFRICA DAILY NEWS ( NADN ) Freetown, Sierra Leonne- Lawmakers in the House of Representatives in Liberia, have approved a $40 million consensus as a direct budgetary subsidy with the International Development Association (IDA) to literally fund the fiscal year 2019/2020 national budget. Anyhow, the financing agreement, the “First Inclusive Growth Development Policy Operation”, has already been endorsed between the Liberian Government, which was characterized by Finance and Development Planning Minister – Samuel Tweah and the World Bank Country which was affected by its Manager- Dr. Khwima Nthara. Nonetheless, in congruence with a constitutional prerequisite, President George Weah is pursuing Legislative endorsement to consummate the...