African Development Bank: Ordained Dr. Kevin Kariuki as Vice President in the Energy Sector

By Abdul Rahman Suagibu – NEW AFRICA BUSINESS NEWS ( NABN ) Freetown, Sierra Leonne- Africa Development Bank (AfDB) maintains Dr. Kevin Kariuki as Vice President in the Energy tapping into the Kenyan skill reservoir in the energy sector. Dr. Kariuki is to assume the responsibility commencing on April, 16th 2020. Dr. Kariuki is a chartered Electrical Engineer with a little over thirty years of familiarity in power systems development, renewable energy development, strategic energy partnerships, policy, and regulation. Dr. Kariuki is attributed with developing over $ 1.75 Billion privately financed infrastructure projects across Africa. He has to accomplished all these during his term at Industrial Promotion Services (IPS) Kenya Limited where he is presently the Head of Infrastructure...

Ghana COCOBOD: Set to Receive US$600m, As AfDB Commend Ghana’s Economic Performance

By Richard Adorsu- NEW AFRICA DAILY NEWS (NADN), Accra, Ghana- African Development Bank (AfDB) has expressed profound satisfaction with the performance of Ghana’s economy. According to the Bank, Ghana’s economic growth rate and the sharp drop in its inflation rate, and the performance of key sectors of the economy, were highly impressive. Executive Directors of the AfDB came to the above conclusion after meeting with top officials of the Ghanaian Government over a period of four days in Accra. The Executive Directors reportedly met with Ghana’s Vice President, Dr. Mahamudu Bawumia, Finance Minister, Ken Ofori-Atta, Food and Agriculture Minister, Dr. Owusu Afriyie Akoto, management of Ghana Cocoa Board (COCOBOD), private sector players, and non-governmental organizations. Addressing...

Nigeria: UN Signs Partnership with PhotoWaka Africa

By Richard Adorsu- NEW AFRICA DAILY NEWS (NADN), Accra, Ghana- NIGERIA, PhotoWaka Africa was invited by the United Nations Nigeria to discuss how both organizations can partner towards achieving the Sustainable Developmental Goals. During the strategy meeting with the United Nations Nigeria, at the United Nations Information Centre (UNIC), Lagos, last week, Dr. Oluseyi Soremekun (National Information Officer), commended PhotoWaka for their efforts towards using photography for social good, thereby taking actions towards achieving the Sustainable Development Goals (SDGs). At the meeting, strategic steps were designed on how the team can do more using photography as a tool to achieve the Global Goals. “We are glad about this partnership with the United Nations Nigeria, because the...

US$200 Million Dispensed: By the Standard Bank of South Africa as it Primary Green Bond with IFC

By Abdul Rahman Suagibu – NEW AFRICA DAILY NEWS ( NADN ) Freetown, Sierra Leonne- Standard Bank of South Africa Limited has handed out its introductory perpetually green bond, via private sequence with IFC – a development finance organization directed on the private sector, part of the World Bank Group. It is a ten-year establishment with the express intentions of elevating equity for use in on-lending by Standard Bank Group’s (SDGs), Sustainable Finance Business Unit and acquiring lengthy tenor financing. The $200 million, London Stock Exchange-listed green bond is Africa’s largest green bond and South Africa’s first offshore green bond issuance. The money generated as an outcome will be used to finance qualified green assets (renewable energy, energy efficiency, water...