
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 15:06 2018 Sunday ,18 November
Refugee host countries discuss UNRWA's financial crisisGMT 16:17 2018 Monday ,12 November
Egypt working on 4-year plan to increase growth rateGMT 12:45 2018 Friday ,09 November
Egyptian agriculture products introduced to Japanese markeGMT 11:42 2018 Friday ,02 November
Turkey's new mega airport, boon for slowing economyGMT 13:42 2018 Monday ,29 October
Egypt's trade volume hits $67.63 bln over 9 monthsGMT 15:13 2018 Friday ,12 October
Govt to announce incentives package for Overseas PakistanisGMT 14:46 2018 Thursday ,11 October
Economy and energy dominate agenda in Russian-Slovak relationsMaintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor