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World Bank to fund $900 million development projects in E. Congo

by Reuters

KINSHASA Jun 08, 2022 - 11:33 pm GMT+3
Democratic republic of Congo President Felix Tshisekedi addresses the crowd as his wife Denise Nyakeru Tshisekedi (L) looks on during a ceremony at the National Assembly in Kinshasa, June 8, 2022 (AFP Photo)
Democratic republic of Congo President Felix Tshisekedi addresses the crowd as his wife Denise Nyakeru Tshisekedi (L) looks on during a ceremony at the National Assembly in Kinshasa, June 8, 2022 (AFP Photo)
by Reuters Jun 08, 2022 11:33 pm

The World Bank and Congo have signed two funding conventions worth $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 the eastern regions.

"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

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