Africa CEO Forum 2020: Guests Top Business Executives

By Abdul Rahman Suagibu – NEW AFRICA DAILY NEWS ( NADN ) Freetown, Sierra Leonne- Africa CEO Forum 2020, will promote the continent’s start-ups in a momentous first-order stretch this year. According to a declaration earned from Business Insider SSA on February 24th, 2020, the forum’s objective is to plop the continent’s extensively favorable disrupters in the limelight and improve meet and greets with important Chief Executive Officer (CEOs) who could enable to precipitate their development. From Cape Town to Dakar, to Lagos, Nairobi, Casablanca, and Cairo, the African tech ecosystem is astounding the continent’s growth prototypes. Thereupon, putting forward a record-breaking $2.02 billion in the capital in 2019 (234 start-ups via 250 funding rounds, exemplifying a 74% year-on-year...

AngloGold Ashanti: To Sell South African Assets

By Richard Adorsu- NEW AFRICA DAILY NEWS (NADN), Accra, Ghana- AngloGold Ashanti said on it will sell its remaining South African assets for about $300 million to Harmony Gold. The gold miner said in May it will review divestment options for its South African assets, which include the world’s deepest mine, as it looks to streamline its portfolio and focus on assets that deliver higher returns. AngloGold said the deal includes a cash and deferred payment totaling about $300 million, subject to subsequent performance, with additional proceeds due if the West Wits assets are developed below current infrastructure. AngloGold said it identified Harmony as the most suitable party to acquire these assets during the nine-month sales process due to its financial capacity and capability of...

Uganda: Stanbic Seposes Small Medium Enterprises for Oil and Gas Sector

By Abdul Rahman Suagibu – NEW AFRICA DAILY NEWS ( NADN ) Freetown, Sierra Leonne- Stanbic Bank Uganda, through its Business Incubator, has reached into a pact with the Uganda National Oil Company to improve national content. This agreement pursues to heighten Small and Medium Enterprises by imparting employment aptitudes on how to continue tolerable and grow their sales. The two forces will also give technical backing of facilitators to help equip the businesses to make them prepared to participate in the oil and gas sector. Stanbic Bank’s Chief E – Patrick Mweheire stated: “We are pleasured to be partnering with UNOC in this meaningful enterprise that endeavors to promote participation and improvement of national body in the oil and gas sector.” Uganda National Oil...

U.S. African Development Foundation: Announce Funding for the Academy for Women Entrepreneurs

By Abdul Rahman Suagibu – NEW AFRICA DAILY NEWS ( NADN ) Freetown, Sierra Leonne- Ivanka Trump, daughter and advisor to the U.S President on Feb February 21st, 2020 verified new cooperation in assistance of the White House-led Women’s Global Development and Prosperity Initiative (W-GDP). The agreement between the U.S. Department of State’s Bureau of Educational and Cultural Affairs (ECA) and the U.S. African Development Foundation (USADF) will enhance the Academy for Women Entrepreneurs (AWE). AWE was established in 2019 and inaugurated in twenty-six nations around the world to subsidize W-GDP, which strives to economically entrust fifty millions of women in the evolving world by 2025. “W-GDP is the first-ever whole-of-government approach to women’s economic...