Read at : Google Alert – desertification
OFID targets sustainable development in five African countries
OPEC Fund for International Development to invest in Burkina Faso, Ethiopia, the Gambia, Niger and Sierra Leone
The OPEC Fund for International Development has signed loan agreements totalling US$69.6 million to finance projects in five African countries. Burkina Faso, Ethiopia, the Gambia, Niger and Sierra Leone will benefit from investment in energy, education, health, transport, water, and agriculture.
Ethiopia will receive $20 million to pursue an Energy Access Project which aims to establish a sustainable program for expanding the population’s access to electricity and improving the quality and adequacy of electricity supply. The project will also reduce environmental degradation and improve energy end-use efficiency.
Niger will receive two loans of $18.36 million for a “Road Rehabilitation Project” and a “Rural Development Programme”. The former will look to improve maintenance of the country’s existing road system by re-gravelling around 20 unpaved roads and indentify the main environmental problem in Niger of land desertification due to droughts and continuous human expansion.
(continued)
