The Government of Mozambique will receive $34 million from the African Development Bank (AfDB) to pursue the construction of the 35 km Nambungali - Roma road. This is part of the second phase of the Mueda - Negomano road project (163.8 km), which aims at improving transport infrastructure between Mozambique and Tanzania.
The related agreement was signed on 24 February between the Mozambican Finance Minister, Adriano Maleiane, and the Bank's local representative, Pietro Toigo.
Once completed, this road project will complement the Unity Bridge and significantly reduce travel time to the ports of Pemba in Mozambique and Mtwara in Tanzania. Let’s note that the pan-African Bank will also provide an additional $2 million for additional works, and technical assistance to two-sector agencies - Administração Nacional de Estradas (ANE) and Fundo de Estradas (FE) - giving them the capacity to improve their operations.
The Government of Mozambique will contribute $536,000, mainly for resettlement and compensation.
Romuald Ngueyap
Military escalation between Iran, Israel, and the United States has raised the risk of disruptions...
Senegal launches 200 billion CFA bond in UEMOA Proceeds to fund 2026 budget, transformation agend...
Ethio Telecom has signed a new agreement with Ericsson to expand and modernize its telecom netwo...
Central Bank of Nigeria said 20 commercial banks have met new minimum capital requirements, with...
The BCEAO cut its main policy rate by 25 basis points to 3.00%, effective March 16. Inflation...
Germany funds €4m agriculture, soil health projects in northern Cameroon RESEAU and Soil Matters aim to boost climate resilience Projects promote...
Cameroon considers programme incubating 20 youth in plantain agribusiness Initiative links plantations to markets, financing, and banking...
Nigerian ports handled 129.3 million tons of cargo in 2025 Container traffic rose 25.7% to over 2.1 million TEUs Lekki Port handled 40.6% of cargo as...
East Africa processed 38,500 tons of cashews in 2025, up 5% Tanzania led growth, processing 20,000 tons, 52% regional share Processing capacity...
African-born artists generated $77.2 million in auction sales in 2024, down 31.9% year-on-year. Women artists accounted for about $22...
In April 2026, the Amani Festival will change venues. Forced to leave Goma for Lubumbashi due to growing insecurity, the event turns displacement into an...