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 aims to allocate nearly 41% of its commitments to environmentally and socially impactful projec...
M-PESA evolves into major financial platform with 35 million users Telecoms, fintechs expan...
Algeria launches bid for two NGSO satellite telecom licenses Move aims to expand broadband ac...
Driven by above-average growth and rapidly expanding demographics, Francophone Africa is emerging as...
Coca-Cola unit trains 260+ SMEs in Namibia business skills Program targets women, youth, disabled...
Libya tests 130 km pipeline to reduce gas flaring Project to recover 150 million cubic feet daily Move aims to ease bottlenecks, improve gas network...
Côte d’Ivoire to receive €157.9 million Global Fund support Funds target HIV, tuberculosis, malaria programs for 2027–2029 Country...
Africa agrochemicals market to reach $15.08 billion by 2031 Growth driven by pests, food demand, government subsidies Fertilizers...
Montage Gold secures five exploration permits in northern Mauritania Move supports efforts to reduce reliance on Tasiast mine $2 million...
Fally Ipupa plans a two-part album project combining urban sounds and traditional rumba. The first album “XX” releases on April 17, while “XX Delirium”...
MASA 2026 gathers artists and industry professionals from over 28 countries in Abidjan. The event features 99 performances across market and...