Africa

The African Development Bank Group (AfDB) has approved $545m worth of loans and grants to improve transportation infrastructure in the West African countries of Tanzania, Ivory Coast, Mali and Cape Verdi. Tanzania will secure loans worth $346.4m for its Transport Sector Support Program (TSSP), which will focus on rehabilitating and…
The Federal Executive Council (FEC) of Nigeria has approved the memorandum presented by the minister of works for road contracts worth N432.8bn ($183m). Supervising minister of information Dr Nurudeen Mohammed said that the council approved the memorandum for the award of the construction contract, as well as the rehabilitation of…
The Osun State Government in Nigeria has awarded a major motorway widening contract, worth NGN29.3bn ($185.8m) to RATCON Construction Nigeria. The latest project involves the dualisation of the 30km Gbongan-Akoda Omoluabi Motorway. As a part of the government's efforts to improve the road network across the state's geo-political zones, the…
The Government of Liberia has signed a $70.9m agreement with Chinese state-owned China Henan International Cooperation Group Co (CHICO) for the construction of the Gbarnga-Ganta-Guinea Border Road. The project involves building a 68.61km road linking the central provincial city of Gbarnga and the Guinean border, via Ganta in the north-eastern…
The European Bank for Reconstruction and Development (EBRD) has approved a €150m loan to the Moldovan government for the rehabilitation of nearly 200km of motorways across the country. The finance marks the EBRD's largest ever investment in Moldova and is intended to improve economic growth and regional integration. Moldovan Prime…
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