Tanzania and Kuwait will sign loan agreement worth KD 5.4m

July 10, 2018

Foreign Minister of Tanzania Augustine Mahiga will visit Kuwait soon to sign a loan agreement worth KD 5.4 million (around $18 million), for an irrigation project in Mkuranga district. Kuwait Fund for Arab Economic Development (KFAED) will offer the loan to Tanzania.

In a statement to KUNA Monday during a diplomatic function, Kuwaiti Ambassador to Tanzania Jassem Al- Najem said that Minister Mahiga addressed the projects implemented by the embassy in the humanitarian field, commending Kuwait’s for its numerous contributions. He referred to a disability program funded by the Kuwaiti government late last year that greatly achieved success in focusing on needs of this group in communities in both Tanzanian mainland and islands of Zanzibar.

During the state budget presentation in the parliament last month, Minister Mahiga discussed the projects by the Kuwait Fund for Arab Economic Development (KFAED) in Tanzania, which amounted to about $65 million in 2017.