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African Development Bank Funds Road Project in Bénin
The African Development Bank (AfDB) Group has approved a loan of 33.68 million of units of account (UA), representing 24.88 billion CFA francs to fund the asphalting of the Ndali-Nikki-Chicandou- Nigeria border road, the Bank told APA on Sunday.
West African Development Bank Awards CFA 22.6 Billion Francs Loan to Burkina Faso Companies
The West African Development Bank (BOAD) has awarded CFA 22.6 billion francs loan to companies and institutions of Burkina Faso to strengthen the sanitation in Ouagadougou and increase the production capacity of the main sugar factory of the country. The...
Police in Guinea Bissau Arrest 14 Officials for Suspected Embezzlement of Public Funds
Fourteen officials of the Guinea Bissau Ministry of Finance “accused of forgery and the use of forgeries and embezzlement of funds devoted to salaries of fictitious officials,” have been arrested by the police, the Deputy Director of the Judicial...
Gambian Central Bank Decides to Maintain Rediscount Rate of Local Currency
The Governor of the Central Bank of The Gambia, Momodou Bamba Saho has given his latest report of the bank’s monetary policy committee over the weekend, stressing that, taking the developments into consideration, the committee has decided to maintain...
Presidential Candidate in Togo Pledges to Double Civil Servants’ Wages
The presidential candidate representing the Party for Renewal and Redemption (PRR) in the Togolese elections, Nicolas Lawso, has promised to double the wages of Togolese civil servants if elected on March 4. “If elected, I will double or even triple...
Congolese Government And Spanish Firm Sign Agreement to Build Cement Plant
The Congolese government has signed a draft agreement with a Spanish firm, for the setting up of a clinker-based grey cement factory in the southern city of Pointe Noire. With an annual capacity of 500,000 tons, this plant will be the second of its kind...
African Development Bank Approves Loan for Rural Electrification in Burkina Faso
The African Development Bank (AfDB) has approved a loan of 18.2 billion CFA francs for Burkina Faso to fund the strengthening of the country’s power and rural electrification infrastructure. With this financial support, the country’s ambition is to...
Senegalese Leader Pushes for 3 Day Salary Deduction to Help Haiti
According to the Senegalese state-owned news agency (APS) the Senegalese president, Abdoulaye Wade, has expressed his willingness to draft a bill for a “compulsory three-day salary deduction both in his country’s public and private sectors”,...
