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
-
Thierry Djeumo: “An Operational Excellence Index Would Be a Catalyst for Africa’s Development”
11:58
-
In Ethiopia, Timkat Strengthens National and Cultural Unity
11:50
-
Afriland First Group to Expand in Chad After CEMAC Regulatory Approval
10:42
-
Indonesia Seeks New Markets in North Africa Over EU Deforestation Rules
10:31
-
Senegal: Dakar Port to Digitize Cargo Clearance to Cut Processing Times
10:10
-
MoloMoloPay App Expands Access to Goods Through Savings-Based Installments
09:18
-
Malawi Launches ICT Policy and Digital Lab to Modernize Justice System
09:06
-
Orange Strengthens African Subsea Fleet with Two New Cable-Laying Ships
09:03
-
Cameroon’s Catramp seeks CFA5bn IFC loan for regional expansion
05:24
-
Tradex names Alain Ngondi Owona interim head in Equatorial Guinea
05:22
The Bank expects a 41% rise in 2025 and a further 6% increase in 2026. Gold topped $4,00...
Social media users accuse the UAE of backing Sudan’s RSF militia. Activists and celebrities c...
Nigeria firmly rejected President Trump's threat to send troops to "protect persecuted Christians,...
Africa is projected to supply up to 9% of the global rare earths market thanks to announced mines, p...
Ghana holds talks to address energy debt and tighten sector oversight New inspector, stricter...
Thierry Djeumo, a former consultant at McKinsey France and an international consultant, is one of the authors of the new study, Operational Excellence: An...
As the world’s leading producer and exporter of palm oil, Indonesia also maintains a significant presence in the global coffee and cocoa markets. The...
Kenya targets Moroccan market to grow tea exports and trade ties Talks held with TMAN and Evergreen Tea to explore market entry Challenge remains as...
Reforms aim to boost jobs, GDP, and digital economy by 2030 AfCFTA digital protocol sets standards for e-commerce, data, and cybersecurity...
Timkat, celebrated each year in Ethiopia, marks the feast of Epiphany in the Ethiopian Orthodox Church. It commemorates the baptism of Christ in the River...
The Namib Erg, also known as the Namib Sand Sea, is one of the most ancient and spectacular desert landscapes on Earth. Stretching along Namibia’s...