The board of the African Development Fund (ADF) has approved a loan of US$71.5mn to pave sections of two roads in southwestern Uganda, a project expected to boost livelihoods, school attendance and rural connectivity
Roads
Mzuzu-Nkhata Bay is one of the safest roads in Malawi
The African Development Bank-funded Mzuzu-Nkhata Bay road is one of Malawi’s safest roads, according to the project’s completion report
South West Development Authority resumes road maintenance in Cameroon
The South West Development Authority (SOWEDA) has linked Bokwaongo, Bwassa, Likombe, Mapanja and Bonjongo villages in the Buea Council area with a rehabilitated earth road
Nigeria’s Debt Management Office finalises Sukuk Bond listing
The Nigerian government has handed over US$419.50bn to the Ministry of works for the proceeds of the third Sukuk Bond that it recently raised
Nigeria’s Sukuk bond oversubscribed by 446 per cent, says Debt Management Office
The Nigerian Debt Management Office (DMO) has announced an oversubscription of its US$390mn third Sovereign Sukuk bond by 446 per cent, attracting US$1.72bn in total