AfDB approves US$127M package to open up eastern agricultural areas in Niger

NIGER – African Development Bank Group has approved funding of US$127.8 million to open up eastern agricultural areas in Niger. The funds have been approved by the Board of Directors of the African Development Fund, the Group’s concessional arm.  The approved package comprises a loan of US$71 million and a grant of US$56.8 million will be used to open up…

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Airtel Niger invests US$5.7 million to deploy Zinder optical fiber to the border with Nigeria

NIGER – Airtel Niger, a telecommunication company, has constructed a fibre link from the city of Zinder to the Nigerian border at Maimoujia, and has added a data centre in Zinder. The company, owned by Indian group Bharti Airtel, says it spent US$5.7 million on the infrastructure, which runs for 123km between Zinder and Maimoujia and includes an extra 12km…

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YMMY Finance Holding set to invest US$3.3bn in Niger for several projects

NIGER – Morocco’s YMMY Finance Holding announced that it will invest US$3.3 billion (MAD 29.4 billion) in projects in Niger’s capital city of Niamey, reports Morocco World News. The announcement follows the signing of a Memorandum of Understanding (MoU) between the Moroccan financier and the city of Niamey. “There are six projects that will be carried out over 8 years…

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Niger to develop 50 megawatts of grid-connected solar power in partnership with IFC

NIGER – The International Finance Corporation (IFC), an international financial institution, and the Government of Niger have announced a partnership under the World Bank Group’s Scaling Solar program. IFC and Niger will develop up to 50 megawatts of grid-connected solar power, equivalent to roughly 20 percent of the country’s current installed capacity. The project will help power thousands of homes,…

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