KFAED Signs KD 6 Million Loan Agreement With NigerSource: www.export-egypt.com 12/16/2015, Location: Middle East |
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Kuwait Fund for Arab Economic Development (KFAED) signed a KD six million loan agreement with Niger to fund a transportation project. A statement by KFAED said the loan will fund constructoin of a 92 kilometer-long road northeast of Niger, adding that the project will facilitate traveling and movement of goods in the country.
This is the 12th loan to Niger. KFAED had provided 11 loans to the African country -- worth KD 28.2 million (around USD 96 million). The fund also provided grants worth around KD one million and also technical assistance worth KD 85,000. The Kuwaiti Government, through KFAED, had provided KD 1.4 million to help a fund for decent living in Niger. |
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