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    BREAKING NEWS
    A twin Currency Trade Finance Line of Credit of $50 Million and €50 Million has been validated by the Board of Directors of the African Development Bank Group and the ECOWAS Bank for Investment and Development
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    Ivory Coast Lunches two Major Projects in Abidjan

    Posted On 21 Dec 2022
    By : New Africa Business News, Staff Correspondent
    Comments: 8

    By Richard Adorsu-

    Félix Houphouët-Boigny International Airport (ABJ) – Airport in Abidjan
    Photo Credit: foursquare.com

    NEW AFRICA BUSINESS NEWS (NABN) Accra GHANA- Ivory Coast on Monday launched the construction of two major infrastructure projects in the Ivorian economic capital Abidjan- a metro and the extension of the international airport.

    The launch of the construction was attended by the Ivorian President Alassane Dramane Ouattara and French Economy Minister Bruno le Maire.

    “The metro is one of the largest infrastructure projects on the continent. It is an ambitious project, a social project that will benefit millions of people in Abidjan” the French minister added.

    At the end of 2019, a French consortium comprising the groups Bouygues Travaux Publics, Alstom, Colas Rail and Keolis had been chosen to build the first metro line in Abidjan.

    At the time, France committed to cover the contract with a mix of loans from the French Treasury and private financing guaranteed by the French government. The cost of the work is estimated at 1.36 billion euros. The line will cross the Ivorian metropolis from north to south over 37 km, as far as the airport. The construction work has been delayed for years, but the government hopes that the metro will be operational by 2025.

     

    For New Africa Business News Richard Adorsu Reports,  Africa Correspondent

    About the Author
    New Africa Business News Staff Correspondent
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    8 Comments

    1. Andy December 21, 2022 at 6:23 am Reply

      Thank you for daily newsletters. Love new Africa business news. Thank you for covering the whole continent. Andy in Manchester, England

      • New Africa Business News, Staff Correspondent December 21, 2022 at 6:41 am Reply

        Thanks for reading, Africa’s fastest growing online newspaper. Please forward http://www.newafricabusinessnews.com

    2. Obi December 21, 2022 at 6:28 am Reply

      France is taking more thank $500 Billion annually from so call French speaking Countries in Africa. Very sad. Obi in Lagos NIGERIA

      • New Africa Business News, Staff Correspondent December 21, 2022 at 6:41 am Reply

        Thanks for reading, Africa’s fastest growing online newspaper. Please forward http://www.newafricabusinessnews.com

    3. Jason December 21, 2022 at 6:34 am Reply

      I still can’t understand why France taking these many Billions from Africa, AKA former Colonies. But why blame France. Blame the Countries that continue giving Billions to France. Cape town in South Africa. Jason

      • New Africa Business News, Staff Correspondent December 21, 2022 at 6:41 am Reply

        Thanks for reading, Africa’s fastest growing online newspaper. Please forward http://www.newafricabusinessnews.com

    4. Peter December 21, 2022 at 6:39 am Reply

      I did voted for new Africa business news person of the year. Thank you, Journalist Richard for the reports. Juba SOUTH SUDAN. Peter

      • New Africa Business News, Staff Correspondent December 21, 2022 at 6:40 am Reply

        Thanks for reading, Africa’s fastest growing online newspaper. Please forward http://www.newafricabusinessnews.com

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    A twin Currency Trade Finance Line of Credit of $50 Million and €50 Million has been validated by the Board of Directors of the African Development Bank Group and the ECOWAS Bank for Investment and Development

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    • Nigeria Launches National Domestic Payments Card Program
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