The UK Export Finance (UKEF) has provided more than US$123.91mn loan to the government of Benin in support of a UK contract for construction firm Sogea-Satom, to redevelop the major interstate road, securing business for the UK supply chain
Roads
Nigeria approves US$310mn for roads construction and water projects
Nigeria’s Federal Executive Council (FEC) has approved more than US$300mn for road construction in different parts of the country and US$13mn for water projects in Zungeru in Niger State
Nigeria commences Sukuk Bond to develop road infrastructure
The Nigerian government, through the Debt Management Office, has commenced the third tranche sale of US$390mn seven-year Islamic Sukuk bond offe, an Islamic financial bond
Emissions from road construction could be halved with technology
Researchers from Chalmers University of Technology and the University of Gothenburg have studied the construction of an eight km stretch of road and calculated how much emissions can be reduced now and until 2045
AfDB approves US$44.3mn grant for bridge connecting Cameroon and Chad
The Board of Directors of the African Development Bank (AfDB) has approved grants worth around US$44.3mn for the construction of a bridge connecting Cameroon and Chad across the Logone river