Category: Middle East & Africa Finance

ESG to fund SGR line, Nigeria 

The Enugu State Government (ESG) has allocated USD6.88 million as part of the 2026 budget for Phase 1 of the 135.5km-long standard-gauge rail (SGR) line.  The project is part of a broader multimodal t... This content is...

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AFD to fund the Transgabonais Railway, Gabon

The French Development Agency (AFD) and the European Union (EU) have announced funding of USD235 million to upgrade the 648km-long rail line between Libreville and Franceville. It includes a USD200 mi... This content is...

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FG secures funding for LRT projects, Nigeria

The Federal Government (FG) has secured a total funding of USD170.35million for the development of light rail transit (LRT) projects in Kaduna and Kano, respectively. The funding will also be utilised... This content is...

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World Bank funds railway overhaul in Iraq

The World Bank has approved funds worth USD930 million  to finance  the Iraq Railways Extension & Modernisation project. This funding aims to upgrade the 1,047 km railway route connecting Umm Qasr... This content is...

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IsDB to fund PMUA, Cote d’Ivoire

The Islamic Development Bank (IsDB) has announced a funding of USD234 million for the Abidjan Integrated and Sustainable Urban Mobility Project (PMUA). It aims to modernize the public transport system... This content is...

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World Bank to fund IREM project, Iraq

The World Bank Board of Executive Directors has announced funding of USD930 million for the Iraq Railways Extension and Modernization (IREM) Project. It will upgrade the railway infrastructure and the... This content is...

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