Arab loans for three African countries

The board of directors of Arab Economic Development Bank in Africa agreed in its meeting currently being held in Cairo to present loans valued at $25 million to Burkina Faso, Zimbabwe and Equatorial Guinea.

The loans will be specified for financing the project of a road linking Burkina Faso with Benin at a cost of $10 million, and to support the financial corporation for financing agricultural projects in Zimbabwe valued at $5 million, while the projects of Equatorial Guinea will be funded by loans of $10 million.

Meanwhile, the bank's board of directors agreed to send a technical commission to Senegal to following up on seven projects financed by the bank in Dakar.