Kuwait approves $2bn loans to Africa

Kuwait has approved $2 billion as grants and concessionary loans to African countries, the Ambassador of the State of Kuwait…

Kuwait has approved $2 billion as grants and concessionary loans to African countries, the Ambassador of the State of Kuwait to Nigeria, Mr. Abdulaziz Albisher, has said.Albisher said in Abuja that the money was for investment and development and would be spread over five years.

He said that Kuwait had initiated another Annual Prize of $1 million for researches and research projects on agriculture, health and Ebola eradication.

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