Rwanda, Mozambique, Sao Tome get BADEA loans

Khartoum- Sudan (PANA) -- Khartoum-based Arab Bank for Economic Development in Africa (BADEA) has granted loans totalling 13 million US dollars to Rwanda, Mozambique and Sao Tome, for development projects.
Under agreements signed Thursday, Rwanda would receive 7.
5 million dollars for the Kicukiro-Nyamata-Nemba road project, that seeks to expand the country's transport network by linking the three Districts with Kigali, the nation's capital.
Mozambique would get four million dollars for the extension of the Faculty of Medicine and construction of administration offices at the d'Edwardo Mondlane University.
BADEA is also granting Sao Tome and Principe a loan of 1.
5 million dollars to assist in the rehabilitation of the country's main water pipeline.
The three loans are repayable in 25 years on one-percent interest rate and a six-year grace period.

14 november 2002 15:27:00




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