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Mauritania and Chad Sign $137 Million Financing Agreement for “Sahel Launch” Project
Strategic Partnership to Boost Regional Development
Mauritania and Chad have officially signed a financing agreement worth $137 million to support the ambitious “Sahel Launch” project. The agreement was signed on the sidelines of the 60th Annual Meetings of the African Development Bank (AfDB) held in Nairobi, Kenya. This strategic initiative aims to enhance regional integration and economic development across the Sahel region, with a particular focus on improving infrastructure and connectivity between the two countries.
The agreement was signed by Mauritania’s Minister of Economic Affairs and Promotion of Productive Sectors, Abdessalam Mohamed Saleh, and Chad’s Minister of Economy, Planning, and International Cooperation, Mahamat Assouyouti Abakar. The funding will be provided by the African Development Bank, which has been a key partner in supporting sustainable development projects across Africa.
Key Objectives of the “Sahel Launch” Project
The “Sahel Launch” project is designed to address several critical challenges facing the region, including limited infrastructure, economic isolation, and vulnerability to climate change. The project will focus on:
- Improving road and transport infrastructure to facilitate trade and mobility between Mauritania and Chad.
- Enhancing access to energy and digital connectivity in remote areas.
- Promoting economic diversification and job creation, especially for youth and women.
- Strengthening resilience to climate change through sustainable development practices.
By targeting these areas, the project aims to create a more integrated and prosperous Sahel region, fostering long-term stability and economic growth.
Regional Impact and Future Prospects
The “Sahel Launch” project is expected to have a transformative impact on the region. It will not only improve the quality of life for millions of people in Mauritania and Chad but also serve as a model for regional cooperation in West and Central Africa. The project aligns with the African Union’s Agenda 2063 and the AfDB’s High 5 priorities, particularly in the areas of regional integration and improving the quality of life for Africans.
Officials from both countries emphasized the importance of continued collaboration and the need for sustained investment in infrastructure and human capital. They also highlighted the role of international partners, such as the AfDB, in supporting Africa’s development goals.
Conclusion: A Milestone for Sahelian Cooperation
The signing of the $137 million financing agreement between Mauritania and Chad marks a significant milestone in regional cooperation and development. The “Sahel Launch” project is poised to address some of the most pressing challenges in the region by improving infrastructure, boosting economic opportunities, and enhancing resilience to climate change. With strong support from the African Development Bank and a shared vision for progress, Mauritania and Chad are taking a bold step toward a more connected and prosperous Sahel.
