Arab Aid Agency Offers Loan to 3 African Countries

The Arab Bank for Economic Development in Africa is lending USD24.5 million to three nations in the region. The bank promised USD8 million to Senegal and USD7.5 million to Gambia to finance the countries’ road projects. It will also provide USD9 million to back a water basin rehabilitation program in Cape Verde. (“BADEA extends loans worth USD24.5m to 3 African nations” - Panapress, July 17, 2008)

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