Blog Medium Without Sidebar

By Richard Adorsu- NEW AFRICA DAILY NEWS (NADN) Accra Ghana- International Finance Corporation, IFC, provided record financing in Africa in fiscal year 2023, helping to accelerate the continent’s energy transition, develop greener manufacturing, increase intra-Africa trade, strengthen smaller businesses, and boost local food production, including in more challenging fragile and conflict-affected regions. IFC made $11.5 billion in investments between July 1, 2022, and June 30, 2023, across 40 countries, the largest ever annual commitment for the continent. The support includes $1.12 billion in trade financing, $876 million for the continent’s green energy transition, and $1.98 billion to help smaller businesses grow and create jobs. IFC also provided $1.76 billion to boost...

By Richard Adorsu- NEW AFRICA DAILY NEWS (NADN) Accra Ghana- The divided ECOWAS, it’s commission body through Directorate of Free Movement of Persons and Migration organised a meeting for Needs Assessment and Project Identification for Cross-Border Women in Development Networks (WID). The event took place in Accra, Ghana. The primary objective of the meeting was to assess the needs and identify potential areas of intervention for women in border communities across ECOWAS Member States. This first phase of the meeting brought together representatives of Women Groups from Benin, Ghana, Guinea-Bissau, and Nigeria. Mr. Albert Siaw-Boateng, the Director of Free Movement of Persons and Migration at the ECOWAS Commission, delivered the opening remarks on behalf of the Commissioner in...

By Richard Adorsu- NEW AFRICA DAILY NEWS (NADN) Accra Ghana- African Development Bank Group has awarded grant funding totaling $84.3 million to Ethiopia to advance wheat production and increase farmers’ incomes. Ethiopia’s Finance Minister Ahmed Shide and African Development Bank Group Deputy Director General for East Africa, Abdul Kamara, signed the grant agreement for the implementation of the country’s Climate Resilient Wheat Value Chain Development Project (CREW). The grant comprises $54 million from the African Development Fund, the Bank Group’s concessional lending window for low-income countries, $20 million from the Government of the Netherlands, $10 million from agribusiness firm OCP Africa, and $300,000 from the Global Center on Adaptation. The Ethiopian government will...

By Abdul Rahman Bangura–  NEW AFRICA DAILY NEWS (NADN) Freetown, Sierra Leone– With the theme: “Globalization And Regional Economic Integration: Implications For Sustainable Development In Africa”. Bit on the recommendations made at the National Institute Seminar for Executive Intelligence Management Course (EIMC), 16 at the National Institute for Security Studies (NISS) in Abuja, the stakeholders avow International conspiracy as the main source of delay in the implementation of a single currency and trade facilitation. Professor Abubakar Rasheed, Vice-Chancellor University of Abuja doubling as the Chairman of the program, said a single currency in Africa as a region will usher in development, unity, and economic increase of the African region in its entirety. Exemplified by the...