VOL. XLVII

No 04

26-January-2004

ENERGY FINANCE

AFESD Lends Sudan $132Mn For Power And Road Projects

The Kuwait-based Arab Fund for Economic and Social Development (AFESD) on 21 January agreed loans to Sudan worth a total of KD39mn ($132mn) to help finance power and road projects in the country. The first loan worth KD30mn ($101.5mn) carries an interest rate of 3% with 25 year maturity and a seven-year grace period. It will be used to help meet increasing electricity demand in the country by...