Fund del­e­ga­tion ex­am­ines projects in Tan­za­nia

Kuwait Times - - LOCAL -

A del­e­ga­tion of Kuwait Fund for Arab Eco­nomic De­vel­op­ment (KFAED) is cur­rently vis­it­ing Tan­za­nia ex­am­in­ing projects ex­e­cuted with its con­tri­bu­tions, in­clud­ing a main road link­ing the African state with neigh­bor­ing coun­tries.

The del­e­ga­tion has met with Tan­za­nian Fi­nance Min­is­ter Dr Philip Mpango in Dar es Salaam, the coun­try’s cap­i­tal, for as­sess­ing the ven­tures, namely ex­pan­sion of a ma­jor hos­pi­tal in the city of Zanz­ibar and build­ing a high­way in the west link­ing the coun­try with Bu­rundi, Kongo and Rwanda, ac­cord­ing to a state­ment sent to KUNA by the Kuwaiti em­bassy in Dar Es Salaam yes­ter­day. KFAED con­trib­utes to fi­nanc­ing these mega projects.

Mo­ham­mad Al-Omairi, the Kuwaiti charge d’af­faires, said the min­is­ter noted dur­ing the meet­ing KFAED’s role in bol­ster­ing the solid bi­lat­eral ties be­tween Kuwait and Tan­za­nia. He added that the Kuwaiti em­bassy, since its open­ing last year, has worked to boost the rap­proche­ment be­tween the two coun­tries.

KFAED’s suc­cess in fund­ing ven­tures that can­not be fi­nanced by larger funds af­firms that the State of Kuwait has rightly earned the UN ti­tle, the hu­man­i­tar­ian cen­ter, Omairi said. The del­e­ga­tion is vis­it­ing Tan­za­nia to work out a loan agree­ment for fund­ing the hos­pi­tal and road projects.

—KUNA

DODOMA: Tan­za­nian Fi­nance Min­is­ter Dr Philip Mpango meets with Kuwait fund for Arab Eco­nomic De­vel­op­ment del­e­ga­tion.

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