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By Richard Adorsu- NEW AFRICA DAILY NEWS (NADN), Accra, Ghana- Works have begun on the $500 million-dollar Multi-Purpose Atlantic Terminal expected to pave way for the Takoradi Harbour to increase its annual container capacity from the current 50 thousand to one million twenty-foot-equivalent units of containers. The integrated container and multi-purpose Atlantic Terminal Services is a build-operate-transfer project between IBISTEK, an indigenous firm and the Ghana Port and Harbour Authority, after GPHA granted IbisTek the concession. The dredging works begun this month with the arrival of the cutter suction dredger known as CSD Zhen He, and it is expected to be completed by April this year. The Chief Executive of IbisTek, Dr. Felix Nana Sackey, says the dredging, which is a key...

By Abdul Rahman Suagibu – NEW AFRICA DAILY NEWS ( NADN ) Freetown, Sierra Leonne- Union of Nigerian specialists in the United States (U.S.) has propose calculations in place to draw in $4 billion venture into the Nigerian economy in the succeeding two years, to exhilarate the economy of their fatherland. The experts, under the sponsorship of Nigerian American Business Forum (NABF), expressed this at their 2020 Investment Conference with the theme: “Improving Nigeria’s Economy: Opportunities and challenges”, at Tampa, Florida. They explained, despite the apparent enterprise challenges, they were deduced to employ their wealth of experience and rapport to dazzle development to their motherland. The President of the forum – Kenneth Shobola announced that, the forum has...

By Richard Adorsu- NEW AFRICA DAILY NEWS (NADN), Accra, Ghana- NIGERIA, Dangote Fertilizer Limited has begun the countdown to the inauguration of its US$2 billion Granulated Urea Fertilizer complex located in the Dangote Free Zone. With a capacity of 3 million tones per annum, the plant has been classified as the biggest project in the entire fertilizer industry. Siapem of Italy is the Engineering, Procurement and Supervision (EP) Contractor for the project, while Tata Consulting Engineers, India, is the Project Management Consultants (PMC) for the project. At this time, several critical sections of the plant are going through various stages of pre-commissioning and test-run. Virtually all the section of the plant such as Central Control Room, Ammonia and Urea Bulk Storage, Cooling...

By Abdul Rahman Suagibu – NEW AFRICA DAILY NEWS ( NADN ) Freetown, Sierra Leonne- SOUTH AFRICA, the country’s tariff income is at risk under the deal, which requires African member nations to lessen tariffs. Sources from South Africa Tax Commissioner stated that, South Africa trusts to chance losing taxes on roughly, 70 billion rand ($4.5 billion) worth of trade when a continent-wide free-trade authorization bangs in. Prime business, under the African Continental Free Trade Area, that would encircle a market of 1.2 billion people with a blended gross domestic product of $2.5 trillion, is fixed to commence July 1st. 2020. The agreement expects member states to work toward obliterating or dropping off tariffs on 90% of goods to simplify the tendency of capital and people and...