June 10

World Bank to Fund $900 Million Development Projects in East Congo

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 centralwest Kasai province and 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.

Photo courtesy of Russell Watkins/DFID.

Source: Reuters (link opens in a new window)

Energy, WASH