Financial and Banking News

AID FLOWS

KFAED Lends $5mn for Seychelles Fisheries Project 

The Kuwait Fund for Arab Economic Development (KFAED) has agreed to lend the Seychelles KDl.6mn ($5.3mn) to finance a fisheries development project. The loan is for 20 years, including a four-year grace period, and carries a 5D annual interest rate.