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08:11 GMT
Part of the sign loan agreement with the Republic of Togo to finance development projects in the West African country
MALABO, Nov 23 (KUNA) -- The Kuwait Fund for Arab Economic Development (KFAED) has signed a USD 13.6 million loan agreement with the Republic of Togo to finance development projects in the West African country.
According to a statement by KFAED, the loan also aims at supporting social and economic development in Togo.
The loan is part of His Highness the Amir of Kuwait Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah's USD one billion-fund initiative for African countries.
Kuwait Fund for Arab Economic Development (KFAED) handles the distribution of the fund launched in 2013. (end)
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