RIYADH (Reuters): The Saudi Fund for Development will sign agreements worth 2 billion riyals ($533 million) with African countries, Saudi Finance Minister Mohammed Al-Jadaan said on Thursday during the Saudi-Arab-African Economic Conference in Riyadh.
“We are working with partners to support Ghana and other countries regarding their debt,” Jadaan added.
Saudi Investment Minister Khalid Al-Falih later said at the same conference the kingdom’s more than $700 billion wealth fund, the Public Investment Fund, will make some “game changing” investments in Africa.
Saudi Energy Minister Prince Abdulaziz bin Salman, also at the conference, signed preliminary agreements with African countries including Nigeria, Senegal, Chad and Ethiopia on energy-related cooperation.
Mozambique’s finance ministry issued a statement later in the day saying it had signed a financing agreement of $158 million with the Saudi Development Fund for infrastructure projects including the construction of hospitals and a dam.
F.P. Report RAWALPINDI: General Angus J. Campbell, Chief of Defence Forces Australia, paid a visit…
(Reuters): Following are reactions from foreign governments and officials to the news that a helicopter…
ATLANTA (Reuters): U.S. President Joe Biden delivered the commencement address at Morehouse College on Sunday,…
Yossi Mekelberg Israeli Prime Minister Benjamin Netanyahu avoids giving interviews to domestic media outlets, as…
Sir Alan Duncan More than 13 years since the onset of civil war, the suffering…
Hafed Al-Ghwell Once hailed as the Arab Spring’s lone democratic success story, Tunisia is now…
This website uses cookies.