EIB to provide Mauritania with USD19.2m loan to boost connectivity

30 Oct 2013

The government of Mauritania and the European Investment Bank (EIB) this week signed a funding agreement concerning a loan of USD19.2 million to support the country’s quest to improve its telecoms connectivity. Agence Ecofin writes that the monies will be used to help fund the WARCIP-Mauritania connectivity project, the primary objectives of which are to develop national connectivity, extend the geographical reach of broadband networks in the country and reduce the cost of communications services. Specifically, the WARCIP-Mauritania project intends to deploy nearly 1,500km of fibre-optic cables on the Mauritanian territory to connect regional cities to the World Wide Web. The EIB has already provided some of the funding, USD8 million, to connect the country to the African Coast to Europe (ACE) submarine cable.