Four African countries benefit from loans from BADEA for their infrastructures
20 June 2011
The Arab Bank for Economic Development in Africa has signed loan agreements to a total value of 34 million dollars with Burundi, Ethiopia, Zambia and Malawi to finance a number of infrastructure development projects.
This announcement was made at the annual meetings of the Board of Governors of the African Development Bank which took place on 9 and 10 June in Lisbon, reports a press release from the institution reported by the PANA press agency.
Ten million dollars are destined for Burundi to contribute to the funding of a project for a road to connect this country to Rwanda.
Ethiopia will also receive a loan of 10 million dollars to contribute to the financing of the "Gedo–Fincha–Lemlem Bereha" national road project.
The BADEA granted Malawi a loan of four million dollars destined for the financing of the Zomba–Jali–Chitakale road.
Lastly, Zambia will receive 10 million dollars as a contribution to the financing of a project to supply drinking water to six towns.