- Cape Verde is eager to use part of the expected financing from the African Development Fund (ADF) to expand the electricity transportation network.
Jose Brito, the Cape Verde Minister of Economic Affairs, spilled the beans during a meeting with the African Development Bank group Resident Representative in Senegal, Mohamed H’Midouche, a news release from ADB confirms.
Mr Brito, who heads a delegation to Senegal, said the network will be useful in the distribution of energy that will be produced by generators. He therefore asked the bank officials to move fast in processing his country’s file.
The Cape Verdean Minister expressed satisfaction with the “quality of cooperation between his country and the Bank Group.”
He said he had already met the representatives of the Dutch government who were on mission in Cape Verde concerning the construction a power plant in the country. Mr Brito added that the Dutch were detailed on background information on the signing of a contract with Caterpillar for the purchase of a generator.
However, he said since Cape Verde is still in need of major investments, the bank should not waste time to them in implementing the project, which is expected to stimulate economic development.
In his speech, Mr. H’Midouche said applauded their collaboration with Cape Verde. He also thanked the country for its participation in the bank’s just-ended annual meetings in Shanghai, China. President Pedro Pires of Cape Verde put his country on the spotlight when he catalogued its economic and political achievements during the meeting.
Mr H’Midouche presented a brochure of 30 years of ADB-Cape Verde cooperation, CD-ROM and documentary film made on the country in the run-up to the China meetings.
Cape Verdean delegation was also keen to gather information regarding a study on insularity project. But the bank official informed them that a study report of the project is being reviewed at the bank. After an approval by the bank group, the report will be sent to the Cape Verdean government in July.
afrol News - It is called "financial inclusion", and it is a key government policy in Rwanda. The goal is that, by 2020, 90 percent of the population is to have and actively use bank accounts. And in only four years, financial inclusion has doubled in Rwanda.
afrol News - The UN's humanitarian agencies now warn about a devastating famine in Sudan and especially in South Sudan, where the situation is said to be "imploding". Relief officials are appealing to donors to urgently fund life-saving activities in the two countries.
afrol News - Fear is spreading all over West Africa after the health ministry in Guinea confirmed the first Ebola outbreak in this part of Africa. According to official numbers, at least 86 are infected and 59 are dead as a result of this very contagious disease.
afrol News - It is already a crime being homosexual in Ethiopia, but parliament is now making sure the anti-gay laws will be applied in practical life. No pardoning of gays will be allowed in future, but activist fear this only is a signal of further repression being prepared.
afrol News / Africa Renewal - Ethiopia's ambitious plan to build a US$ 4.2 billion dam in the Benishangul-Gumuz region, 40 km from its border with Sudan, is expected to provide 6,000 megawatts of electricity, enough for its population plus some excess it can sell to neighbouring countries.
front page
| news
| countries
| archive
| currencies
| news alerts login
| about afrol News
| contact
| advertise
| español