The World Bank has approved on June 2, the provision of a $120 million facility to the Ivoirian state, reveals a statement from the institution. The funds should help finance the programme for infrastructure projects for urban development and improving the competitiveness of secondary cities (PIDUCAS).
Developed to create an environment that will make more attractive some of the country’s cities, the project will, according to Ivorian authorities, start in Bouaké and San Pedro, respectively second and third most competitive urban agglomerations among the 14 district capitals across the nation.
“…a new solidarity-focused development model, involving the modernization of secondary cities, must be developed and it should help boost investment, growth and reduce poverty across the country. The emergence of these secondary urban centres is one of the priorities of the new national plan for development adopted by authorities for 2016-20,” said Pierre Laporte, head of World Bank’s operations in Cote d’Ivoire.
Furthermore, the funds necessary for the project will be provided by the International Development Association (IDA), World Bank’s arm providing aid to the poorest countries.
Fiacre E. Kakpo
Omer-Decugis & Cie acquired 100% of Côte d’Ivoire–based Vergers du Bandama. Vergers du Band...
AI-backed agri-fintech is increasingly being used to pilot new rural credit models in Africa, where ...
This week’s health update shows Africa edging closer to the end of the mpox public health emergency,...
Investment bank BCID-AES established in Bamako Bank aims to fund infrastructure, agricultur...
Standard Bank extended a USD 138 million facility to STEP, acting as sole arranger and advisor to ...
Egypt licenses fintech Tpay as the country’s approved Direct Carrier Billing provider for government payments Citizens can pay electricity bills,...
Botswana awards British junior Aterian a new copper exploration license in the Kalahari Copper Belt The license expands Aterian’s copper...
Tunisia plans to export 15,000 tonnes of Maltese oranges to France in the 2025/2026 season Projected shipments exceed the previous season’s...
Kenya signs a $311 million investment agreement to build two high-voltage transmission lines Africa50 and PowerGrid Corporation of India...
(FEZ–MEKNES REGION) - As AFCON 2025 approaches: the Fez-Meknes region is emerging as one of Morocco’s most strategic tourism hubs, offering strong...
In line with a broad movement acknowledging colonial-era spoliations and seeking to rebalance cultural relations between Africa and Europe, countries such...