Financial And Banking News

AID FLOWS

SFD Lends $11mn to Niger and Senegal 

The Saudi Fund for Development (SFD) has signed two loan agreements worth SR40mn ($11.1mn) with Niger and Senegal, according to a press release issued on 4 May. Niger will receive SR30mn ($8.3mn) at 2% interest, repayable over 20 years with five years grace, to help finance the building of a faculty of education at the University of Niamey. Senegal will receive SR10mn ($2.8mn) at 3% interest, repayable over 20...