The Export-Import Bank of the United States has just approved a loan of $91.5 million to facilitate rural electrification in Senegal. The funds will facilitate the export of US engineering and construction services in the rural electrification sector.
The project will benefit about 330,000 people in more than 415 villages and create 500 jobs in 14 states in the United States notably California, Colorado, Florida, Georgia, Illinois, Kentucky, Mississippi, Missouri, New Hampshire, Nevada, Ohio, South Carolina, Tennessee, and Wisconsin.
The fund will support the activities of Weldy Lamont, a company that exports equipment such as solar panels to Africa.
“The selection of Weldy Lamont for this project is a significant win not only for this Illinois-headquartered small business and its workers across fourteen states but also for the United States and Senegal [...] We are pleased to support this U.S. small business as it exports its ‘Made in the U.S.A.’ renewable energy products to sub-Saharan Africa,” said Kimberly Reed, the President of the Exim Bank of the USA.
The project is valued at a total of $100 million.
ECOWAS central bank governors reaffirm a 2027 target for launching the Eco. Nigeria signals...
South Africa led with 35% of total deal value, ahead of Kenya and Egypt Inbound deal value ro...
Investigation targets alleged breaches of Nigeria’s 2023 data protection law Platform processes p...
The main point of contention between Niamey and France’s Orano concerns the uranium stock extracted ...
China’s initiative aims to address the imbalances that have long characterised bilateral trade relat...
DRC launches gold-backed SGRT token in pre-sale Token promises gold collateral, carbon credit-linked returns Project raises legal, liquidity,...
Sacim sells 288,000 carats in first Antwerp public sale Marks return of Congolese diamonds after decade absence Follows 2025 trading...
Leaders shift focus from aid rhetoric to industrial capacity, calling for capital that builds factories, not dependency. A new Jobs Wall Tracker...
Temple Tree Hospitality project to inject $200 million into resort expansion and infrastructure Direct flights from London and Manchester...
Located about 500 kilometers southwest of Cairo, between the oases of Bahariya and Farafra, the White Desert stands out as one of Egypt’s most distinctive...
The University of Lomé on Wednesday opened a fossil and rock exhibition hall showcasing specimens from the country’s coastal sedimentary basin. Led by the...