• Short Summary

    The World Bank has lent 60 million dollars (GBP35 million sterling) to the Cement Societies of West Africa--CIMAO--to cover part of the cost of a proposed new cement factory in south west Togo.

  • Description

    The World Bank has lent 60 million dollars (GBP35 million sterling) to the Cement Societies of West Africa--CIMAO--to cover part of the cost of a proposed new cement factory in south west Togo.

    SYNOPSIS: The Vice President of the World Bank, M. Roger Chaufournier, signed the loan agreement in Lome, Togo, last week, with CIMAO representatives including Mr. paul Gui Dibo, the Ivory Coat Minister of Mines, and Togo's Minister of Public Works, M. Ayite Mivendor.

    Lt. Col. B.K. Ahlijah of Ghana -- the third member-nation of CIMAO -- also signed the convention, which releases the first 49.5 million dollars (GBP26 million sterling) of the loan. The remainder of the money from the World Bank will follow later. Other participants in the total cost of the cement factory, about 280 million dollars (GBP160 million sterling), include the African Development Bank, Canada's Agency for International Development, the European Development Fund, and the Arab Bank for Economic Development in African. During his visit, M. Chaufournieer also discussed regional col-operation in West Africa with Togolese President Gnassingbe Eyadema.

  • Tags

  • Data

    Film ID:
    VLVAE5GT2L7LCHXF329AY8R2XKYMQ
    Media URN:
    VLVAE5GT2L7LCHXF329AY8R2XKYMQ
    Group:
    Reuters - Including Visnews
    Archive:
    Reuters
    Issue Date:
    05/07/1976
    Sound:
    Unknown
    HD Format:
    Available on request
    Stock:
    Colour
    Duration:
    00:00:46:00
    Time in/Out:
    /
    Canister:
    N/A

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