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By Abdul Rahman Bangura- NEW AFRICA DAILY NEWS (NADN) Freetown, Sierra Leone– The Timbuktoo Foundation liftoff by African leaders in January of 2024 at the World Economic Forum (WEF) in Davos, Switzerland, is a straight and focused alliance between the United Nations Development Program (UNDP), African governments, cool the private sector. A testimony issued by the UNDP on past Tuesday stated, the innovation foundation will be hosted at the Kigali International Financial Center, Kigali, the capital of Rwanda. Promulgated by the UNDP, Timbuktoo gears towards in enhancing important spaces and work with African governments, investors, corporates, and universities, to assist the African startup ecosystem. “This is Africa’s moment. And we must stand up for the continent now. I am proud to...

By Abdul Rahman Bangura- NEW AFRICA DAILY NEWS (NADN) Freetown, Sierra Leone– Faye was released from prison less than two weeks before the general elections in Senegal, along with popular opposition figure Ousmane Sonko, marshalling a political amnesty declared by outgoing President Macky Sall. The arrests of both Sonko and Faye raised eyebrows months of protests and concerns that Sall would seek a third term in office irrespective of term limits. Rights groups said dozens were killed and about 1,000 were jailed. In his maiden speech as President of Senegal, Faye recalled those killed and arrested during the protests and promised to deliver greater sovereignty for Senegal while working to build prosperity. “I am aware that the results of the elections express a profound desire for...

By Abdul Rahman Bangura- NEW AFRICA DAILY NEWS (NADN) Freetown, Sierra Leone– AfDB’s statement divulged that, the Chinese Road Builder “failed to disclose the use of a commission agent while submitting a bid in the context of a tender for the procurement of civil works for upgrading of Rukungiri-Kihihi Ishasha/Kanungu to bituminous standard, a component of the Road Sector Support Project in Uganda,” it noted on Thursday. The AfDB has stopped Chinese Road Builder China Henan International Corporation Group (CHICO) for engaging in “fraudulent activity” in a project the lender is funding in Uganda. The ban on the Henan-based constructor will last for a period of one-year effective March 28, a period in which CHICO will not be enabled to partake in any new AfDB-funded projects on...

By Abdul Rahman Bangura- NEW AFRICA DAILY NEWS (NADN) Freetown, Sierra Leone– The contract was doled by Saudi Entertainment Ventures (Seven), a subsidiary of the kingdom’s sovereign wealth fund PIF (Public Investment Fund), orchestrating the company’s aptitude to high-profile projects. The entertainment complex, dubbed “Al Kharj Entertainment Complex,” is anticipated to involve the region’s premier leisure attraction. The Al Kharj Entertainment Complex will be comfortably located between the cities of Abha and Khamis Mushait, near Abha International Airport, and will occupy an area of 64,000 square meters. The complex, which spans more than 79,000 square meters, aims to offer a diverse range of entertainment opportunities in response to Saudi Arabia’s thriving desire for recreational...