Tanzania, Swaziland get BADEA loans

Khartoum- Sudan (PANA) -- The Khartoum-based Arab Bank for Economic Development in Africa (BADEA) has granted loans for the financing of various projects in Tanzania and Swaziland, a release from the bank indicated Monday.
Under an agreement with Tanzania, BADEA has offered a loan of 5.
5 million US dollars for a potable water supply project in the town of Singida.
The loan is repayable in 30 years, including a grace period of 4 years, at an interest rate of 1 percent.
Under another agreement Swaziland obtained a loan of 11.
68 million dollars to finance a small farms project in the Usuthu River basin.
The loan is redeemable in 30 years, including a grace period of 5 years, at an interest rate of 2 percent.
According to the release, the two loan agreements were signed in Khartoum on Sunday.

10 february 2003 17:20:00




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