IDB lends $194 millions to Togo to build roads, improve schooling and access to power
Wednesday, 27 January 2016 18:33
Islamic Development Bank (IDB) just granted Togo three loans totaling $194 million to finance projects to extend road network, improve education and access to electricity in rural areas.
Agreements related to these investments were signed on January 20 in Jeddah during an official visit of Togolese President Faure Gnassingbé to Saoeudi Arabi.
The first loan which is worth $130.5 million is to be injected into the rehabilitation of the Adoua-Kara road which connects five of the country’s region. This road also known as the UEMOA CU9 corridor is currently highly degraded and also connects Togo to its neighboring countries.
The second loan estimated at 16.3 million dollars will be used to finance a project that aims to improve quality of education and increase the percentage of kids having access to primary education.
The last loan, $46 million, will be used to provide power to 43 villages in the Northern part of the country.
Live News
-
Côte d'Ivoire and Senegal Lead UEMOA Exports; Mali, Burkina Faso Top Destination Markets
08:36
-
South Africa Expands 5G, but Rural Digital Divide Remains Entrenched (ICASA)
08:24
-
Lome to Host Inaugural Pan-African Banking and Insurance Forum on Oct. 26-27
06:43
-
Morocco’s sugar maker Cosumar diversifies into the food-grade CO₂ market
06:38
-
Africa Mining Exploration 2025: Investment Rises but Gains Are Uneven
06:13
-
Access Bank Cameroon rewards three women entrepreneurs and strengthens its support framework for women
05:24
-
Cameroon's Maritime Registry Faces European Scrutiny Over Russian-Linked Tankers
05:09
-
Cameroon moves to audit Bini à Warak project as government seeks restart
05:06
-
Cameroon cuts cereal import bill in 2025 on lower rice, wheat purchases
05:04
-
Togo to increase cotton fertilizer purchases by 15% in 2026
19:25
Flutterwave secures Nigerian banking license to offer credit and savings License enables direct d...
BCEAO mandates all financial institutions to complete integration Move aims to ensure seamless, i...
This week, Africa’s health outlook is shaped by mounting supply chain risks tied to global tensions,...
A $147M Novastar Ventures fund backed by major Japanese firms offers co-investment rights int...
EBID aims to allocate nearly 41% of its commitments to environmentally and socially impactful projec...
Côte d’Ivoire, Senegal lead UEMOA exports with 55.3% combined share Mali, Burkina Faso dominate intra-regional trade at 44.8% Intra-UEMOA trade rises...
South Africa 5G coverage rises to 58% in 2025 Rural access lags; some provinces below 15% coverage Regulator proposes incentives, sharing to expand...
Cosumar to produce food-grade liquid CO₂ from captured emissions $53 million Casablanca unit targets 20,000 tons annually by 2026 Project aims to...
In 2024, mining companies invested $1.3 billion in exploration across Africa. While that figure increased last year, the gains were uneven across...
“Dodji, l’Archet Vodoun” is a documentary about reconnecting with ancestral culture to understand one’s origins, following an initiation ceremony that...
The Bijagos Archipelago, located off the coast of Guinea-Bissau, stands as one of West Africa’s most extraordinary island systems. Made up of around forty...