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US$18 million from BADEA to the Republic of Ghana and the United Republic of Tanzania

Discussion in 'International Forum' started by MaxShimba, Feb 2, 2011.

  1. MaxShimba

    MaxShimba JF-Expert Member

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    The Arab Bank for Economic Development in Africa (BADEA), will sign in Cairo on Sunday, 16 January 2011, two loan agreements worth 18 million US dollar, for the benefit of the Republics of GHANA and TANZANIA,

    A loan agreement of US $ 8 million from (BADEA), to the Republic of GHANA to finance the CONSTRUCTION OF THE TRAUMA AND ACUTE PAIN CENTRE PROJECT IN KORLE-BU TEACHING HOSPITAL IN “ACCRA”– PHASE I.

    The project aims at the expansion, development and improvement of the standard of the emergency treatment services at “Korle Bu” Teaching Hospital in the capital “Accra” to be rendered to the patients who directly come to the hospital or those referred from hospitals in other regions whose number is annually increasing. Hence makes possible to diagnose their cases quickly and provide them with the appropriate treatment. The project also aims at availing educational and training opportunities to the medical cadres in the country, and at meeting the shortfall of these cadres resulting from immigration abroad.

    Moreover, BADEA will signe a loan agreement totaling US $ 10 million dollars to the United Republic of Tanzania to help finance Rural Electrification Project in “GEITA” DISTRICT.

    The project is within the government program for provision of electricity to people and also the power for poor initiative. The project aims at improving the life standards and reduces poverty and migration rates from villages to towns through the provision of power to number of villages for housing and trade, agriculture and industrial activities which boost the economic and social development and reduce cutting of trees to be used as source of energy.

    This article was originally posted on West Africa Business Communities
     
  2. Nyambala

    Nyambala JF-Expert Member

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    Halafu wakti huo huo viongozi wetu wanashadadia malipo ya DOWANS kweli miafrika.........
     
  3. The Finest

    The Finest JF-Expert Member

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    Ndiyo tulivyo.....
     
  4. The Finest

    The Finest JF-Expert Member

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    And i hope that loan amount will be used for the intended project and not otherwise
     
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