Morocco: Gaits Foreign Direct Investment Expansion into Casablanca

By Abdul Rahman Suagibu – NEW AFRICA DAILY NEWS, Freetown, Sierra Leone- One of the world’s leading industrial instrumentation and maintenance companies – Yokogawa Group divulged its plans to launch a subsidiary in Morocco’s largest city – Casablanca. Although the company already operates in Africa through distributors and integrators such as Metis Africa which cover a dozen Sub-Saharan countries, Yokogawa is set to take on the Moroccan market directly. The group is geared to increase its customer base in Morocco in diverse economic sectors; such as energy, chemicals and petrochemicals, drug manufacturing, Agric –food and water/waste treatment. Quite recently, a German electrical and electronic industrial technology company, Phoenix Contact launched a subsidiary in Morocco. Also, in...

Sierra Leone: FIFA under 20 World Cup Winning Coach Named as Head Coach

By Abdul Rahman Suagibu – NEW AFRICA DAILY NEWS, Freetown, Sierra Leone- FIFA U – 20 World Cup winning coach – Sellas Tetteh has been appointed the head coach of the Sierra Leone national team, the Sierra Leone Football Association have announced. The Ghanaian trainer is making a return to the West African nation for a second stint after handling the Leone Stars between 2015 and 2017. The 62 year old has loads of experience in the field having guided Ghana to win the under 20 FIFA World Cup in 2019, the only African coach to achieve such a feat for an African nation. Tetteh also led the Ghana under 20 to the FIFA World Cups in 2013 and 2015 finishing 3rd and round of 16 respectively. Tetteh beats his competitors shortlisted – Goran Stevanoic, Peter Butler, Tahseen Jabbary and John...

South Africa and Tanzania: Acquiesce to Boost Cooperation in Trade

By Abdul Rahman Suagibu – NEW AFRICA DAILY NEWS, Freetown, Sierra Leone- South Africa and Tanzania on Thursday the 15th August 2019 promulgated a Joint agreement to revitalize cooperation in trade and investments. John Magufuli, Tanzanian President, love in having  more South African businessmen invest in his country and requested South African President – Cyril Ramaphosa to expedite his request. “South African investors are capable of putting up industries for manufacturing pharmaceuticals and minerals processing and Tanzania was readily prepared to offer any assistance they needed”, said the president. Ramaphosa said, there were already 228 South African companies in Tanzania employing 21,000 people and promised to bring more investors to Tanzania. In addendum South Africa will...

Cameroon: £22 Million Investment to Strengthen, Power Supply with 25 MW Solar Projects

By Abdul Rahman Suagibu – NEW AFRICA DAILY NEWS, Freetown, Sierra Leone- Cameroon Power Utility Energy of Cameroon S.A. (Eneo) has signed a memorandum of understanding with Norwegian solar developer Scatec Solar for the construction of two PV plants with a total installed generation capacity of 25 MW. The utility disclosed in a press release, a 10 MW project will be located in Guider in the North Region of Cameroon and another 15 MW facility is arranged for Maroua in the North region. The two projects, is to be commissioned at a certain date in 2020, are expected to require an investment of 22 Million Pounds. The facilities, which will sell electricity to Eneo under a long – term power purchase agreement, are geared towards revamping the power supply in the North Interconnected Grid...