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Ivory Coast Government Issues Bond To Fund Akouédo Landfill Upgrade Project
- 05 Aug 2021
- Cote d`Ivoire
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).
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