Close Menu
    Facebook X (Twitter) Instagram
    Facebook X (Twitter) Instagram
    SweetCrudeReportsSweetCrudeReports
    Subscribe
    • Home
    • Oil
    • Gas
    • Power
    • Solid Minerals
    • Labour
    • Financing
    • Freight
    • Community Development
    • E-Editions
    SweetCrudeReportsSweetCrudeReports
    Home » AfDB approves $140.6m loan for road infrastructure project in Eswatini

    AfDB approves $140.6m loan for road infrastructure project in Eswatini

    December 9, 2024
    Share
    Facebook Twitter LinkedIn WhatsApp

    Abidjan, Ivory Coast — The Board of Directors of the African Development Bank Group has approved a loan of $140.6 million to Eswatini for the first stage of a programme to improve road links and mobility at national and regional level in both urban and rural areas and create at least 200 jobs.

    Inadequate road infrastructure is a major reason why socio-economic development has struggled to make progress in the regions of Lubombo and Shiselweni. The regions have abundant agricultural resources, but employment opportunities are limited, and young people lack essential skills.

    The road infrastructure investment will enable upgrading of 105.9 km of paved roads. The new road surfaces will be adapted to climate change, enabling all-weather transportation locally and the wider area. The Siphofaneni-Sithobelath-Maloma-Nsoko (MR14) and Maloma-Siphambanweni (MR21) sections will be upgraded and will have a width of 12.3 metres, including 2-metre paved shoulders on each side of the road as well as bridges. The effect will be to reduce journey times and vehicle operating costs.

    The project also includes construction of an axle-load weighing facility along the MR14 road. In addition, support will be provided to sectoral reforms of policy and institutional frameworks in the sphere of road safety (current road safety provisions are not consistently implemented), and for the design of an axle-load control programme.

    In welcoming the Project, Moono Mupotola, the Bank’s Country Manager for Eswatini said : “Above all, the project will contribute to poverty reduction by creating well-paid jobs for young people in economically disadvantaged regions such as Lubombo and Shilselweni,”. “This will be achieved through targeted vocational training and apprenticeship programmes. At least 200 young people will benefit by obtaining formal qualifications and professional and technical skills that are adapted to market needs.”

    The Bank began operations in Eswatini in 1972 and its cumulative contributions in the country to date exceed USD 820 million in the form of grants and concessional loans. The Bank’s interventions have included investments across various sectors (agriculture, mining, energy, water and sanitation, transport, finance, governance and communication, knowledge-based activities, policy dialogue and technical assistance.

    Related News

    ‘Cross-border financial crimes draining billions from West, Central Africa’ 

    Afreximbank launches 2025 Report on African trade

    Ghana approves $2.8bn debt relief deal with creditor nations

    Comments are closed.

    E-book
    Resilience Exhibition

    Latest News

    WISTA Nigeria laud appointment of female maritime leaders

    June 29, 2025

    Akwa Ibom, REA partner to expand rural electrification access

    June 29, 2025

    Genesis Energy and Desert Technologies sign Strategic Collaboration Agreement

    June 29, 2025

    Genesis Energy, Desert Technologies sign strategic collaboration agreement to accelerate renewable energy access in Afric

    June 28, 2025

    Akwa Ibom, REA partner to expand rural electrification access 

    June 28, 2025
    Demo
    Facebook X (Twitter) Instagram
    • Opec Daily Basket
    • Oil
    • Power
    • Gas
    • Freight
    • Financing
    • Labour
    • Technology
    • Solid Mineral
    • Conferences/Seminars
    • Community Development
    • Nigerian Content Initiative
    • Niger-Delta Question
    • Insurance
    • Other News
    • Focus
    • Feedback
    • Hanging Out With Markson

    Subscribe for Updates

    Get the latest energy news from Sweetcrudereports.

    Please wait...
    Please enter all required fields Click to hide
    Correct invalid entries Click to hide
    © 2025 Sweetcrudereports.
    • About Us
    • Advertise with us
    • Privacy Policy

    Type above and press Enter to search. Press Esc to cancel.