EIB Global, AfDB allocate $275m for Mauritania railway upgrade

The European Investment Bank (EIB Global) and the African Development Bank (AfDB) have announced a joint financing arrangement totalling $275m for the upgrade of Mauritania’s principal railway corridor. The agreement, signed at the Africa Investment Forum 2025, will support infrastructure improvements on the route between Zouerate, an iron ore mining area, and Nouadhibou, a port city on the Atlantic coast. The financial package includes a $150m loan from the AfDB and $125m from EIB Global, with the latte ...