Mauritania: Arab Fund for Economic and Social Development grants $170 million to build a road to Mali
Tuesday, 29 October 2019 14:42
Mauritania signed with the Arab Fund for Economic and Social Development (AFESD) a loan agreement worth $170.8 million to finance the construction of 4 road lots on the Tidjikja-Kiffa-Sélibaby-Mali border line.
The related agreement was initialed on Friday 25 October 2019 in Nouakchott by the Minister of Economy and Industry, Sheikh El Kebir Moulaye Taher, and the legal advisor to the MD of FADES, Ahmed Abdel Havidh M'heid, in the presence of the Minister of Transport.
The 358 km infrastructure aims to improve the national road network and contribute to better integration between Mauritania and Mali. The first section will connect Tidjikja to Goudia (92 km), the second will connect Goudia to Boumdeïd (70 km), the third will connect Kankossa to Leboulli (97 km) and finally, the fourth segment, 99 km long, goes from Leboulli to Gabou towards the border with Mali.
According to the Mauritanian government, the project will also improve the economic situation of populations living in the border areas.
Romuald Ngueyap
Additional Info
- communiques: Non
- couleur: N/A
Live News
-
Niger appoints BCEAO expert Laouali Abdou Rafa as economy and finance minister
07:41
-
Cameroon diamond output more than doubles in 2025, revenues remain flat
04:18
-
Water deficit cuts output at Nachtigal, Songloulou and Memve’ele
04:16
-
CDC commits CFA2.45bn in inputs to restart banana and palm plantations
04:13
-
Mission 300 to Require About $46 Billion for Mini-Grid Rollout in Africa by 2030
19:17
-
Kenya Turns to European Union to Strengthen Cybersecurity
19:08
-
Saudi Arabia’s Zahid Group Buys South Africa’s Barloworld for $1.4 Billion
19:02
-
Togo steps up dialogue with businesses to restore trust in tax system
17:52
-
Sunday Paul Adah Scales Fintech Platform for Global Education Costs
15:05
-
Steve Nganga Connects Kenyans to Reliable Local Services Through Balozy
15:02
The BoxCommerce–Mastercard Partnership introduces prepaid cards, giving SMEs instant access to e...
Circular migration is based on structured, value-added mobility between countries of origin and host...
Togolese banks provided 16.2% of WAEMU cross-border credit by September 2025 Regional cross...
President Tinubu approved incentives limited to the Bonga South West oil project. The project tar...
BRVM listed the bonds of the FCTC Sonabhy 8.1% 2025–2031, marking Burkina Faso’s first securitiz...
Africa will require about $46 billion by 2030 to deploy mini-grids under the Mission 300 initiative led by the World Bank and the African...
The European Union finances the Kenya Cyber Resilience (KCR) project with 454 million Kenyan shillings ($3.5 million). Kenya detected 12.5 billion...
Tanzania plans to sign the legal framework for the $42 billion Tanzania LNG project before June 2026. The project targets development of more...
Extractive sector surged 50.9%; manufacturing grew 3.5% on food, fuel gains Cumulative industrial activity up 11.7% by end-September 2025 Industrial...
The Khomani Cultural Landscape is a cultural site located in northern South Africa, in the Northern Cape province, near the Kgalagadi Transfrontier Park....
Three African productions secured places among the 22 films competing for the Golden Bear at the 76th Berlin International Film Festival. Berlinale...