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
-
Rwanda trade deficit narrows 12.5% in Q2 2025 as imports, exports fall
20:42
-
Mali rolls out new digital tools to modernize public administration
20:14
-
Orion seeks $200 mln to kickstart South Africa’s Prieska copper-zinc mine
20:00
-
BW Energy reshuffles leadership, keeps Africa core to growth strategy
19:44
-
Cabrel Dji brings digital innovation to traditional tontines in Cameroon
18:08
-
Cameroon: Sodecoton Partners Onacc to Combat Climate Change Losses
17:33
-
Norwegian Scatec Consolidates Cameroon Solar Dominance with Second CFA25 Billion Investment
16:39
-
Cameroon Navigates Inflation: 2018-2025 Economic Overview
16:12
-
CAF to launch “Yalla” app for AfCON 2025 tickets, Fan ID and e-Visa
13:14
-
Cameroon seeks study firm for CFA500 bln national fertilizer plant project
12:56
From Dakar to Nairobi, Kampala to Abidjan, mobile money has become a lifeline for millions of Africa...
Airtel Gabon, Moov sign deal to share telecom infrastructure Agreement aims to cut costs, boo...
• WAEMU posts 0.9% deflation in July, second month in a row• Food, hospitality prices drop; alcohol,...
Malawi votes in high-stakes presidential election Tuesday Economic crisis, inflation dominate vot...
Vision Invest invests $700m in Arise IIP, Africa’s largest private infrastructure deal in 202...
Trade deficit down to $758.9 mln in Q2 2025 from $867.3 mln a year earlier. Exports dropped 35.6%, while imports declined 20.5%...
Local firms deliver digital solutions for transport, health, and territorial admin. Systems include biometric licenses, hospital records, and local...
Orion Minerals signs non-binding funding deal with Glencore for Prieska project. Financing of $200–250 mln planned in two stages, tied to 10-year...
Brice Morlot moves from CFO to head of operations, replacing Lin Espey. Thomas Young shifts from strategy to CFO as company targets 90,000 bpd by...
Surprisingly, only one African song made it onto Rolling Stone's list of the 500 Greatest Songs of All Time. The track is "Essence," a collaboration...
The Umhlanga Festival, also known as the “Reed Dance,” is one of the most iconic cultural events in the Kingdom of Eswatini in Southern Africa. Every...