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
-
Cameroonian Tech Entrepreneur Jalil Ketou Uses Skynesys to Streamline Corporate Banking Operations
16:58
-
Rwandan Entrepreneur Migambi Builds Data-Driven Systems for Public Institutions
16:57
-
AFC Secures $75 Million BADEA Loan to Expand Infrastructure Financing in Africa
16:15
-
Afreximbank Targets Faster Trade With $1 Billion Transit Guarantee
16:13
-
Togo Brings 15 African States Together to Review Climate Finance in Aného
16:06
-
China-Led Bank Reportedly Pledges $500 Million for Ethiopian Airlines’ Mega-Airport Project.
15:27
-
IMC Morocco 2025 advocates for African leadership in the critical minerals sector
15:18
-
OceanHub Africa Opens Applications for Seventh Startup Accelerator
14:41
-
Cameroon: NHPC Revenue Forecast to Exceed CFA86.5 Billion in 2025
14:40
-
Gabon: Codes Africa Kicks Off in Libreville on December 4
14:39
Anthropic, Rwanda’s government, and ALX launched Chidi, an AI mentor built on Claude. It wi...
(MCB) - The Mauritius Commercial Bank Limited (“MCB”) has successfully granted a strategic financing...
S&P upgrades Zambia to CCC+ as debt talks advance and copper output rebounds. About 94% of $...
MTN Innovation Lab hosts Africa HealthTech Export 2025 Bootcamp in Cotonou Event targets s...
Attack risks internet disruptions; investigation launched near Massakory EU-funded project aims ...
A Chinese bank has reportedly pledged $500M to the project, joining the AfDB's similar commitment as global investor interest...
(IMC MAROC)-The Morocco International Mining Congress (IMC 2025) officially opened yesterday, initiating two days of strategic dialogue, ministerial...
Benin hosted the first Regional Summit on Digital Transformation in West and Central Africa, gathering officials from about 20 countries to discuss issues...
Kossi Ténou succeeds Badanam Patoki as president of the AMF-UMOA. Ténou brings over 20 years of experience in the West African financial system,...
Hidden deep within the Arabuko-Sokoke Forest on Kenya’s coast near Malindi, the ancient city of Gedi stands as one of East Africa’s most intriguing...
Orange Egypt and Qatar’s Qilaa International Group have partnered to develop WTOUR, a digital platform offering trip planning, hotel bookings, local...