$1 billion from Islamic Development Bank for projects in African countries

The Islamic Development Bank agreed to present $1.3 billion to five African countries: Egypt, Sudan, Uganda, the Comoros Islands and Djibouti. A statement issued by the bank today said these sums will be specified for developing the basic infrastructure in these countries and bilateral trade inside Africa, referring to the importance of removing all commercial barriers and restrictions in Africa and achieving economic integrity like the joint European market.