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.
Firms move beyond payments toward integrated SME platforms Services include invoicing, inve...
The BCEAO now allows UEMOA citizens abroad to open CFA franc accounts under the same conditions as...
Novo Nordisk cuts Wegovy prices in South Africa amid competition Move targets rival Eli Lil...
ECOWAS, Energy China discuss regional power infrastructure cooperation Talks cover $36.3...
First investor town hall since 2021 signals renewed engagement with markets Authorities hi...
AfDB backs $11.3 million mechanism to fund mini-grids in fragile countries Model uses advance sales of renewable energy credits to unlock...
Ethiopia has completed and operationalized its first national digital coffee traceability platform, developed with Germany’s GIZ The system aims to...
Fitch affirms Tanzania’s B+ rating with stable outlook Growth expected to outpace peers, driven by infrastructure and mining External shocks,...
Japanese bank SMBC provides €200 million ($230 million) to BOAD Funds will support agriculture campaigns and fuel supply in WAEMU BOAD also...
The Bijagos Archipelago, located off the coast of Guinea-Bissau, stands as one of West Africa’s most extraordinary island systems. Made up of around forty...
RFI confirmed the end of “Couleurs Tropicales” following Claudy Siar’s departure after 31 years. The move follows a series of high-profile exits...