Financial and Banking News
Sudan Receives Aid from KFAED, Japan and the UK
The Kuwait Fund for Arab Economic Development (KFAED) has agreed to lendSudan KD5.25mn ($19mn) for the implementation of the Fashir water project inWestern Sudan. The loan is repayable in 25 years, including a grace period offive years, and carries an annual interest rate of 1.5%. Furthermore, theJapanese Foreign Ministry announced on 10 March that it had granted Sudan $20mnas part of...