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
-
BGFIBank Targets African Mining Sector Expansion at Mining Indaba
10:45
-
Ghana Moves Toward First Commercial Marine Aquaculture Project
10:43
-
DRC: Tech Entrepreneur Benjamin Kalombo Mukena Expands Digital Training Initiatives
10:34
-
Airtel Africa Foundation Awards $1 Million in ICT Scholarships to Ugandan Students
10:32
-
Cameroonian Entrepreneur Blaise Buma Expands Cross-Border Payments With Kappa Pay
10:32
-
UMOA Sanctions Three Banks Over Prudential Rule Breaches
09:49
-
BlueInvest Africa Seeks Ocean Startups to Pitch Blue Economy Solutions
08:42
-
OpenAI Tests Ads on ChatGPT for Free Users in the U.S.
08:26
-
Togo signs 5-year IAEA Agreement to expand peaceful use of nuclear technologies
20:33
-
Cameroon issues inaugural 15-year Treasury bond in CEMAC zone
20:25
Deposits grow 2.7%, supporting lending recovery Average loan sizes small, credit risk persists ...
Oil majors expand offshore exploration from Senegal to Angola Gulf of Guinea accounts for about 1...
MTN is considering buying back telecom towers it sold years ago, signalling that control of infras...
Rwanda, partners break ground on $2 billion Kigali Innovation City Smart city targets ...
The BCEAO granted Semoa a level-3 “full service” payment institution license on January 27, 2026...
BGFIBank is expanding its institutional presence in African mining finance, with a focus on the DRC and Ivory Coast. African banks, including AFG Bank,...
Flosell Limited plans Ghana’s first commercial-scale marine aquaculture project in partnership with Norwegian firms. The project will begin site...
Airtel Africa Foundation allocated 3.85 billion Ugandan shillings (about $1 million) in fully funded scholarships to 20 students. The...
MTN’s Bayobab signed a partnership with Mozambique’s TMCEL to provide international voice, roaming and IPX services. MTN served 301.3 million...
Porlahla Festival ends third edition in Kouto, promoting Senufo culture Event draws regional and international participants, boosting cultural...
Essaouira is a coastal city in Morocco, on the Atlantic Ocean, in the Marrakech–Safi region, about two and a half hours by road from Marrakech. It stands...