Niger has obtained a loan of 480 billion CFA Francs (1 billion U.S. dollars) from the Export-Import Bank of China (China Exim Bank) to fund various projects in the land-locked West African country, an official source said on Thursday. The agreement ratified in Niamey on Wednesday by the Nigerien government will facilitate funding of projects in sectors such as construction, agriculture and industry. Currently, Sino-Nigerien cooperation covers energy, culture, security and infrastructure. The cooperation was reinforced after the entry of various Chinese companies in the drilling and refining of Nigerien oil and the mining of uranium in the northern part of the country. With Chinese support, Niger is today one of the oil producing and exporting countries. The country has a complete petroleum industry, according to the source. The authorities have also proposed the use of Chinese support to boost the entire project for coal mining from Salkadamna mines in Tahoua region and construction of a high-voltage transmission line from Soraz to Malbaza through Zinder and Maradi towns.
GMT 12:09 2018 Monday ,26 November
Black Friday less wild as more Americans turn to online dealsGMT 15:07 2018 Sunday ,18 November
Refugee host countries discuss UNRWA's financial crisisGMT 17:22 2018 Wednesday ,31 October
Russia climbed to 31st place in Doing Business-2019 ratingGMT 16:53 2018 Wednesday ,17 October
"Putin" We need for collective restoration of Syria's economyGMT 14:02 2018 Friday ,12 October
Govt to announce incentives package for Overseas PakistanisGMT 18:26 2018 Saturday ,06 October
Dubai attracts Dh17.7 billion in foreign direct investmentGMT 09:02 2018 Friday ,21 September
Economy of Georgia demonstrates "strong signs of recovery"GMT 09:03 2018 Wednesday ,24 January
German investor confidence surges in JanuaryMaintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Send your comments
Your comment as a visitor