banking

World Bank to fund $900mln development projects in east Congo

June 11, 2022

The projects will focus on Congo's centralwest Kasai province and eastern regions

KINSHASA - The World Bank and Congo have signed two funding conventions of$900 million to boost female entrepreneurship and access to water and electricity in the east and west of the country, the Bank said in a statement.

The projects will focus on Congo's centralwest Kasai province and eastern regions.

'These operations supplement a portfolio of operations focused on reinforcing human capital and protecting the poorest households - including women - against socio-economic hazards,' World Bank Congo Director said in a statement dated Tuesday but seen by Reuters on Wednesday.

The deal was clinched at the end of a two-day visit to Congo by the World Bank's strategy and operations director for East and Central Africa, Humberto Lopez.

zawya



Top News



banking

South Africa’s TymeBank to acquire...
August 6, 2022
Uganda central bank's tight monetary pol...
August 5, 2022
South Sudan threatens to revoke Stanbic ...
August 4, 2022