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By Abdul Rahman Bangura– NEW AFRICA DAILY NEWS (NADN) Freetown, Sierra Leone – Akinwumi Adesina’s – President of AfDB started on Monday, May 15th, 2023, shows up after retired growers declined a preliminary bargain to obtain an expenditure within 10 years via treasury bills, according to an email seen by Reuters that the Commercial Farmers Union Director mailed to members last week. Zimbabwe concurred in 2020 to reimburse local white planters whose land was seized by the administration from 2000 to 2001 to resettle Black families, in one of the most divisive policies of the Robert Mugabe era, while foreign white growers were authorized to apply to get seized land back. “It is important to try and fast track and front load these payments. Additional delay will cause lack of trust,”...

By Richard Adorsu- NEW AFRICA DAILY NEWS (NADN) Accra Ghana- Following years of delays and regulatory hurdles, Dangote Industries Limited is preparing for a ceremonial opening this month at its Lekki Refinery in Lekki, Nigeria, which will be the biggest refinery in Africa. The company expects the facility’s crude distillation unit (CDU) will begin commercial operations by the end of June. Industrial Info is tracking more than US$14 billion worth of active projects at the Lekki Refinery, which accounts for just less than half of the total investment in all active refining projects across Nigeria. The Lekki Refinery will increase Nigeria’s refining capacity to 3.24 million barrels per day (BBL/d). Once commissioned, its single, 650,000-BBL/d CDU will be the biggest in the...

By Abdul Rahman Bangura– NEW AFRICA DAILY NEWS (NADN) Freetown, Sierra Leone – Captan addressed correspondents over the weekend during the commissioning of the LEC Unit power plant at the maintenance at the LEC Mount Coffee Hydro in Harrisburg. Captan noted that the Liberia Electricity Corporation, is presently run by Liberians themselves who regulate and retain the whole electricity sector of Liberia. He further expanded that Liberians being in charge of LEC establishes the stride for sustainability and steady management of stable electricity, without having to pay foreigners to come to Liberia and do the work that Liberians can do. “They said we couldn’t run LEC after ten years of foreign management, but now Liberians themselves are running LEC. They are operating and maintaining...

By Abdul Rahman Bangura– NEW AFRICA DAILY NEWS (NADN) Freetown, Sierra Leone – …about two-thirds of a pipeline that will carry gas produced in the South of Nigeria to the power-deprived in the North, has been completed. The 614- kilometer project is advancing slower than initially predicted, the Nigerian National Petroleum Company has expended more than $1 billion on it and endures devoted to the growth, the company’s Chief Executive – Mele Kyari, told columnists on past Monday. An article in the Lagos-based Guardian on April 19th, 2023 had said construction had slowed due to a dearth of accessible financing. “We are continuing to fund it even though do not have third-party financing on this a project,” Kyari told during an assessment of building work. “We have so far spent over...