The Moroccan construction firm Houar Enterprise Company has secured contracts worth nearly €100 million (about $108 million) to build two roads in Senegal. According to the Moroccan media Les Inspirations Éco, the first deal worth €70.2 million involves building an 11-kilometer highway connecting Gandon and Saint-Louis in the northwest. This project will be co-funded by the Senegalese government, the Arab Bank for Economic Development in Africa (BADEA), and the Kuwaiti Fund for Arab Economic Development (KFAED).
The second contract focuses on the construction of the "Rice Loop," a 51-kilometer road valued at €29.5 million. Financing will come from the African Development Bank (AfDB).
Both roads are aimed at connecting and promoting economic development in the northern regions of Senegal. Houar Enterprise Company won these contracts against several candidates who participated in an international tender, including the local construction firm Compagnie Sahélienne d'Entreprises (CSE), the Tunisian company Soroubat, and the Chinese groups China Civil Engineering Construction Corp, China Railway Seventh Group, and Weiha International Economic & Technical Cooperative.
Togolese banks provided 16.2% of WAEMU cross-border credit by September 2025 Regional cross...
Microfinance deposits in Togo increased by CFA11.9 billion, a 2.7% rise in the second quarter of 2...
Nigerian fintech Paystack launches Paystack Microfinance Bank Bank created after acquiring ...
Nigeria granted Amazon Kuiper a seven-year license starting February 2026 The move opens comp...
Tether partnered with the United Nations Office on Drugs and Crime to strengthen digital asset cyb...
Government plans to buy 123,000 tons of unsold cocoa to calm the market Exporters struggle to meet contracts after a sharp fall in cocoa...
South Africa to raise public officials’ salaries by 3.8-4.1% from April Increases come amid fiscal constraints and modest economic...
Congo sets presidential election for March 15, 2026, officials say Denis Sassou N’Guesso nominated by ruling party; opposition candidates...
Italian group expands footprint through acquisitions and new plants since 2024 Planned Metal Crowns takeover would strengthen East Africa...
Ambohimanga is a hill located about twenty kilometres northeast of Antananarivo, in Madagascar’s Central Highlands. It holds a central place in the...
Bamako hosted the first International Festival of African Documentary (FIDAB) from January 16 to 18, 2026, screening 12 African films. UNESCO...