Gabon set to borrow more than €350M from AFD and RDB
Monday, 16 May 2016 18:47
Gabon’s government has adopted four draft laws which allow the country to borrow from the Reconstruction and Development Bank and French Agency for Development (AFD).
The first draft law concerns the borrowing of a €57.7 million (FCFA37.8 billion) loan from the Reconstruction and Development Bank to insure supply of power and drinking water to Gabon’s rural areas.
Under the second draft law, the State is to borrow €94.5 million (FCFA61.9 billion) from RDB to expand training and quality of training in technical and professional institutions.
Under the third and fourth draft laws, Gabon will be able to borrow €154 million (about FCFA10087 billion) from AFD to develop an education-focused investment program and €50 million (about FCFA35.37 billion) to finance investment projects in health structures and reinforce skills of health personnel.
Live News
-
Training and Inclusion: ILO Pilots New Model for Youth and Refugees in Ethiopia
08:46
-
Chad Begins Drafting Digital Health Program to Tackle Medical Staff Gaps
08:41
-
Mandisa Mjamba Pioneers Web3 and Blockchain Innovation in Africa
08:25
-
Algeria: House Speaker Pushes for Updated Cybercrime and AI Framework
08:23
-
West African Compliance Officers Convene in Lomé for 2nd Grand Meeting, July 8-9
08:18
-
Lomé Hosts First Francophone Forum on Emergency Housing
08:16
-
Rwanda’s Kigali Embarks on Green Urban Mobility Overhaul
08:14
-
Morocco Targets European Green Hydrogen Market with Chbika Ammonia Project
08:11
-
Cameroon Misses Q1 2025 Budget Revenue Target by CFAF326 Bln
07:53
-
Cameroon Plans $1.16 Bln International Loan in 2026 Despite Credit Downgrade
07:51
Lebara Group is now bringing its affordable and reliable mobile services to Africa, starting with Ni...
• Gates Foundation commits $1.6 billion over five years to Gavi.• Bill Gates warns of rising ch...
Transport and food prices have been climbing steadily across Africa in recent years. In Côte d’Ivoir...
In a West African financial landscape marked by tighter regulation of the fintech sector, digital fi...
• Maritime sector faces renewed risks amid military tensions in the Middle East• Blockade fears at S...
In a region strained by forced displacement, poverty, and limited access to economic opportunities, an innovative initiative is leveraging the synergy...
Chad begins drafting a manual to implement its National Digital Health Program Aims to ease doctor shortages via telemedicine and digital...
Renowned as one of Africa’s cleanest cities, Kigali has in recent years experienced a demographic surge that is challenging this reputation while...
Morocco’s Chbika project aims to export 200,000 tons of green ammonia yearly using 1 GW of renewables Supports EU hydrogen import goals; mirrors...
In northern Ethiopia, in the Tigray region, lies Axum (also spelled Aksum), an ancient city that once stood at the heart of one of Africa’s most powerful...
Lake Natron, located in northern Tanzania near the Kenyan border, is one of the most extraordinary and extreme lakes in Africa. Fed primarily by the Ewaso...