Mauritania secures $32.9 Kuwaiti financing for road project
Tuesday, 12 November 2019 10:57
The Kuwait Fund for Arab Economic Development (KFAED) granted $32.9 million to Mauritania for the construction of the Néma-Nbeiguit Lahwach road. The related agreement was signed on November 8, in Nouakchott between the Minister of Economy and Industry, Sheikh El Kebir Moulay Taher, and the Deputy Director of Operations within the fund, Merwane Abdallah El Ghanem.
According to the Minister, this 150 km long road will significantly open up the eastern part of the country, offering excellent economic and social opportunities. Merwane Abdallah El Ghanem, for his part, expressed his satisfaction with this new funding, which consolidates the good bilateral relations between Mauritania and Kuwait.
KFAED began its activities in Mauritania in 1975 with the conclusion of a first loan agreement with the government on the road maintenance project.
Romuald Ngueyap
Additional Info
- communiques: Non
- couleur: N/A
Live News
-
DRC: Maluku Special Economic Zone Gets River Dock to Ease Exports
19:27
-
UN, Kenyan Bank Launch Loan Guarantee Scheme to Expand Startup Lending
18:24
-
Nigeria Weighs Higher Power Exports to Togo, Pending Payment Guarantees
18:02
-
UBA, British International Investment explore Africa trade finance deal
17:18
-
Omar Gabr Reinvents Bug Tracking with AI-Driven Insights
10:51
-
Cameroon Reviews Progress on XAF350bn Rail Programme as Projects Near Implementation Phase
09:46
-
Cameroon Moves to Cut Food Imports with Cassava and Palm Oil Investment Deals
08:43
-
Douala Port Signs XAF40bn Rail Concession to Upgrade Logistics, Raise Revenues
08:19
-
African cotton producers meet in Lomé to tackle productivity challenges
18:41
-
Cameroon Suspends Fuel Shipments From Importers Over Payment Disputes
18:18
CCR-UEMOA presents mid-term review of private sector competitiveness efforts Reforms, AfCFTA trai...
Telecel Ghana to boost network investment by 150% in 2026 Expansion targets capacity, reliabi...
Togo parliament adopts WAEMU law against currency counterfeiting Bill defines offences including ...
This week, Africa is facing a mixed health situation. Namibia has declared an end to its mpox outbre...
Namibia and Russia agreed to expand cooperation across energy, mining, and agriculture. Both coun...
Maluku SEZ to receive river dock to boost logistics Saphir Ceramics funds dock to improve exports via river Facility supports growing industrial...
UNCDF, Co-op Bank Kenya sign guarantee to boost digital lending Risk-sharing aims expand financing access for startups, platforms Deal supports...
Nigeria considers increasing 75 MW electricity exports to Togo Talks focus on meeting rising demand and recent supply disruptions Expansion depends on...
Ghana to submit UN resolution on slave trade March 25 Draft seeks recognition as gravest crime against humanity Backed by AU, CARICOM; aims support...
Event highlights growing role of diaspora entrepreneurs across multiple sectors Networks support trade, investment and SME...
Afreximbank launches Impact Stories season two highlighting trade-driven transformations Series features projects across Africa and Caribbean, from...