During the 63rd ECOWAS ordinary session in July, the Heads of State instructed relevant institutions to accelerate works on the Abidjan-Lagos corridor.
The first roundtable of Financial Institutions for the construction of the Abidjan-Lagos Highway opened yesterday in Abidjan. The event, co-organized by the African Development Bank (AfDB) and the Economic Community of West African States (ECOWAS), saw the participation of donors and other stakeholders in the project.
The goal is to share up-to-date project information with participants and generate interest from investors. The organizers said it will serve as a platform for raising awareness and conducting a flexible market test of the project. It will also be the occasion to collect investors’ feedback and requirements for consideration.
As a reminder, during the 63rd ECOWAS summit, the heads of state from Benin, Côte d'Ivoire, Ghana, Nigeria, and Togo, all of whom are project stakeholders, directed the ECOWAS Commission to fast-track the project in partnership with the organization's Investment and Development Bank (BIDC) and the AfDB. Their objective was to finalize the detailed design study, financial strategy, implementation, and the preparation of construction tender documents. The results of the technical studies are expected by October 2023.
The Abidjan-Lagos corridor is a transnational highway of 1,028 kilometers, which is a significant part of the trans-African road network connecting the five economic capitals of West Africa: Abidjan, Accra, Lomé, Cotonou, and Lagos. Its construction is the first phase of Trans-African Highway Number 7, starting from the maritime link from Praia in Cape Verde, passing through Dakar to Abidjan by road. It aligns with the ECOWAS's Vision 2050.
Mediterrania Capital bought Australian Amcor's Moroccan packaging unit Enko Capital took ov...
Standard Chartered arranges $2.33 billion for Tanzania railway project Funding support...
Enko Capital acquires Servair’s fast-food unit in Côte d’Ivoire, including the Burger King franchi...
Central bank to release $1 billion in cash to curb black market demand Move aims to ease inf...
From eastern Chad, where measles and meningitis are spreading through overcrowded refugee camps, to ...
Africa air freight volumes rise 7% in March 2026 Growth slows after strong January-February surge, key routes decelerate Global cargo declines amid...
South Sudan declines to renew Oranto’s oil block B3 contract Audit cites failure on seismic surveys and drilling commitments Block reopened to...
Tungsten prices surpass $3,000/tonne amid supply disruptions, China curbs Rwanda, DRC gain opportunities; Rwanda leads with higher output US...
Program targets 15,000 km roads, improving access to services Aims to boost connectivity, cut travel times, support rural economy The technical...
UK museum to return 45 Botswana artifacts after 150 years Items collected in 1890s; restitution follows Botswana request Return tied to...
The history of Kerma stretches back several millennia. Located in what is now northern Sudan, the site was inhabited as early as prehistoric times....