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
-
Egypt Signs $1B Agreement to Turn Phosphate Into Higher-Value Products
13:20
-
Pensana Assesses Upgrade at Angola’s Longonjo Rare Earth Project As Demand Grows
13:05
-
Nigeria’s Niger Delta Power Output Jumps on Higher OML 17 Gas Flows
12:53
-
ASKY Expands Fleet With New Boeing 737 MAX
12:20
-
Togo Approves $6.65M Climate Resilience Project for Central Region
12:09
-
Tunisia, Indonesia Prepare Preferential Trade Deal on Agro-Food Products
12:08
-
Togo Road Deaths Fell Between 2022 and 2024, Data Show
12:03
-
Togo: Savanes Authorities Move to Curb Cement Prices After Reports of Overcharging
11:32
-
Codias Reports 16.7 kg of Gold from New Colomine Underground Mine
10:54
-
Multiprint Raises CFA1.9bn from Société Générale to Upgrade Production
10:23
(MCB) - The Mauritius Commercial Bank Limited (“MCB”) has successfully granted a strategic financing...
Anthropic, Rwanda’s government, and ALX launched Chidi, an AI mentor built on Claude. It wi...
S&P upgrades Zambia to CCC+ as debt talks advance and copper output rebounds. About 94% of $...
Government, ESCWA, and experts meet to shape national framework Plan aims to fight corruption, c...
ECOWAS launched the second phase of PAMCIT to expand training in translation and conference inte...
China’s CJN to build $1B phosphate chemical complex in Egypt’s SCZONE Three-phase project to start in 2026, targeting fertilizers, PPA, and...
Angola’s Longonjo project may boost heavy rare earths fivefold Upgrade could raise dysprosium and terbium output to 160 tonnes/year Higher...
Gas supply from OML 17 doubled to 135 million scf/day Power plants’ output rose from ~100 MW to over 350 MW Boost improved Niger Delta power...
Two countries expected to sign a preferential trade agreement by January 2026 Tunisia to grant tariff advantages to Indonesian agro-food...
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...