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

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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

Réagissez sur: africatopforum.fr

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