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By Abdul Rahman Suagibu – NEW AFRICA DAILY  NEWS, Freetown, Sierra Leone- UGANDA, Annual performance report of the House of Parliament, Shs 6.15 trillion has been given as loans in 2019. Inclusively , Shs768 billion ($210 million) loan from the Islamic Development Bank (IDB) for the upgrade of Rwekunye-Apac-Lira-Acholibur Road, $110 million also from IDB for the upgrade of Muyembe- Nakapiripirit Road, Shs18.29 billion ($5 million) from the Export-Import Bank of India and Shs54.89 billion (US Dollars 15 million) from the African Development Bank [AfDB] as guarantee for credit lines to Uganda Development Bank Limited (UDBL). In concert with the above, $ 379.71 million in promissory notes to FINASI/Roko Construction SPV Limited for the construction of the International Specialized...

By Abdul Rahman Suagibu – NEW AFRICA DAILY NEWS, Freetown, Sierra Leone- TANZANIA, The African Development Bank (AfDB) has signed US$ 55 million facility to revamp implementation of reforms to improve Tanzania’s economic competitiveness and private sector participation in the country’s growth. These reforms will serve as a catalyst to lead to viable and more stronger economy, that will enhance proper living conditions of Tanzanians, with particularity to the ordinary people, destitute and needy people inclusively, women and youth. “Tanzania’s private sector is dominated by small enterprises mostly in smallholder agriculture and small informal non-farm businesses,” stated Abdoulaye Coulibaly, the Bank’s Director of Governance and Public Financial Management Department....

By Abdul Rahman Suagibu – NEW AFRICA DAILY NEWS, Freetown, Sierra Leone- NIGERIA, African Development Bank’s investments in West Africa are remarkably showing good dividends. As disclosed. The President of the Economic Community of West African States (ECOWAS) – Jean Claude Kassi Brou, announced in Abuja, at the bloc’s Fifty-Sixth Ordinary Session, attended by regional heads of state and governments that; the Bank had provided “invaluable technical and financial interventions… in the implementation of numerous projects and programmes”. The region’s economy is showing a elephantine strides and achievements, reaching 3.3% growth in 2019, he noted, “despite facing significant challenges, particularly with regards to security. ECOWAS member states...

By Abdul Rahman Suagibu – NEW AFRICA DAILY  NEWS, Freetown Sierra Leone- United States-based manufacturer of solar panel, lighting and batteries - Triton Solar has disclosed that, it would be spending $300 million or more in Nigeria. It’s recorded that, the Company’s Managing Partner, Global Head of Business – Bhagi Sandilya stated on the on the main item of his visit with the Chairman/Chief Executive Officer of Silicon Valley Nigeria Economic Development Inc – Chief Temitope Ajayi, to an erstwhile Minister of Industry – Alhaji Bamanga Tukur. Sandilya expounded that, Triton Solar intends to invest $100 million into setting up three plants of the company to be located in Lagos, Oyo State and Federal Capital Territory, Abuja.  “The total investment worth of this plant...