Financial and Banking News

AID FLOWS

Saudi Arabia Provides Assistance to Djibouti 

Saudi Arabia has agreed to provide assistance worth $28.9mn to Djibouti, according to two agreements signed earlier this month. $21.4mn will be provided to the country's electric authority to purchase and install three power generators with a total capacity of 15 megawatts, while the Saudi Fund for Development will provide $7.05mn to finance the expansion of Djibouti's international airport.