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عبد الحفيظ حساينية

عبد الحفيظ حساينية

Tuesday, 13 February 2018 19:59

US$ 12.05 Millions from BADEA to Burkina Faso

The Arab Bank for Economic Development in Africa (BADEA), has signed a loan agreement worth US $ 12.05 million for the benefit of Burkina Faso. The agreement was signed during the official visit of H.E. Dr. Sidi Ould TAH, Director General of BADEA, to Burkina Faso that took place during the last month of January 2018.

The project, which is part of the national strategy for the development of higher education sector and scientific research, aims at carrying out a program of modernization and extension of national universities.

H.E. Dr. Sidi Ould TAH, Director General of Arab Bank for Economic Development in Africa (BADEA), launched a formal visit to Burkina Faso, last January 2018, and met the President of Burkina Roch Marc Christian Kaboré

In a four-day work visit to Burkina Faso, the Director-General of the Arab Bank for Economic Development in Africa (BADEA), Dr. Sidi Ould TAH, said that BADEA will strengthen cooperation with the West African country.

The Director General of the Arab Bank for Economic Development in Africa (BADEA), Dr. Sidi Ould Tah, is expected today, Wednesday 17/1/2018, in Ouagadougou for a four-day working visit to Burkina Faso.

 The Board of Directors of the Arab Bank for Economic Development in Africa (BADEA), held its 4th meeting for the year 2017, in London, during the period 13 -15 December 2017.

 The meeting was presided by H.E. Eng. Yousif Bin Ibrahim AL BASSAM, Chairman of the Board of Directors, in presence of H.E. Dr. Sidi Ould TAH, the Director General of BADEA.

A training session on Geographical Information System (GIS), was launched on Sunday, 10 December 2017, at BADEA’s Headquarters in Khartoum. The training is executed and supervised by Experts from the United Nations Institute for Training and Research (UNITAR).

The Arab Bank for Economic Development in Africa (BADEA), signed six loan agreements with the Republics of: Senegal, Guinea Bissau, Swaziland, Lesotho, Guinea, Zambia and a Line of Credit to Solidarity Bank of Mali.

These loans will help financing development projects in the field of infrastructure, water, energy, social, (health) and private sectors operations.

The agreements were signed on the sidelines of joint meetings of the International Monetary Fund and the World Bank, that took place in Washington, during the period 09-15 October 2017.

 Vivo Energy Tunisia, a fuel and brand lubricant, was founded in 2011 while Shill, the leader in the oil sector, has been in Tunisia since 1922.

OES Motors is the official representative of the English car brand, Morris Garage, MG, in the Tunisian market, which has been in Tunisia since 2016 and has been acquired by the Shanghai Automobile Industry SAIC (Shanghai Automobile Industriel Corporation) Among the world's leading car manufacturers ranked 41 in Fortune magazine rankings

Dell EMC, the leader in the technological industries, has adopted Disway as its primary distributor for the Tunisian market because of the company's reputation, making it easier to respond to the requirements of Tunisian distributors.

The Board of Directors of the Arab Bank for Economic Development in Africa (BADEA), formally ended its 3rd meeting for the year 2017, held during the period 27-29 September 2017.  

The meeting was chaired by H.E. Engineer Yousif Ibn Ibrahim AL BASSAM, in the presence of H.E. Dr. Sidi Ould TAH, the Director General.

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