The Saudi Fund for Development (SFD) has signed development loan agreements worth over $580 million with 12 African nations including Angola, Mozambique, Niger and Tanzania for the construction of new dams, hospitals, schools and universities.
Saudi Fund for Development provides over $580mln in development loans to African countries for key vital projects zawya.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from zawya.com Daily Mail and Mail on Sunday newspapers.
Saudi Fund for Development Provides Over $580 Million in Development Loans to African Countries for Key Vital Projects streetinsider.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from streetinsider.com Daily Mail and Mail on Sunday newspapers.
The Saudi Fund for Development (SFD) Chief Executive Officer Sultan Al-Marshad signed on Thursday 14 new development loan agreements with 12 African ministers, worth over $580 million to fund projects in healthcare, water, education, and transportation sectors. The 12 countries are Angola, Burkina Faso, Benin, Burundi, Cabo Verde, Guinea, Malawi, Mozambique, Niger, Rwanda, Sierra Leone, and Tanzania. The signing ceremony took place at the Saudi-Arab-African Economic Conference held in Riyadh.