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By Abdul Rahman Suagibu – NEW AFRICA DAILY  NEWS, Freetown, Sierra Leone- Real owners of African Development Bank (AfDB) have confirmed $ 115 billion capital increment to arouse Africa’s development and growth. According to the AfDB’s statement, the approval was given at an extraordinary shareholders’ meeting on Thursday 31st October, 2019 in Abidjan. It said that, the capital increment was the largest in the history of the bank since it was established in 1964. “With the approved increase, the capital of the bank would more than double from $ 93 billion dollars to 208 billion dollars. “This solidifies the bank’s leadership on development financing for the continent. “The boost in capital ensures that the bank will continue to maintain a sterling AAA rating, all stable from the top...

By Abdul Rahman Suagibu – NEW AFRICA DAILY  NEWS, Freetown, Sierra Leone- United States, sudden uprising of the fine grained sedimentary rock gas, at the first half of this decade; the United States climaxed the global oil and gas rankings. Last year, it averaged 17.87 million b/d, which accounts for 18 % of the world’s production. This is up from the 15.6 million b/d in 2017. In December of 2018, the US administration launched its Prosper Africa initiative with the vision to open markets for American businesses, grow Africa’s middle class, promote youth employment opportunities, improve the business climate and enable the United States to compete with China and other nations who have business interests in Africa. The $ 50 million program will offer technical aid to companies...

By Abdul Rahman Suagibu – NEW AFRICA DAILY  NEWS, Freetown, Sierra Leone- South Sudan and Egypt have given an endorsement of a Memorandum of Understanding (MoU) considering cooperation in the field of downstream oil and gas. South Sudan will dart its maiden licensing agreement in the first quarter of 2020 regarding thirteen blocks onshore open for tender. As a real testament to South Sudan’s growing attractiveness as an investment destination, South Sudan hosted delegations and officials from Kenya, Ethiopia, Egypt, Somalia, Norway, United States and South Africa to discuss oil and future oil investments. Minister of Petroleum of South Sudan- Daniel Awow Chuang in his address, expressed the country’s vision in the oil and gas sector, amongst increased production numbers. “The oil...

BY ANIN AGYEI- NEW AFRICA DAILY  NEWS, Accra, Ghana- EIGHTEEN YOUTH from Newmont Goldcorp Akyem have graduated from a Mine and Process operation at New Abirem under the company’s Learnership Training Programme. The graduates, who are the fourth batch under the Learnership Program, underwent one-year training within the community. The Learnership Training Programme is a human development initiative aimed at providing unemployed youth in the Akyem mine communities with technical skills to expand their career options. The programme, which began in November 2015, has seen 76 community youth trained in various modules. “Newmont Goldcorp Ghana recognises capacity building as an effective avenue for developing talents to strengthen local economies,” Dr. Osenkor Gogo, Acting Communications...