$900 Million: Ratified by the AfDB Group and the World Bank for a Multinational Power Transmission line between Mauritania and Mali…to connect 620,000 people to Electricity

By Abdul Rahman Bangura– NEW AFRICA DAILY NEWS (NADN) Freetown, Sierra Leone – The Bank, in a statement on its website, made the commitment with the partners at a roundtable in the Mauritania capital – Nouakchott on the AfDB’s website with its partners. It was believed the dialogue examined allotment alternatives for the project, which similarly involved developing solar power stations. “AfDB has worked closely with both countries to prepare the project and affirmed its interest in co-funding. “The project aligns with the Bank’s Desert-to-Power initiative, which is set to become the world’s largest area of solar power generation. “The initiative will increase solar production capacity by 100M. It will also strengthen and extend distribution networks covering nearly 1,500 km of...
Posted On 27 Jul 2023
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$720 Million: Borrowed by Ethiopia from the International Development Association in a bid to contemporize a Four Lane Motorway that unites Djibouti

By Abdul Rahman Bangura– NEW AFRICA DAILY NEWS (NADN) Freetown, Sierra Leone – The IDA is the department of the World Bank that bargains with very poor nations. It strives to boost the progression of goods and people between Addis and the microstate of Djibouti, Ethiopia’s main outlet to the Indian Ocean and world markets. The World Bank says the ambition will be “a catalyst for commerce, assisting businesses to trim their overheads and strengthen linkages to regional and global value chains”. Approximately 95% of Ethiopia’s external trade utilizes the Djibouti aisle. The project will see a 150km mud boulevard between Mieso and Dire Dawa become a four-lane highway. Presently, trucks can’t wield this road and must pursue a more indirect route on the A10. Different elements of the plan...
Posted On 26 Jul 2023
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EAC Urges African Union Members: To Eliminate Non-Tariff Barriers to Boost Intra-African Food Trade

By Richard Adorsu- NEW AFRICA DAILY NEWS (NADN) Accra Ghana- African Union Members States have been called upon to adopt policies to encourage intraAfrican trade in food production by among other things removing Non-tariff Barriers (NTBs) that currently make imports from outside the continent costly compared to locally produced food. AU Member States were further urged to invest in irrigation agriculture by moving away from the reliance on rain-fed agriculture. African countries were called upon to adopt policies that motivate the youth to take part in agriculture to ensure increased production and reduce food insecurity. These were some of the resolutions by the 14th African Union High Level Private Sector Forum that was held at the Kenyatta International Convention Centre in...
Posted On 25 Jul 2023
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United Nations Gratified: Nelson Mandela a South African Anti-Apartheid Activist that fulfilled as the first President from 1994 to 1999

By Abdul Rahman Bangura– NEW AFRICA DAILY NEWS (NADN) Freetown, Sierra Leone – He was the first black head of state and was the first elected President in a fully democratic election in South Africa. According to reports, Nelson Mandela day is empirical on July 18th every year by the United Nations(UN). The UN had in 2009 proclaimed July 18th as Nelson Mandela Day to respect the freedom fighter – Madeba. The Day inspires his transitional strides to thwart multiracial democracy in South Africa. The day was first commemorated on July 18th, 2010 on the 92nd birthday of Mandela, to celebrate the achievements of the anti-apartheid leader. To streak the first celebration of Mandela Day, fundraising programs, art exhibitions, and music concerts were organized. The theme for the Nelson...
Posted On 20 Jul 2023
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