LTogo launches a bond for 1.4 billion USD on the UEMOA market
24 January 2011
The government of Togo has just launched a bond for 1.4 billion dollars, it was learned January 20 by the Xinhua press agency.
The purpose is to finance the construction of road infrastructures, but also to develop tourism and to improve primary, secondary and university education.
The bond is a public offering within the West African Economic and Monetary Union (Uemoa), which comprises eight countries.
Elsewhere, last Thursday the African Development Bank also granted Zambia a loan of 104.2 million USD to finance the second phase of the road corridor of Nacala.
The works include the renewal of 114.7 kilometers of road between Nyimba and Sinda.
Dr. Musokotwane said that this infrastructure is key to the socioeconomic development of the country, as it will reduce travel time between Lusaka and the nearest port, reports the Lusaka Times.