Ivory Coast, Top News

Water and infrastructures in Africa: the ADB inverting 256 million dollars

ADO_Kaberuka_Addis4

The very first meeting on Monday of the African Development Bank (BAD) directors, since the return of the institution in Côte d’Ivoire, was beneficial for Africa.

A 256 million dollar disbursement intended for the financing of infrastructures and the access to water in Africa, was approved.

The agreements concern a privileged 150 million dollar loan for the building of a unique seaport in the free trade area of Lagos, according to a communiqué from the institution.

That also counts to contribute at the level of 5 million dollars to the implementation of the Kukuza Project Development Company (KPDC), a new company that sets up the conception and preparation of African infrastructures projects.

Moreover, the Board meeting also approved a 91,10 million dollar loan and a subsidy for a technical support at the level of 10,06 million dollars to finance the water, cleaning up and hygiene big programs of Ethiopia.

 

Original text by: Blaise AKAME

On the same topic:

Leave a Reply

Your email address will not be published. Required fields are marked *