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High cost prompts Senegal to cancel desalination deal with Acwa power

Senegal plans to cancel a 32-year deal with Saudi company Acwa power due to its high cost, Senegalese water minister Cheikh Tidiane Dieye said. The deal, valued at $800 million, was signed by outgoing president Macky Sall in his final days in office. New president Basirou Faye promised to review a set of deals signed […]

COVID-19: AfDB unveils $10 billion Response Facility

The African Development Bank Group has announced the creation of the COVID-19 Response Facility to assist regional member countries in fighting the pandemic. The Facility is the latest measure taken by the Bank to respond to the pandemic and will be the institution’s primary channel for its efforts to address the crisis. It provides up […]

Benin, Saudi fund to bolster cooperation

Benin and the Saudi Fund for Development (SFD) have discussed ways to strengthen partnership between the two sides following a meeting between SFD Chief Executive Officer Sultan Abdulrahman Al-Marshad and the West African country’s finance and economy minister Romuald Wadagni. During the meeting that took place in Riyadh, the Saudi capital hosting the headquarters of […]