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
-
Nigeria Becomes a Major Fuel Supplier to Cameroon With 18% Share
21:37
-
South Africa Overhauls Telecom Rules to Attract Investment and Improve Networks
21:27
-
Cameroon Plans $226 Million Port Upgrade Through Public-Private Partnership
21:24
-
Cameroon Bets on Sanitary Reforms to Restore Shrimp Exports to Europe
21:20
-
Cameroon’s Arabica Coffee Earnings Jump as Quality Lifts Export Value
21:08
-
Cameroon’s Cotton Sector Runs on CFA60bn in Annual Farm Credit With Full Repayment
21:04
-
Power Producer Globeleq Launches Solar and Storage Project in Lusaka, Zambia
20:58
-
U.K. Backs Congo’s Agribusiness With $3.1 Million to Unlock Private Investment
20:31
-
Togo’s National Health Institute introduces digital platform and secure Insurance card
16:49
-
Togo, Côte d’Ivoire agree to deepen cooperation between arbitration courts
16:40
(EBID) - EBID aims to allocate nearly 41% of its commitments to projects with environmental and...
Mahindra & Mahindra is considering a CKD assembly plant near Durban to strengthen its presence i...
AFC disbursed €43 million for Côte d’Ivoire solar project Financing supports 66 MW pla...
Mobile phones have become essential tools for work, education, payments and staying connected across...
MTN Ghana launches crackdown on mobile money agent fraud Audits trigger warnings, suspensions...
Reform targets fragmented rules slowing network deployment Government aims to boost investment in broadband and 5G Changes seek to lower costs and...
PAD signs 30-year PPP to rehabilitate Boscam terminal Project includes new platform and potential 700-meter quay Plan aims to restore regional traffic...
Globeleq launches 250 MW solar plant with battery storage near Lusaka Project aims to stabilize grid and meet peak electricity demand Move supports...
Funding targets SMEs, farmers, and agricultural value chains Program aims to improve access to finance and attract private capital Initiative to...
Burkina Faso launches “SORA” university series filming in Ouagadougou 25-episode project explores student life challenges and...
The Virunga Gorilla Marathon is a relatively recent initiative held in the Virunga region, a volcanic mountain range straddling the borders of the...