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Kuwait - KFAED Signs KD 3 million Loan Agreement With Mozambique  Join our daily free Newsletter

MENAFN - Qatar News Agency - 26/12/2013

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(MENAFN - Qatar News Agency) The Kuwait Fund for Economic Development (KFAED) on Tuesday signed a KD 3 million-loan agreement with Mozambican government to finance an electricity project in the northern Niassa Province. In a press statement, the KFAED said that the agreement was signed in Maputo by Mozambican Finance Minister Manuel Chang and KFAED Deputy Director General Hamad Al-Omar. The project aims to meet the electricity needs and improve economic situation in the rural areas of the Niassa Province till 2037. It will cover 32,000 households, the statement added, Kuwait news agency KUNA reported.

 






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