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By Abdul Rahman Bangura– NEW AFRICA DAILY NEWS (NADN) Freetown, Sierra Leone– IFC announced an investment in a second container terminal at Egypt’s Damietta Port that is expected to triple the port’s capacity when complete in 2025, supporting trade and economic activity in the region and creating thousands of direct and indirect jobs during the construction and operational stages. The project will support the development of a superstructure and other infrastructure at Damietta port, tripling its capacity to handle containers, while reducing the cost and time of trade. Damietta has a strategic geographical location in the East Mediterranean that is an important transit point for trade routes between Europe and Asia. The co-financing package of $455 million is for Damietta...

By Abdul Rahman Bangura– NEW AFRICA DAILY NEWS (NADN) Freetown, Sierra Leone– The AfDB let out in a declaration that the loan describes 51.8% of the project’s aggregate cost, while the Namibian government, the Namibian Administration will provide the 48.2%. The project incorporates constructing 207 km of new rail track near the existing line between Kranzberg and Otjiwarongo, utilizing concrete railway sleepers and new rails statement revealed. It let out the works comprise the construction of 16 bridges, the renovation of two stations, and procuring 55,000 rails to build 518 km of track. “Other components include modernizing the railway signaling system along the Walvis Bay-Tsumeb line to improve its reliability, safety, and capacity, as well as the overall performance of the railway...

By Abdul Rahman Bangura– NEW AFRICA DAILY NEWS (NADN) Freetown, Sierra Leone– Dr. Ezra Yakusak – Executive Director of the NEPC told that the apprenticeship was one of numerous endeavors by the Council to decrease reliance on oil and gas, while equally thriving the country’s economy. On the theme “Producing Snail for Export,” Yakusak who was represented by the NEPC Coordinator in Imo, Anthony Ajuruchi, said that snail farming had proven to have the potential to feed the nation. He said that with a total international calculation of about $2.1 billion, snail farming, if given necessary attention, could grow Nigeria’s Gross Domestic Product (GDP) particularly with the prevailing local conditions that aid the expansion of the practice such as suitable climate and availability of green...

By Abdul Rahman Bangura– NEW AFRICA DAILY NEWS (NADN) Freetown, Sierra Leone– ..as a result of this drizzle, this has enabled to bolster the growth of small and middle pods of the October-to-March main crop. Harvesting was taking the yield up and more trucks were packing beans in villages, farmers said, counting that most of the main crops would leave the bush from mid-November to late January. Plentiful of small pods were seeming on trees, said farmers from the center-western region of Daloa and the central regions of Bongouanou and Yamoussoukro, where rains were above average. They added that the harvest will be abundant in February and March if it continues to rain until late November. “We’re starting to get a lot of cocoa and the conditions are being put in place for a...