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
-
Central Bank of the Democratic Republic of Congo To Acquire Artisanal Gold For Strengthened External Reserves
12:40
-
Egypt’s White Desert, a Landscape Shaped by Wind and Time
11:05
-
French Engineering Group Egis Exits Six Africa Units Amid Legal Dispute
04:08
-
Africa Attracted $13.84 Billion in Energy Transition Investment in 2025
04:04
-
Aquaculture and Fisheries: A Largely Untapped Answer to Africa’s Protein Shortfall
20:08
-
Cameroon Completes Buyback of Eneo in a CFA78 Billion Deal with Actis
20:55
-
Cameroon’s Social Housing Program Falls Short of Initial Targets
20:10
-
Cameroon Customs IT Operator Campass Replaces Chairman After Governance Dispute
20:08
-
Interpol Arrests 651 Suspects in Massive African Cybercrime Crackdown
17:48
-
Flextock Secures Funding to Expand On-Demand Warehousing in Saudi Arabia, UAE
17:44
ECOWAS central bank governors reaffirm a 2027 target for launching the Eco. Nigeria signals...
South Africa led with 35% of total deal value, ahead of Kenya and Egypt Inbound deal value ro...
Investigation targets alleged breaches of Nigeria’s 2023 data protection law Platform processes p...
Nigeria opened a formal investigation into Temu over alleged violations of its 2023 data protectio...
The main point of contention between Niamey and France’s Orano concerns the uranium stock extracted ...
Africa secured $13.84 billion across 306 energy transition deals in 2025. Clean energy projects accounted for 98.3% of total investment...
Africa averages 65 grams of protein per person daily, versus 91 grams globally. WEF says doubling fish production could reduce the continent’s protein...
WFP warns its funds will run out within weeks without urgent support. 4.4 million people face acute hunger; only one in seven receives aid. $95...
DRC and World Bank approved an action plan to raise disbursement to at least 30% in 2026. Current rate stood at 22% in 2025, below 25% over the past...
Located about 500 kilometers southwest of Cairo, between the oases of Bahariya and Farafra, the White Desert stands out as one of Egypt’s most distinctive...
The University of Lomé on Wednesday opened a fossil and rock exhibition hall showcasing specimens from the country’s coastal sedimentary basin. Led by the...