ECOWAS records 3.3 % growth in 2019 as investments hit $20 billion

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The Lagos-Abidjan Highway will become a reality; Adesina told regional leaders, as AfDB is providing $11.1 million to the ECOWAS Commission to develop the Master Plan for the highway corridor, with additional $13.5 million for feasibility studies to be completed next year. It expects construction to start in 2022.

Current initiatives include a $25 billion investment to turn Africa into a global powerhouse in food and agriculture. This includes financing special agro-industrial processing zones in northern Togo, Côte d’Ivoire, and Senegal.
  
During the one-day meeting, ECOWAS leaders deliberated on critical issues affecting the region, including the proposed ECO single currency regime for the sub-region and the Action Plan for Regional Security.Adesina summed up the Bank’s vision for ECOWAS: “An integrated monetary zone and financial markets; a free zone for trade, with free movement of people, capital, goods and services; an ECOWAS region whose new currency would be ECO; and the echoes of that will reverberate across the world.”



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110 Comments

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  • Ibrahim Asifa December 24, 2019 06:36:53 AM
    nice update
  • Diseph Jonathan December 24, 2019 06:31:14 AM
    Thanks for the update
  • Praise Abbas December 24, 2019 06:24:49 AM
    nice update
  • Monday Uhuo December 24, 2019 06:23:29 AM
    nice information
  • Chimankpam Agunnaya December 24, 2019 06:22:31 AM
    interesting news
  • Ademola seun December 24, 2019 06:17:53 AM
    Nice update
  • Emmanuel Obetta December 24, 2019 06:16:07 AM
    Thank you guys
  • Ilani friday Usman December 24, 2019 06:14:35 AM
    NIce update
  • David onyebuchi Okolo December 24, 2019 06:14:11 AM
    Wonderful platform
  • Saihan Nasir December 24, 2019 06:11:41 AM
    Nice update
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