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 Invites Bids to Operate Hurghada Airport, Targeting 30 Million Tourists by 2030
20:56
-
Tanzania Revives Bagamoyo Port Project With New AGL Agreement
20:46
-
E. Guinea Joins Africa Finance Corporation as 47th Member State
20:43
-
Safaricom Raises ~155M in Bond Tranche Oversubscribed 275.7%
20:38
-
Togo’s ‘Ekpésosso’ New Year Ritual Joins UNESCO Intangible Heritage List
18:10
-
Togo Watchdogs HAAC, IPDCP Agree on Framework to Curb Personal Data Misuse by Media
18:01
-
Togo Introduces 'Code 26' to Track Free Zone Imports, Improve Data
17:55
-
Kako Nubukpo Advocates African Currency, Greater Fiscal Mobilization to Help Africa Move Beyond Aid
17:52
-
Global South Alliance Unveils New Grants to Study Datafication’s Democratic Effects
09:51
-
SA’s Community Wolf Buys Namola to Strengthen Emergency Response Network
09:43
Omer-Decugis & Cie acquired 100% of Côte d’Ivoire–based Vergers du Bandama. Vergers du Band...
Eritrea faces some of the Horn of Africa’s deepest infrastructure and climate-resilience gaps, lim...
Huaxin's $100M Balaka plant localizes clinker production, saving Malawi $50M yearly in f...
Nigeria seeks Boeing-Cranfield partnership to build national aircraft MRO centre Project aims t...
BCEAO keeps key lending rate at 3.25% and marginal rate at 5.25%. UEMOA growth reaches 6.6%...
Egypt launches tender for private operator at Hurghada International Airport Move part of plan to upgrade 11 airports, double tourist numbers by 2030...
Tanzania signs deal to revive Bagamoyo port with Africa Global Logistics Project includes 3 berths at Bagamoyo, 2 more at Dar es Salaam port...
African ministers adopt Algiers Declaration on regulating global digital platforms Framework seeks fairer terms with OTTs, stronger data and AI...
Ghana’s Q3 2025 GDP grew 5.5%, led by agriculture and services Growth slowed due to hydrocarbons slump and weak industrial performance...
Cameroon’s REPACI film festival returns Dec. 11-13 with 135 short films Events include screenings, masterclasses, panels on social cinema and...
Cidade Velha, formerly known as Ribeira Grande, holds a distinctive place in the history of Cape Verde and, more broadly, in the history of the Atlantic...