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By Abdul Rahman Suagibu – NEW AFRICA BUSINESS NEWS, Freetown, Sierra Leone- The U.S Agency for International Development (USAID) through and through the Prosper Africa initiative, is basking with the United Bank for Africa (UBA) to proliferate trade and investment atwix the United States and the nations of Africa. This two-way trade and investment, will see to it that; businesses are dressed up with the technical and financial tools they need to enter into new trading and investment relationships in Africa and the United States. USAID will furnish technical assistance and advisory services to prospective businesses through its Trade and Investment Hubs and will connect UBA with African Diaspora business groups working across the United States. The MOU provides UBA – the only...

By Abdul Rahman Suagibu – NEW AFRICA DAILY NEWS, Freetown, Sierra Leone- ETHIOPIA, Leading provider of aircraft engine maintenance, repair and overhaul (MRO) solutions and part of Sanad – a wholly owned subsidiary of Mubadala Investment Company (Mubadala), has promoted its business expansion motivations in Africa by validating a notable agreement with Ethiopian Airlines – the continent’s fastest growing airline and one of the reputed aviation brands in the world. Approved at MRO Africa, the agreement elucidates the way for Sanad and Ethiopian Airlines to work with a common goal and up on, untapped MRO business opportunities in the region. In the first half, the agreement will see Sanad and Ethiopian Airlines enacting a Centre of Excellence for the repair and overhaul of...

By Abdul Rahman Suagibu – NEW AFRICA DAILY NEWS, Freetown, Sierra Leone- TANZANIA and TURKISH investors have bent on to exploit an amiable relations between the two nations by jointly executing economic projects. Zanzibar’s Second Vice President – Ambassador Ali Iddi, speaking to senior management teams from two Turkish companies -GÖKYOL and DAYK noted, it was high time the diplomatic relations between Tanzania and Turkey were altered into economic diplomacy for development and prosperity for plethora citizens across the East Africa nation. The delegation from Turkey was in the country to explore investment opportunities, especially in infrastructure construction. Ambassador Iddi advised the companies’ managements to give enough of time, in a bid to thoroughly explore all the...

By Abdul Rahman Suagibu – NEW AFRICA DAILY NEWS, Freetown, Sierra Leone- LIBERIA, African Development Bank’s (AfDB) Country Manager Dr. Orison Amu in Liberia and Samuel Tweah Jr – Liberia’s Minister of Finance and Development Planning, approved financing agreements for two projects. Primarily, the Renewable Energy for Electrification in Liberia, about US$33 million firstly in the form of a grant from the AfDB and the Strategic Climate Fund’s scaling-up renewable energy programme, is to strengthen renewable energy sector growth. The funds will be directly directed, to the construction of a mini dam on the St. John River in Nimba County in Northeastern Liberia and the development of the Gbedin hydropower Falls with a total capacity of 9.34MW of power, to be transmitted through...