Kuwait lends Chad KD 3 mln

KUWAIT, Kuwait Fund for Arab Economic Development (KFAED) signed Wednesday a loan agreement worth KD three million (USD 9.8 million) with Chad, KUNA reported today.

The loan aims to contribute to funding a road project that connects six African countries, KFAED said in a statement.

This project helps achieve regional economic development among Chad, Niger, Nigeria, Mali, Algeria and Tunisia, it added.

The accord was signed by KFAED Deputy General Manager Marwan Al-Ghanim and Chad’s Minister of Economic Planning and Development Issa Doubragne.

Source: Emirates News Agency