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
-
Rwanda Eyes Dairy Council to Address Sector Weaknesses, Raise Output
11:12
-
South Africa Imposes Anti-Dumping Duties on Construction Steel From China, Thailand
11:04
-
ECOWAS, China Discuss Cooperation on West Africa Power Projects Under $36.39B Plan
10:57
-
Rwanda Launches Pan-African Cybersecurity Initiative to Train 1 Million Experts Amid Skills Shortage
10:46
-
South African Fintech Happy Pay Secures $5M to Scale Interest-Free BNPL Solution
08:54
-
Innovate for Impact 2026 Opens Applications for Global AgTech Startups
08:30
-
Libya: iCard Targets Unbanked Users with Mobile and Prepaid Solutions
20:28
-
Joe Kinvi Launches Borderless to Digitize Collective Management
20:25
-
Togo: Parliament ends extraordinary session, adopts four bills
16:59
-
Togo Raises 27.5 Bln CFA Francs in Second 2026 Debt Sale, Bids Hit 134.5 Bln
16:45
Telecel Ghana to boost network investment by 150% in 2026 Expansion targets capacity, reliabi...
Namibia and Russia agreed to expand cooperation across energy, mining, and agriculture. Both coun...
Togo parliament adopts WAEMU law against currency counterfeiting Bill defines offences including ...
Cameroon signs MoUs for $1.5 billion waste-to-energy projects Plans target waste treat...
Four years after Russia’s 2022 invasion of Ukraine, the fertilizer market is facing a new shock as m...
Rwanda plans dairy council to regulate milk value chain Body targets costs, low incomes, weak sector coordination Plan supports output goal of 1.32...
South Africa imposes anti-dumping duties on Chinese, Thai steel Duties set at 74.98% for China, 20.32% for Thailand Move follows import surge...
ECOWAS, Energy China discuss regional power infrastructure cooperation Talks cover $36.39B interconnection projects, financing to boost...
Pan-African cybersecurity platform ICCA launched in Kigali, Rwanda Aims to train one million experts by 2030 Initiative targets rising...
Kumbi Saleh is regarded as one of the earliest major political and commercial capitals of West Africa. Located in present-day Mauritania, near the border...
Event highlights growing role of diaspora entrepreneurs across multiple sectors Networks support trade, investment and SME...