Public Management

AfDB grants Mozambique $34mln for road projects

AfDB grants Mozambique $34mln for road projects
Friday, 03 April 2020 18:00

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

Additional Info

  • communiques: Non
  • couleur: N/A
On the same topic
US strikes in Sokoto test Nigeria's financial stability, causing Eurobond yields to surge and investor risk premiums to rise sharply. The Naira...
Kenya’s CMA licensed Safaricom and Airtel Money as Intermediary Service Platform Providers (ISPPs), enabling them to offer regulated capital markets...
The BCID-AES launches with 500B CFA to fund Sahel infrastructure, asserting sovereignty from the BCEAO and ECOWAS financial systems. Ministers from...
Nomba brings Apple Pay to 300k Nigerian shops. Following Paystack, this "second row" move enables tap-to-pay on POS terminals for the first...
Most Read
01

Kenya shipped its first mango consignment to the UK on December 20 The move is part of a pilo...

Kenya targets UK market to boost mango exports
02

Nomba brings Apple Pay to 300k Nigerian shops. Following Paystack, this "second row" move enables ...

Beyond Online Checkouts: Apple Pay Finds a Second Row into Nigeria via Nomba
03

Kenya’s CMA licensed Safaricom and Airtel Money as Intermediary Service Platform Providers (ISPPs)...

Safaricom and Airtel Money Licensed to Facilitate Capital Markets Access in Kenya
04

In Africa, the transformation of food systems has become an urgent issue in the face of rapid popula...

AGRA’s Lilial Githinji “Leadership capacity remains the missing ingredient in Africa’s food systems transformation”
05

The BCID-AES launches with 500B CFA to fund Sahel infrastructure, asserting sovereignty from the B...

AES Launches Confederal Investment Bank: A Strategic Pivot Toward Sahelian Financial Sovereignty
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

regie@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72


EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.