AfDB grants Mozambique $34mln for road projects
Friday, 03 April 2020 18:00
The Government of Mozambique will receive $34 million from the African Development Bank (AfDB) to pursue the construction of the 35 km Nambungali - Roma road. This is part of the second phase of the Mueda - Negomano road project (163.8 km), which aims at improving transport infrastructure between Mozambique and Tanzania.
The related agreement was signed on 24 February between the Mozambican Finance Minister, Adriano Maleiane, and the Bank's local representative, Pietro Toigo.
Once completed, this road project will complement the Unity Bridge and significantly reduce travel time to the ports of Pemba in Mozambique and Mtwara in Tanzania. Let’s note that the pan-African Bank will also provide an additional $2 million for additional works, and technical assistance to two-sector agencies - Administração Nacional de Estradas (ANE) and Fundo de Estradas (FE) - giving them the capacity to improve their operations.
The Government of Mozambique will contribute $536,000, mainly for resettlement and compensation.
Romuald Ngueyap
Additional Info
- communiques: Non
- couleur: N/A
Live News
-
Togo discusses financing, domestic debt and energy with businesses
12:06
-
Togo holds talks with private sector on financing, debt and energy issues
12:03
-
Shema Steve Builds Alternative Finance Platform Exuus for Underserved Users
11:57
-
Ghana’s GoldBod Invests $2.5 Million in New Artisanal Mining Sites Development
11:49
-
Mali Partners With Orange to Digitize Universities
10:46
-
Gabon Opens Kabala Border Post to Boost Trade With Republic of Congo
10:42
-
Nigeria: Sidebrief launches “Signal” event series to connect startups and investors
07:40
-
Lagos to Host Africa Blockchain, DeFi, and Web3 Summit 2026
07:36
-
African Girls Can Code returns to Burundi to train young women
07:34
-
Togo introduces new rules requiring part of cashew supply to go to local processors
20:03
Togo parliament adopts WAEMU law against currency counterfeiting Bill defines offences including ...
Since its 2019 IPO, Airtel Africa paid Deloitte over $37 million in audit and non-audit fees,...
CCR-UEMOA presents mid-term review of private sector competitiveness efforts Reforms, AfCFTA trai...
World Bank announces $137 million to boost West Africa digital economy Program expands broad...
Tilenga oil project required land from 4,954 households in Uganda Over 99% of affected households...
GoldBodinvests $2.5 million in geological studies to identify new artisanal mining sites. The initiative targets mineralized zones in...
Mali and Orange Mali plan a partnership to accelerate the digital transformation of universities. The initiative focuses on connectivity,...
Gabon inaugurates a new border post in Kabala to improve trade and mobility with Republic of the Congo. The project supports regional integration...
Zamani Telecom calls for a more favorable investment codeto support infrastructure spending and market competitiveness. The operator’s annual...
Afreximbank launches Impact Stories season two highlighting trade-driven transformations Series features projects across Africa and Caribbean, from...
Mbanza Kongo, located in northern Angola, is one of the most important historic cities in Central Africa. The capital of Zaire Province, it stands on a...