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World Bank to fund $900 million development projects in east Congo

·1 min read
FILE PHOTO: A participant stands near a logo of World Bank at the International Monetary Fund - World Bank Annual Meeting 2018 in Nusa Dua

KINSHASA (Reuters) -The World Bank and Congo have signed two funding conventions of$900 million to boost female entrepreneurship and access to water and electricity in the east and west of the country, the Bank said in a statement.

The projects will focus on Congo's centralwest Kasai province and eastern regions.

"These operations supplement a portfolio of operations focused on reinforcing human capital and protecting the poorest households - including women - against socio-economic hazards," World Bank Congo Director said in a statement dated Tuesday but seen by Reuters on Wednesday.

The deal was clinched at the end of a two-day visit to Congo by the World Bank's strategy and operations director for East and Central Africa, Humberto Lopez.

(Reporting by Fiston MahambaWriting by Sofia ChristensenEditing by James Macharia Chege)