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By Abdul Rahman Bangura– NEW AFRICA DAILY NEWS (NADN) Freetown, Sierra Leone– Construction of this bridge is component of the Regional Trade and Transport Facilitation Project for the economic corridor between Cameroon, Equatorial Guinea and Gabon. The bridge building is part of the Regional Trade and Transport Facilitation Project for the economic corridor between Cameroon, Equatorial Guinea and Gabon. The support consists of two separate loans: the first of EUR 48.96 million, from the AfDB and the second, of EUR 24.48 million, from the African Development Fund, the Bank Group’s concessional loans window. The bridge will connect Campo, in Cameroon to Rio Campo, in Equatorial Guinea, will not only enhance the service level for the transport logistics chain along the corridor between...

By Abdul Rahman Bangura– NEW AFRICA DAILY NEWS (NADN) Freetown, Sierra Leone– Formerly…the President authorized China’s Sinomine Resource Group’s processing plant and an expanded petalite processing plant at Zimbabwe’s Bikita Lithium Mine. “I commend Sinomine Resource Group for taking heed of my government’s call for beneficiation and value addition of lithium ores by investing over $300 million into the various stages of the project,” let out Mnangagwa. He told the considerable landmark correlates with Zimbabwe’s endeavors to crystallize nation’s status as a regional and global nucleus for lithium mining and affiliated industries. “The investment is in sync with my administration’s focus on mineral beneficiation towards propelling the multi-faceted growth of our economy,” the...

By Richard Adorsu- NEW AFRICA DAILY NEWS (NADN) Accra Ghana- Africa Finance Corporation (AFC), the leading infrastructure solutions provider on the continent, today announced that it has signed a US$350 million long-term line of credit with the African Development Bank (AfDB). The agreement, which was signed during the ongoing 28th Conference of the Parties (COP 28), supports urgently needed financing for infrastructure projects to underpin sustainable development and economic growth. The collaboration is a significant milestone in a long-standing relationship, with AfDB becoming a shareholder in AFC in 2019, and the institutions co-investing in multiple transformational infrastructure projects. Most recently, both institutions joined the US, EU and governments of Angola, the...

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...