Public Management

Mauritania: Arab Fund for Economic and Social Development grants $170 million to build a road to Mali

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
On the same topic
Dangote targets $100B annual revenue within five years Growth driven by refinery, regional exports, Afreximbank support Calls for African...
AFG Bank Mali will mobilize CFA100 billion ($177.2 million) to finance local suppliers and subcontractors in the mining sector. The initiative, called...
The Financial Action Task Force (FATF) removed Burkina Faso from its grey list following extensive reforms. Ouagadougou implemented a 40-point action...
Funds to support debt repayment, health, salaries, and fiscal reforms Marks renewed cooperation after 2021 freeze in French aid The French...
Most Read
01

Drones to aid soil health, pest control, and input efficiency High costs, skills gap challenge ac...

Kenya Plans National Drone Rollout to Modernize Farming
02

TotalEnergies, Perenco, and Assala Energy account for over 80% of Gabon’s oil production, estimate...

Gabon Seeks Foreign Partners to Revive Declining Oil Sector
03

IMF cuts WAEMU 2025 growth forecast to 5.9% Strong demand, services, and construction support...

IMF Lowers WAEMU Bloc’s Growth Forecast to 5.9% for 2025, Benin Now Leading
04

Diaspora sent $990M to CEMAC via mobile money in 2023 Europe led transfers; Cameroon dominat...

Mobile Money Transfers to CEMAC Near $1B in 2023
05

BYD to install 200-300 EV chargers in South Africa by 2026 Fast-charging stations powered by grid...

China's BYD Plans 300-Station EV Charging Network for South Africa
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

regie@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72


EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.