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By Abdul Rahman Suagibu – NEW AFRICA DAILY NEWS, Freetown, Sierra Leone- Nigeria, federal government on Thursday, said it is in the process of investing a fresh N915billion ($3.5billion) World Bank loan into the power sector. Heedless of spending N1.5trillion in the sector in the last two years, the federal government of Nigeria through the Minister of Finance, Budget and National Planning – Mrs. Zainab Ahmed disclosed this during an interview with the media; on additional meetings in Washington DC – United States. Ahmed said she would be holding further discussions with the management of the World Bank to explain how the fresh loan it is seeking would be disbursed for the country’s power project. The minister noted, the loan would be judiciously utilized for the development of...

By Abdul Rahman Suagibu – NEW AFRICA DAILY NEWS, Freetown, Sierra Leone- PEG Africa, one of West Africa’s pay-as-you-go (PAYG) solar companies has proceeded in making an elephant strides of fundraising to expand its operations in Senegal. PEG Africa arranges and finances solar to households and SMEs in West Africa via its PAYG financing model, which approves customers to replace poor-quality polluting fuels such as kerosene and diesel with solar energy. The company serves over 400,000 daily users in Ghana, Ivory Coast and Senegal, and has recently expanded into solar water irrigation and bigger solar power systems. It has finished its first twelve months in Senegal profitable, and has now allocated $ 4 million from a debt facility led by UK’s CDC group to expand operations in Senegal....

By Abdul Rahman Suagibu – NEW AFRICA DAILY NEWS, Freetown, Sierra Leone- South African government evidently wishes t to spend closest to $ 60 billion in a not too distant future on rail infrastructure. Gibela – a French-South African company known won the contract to build the 600 modern commuter trains. Hector Danisa – CEO of Gibela announced that, “The rail industry in South Africa is challenged.” The proclamation of the train project goes viral on social media campaign under the hash tag #fixourtrains. Presently, the old fleet operates under the Passenger Rail Agency of South Africa (PRASA). PRASA reported that almost a third of its commuter trains were delayed in 2017 and 2018. 13% of scheduled trains were canceled but despite the problems, there were 269 million...

BY ANIN AGYEI- NEW AFRICA DAILY  NEWS, Accra, Ghana- THE COMMUNICATION Minister of Ghana, Mrs. Ursula Owusu-Ekuful has announced that come 2020, all owners of sim cards would be required to undergo a re-registration exercise. The directive from government is part of moves to fight sim card and mobile money fraud which has gained momentum over the past months. Addressing the press, Mrs. Owusu-Ekuful announced that persons who fail to have their sim cards re-registered will have their numbers deactivated. She added that the re-registration will help subscribers to be properly identified, help track criminals and clamp down on fake identity. “The ministry has consulted all relevant stakeholders and hereby announces that from 1st January 2020, we will all be required to re-register our...