World Bank To Fund $900 Million Development Projects In East Congo

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Chukwuebuka Festus

The World Bank and Congo have signed two funding conventions of$900 million to boost female entrepreneurship and access to water and electricity in the east and west of the country, the Bank said in a statement.

The projects will focus on Congo’s central west Kasai province and eastern regions.

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“These operations supplement a portfolio of operations focused on reinforcing human capital and protecting the poorest households – including women – against socio-economic hazards,” World Bank Congo Director said in a statement dated Tuesday but seen by Reuters on Wednesday.

The deal was clinched at the end of a two-day visit to Congo by the World Bank’s strategy and operations director for East and Central Africa, Humberto Lopez.

Source: Reuters

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