The Ivorian Foreign Ministry confirmed the loan.
China has granted a $24 million (N3.8 billion) loan to Cote d’Ivoire to enable the West African country to finance projects in sports and health sectors.
This is contained in a statement by the Ivorian Ministry of Foreign Affairs, and made available to the News Agency of Nigeria in Abidjan on Saturday.
The statement said the loan agreement was signed at a high-level Joint Commission for Economic and Technical Cooperation meeting of both countries in Abidjan on Friday.
The Ivorian Foreign Affairs Minister, Charles Diby, and the Chinese Deputy Commerce Minister, Li Jinzao, signed for their respective countries.
The statement quoted Diby as saying that the loan was granted after an evaluation of all projects within the framework of corporation between the two countries.
“China has agreed to offer an economic assistance, we have agreed on some cooperation projects such as the construction of a stadium and some projects in the health sector.
“The loan is interest-free and will be of great benefit in the realisation of the projects under its coverage,’’ he said.
The statement also quoted Jinzao to have pledged the readiness of China to invest in the country.
“We will encourage Chinese enterprises in Cote d’Ivoire to create jobs for Ivorians, we will also encourage more Chinese investments in the country,’’ he said.
Jinzao said he was optimistic that the economic cooperation would play positive role in the economic lives of both countries.
“We are confident in the economic recovery and development of Côte d’Ivoire after the crisis,” he said.
Support PREMIUM TIMES' journalism of integrity and credibility
Good journalism costs a lot of money. Yet only good journalism can ensure the possibility of a good society, an accountable democracy, and a transparent government.
For continued free access to the best investigative journalism in the country we ask you to consider making a modest support to this noble endeavour.
By contributing to PREMIUM TIMES, you are helping to sustain a journalism of relevance and ensuring it remains free and available to all.
TEXT AD: To advertise here . Call Willie +2347088095401...