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By Abdul Rahman Suagibu – NEW AFRICA DAILY NEWS, Freetown, Sierra Leone- Saturday 27 July 2019, Ethiopian government plan to rejuvenate the country’s revenue through the mining sector by six folds during the just started Ethiopian fiscal year. The government also announced the formation of a national coordination committee to gain it plans. The steering committee that brought together various Ethiopian ministries will “reinvigorate activities that can improve the sector and increase the benefits the country can secure from the sector”. Sources from the Ethiopian authority stated that, the national revenue coming from the mining sector has displayed only $44 million during the recently concluded Ethiopian fiscal year. Gaps in legal frameworks, lack of integration among...

  BY YESMAN ANTOH-     NEW AFRICA DAILY NEWS- A SURVEY of Made in Ghana goods sold in Ghana’s leading supermarkets has shown that only 18% of goods in 23 product categories surveyed are locally produced. The survey (conducted between April and May 2019) covered eight leading supermarkets in Accra: Shoprite (Accra Mall), Game (Accra Mall), Palace Supermarket (Palace Mall), Koala (Osu), Maxmart (37), CityDia (La), Melcom (North Kaneshie) and Marina Mall Supermarket (Airport). The survey focused on twenty-three (23) main product categories chosen based on a preliminary baseline survey that identified product areas in the supermarkets with MIG goods on display. The research by international advisory firm Konfidants, is the first in a series of Africa-wide surveys to monitor...

By Abdul Rahman Suagibu – NEW AFRICA DAILY NEWS, Freetown, Sierra Leone- African Infrastructure Investment Manager (AIIM) has reached it threshold of its flagship Pan-African infrastructure fund AllF3. The AIIM raised $320 million from various investor base across Africa, Asia and Europe. In a statement, AIIM expounded from genesis, the organization has raised cumulative commitments of $2.2 billion over seven funds and carried out more than 56 transactions successfully in target Pan-African Markets. As it hinged on diversification and predictable cash flows, AllF3 targets significant influence investments across the power, transport and midstream energy sectors in sub-Saharan Africa. These areas reflect the biggest disconnect between demand for critical infrastructure and supply of...

By Abdul Rahman Suagibu – NEW AFRICA DAILY NEWS, Freetown, Sierra Leone- German Africa Business Forum (GABF) has pronounced a multi-million Euro funding commitment to invest in German energy startups in Africa, GABF goal is to augment investment ties between German and Africa in a bid to provide the funding in collaboration with private partners from the energy industry. GABF co-founder Sebastian Wagner noted in a statement; “Our initial goal is to support the investment in German companies and to start with funding allocations by the end of this year” Said Sebastian Wagner, “Through our Partners, we will immediately get involved in investing in solutions-driven German startups with pragmatic business models to solve Africa’s energy challenges through the provision of German...