Blog Medium Without Sidebar

By Abdul Rahman Suagibu – NEW AFRICA DAILY  NEWS, Freetown, Sierra Leone- ZAMBIA, the European Union and COMESA have confirmed 8.8 million Euros Contribution Agreement to add up to private sector participation in sustainable regional and global value chains through improved investment climate and enhanced competitiveness in the COMESA region. The funds will be utilized to implement the Regional Enterprise Competitiveness and Access to Markets Program (RECAMP), focusing on agro-processing, horticulture and leather products. RECAMP will also support pre-selected value chains based on the potential to generate value addition, job creation and attraction of investments to the region. The EU Ambassador to Zambia and Permanent Representative to COMESA, HE Jacek Jankowski and...

By Abdul Rahman Suagibu – NEW AFRICA DAILY NEWS, Freetown, Sierra Leone- Dr. Akinwumi Adesina The President of the African Development Bank (AfDB), has won the 2019 African of the Year Award. Dr. Adesina received the award from the All Africa Business Leaders Awards (AABLA) constituted by Forbes Magazine, in acknowledgement of his leadership and the innovation of the Africa Investment Forum which “opened up billions of dollars of investment into the continent.” This is the ninth edition of the awards, unionized by AABLA in accordance with CNBC Africa, aims to honor leaders who have bestowed and improved the African economy. The Africa Investment Forum inducted in 2018, has been a pathfinder in thrusting investments into the continent. The second edition of the Forum which was held in...

By Abdul Rahman Suagibu – NEW AFRICA DAILY  NEWS, Freetown, Sierra Leone- RWANDA, 5th of December, 2019 authorities from Rwanda said, Shango substation the newest power transmission facility worth Rwf13.8 billion is launched in Gasabo District that will connect Rwanda and the rest of the region by extension the country’s electricity market. This facility is the largest in the country’s history so far with a capacity to transmit 220/110 kilovolts. This will enhance Rwanda to receive and share power with Uganda, Tanzania and the Democratic Republic of Congo (DRC) where there are serious challenges in infrastructure. Presently, the construction of the power transmission facility took seven months has two transmission lines to interconnect with Uganda through Mirama Hills and North...

By Abdul Rahman Suagibu – NEW AFRICA DAILY  NEWS, Freetown, Sierra Leone- Government of Sierra Leone through the Ministry of Finance on the 3rd December 2019 signature a $28.5million financing agreement with the International Fund for Agricultural Development (IFAD) to boost, rice, cocoa and palm oil production under the Agriculture Value Chain Development Project (AVDP). The largest share of the additional funds by IFAD will be devoted to rice production in the inland valley swamps, which is consistent with the priorities of government. The project has been triumvirates’ components namely: climate resilient and smart agricultural production, agricultural market development and project coordination and management. Dr. Patricia Laverley – Deputy Finance Minister said, 73% of the...