European Union provides Cote d'Ivoire budget support of €62 million
Wednesday, 23 November 2016 03:55
The European Union has provided Cote d'Ivoire a budget support of 40 billion CFA (62 million euros). The facility falls under a budget support program for good governance and development signed by the two entities on November 21, 2016.
According to the Ivorian Prime Minister, Daniel Kaplan Duncan, steps taken under the budget support program fall in line with the strategic axes 1 and 2 of the National Development Plan. The first consists in improving governance and institutions' quality and the second in accelerating the growth of human capital and promoting social welfare.
Let's highlight that regarding the budget support, this new tranche adds to a total of101 billion CFA francs (€157 million) already provided by the EU to Cote d'Ivoire. Of this amount, 75 billion CFA (€116 million) went into the 2012-2014 general budget support program, and 26 billion CFA (€40 million) into the rural land support program.
B.K
Live News
-
Cabotage: Nigerian Shipowner Steps Up to Rival Global Giants
19:35
-
DRC: Kamoa-Kakula Copper Output Grows 31% in H1 2025
19:27
-
IMF Approves a Fresh $367 Million Disbursement for Ghana
19:09
-
AfCFTA Adjustment Fund Injects $10 Million into Telecel Global Services
18:11
-
Cameroon Raises Ownership in Sodecoton to 89% with CFA46 Billion Geocoton Buyout
15:56
-
Cameroon Sees Industrial Growth Dip Amid Hydrocarbon Recession
15:44
-
Andrew Ddembe, the Lawyer Bridging Health and Tech in East Africa
15:28
-
Charles Thuo Boosts African Logistics with Apexloads Digital Platform
15:23
-
India Appoints S.R.H. Fahmi as New Ambassador to Togo
14:50
-
Togo Secures CFA1.2 bn Through Decentralized Cooperation Since 2020
12:57
• Global coffee consumption projected to hit a record 169.4 million 60-kg bags in 2025/2026, up from...
• Algeria grants commercial 5G licenses to top three telecom operators: Mobilis, Djezzy, and Ooredoo...
• Investors seem to keep focusing on yields, which are high for the moment• New Leadership might see...
• Kenyan President William Ruto signs strategic partnership with UK Prime Minister Keir Starmer to b...
• IFC teams up with AfDB and Nigeria’s EbonyLife to assess a new fund for African cinema• Sector cou...
• Nigerian Clarion Shipping West Africa Limited debuts vessel aimed to service the cabotage market in the country, and potentially beyond. • The move...
• Kamoa-Kakula, DRC's largest copper mine, boosts production by 31% to 245,127 tonnes in H1 2025, despite a temporary halt in operations in...
• The African Free Trade Area (AfCFTA) adjustment fund grants a $10 million loan to Telecel Global Services to boost digital connectivity and...
PAPSS launches platform performing direct currency conversion and fostering economic integration across Africa. The continent loses about $5...
Located about 40 kilometers from Cape Town’s city center, Boulders Beach in Simon’s Town is one of the Cape Peninsula’s most iconic destinations. This...
The Gerewol tradition is a fascinating ritual celebrated by the Bororo Fulani, a nomadic community primarily located in Chad and Niger. This annual...