Translate

-
Gov't gets $400m Chinese credit to kick-start 1D1F; 22 projects earmarked


Trade Minister, Alan Kyerematen, has signed a $400 million turnkey financing facility with China National Building Materials Corporation (CNBM) for 22 enterprise projects under the One District One Factory programme.
The agreement signed on Wednesday, May 9, 2018, in Accra enables the establishment start of projects for the processing of industrial starch, vegetable oil, garments and alcohol in line with governments One District One Factory (1D1F) initiative.
 The projects are expected to create over 30,000 direct and indirect jobs across the country.
At the same signing ceremony, some local banks who are participating in the 1D1F program also signed on- lending facility arrangements with CNBM in support of the initiative.
At least four local banks have been selected to serve as intermediaries between the Chinese entity and local businessmen and women to execute the projects.
As part of the arrangements, the CNBM will supply equipment and machinery to the business promoters, while the local financial institutions, comprising the National Investment Bank (NIB), the Universal Merchant Bank (UMB), the Agricultural Development Bank (ADB) and the Barclays Bank, will facilitate the disbursement of the facility to investors.
Ekumfi one Factory Launch

Comments

Post a Comment

Popular posts from this blog

Should Bhim Nation Boss Renew his contract with Zylofon Media? Here Is what U Need to Know

-
Image
Should Bhim Nation Boss Renew his contract with Zylofon Media? Stonebwoy’s contract with Zylofon Music will expire in few months’ time From the reports across social media Bhim Nation boss, Stonebwoy will finally be done with Zylofon Music in few months’ time, 2 years less of what the initial contract stated. According to the Arnold Asamoah Baidoo, Stonebwoy contract was reviewed in 2018 and as such his contract with the Zylofon Music will be over in the year 2019. Although Arnold Asamoah Baidoo did not give the exact month in 2019 the contract between Stonebwoy and Zylofon Music will end, the issue now is Should Bhim Nation Boss Renew his contract with the Media Company or He should end it, Stonebwoy joined Zylofon Music in 2017.               Leave ur comments
Read More

"Social Media Users descend on Shatta Michy Over Her Advice To Young LAdies

-
Image
"Social Media Users descend on Shatta Michy Over Her Advice To  Young LAdies Baby mama of dancehall musician tends to use her Instagram page to advice young women who are putting trust in the hustling guys, with the mindset of " e go be". Shatta Michy, an actress and a musician, went through thick and thin with Shatta Wale for years before giving birth to a baby boy. Days ago, there were misunderstandings between the couple which later led to their separation. Now that they are back together with the hope getting married this year (2019), we are just not sure of what triggered the Empress of the Shatta Empire to come out with this advice. According to the research conducted by Ghmorningnews, the actress in question, haven’t said anything like that, that means it might be a frame work from some writers, without concluding the investigation whether is true or not, we are still on our research to come with the true of this issue.
Read More

6 Chelsea players who will leave in January transfer Windows

-
Image
The 6 Chelsea players who will leave in January transfer Windows The January transfer window is very much under way and Chelsea have already made the first move by signing Christian Pulisic from Borussia Dortmund. The one snag in that deal, of course, is that the 20-year-old American will not actually join up with the Blues until the summer, having been loaned back to finish the current Bundesliga campaign. Maurizio Sarri has said that he does not care about the transfer window, that he will just train the players he has. However, he has also stated that the current squad at his disposal is too large and that means some players might have to face the Stamford Bridge exit. But could make way? Here are six players that could be facing the door this window to make room for incoming players. Cesc Fabregas He is a player that Sarri doesn't want to let go, but it looks inevitable that the Spaniard is going to be making his exit from Stamford Bridge this January.
Read More