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.

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