The ECOWAS Commission, in collaboration with the African Development Bank, will be implementing a US$15 million bridge project to connect Liberia and Côte d'Ivoire. The project aims to promote cross-border trade and ease difficulties in movement along the West African region. The commissioning ceremony took place at the Plulo Border and brought together representatives from both governments and regional stakeholders. The African Development Bank will also finance a US$258 million bridge over the Cavalla River, signaling a commitment to solidifying regional trade and integration.
Liberia and Côte d'Ivoire to Connect with New Bridge Project
In a significant step towards regional integration and economic development, the ECOWAS Commission and the African Development Bank have announced the implementation of a US$15 million bridge project to connect Liberia and Côte d'Ivoire. The project aims to enhance cross-border trade and facilitate movement within the West African region.
Background
Liberia and Côte d'Ivoire are neighboring countries in West Africa, sharing a border of over 700 kilometers. However, the lack of adequate infrastructure has hindered cross-border trade and movement between the two countries. The existing border crossing at Plulo is a major obstacle, with vehicles often waiting for days to cross due to congestion and poor road conditions.
Project Details
The new bridge project will construct a 250-meter bridge over the Cavalla River, providing a reliable and efficient connection between Liberia and Côte d'Ivoire. The project also includes the construction of approach roads and customs facilities on both sides of the border.
The African Development Bank will provide US$15 million for the bridge project, while the remaining funding will come from other sources. The project is expected to be completed within three years.
Benefits
The new bridge project is expected to bring significant benefits to both Liberia and Côte d'Ivoire, including:
Additional Financing
In addition to the US$15 million bridge project, the African Development Bank has also committed to financing a US$258 million bridge over the Cavalla River. This bridge will further solidify regional trade and integration.
Top 5 FAQs
1. When will the bridge be completed? The bridge is expected to be completed within three years.
2. How much will the bridge cost? The bridge project will cost US$15 million.
3. Who is funding the bridge project? The African Development Bank is providing US$15 million for the bridge project, while the remaining funding will come from other sources.
4. What are the benefits of the bridge? The new bridge will increase cross-border trade, reduce transportation costs, improve movement of people and goods, and enhance regional integration and cooperation.
5. What other projects are planned to improve cross-border connectivity in the region? The African Development Bank has committed to financing a US$258 million bridge over the Cavalla River, further solidifying regional trade and integration.
As the modern work culture takes a toll on employees' mental and emotional health, Gen Z professionals are leading the charge for a new approach to work-life balance. Dubbed "micro-retiring," this trend involves taking short, independent breaks to rest, recharge, and refocus, rather than resigning or taking a sabbatical mid-career. While this trend empowers individuals to prioritize their well-being, experts highlight the importance of careful planning to ensure financial stability and avoid burnout. With mental health now in the spotlight, micro-retiring is becoming a legitimate and popular choice for young professionals seeking a more fulfilling and balanced life.
The Indian stock market started the day on a negative note, with the Sensex and Nifty both opening in the red. This was due to weak global cues, with the BSE Sensex shedding 160.86 points and the Nifty falling 75.9 points in early trading. However, some stocks showed positive performance, with Eternal leading the pack. Meanwhile, Nifty 50's early indicator Gift Nifty indicated a positive start for the day. The previous day, Foreign Institutional Investors were net sellers while Domestic Institutional Investors bought equities.
The Telangana Southern Power Distribution Company Limited (TGSPDCL) has introduced "Currentolla Praja Baata" in Nalgonda, Medak, Mahabubnagar, Ranga Reddy, and Hyderabad, aimed at enhancing power distribution in the region. Led by CMD Musharraf Faruqui, the initiative will involve over 9,500 employees who will personally visit different areas to interact with consumers and address complaints. This program hopes to minimize power losses, strengthen the network, and improve the quality and reliability of power supply in Telangana.
A new Randstad India report reveals insights about India's youngest workforce cohort and their expectations for their careers. Gen Z prioritizes financial security, flexibility, and a sense of purpose in their job, requiring employers to go beyond just providing a decent salary. With a preference for a combination of a full-time job and a side hustle, Gen Z's mobility is driven by the pursuit of growth, making it crucial for employers to invest in continuous learning and foster inclusive cultures to retain this transformative generation.
According to Randstad India's latest report, young professionals in India are redefining workplace norms by prioritizing factors like pay, flexibility, and personal values. The report also reveals that Gen Z values continuous learning through AI tools and is more concerned about the impact of AI on job security. This calls for businesses to adapt to changing preferences and attract the next generation of talent by offering a mix of technical excellence and personal autonomy. The findings also emphasize the need for inclusive cultures and flexible policies in order to build resilient, future-ready businesses.
With the Gen-Z workforce making up about 27% of India's population, companies are struggling to retain this energetic cohort. A recent report by Randstad highlights the need for a change in mindset from employers towards the Gen-Zs. While they have long-term aspirations, they are also quick to move on to new opportunities if they feel undervalued or underpaid. This poses a challenge for employers who must find ways to keep this ambitious and driven generation engaged and progressing within their organizations.
Union Home Minister and Minister of Cooperation, Amit Shah, congratulated Amul and Indian Farmers Fertiliser Cooperative Limited (IFFCO) for securing the first and second ranks in the global ranking for cooperatives. This achievement is a testament to the boundless potential of cooperatives, which are being transformed into a global model of empowerment and self-reliance by Prime Minister Narendra Modi. The dairy sector, which is the backbone of rural livelihoods in India, has combined farmer-led cooperatives, women's participation and scientific practices to achieve remarkable progress. Additionally, the National Co-operative Exports Limited, set up by the government, has achieved a significant milestone in exporting agricultural commodities.
After purchasing his retirement property in Swansea, David Barlow has been forced to live in a motorhome on his driveway due to persistent damp and mould issues. Despite complaints to his property managers, the issue has not been resolved and Barlow fears for his belongings. The problem is believed to have been caused by faulty insulation installed by British Gas, but the company denies responsibility. This situation has put a hold on Barlow's retirement plans and has left him feeling frustrated and stuck.
US-based private equity firm Tillman Global Holdings (TGH) is reportedly in advanced discussions to invest up to $6 billion in Vodafone Idea Ltd, which could lead to a change in operational control. However, the investment is contingent on the Indian government providing comprehensive relief covering AGR and spectrum payment dues. If the deal goes through, it could dilute existing promoter holdings, including those held by Aditya Birla Group and Vodafone Plc. While the news has boosted investor sentiment, analysts caution that government approval and debt restructuring clarity are key to the execution of the deal.
The Indian real estate market is undergoing a major shift with rising home prices, as apartments priced between Rs 2 crore and Rs 5 crore now dominate sales. This change has been highlighted by a Redditor who expressed concerns over the dwindling chances of middle-class buyers to afford a house. According to a Moneycontrol report, the trend is a result of big developers focusing more on luxury projects, leaving affordable housing in the backseat. As a result, home ownership for the middle-class seems like a distant dream, with even government employees struggling to afford these expensive properties.