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
The Bank expects a 41% rise in 2025 and a further 6% increase in 2026. Gold topped $4,00...
Social media users accuse the UAE of backing Sudan’s RSF militia. Activists and celebrities c...
Launch led by Maroc Telecom, Orange, and Inwi Rollout targets 25% coverage by end-2025 under Digi...
DRC met Alibaba, Isoftstone to discuss adapting China’s e-commerce model Joint working group ...
West African officials met in Lomé to improve municipal finances for crisis response Talks focuse...
South Sudan has asked CNPC and ONGC Videsh for $2.5 billion in new oil-backed loans despite already owing $2.2 billion. A London court...
Elemental says it has received no royalty payments from Wahgnion since the state acquired the mine in Q3 2024. Burkina Faso received a CFA10...
(AME TRADE) - Marrakech, Morocco – The second edition of IMC Morocco will bring together ministers, CEOs, and senior leaders from across the global mining...
Nigeria’s NIP ranks among the world’s largest real-time payment platforms, underscoring its central role in Africa’s economy and trade across...
The four-day exhibition (Nov. 12–15) in Dubai spotlights Lagos as Nigeria’s flagship tourism and creative hub. Organized by the Nigeria Association...
Mali holds meeting to unify government communication amid rising disinformation threats Ministers urged to adopt coordinated, credible messaging as...