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
-
Ronald Mutuku’s Silqu Simplifies Rental Management for African Property Owners
08:58
-
Ntende Beka Isabirye Expands Digital Skills Training in Rural Uganda
08:54
-
Rwanda’s Ryan Apreala Connects Travelers With Sustainable Experiences
08:44
-
Renaprov Finance Plans BVMAC Listing After 8.4B CFA Franc Share Issue
08:38
-
Cameroon Introduces 3% Revenue Tax on Non-Resident Digital Platforms
08:28
-
Suez Canal Authority Signs Japan-Backed Deal for First Diving Support Vessel
06:59
-
Sonatrach Approves New Gas Plan Amid Rising Domestic Demand and Limited System Flexibility
06:55
-
Libya Looks to Tunisia as It Explores Education Digitalisation Cooperation
03:34
-
Ghana Escalates Cybercrime Fight, Arrests 141 Suspects
03:23
-
UNICEF StartUp Lab Opens Applications for Sixth Cohort in Ghana
13:17
Kenya shipped its first mango consignment to the UK on December 20 The move is part of a pilo...
The BCID-AES launches with 500B CFA to fund Sahel infrastructure, asserting sovereignty from the B...
Nomba brings Apple Pay to 300k Nigerian shops. Following Paystack, this "second row" move enables ...
Kenya’s CMA licensed Safaricom and Airtel Money as Intermediary Service Platform Providers (ISPPs)...
MTN Zambia launched a Mastercard-powered virtual card enabling secure global online payments for u...
Suez Canal Authority, JICA sign $22 million deal for diving support vessel Vessel to boost canal security, emergency response and ship...
Sonatrach approves 2026 budget and 2026-2030 development plan, details undisclosed Rising domestic gas demand strains balance with exports,...
Libya seeks Tunisia’s expertise to digitise education system Plans include connecting schools, expanding distance learning Cooperation aims to narrow...
Ghana arrests 141 suspects in nationwide cybercrime crackdown Authorities seize laptops, phones linked to fraud and online scams Losses rise sharply,...
Afrochella, now known as AfroFuture, is a cultural event held annually in Ghana, mainly in Accra, around the Christmas and end-of-year period. Launched in...
Algiers is a coastal capital of around four million inhabitants, located in north-central Algeria. Its urban structure, heritage, and social practices...