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South Sudan, Japanese govt sign $23m deal for infrastructural development

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The South Sudan government has penned a $23.3m deal with the Japanese government to develop infrastructure in the world’s youngest nation.

The multi-year project grant deal which was signed on Wednesday will include the reconstruction of four bridges, approach roads, revetment, and consulting service to ensure the road traffic safety and expand the traffic volume through reconstructing bridges in the country’s capital, Juba City.

The deal was signed on behalf of the South Sudanese government by the Undersecretary of the Ministry of Foreign Affairs, Amb. Mayen Dut Wol, and Toyama Mitsuhiro, Chargé d’affaires ad interim of Japan, in Juba.

“Without the improvement of infrastructure, sustainable development and economic growth cannot be achieved”, Mr. Mitsuhiro said during the signing ceremony for new grant aid from Japan.

He said the project will also see many South Sudanese engineers train on various technologies necessary for the development of the African youngest nation.

“Once this project is completed, the reconstructed four bridges will contribute to improving the traffic convenience and logistics in the capital city Juba.

“In addition to the Freedom Bridge over the Nile, which will be available in the coming weeks, we expect these bridges also improve the lives of all Juba citizens,” Mitsuhiro said.

Amb. Wol said the grant will be utilised for the “construction of four bridges located in Juba, named Shuhada, Albino, Salakana, and Kokora bridges will reduce traffic congestion and help the overflow of the traffic.”

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World Bank predicts Mozambique economy growing at 5.7% on average

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The World Bank has predicted that the economic growth in Mozambique is expected to accelerate in the medium term averaging 5.7% between 2022 and 2024, as a result of demand recovery and economy benefits from the start of liquefied natural gas production this year.

In a report released Thursday, the World Bank said the start of LNG production at the offshore Coral Project and the expected resumption of other LNG projects would help spur the southeast African nation’s growth in the intervening year.

The World Bank said a three-year extended credit facility arrangement agreed by Mozambique with the International Monetary Fund (IMF) and budget support from other partners would further help to strengthen its economic recovery.

The IMF’s executive board had, in May, approved a $456 million program for the country, the first since the global lender suspended support to Mozambique six years ago.

However, the World Bank warned that risks remained for Mozambique’s growth, especially from rising import prices due to the conflict in Ukraine, a possible surge in COVID infection waves, and insurgency in the north.

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Nigeria, Algeria, Niger to revive Saharan gas pipeline talks

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The governments of Nigeria, Algeria and Niger Republic have held talks to revive a gas pipeline project across the Sahara which had been put on hold for over 40 years, with the potential opportunity for Europe to diversify its gas sources as the world faces a short fall as a result of the Russian-Ukraine war.

The three countries, represented by their various Petroleum Ministers, met in Abuja, Nigeria’s capital on Wednesday and resolved to set up a task force to revive the project and designated an entity to update the feasibility study.

A statement by Niger’s Oil Ministry after the two-day meeting stated that the Trans-Saharan gas pipeline project estimated at $13 billion, could send up to 30 billion cubic metres a year of supplies to Europe.

The statement added that the energy ministers of the three countries will meet again in Algiers at the end of July to “validate the proposals of the newly installed task force.”

“The pipeline should allow Europe to diversify its sources of natural gas supply but also allow several African states to access this high value energy source,” the statement said.

“With a length of 4,128 kilometres (2,565 miles), the pipeline would start in Warri, Nigeria, and end in Hassi R’Mel, Algeria, where it would connect to existing pipelines that run to Europe,” it said.

The gas pipeline idea was first proposed more than 40 years ago with an agreement signed between the three countries in 2009, but progress stalled stalled following a lack of follow through by the countries.

Earlier this month, Nigeria also took steps to revive another gas pipeline project that would pass through West Africa, Morocco to Europe.

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