(Ecofin Agency) - The West African Development Bank (BOAD) announced in a statement last week it is providing monies for 11 development projects within the WAEMU area.
New financing includes seven mid- and long-term loans, totaling $199.7 million, directed to infrastructure projects. Beneficiary countries include Burkina Faso where the bank intends to grant $34.7 million for the Project to Boost Local Economies (PADEL) in 6 regions and $3.4 million for the rehabilitation of the Bobo-Dioulasso dry port.
Another $34.7 million will be used to develop and tar the Katchamba-Sadori section of the National Road 17 in Togo while $24.3 million will serve for the modernization of Niamey airport and the construction of Tillabéri airport in Niger.
More than $43.4 million will be steered in the site servicing plan and construction of 1,085 social and economic housing in Samanko, Mali. $52.09 million for the construction, rehabilitation and equipment of school facilities in Côte d'Ivoire and $6.9 million for the creation of an agro-industrial poultry complex in Toumodi, still in Côte d'Ivoire.
In addition to these projects, BOAD also plans two refinancing lines ($26.05 million), a short-term loan of $8.6 million, and a $2.08 million equity investment in Mansa Bank (Côte d'Ivoire).
Let’s note that these transactions bring the total commitments (all transactions combined) of BOAD to more than $9.8 billion, since it was created.
Moutiou Adjibi Nourou