July 24, 2021

Lakefront Hartwell

Complete News World

The Moroccan group plans to invest $ 3.3 billion in Niger

Moroccan Group Ymmy Finance Holding The Moroccan Group and Downhall have announced that FCFA will invest $ 1,824 billion, or $ 3.3 billion, in ongoing industrial and infrastructure projects in Niamey, the capital of Niger. “Six projects will be carried out in 8 years, most of which will come under a joint-public-private (PPP) agreement at a cost of $ 3.3 billion,” said Ahmed Lodfi, chairman of the Moroccan group of city officials. Niamey’s central mayor Omarou Tokari said the “Memorandum of Understanding” signed between the two parties was the culmination of “two years of talks” with the Moroccan delegation. According to the MAP report, the projects include the construction of an agri-food complex (livestock, fodder cultivation, butchery, meat processing, dairy and poultry industry), a “new city” with nearly 40,000 community housing units, and a 1,000-hectare shopping center, according to the Niamey Townhall website. . Other projects include the creation of a “smart city” on the banks of the Niger River, the construction of an industrial zone (intended for export) and the installation of 20,000 solar street lights manufactured by Moroccan companies.

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