World Bank disburses 1.149 billion FCFA to support victims of floods in the Senegal River Valley

The World Bank is collaborating with Senegal to address severe flooding in the Senegal River Valley, exacerbated by exceptional rainfall and the influence of the Manantali and Diama dams. In this vein, the World Bank has stepped in with 1.149 billion FCFA through the Senegal River Valley Development and Resilience Project, the organization announced. The […]

Morocco to Undertake one Last Test in Feb 2018 before Launch of Africa’s First TGV

Africa’s first high speed train will be launched in Morocco in 2018 after conducting one last test next February, state-owned railway operator ONCF said. The latest tests were staged successfully at a speed of 320 km per hour earlier this week, ONCF said in a statement. The over 2 billion-dollar project has been in development […]

Egypt: World Bank supports housing for low-income households with $500m

The World Bank has granted Egypt a $500 million additional financing destined to support ongoing efforts to improve the affordability of formal housing for low-income households, the Washington-based institution said in a statement. The financing also seeks to strengthen Egypt’s Social Housing and Mortgage Finance Fund capacity to design policies and coordinate social housing programs. […]