News

By Abdul Rahman Bangura– NEW AFRICA DAILY NEWS (NADN) Freetown, Sierra Leone- The Ecobank Transnational Incorporated – a notable Pan-African banking group and parent company of the Ecobank Group, has published its project to increase $300 million from the international debt capital markets through the...

By Richard Adorsu- NEW AFRICA DAILY NEWS (NADN) Accra- Kenya Electricity Generating Company PLC (KenGen) has started drilling the first geothermal well for Ethiopia Electric Power (EEP) company, setting in motion Phase II of Ksh.7.6 billion contract. The company has so far drilled 29 metres against a possible...

By Abdul Rahman Bangura– NEW AFRICA DAILY NEWS (NADN) Freetown, Sierra Leone- The grant sought at establishing the 50-megawatt Malagarasi hydropower plant and an evacuation transmission line and expanding 4,250 rural electrification connections. The grant comprises a $120 million sovereign loan from AfDB and $20...

By Abdul Rahman Bangura– NEW AFRICA DAILY NEWS (NADN) Freetown, Sierra Leone- Ratified by the administration of Burkina Faso, the single-cross hybrid also suited the first of its kind to be approved in West and Central Africa (WCA). Nafagnon harvests as much as 45% loftier than popular variety Misari-1. It is more...

By Abdul Rahman Bangura– NEW AFRICA DAILY NEWS (NADN) Freetown, Sierra Leone- More than 100 years and more after the vices perpetrated by the German colonial power in what is now Namibia, Germany has formally acknowledged the monstrosities inflicted against the Herero and Nama ethnic groups as genocide. The Cable...

By Abdul Rahman Bangura– NEW AFRICA DAILY NEWS (NADN) Freetown, Sierra Leone-  The Administration of Zimbabwe has successfully regained over eighty mining acquiescence under the “use-it or lose-it” policy and an established statement will be made in due course, Mines and Mining Development Minister – Winston...

By Brian MBowe- NEW AFRICA DAILY NEWS (NADN) DENVER Colorado, United States- Sierra Leone has approved to vend 250 acres of pristine beach and rainforest to China in a $55 million pact that would glimpse an industrial fishing harbor built on the site. This has provoked anger from conservationists, human rights...

By Richard Adorsu- NEW AFRICA DAILY NEWS (NADN) Accra- President Akufo Addo of Ghana, Werner Hoyer, President of the European Investment Bank and Thomas Östros, Vice President, formally agreed to €170 million EIB backing for the new National Development Bank of Ghana. The EIB backing represents the largest ever...

By Abdul Rahman Bangura– NEW AFRICA DAILY NEWS (NADN) Freetown, Sierra Leone- The beginning is a $276 million financing agreement for the Kampala City Roads Rehabilitation Project; and the second, valued at $71.8 million, is for improving the Kabale-Lake Bunyonyi/Kisoro-Mgahinga road. The Kampala City Roads...