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By Abdul Rahman Suagibu – NEW AFRICA DAILY  NEWS, Freetown, Sierra Leone- Zimbabwe, Hon Winston Chitando, The Minister of Mines and Mining Development has promulgated that; the launch of the $ 12 billion mining industry construction plans by 2023 will be introduced for the first time in the history of the country by the President of Zimbabwe next week. The government and the people of Zimbabwe is expecting the best in all possible ways, that the economic restoration of the erstwhile gigantic in African nation lies in the Mining sector. In addendum, it has created a $ 12 billion mining project that will showcase the mining sector only rejuvenating the economy of Zimbabwe. Chitando revealed that “The achievement and details of the $ 12 billion target will be unpacked next week by the...

BY ANIN AGYEI- NEW AFRICA DAILY NEWS, Accra, Ghana- GOIL COMPANY Limited, one of the indigenous Oil Marketing Company (OMCs) has been inducted into the prestigious Hall of Fame category 2018 after chalking four successive feats as CIMG Petroleum Company of the Year in 2015, 2016, 2017 and 2018. GOIL at the CIMG’S 30th National Anniversary Marketing Awards, also won the Marketing-Oriented organization of the year 2018 for displaying distinguishing pillars of customer and competitor orientation, profitability organizational culture, and interdisciplinary corporation’. The company on the night, was also recognized as a CIMG celebrated legacy brand for keeping its brand going for the past 30 years and more and contributing in its ‘small way by being a trial-blazer and...

By Abdul Rahman Suagibu – NEW AFRICA DAILY NEWS, Freetown, Sierra Leone- Russia & Africa Economic Forum has set the stage for meetings between representatives of Russian and African business in the capacity as a major activity of the Russia–Africa Economic Forum on 23 – 24 October 2019. This concept was initiated by the Roscongress Foundation, the Russian Export Center (REC) and Afreximbank. It will be held at the Main Media Centre of Sochi Olympic Park as part of the Forum’s business program. This will enhance businessmen to be able to register for the event using a special online platform in their personal web office. Russian Export Centre General Director – Andrey Slepnev noted “The integration of this special business matching event into the business program of the...

By Abdul Rahman Suagibu – NEW AFRICA BUSINESS NEWS, Freetown, Sierra Leone-  Nigeria, Thursday 10th October, 2019 the Attorney General announced that, the federal government is asking for $ 62 billion from oil companies according to regulations that allow the government to revisit revenue-sharing deals on petroleum sales if crude prices exceed $ 20 a barrel. “Computing the amount that should be credited to the Nigerian government if the law was effectively applied, that translates to around $ 62 billion against the International Oil Companies,” Abubakar Malami noted. Oriental News Nigeria, reports that the Production Sharing Contracts (PSCs) were entered in good faith for the purposes of advancing the Economy of this great country Nigeria and the profit motive of the contracting...