Saturday, September 18, 2021

Ivory Coast Government Issues Bond To Fund Akouédo Landfill Upgrade Project

THIS COMMENTARY IS PUBLISHED BY FITCH SOLUTIONS COUNTRY RISK & INDUSTRY RESEARCH and is NOT a comment on Fitch Ratings’ Credit Ratings. Any comments or data are solely derived from Fitch Solutions Country Risk & Industry Research and independent sources. Fitch Ratings analysts do not share data or information with Fitch Solutions Country Risk & Industry Research.

Ivory Coast Government Issues Bond To Fund Akouédo Landfill Upgrade Project

  • 05 Aug 2021
  • Cote d`Ivoire
  • Infrastructure

News: The Ivorian government has issued bonds of CFA50bn (USD90.22mn) for investors to buy to finance the rehabilitation of the Akouédo landfill site. The nearly CFA121.49bn (USD219.38mn) project, located 12km from Abidjan, involves the redevelopment of the waste dumping site into a new landfill and recycling centre by PFO Africa. Necessary development and construction will be made at the site to make it more environmentally friendly and produce biogas and electricity from the waste. The project will also feature a training and documentation centre for environmental professions, becoming an urban park of about 1sq km. Bond subscriptions are open for investors until August 12 2021 with government repaying the loan in seven years at an interest rate of 5.80% (Afrik21).

This report from Fitch Solutions Country Risk & Industry Research is a product of Fitch Solutions Group Ltd, UK Company registration number 08789939 (‘FSG’). FSG is an affiliate of Fitch Ratings Inc. (‘Fitch Ratings’). FSG is solely responsible for the content of this report, without any input from Fitch Ratings.

Related Posts

Comments

Stay Connected

22,044FansLike
0FollowersFollow
0SubscribersSubscribe

Recent Stories