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FINANCIAL NEWS
Kuwait offers aid to Rwanda without hesitation
28 Jul 2016
(MENAFN) A loan contract has been inked between the Republic of Rwanda and the Kuwait Fund for Arab Economic Development (KFAED), according to the released reports.
The loan stands at USD15.3 million, and will be for the purpose of financing the Nyagatare-Rukomo Road Project in Rwanda, thus supporting its economic and social development.
The construction process will include working to attain an all-weather asphalted road between Nyagatare and Rukomo with an approximate length of 7km, and a width of 7 meters.
Moreover, the loan represents the 10th agreement by the KFAED, as the Fund already made nine loans to the Republic of Rwanda with an overall USD82.6 million for financing transport projects.
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