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By Abdul Rahman Bangura- NEW AFRICA DAILY NEWS (NADN) Freetown, Sierra Leone– Globally, the program is expected to directly benefit 1,104,728 farmers and indirectly 5,612,415, at least 50% of the beneficiaries will be women. The Board of Directors of the African Development Bank Group authorized $102.79 million for the Multinational (Guinea, Senegal and Togo) Promotion of Sustainable Agricultural Value Chains in Special Agro-Industrial Processing Zones Program that bolsters sustainable agricultural value chains around agro-industrial processing zones (SAVC-SAPZ). This project extends the integration of climate change and reduction of low greenhouse gas (GHG) emissions in three Special Agro-Industrial Processing Zones (SAPZ) projects presently being implemented in the three...

By Abdul Rahman Bangura- NEW AFRICA DAILY NEWS (NADN) Freetown, Sierra Leone– This drive is path for Nigeria’s strategy to diversify funding sources and curtail hope on international capital markets, where elevated yields pose crucial difficulties. The Continent’s biggest economy, which has struggled with severe dollar shortages, sees this bond sale as a much-needed source of hard currency. The Central Bank of Nigeria has already been forced to devalue the Naira twice in the past year. The five-year bond, which emanates with a 9.75% coupon rate, was highly attractive to investors, achieving a 180% subscription rate, as stated by the Africa Finance Corporation (AFC). Executive Director Banji Fehintola underscored the significance of African nations steering inward to tap into the...

By Abdul Rahman Bangura- NEW AFRICA DAILY NEWS (NADN) Freetown, Sierra Leone– Divulged the Head of the Renewables Company responsible for the projects, asserted the pact was autographed between Grid Africa and the Intensive Energy User Group, whose retinues encompass Impala Platinum Holdings Zimbabwean unit, Tsingshan Holdings Group Co’s Afrochine Smelting and RioZim amongst others. “Talks with various funding partners, such as mining companies, banks, developmental financiers, and vendors like Power China and RIC Energy, are progressing,” Norman Moyo, co-founder and chief executive of Grid Africa said in an interview. “The financing structure will consist of about 70% debt and 30% equity.” Zimbabwe encounters an energy drawbacks that often navigates the state-owned power company to...

By Abdul Rahman Bangura- NEW AFRICA DAILY NEWS (NADN) Freetown, Sierra Leone– Kenya’s avocado exports has been enlisted 16,000 metric tons in the first eight months of 2024, compared to 14,000 metric tons in 2023, a certain trade association remarked on past Friday. Hosea Machuki, Chief Executive Officer of the Fresh Produce Exporters Association of Kenya, said the export advancement was qualified to the increasing land under cultivation by growers seeking to tap into the lucrative horticultural trade. “We expect to export 17,000 metric tons by the end of the year,” Machuki expressed during a day-long workshop in Nairobi, the capital of Kenya. According to the Ministry of Agriculture and Livestock Development, Kenyan agriculturalists primarily cultivate Fuerte, Hass,...