Public Management

Mali raises €27mln to pave the Kaloumba-Nara section of the road linking Bamako to Nouakchott

Mali raises €27mln to pave the Kaloumba-Nara section of the road linking Bamako to Nouakchott
Friday, 17 January 2020 10:28

As part of its strategy to boost trade with neighboring Mauritania, the government of Mali has mobilized CFA17.54 billion, the equivalent of €26.70 million, for the construction and asphalting of the Kwala-Mourdiah-Nara road (section 2 Kaloumba-Nara).

The draft decree approving the project contract was passed on January 15 during the Council of Ministers and the winning bidder is the company GREEN LINE. Work is expected to last 18 months (including wet seasons).

Once completed, the 54.05 km road will significantly ease transport for people and goods on the Bamako-Nouakchott corridor and promote Mali's economy. Mali and Mauritania share a common border of over 2,000 km in four regions: Kayes, Koulikoro, Segou, and Timbuktu.

In addition to improving the road network, the two countries have been working for years to address the difficulties associated with escorting transporters and the large number of checkpoints. Barriers to trade have raised transport cost and travel time.

Romuald Ngueyap

On the same topic
Congo raises $700 million in 2035 bond issue Proceeds to refinance 2032 Eurobond, ease near-term pressures Order book topped $2...
Project would support up to $230M in trade finance with Standard Chartered IFC plans up to $40M in funded and unfunded risk...
Bilateral deal follows $3.5B debt relief agreed with official creditors France also signs €81.5M financing plan for reform program Ethiopia...
Absa Kenya hires M-PESA’s Sitoyo Lopokoiyit, signalling a shift from branch banking to a telecom-style digital platform mindset. The move shows that...
Most Read
01

Deposits grow 2.7%, supporting lending recovery Average loan sizes small, credit risk persists ...

Togo Microfinance: Deposits and Loans Rise Simultaneously in Q3 2025
02

Oil majors expand offshore exploration from Senegal to Angola Gulf of Guinea accounts for about 1...

Gulf of Guinea regains appeal as a key exploration hub for oil majors
03

Rwanda, partners break ground on $2 billion Kigali Innovation City Smart city targets ...

Rwanda Mobilises Global, Local Finance for $2Bln Innovation City Targeting Africa’s Digital Economy
04

MTN is considering buying back telecom towers it sold years ago, signalling that control of infras...

MTN’s Talks to Buyout IHS: A Strategic Reversal That Could Reshape African Telecoms
05

The government is asking SOTEL and Airtel to amend a 2025 agreement The N’Djamena–Mberé route...

Chad Reopens Talks with Telecom Operators Over Strategic Fiber Link
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

regie@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72


EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.