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.
(EBID) - EBID aims to allocate nearly 41% of its commitments to projects with environmental and...
Mahindra & Mahindra is considering a CKD assembly plant near Durban to strengthen its presence i...
AFC disbursed €43 million for Côte d’Ivoire solar project Financing supports 66 MW pla...
Mobile phones have become essential tools for work, education, payments and staying connected across...
MTN Ghana launches crackdown on mobile money agent fraud Audits trigger warnings, suspensions...
Africa imported 18.8 GW of Chinese solar panels, up 48% Egypt, Algeria, South Africa among top buyers exceeding 1 GW Lower prices drive...
After a decade of reforms, Benin’s agricultural sector has emerged as a cornerstone of economic transformation. The election of Romuald Wadagni marks the...
ECOWAS reviews 2025 agricultural projects at Lomé meeting Around 20 programs assessed to set 2026 priorities Food insecurity affects nearly...
Togo tax-to-GDP ratio at 13.1%, below regional 20% target New 2027–2029 budget framework aims to improve fiscal planning Government seeks...
Burkina Faso launches “SORA” university series filming in Ouagadougou 25-episode project explores student life challenges and...
The Virunga Gorilla Marathon is a relatively recent initiative held in the Virunga region, a volcanic mountain range straddling the borders of the...