Blog Medium Without Sidebar

By Richard Adorsu- NEW AFRICA DAILY NEWS (NADN) Accra Ghana- The informal sector in South Africa is showing signs of a movement away from cash, a new Mastercard study has found. In a white paper titled ‘Driving Financial Inclusion In South Africa’s Informal Economy: The Landscape At The Bottom Of The Pyramid’, Mastercard interviewed underserved consumers and Small, Medium and Micro Enterprises (SMMEs) in the informal sector in South Africa to establish factors that would democratize and widen financial access and enable equitable financial inclusion. South Africa, the continent’s second biggest economy, with a population of over 61 million, has a large informal sector with an estimated at 3.3 million micro and informal businesses. This informal sector accommodates marginalized...

By Abdul Rahman Bangura– NEW AFRICA DAILY NEWS (NADN) Freetown, Sierra Leone – Etienne Bailey – the Director of the Project Implementation Unit at the TRANSCO CLSG steered the team followed by TRANSCO’s Engineering Coordinator – Erik Achi, and the Procurement and Contract Management Specialist – Mohamed Keita. TRACTEBEL-ENGIE the Owner’s Engineer for TRANSCO CLSG and AECOM the Owner’s Engineer for OMVG participated in the Meeting. The OMVG was represented by its General Secretary, Dauda Samble Sow. …Dakar, the meeting brought out a positive thus, there is a pact to interconnect the networks as a result bolstering the CLSG network to bolster the transmission of abundant electricity across the nations. The two organizations are impressive with the progress made in their diverse projects...

By Abdul Rahman Bangura– NEW AFRICA DAILY NEWS (NADN) Freetown, Sierra Leone – The Dangote Petroleum Refinery, which covers an area calculated at 2,635 hectares— about times the size of Victoria Island in Lagos, Nigeria—is anticipated to be Africa’s biggest oil refinery and the world’s enormous single-train facility. A single-train refinery wields a single integrated processing unit to perform all refining operations such as distillation, cracking, and purification. The Dangote complex same will incorporate refining with petrochemical production, producing not only various petroleum products but similar petrochemicals such as polypropylene and polyethylene. The refinery pipeline infrastructure is similarly the vastest in the world, with 1,100 kilometers to handle 3 billion standard...

By Abdul Rahman Bangura– NEW AFRICA DAILY NEWS (NADN) Freetown, Sierra Leone – In the opening of Tanga City’s largest Liquefied Petroleum Gas (LPG) depot constructed by Lake Gas Limited – a branch of the Lake Group of Companies Managing Director/CEO of Absa Bank Tanzania Limited – Obeid Laiser vowed to bolster the corporation’s undertakings to boost investment in LPG merchandise by way to curtail the usage of charcoal and save the environment. “They were now putting money into LPG. This is their biggest investment since beginning to invest in LPG in Tanga in 2018. “They started with a capacity of 1,000 metric tons, but we helped them expand to a capacity of 3,000 metric tons,” Laiser stated. Ali Awadh – Chairman of the Lake Group of Companies,...