Browsing: Abidjan

The African Development Bank and the Economic Community of West African States (ECOWAS) Heads of State now want to speed up the construction of the highway between Abidjan and Lagos.

Calls mount to speed up $15Bn Abidjan-Lagos highway construction

Investing
  • The 1,028km highway will connect economic capitals of five West African countries, part of Ecowas economic block.
  • Estimates show the project will cost $15.1 billion and is part of the Trans-African Highway Network.
  • ECOWAS Heads of State want to speed up the construction of the highway..

The African Development Bank and the Economic Community of West African States (ECOWAS) Heads of State now want to speed up the construction of the highway between Abidjan and Lagos.

This was realized after the 1st round table of development partners and major regional and international DFIs on the financing of the Construction of the Abidjan–Lagos Corridor Highway, in Abidjan, Côte d’Ivoire.

The round table aimed at providing the main regional and international development finance institutions with the latest information on this major regional project.

Abidjan-Lagos road design

The meeting also served as an awareness-raising platform and “soft market test” for the project, …

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Abidjan-Lagos Road Infrastructure To Boost International Trade

Industry and Trade

The construction of the Lagos-Abidjan Highway has the capacity to unlock 85 per cent of trade within the ECOWAS sub-region according to the African Development Bank (AfDB).

The Highway which is 1,028-km project will span across different countries which includes Cote d’Ivoire, Ghana, Togo, Benin and Nigeria -and traverse the economic capitals of the five coastal countries, starting from Abidjan and ending in Lagos, while equally straddling eight border crossings.

Lamin Barrow the Director-General of AfDB who represented Akinwumi Adesina the AfDB President appearing on Tuesday as a panelist at a one-day webinar to showcase the investment opportunities from the Federal Government of Nigeria’s reforms and privatization activities, said that while the Federal Government had spearheaded various reforms in the banking sector that enhanced the resilience of the financial system, there was a need to stay the course in completing the bold reforms initiated to restructure the energy sector.

Nigeria’s …