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. Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
SABC News Online » / 🏆 32. in ZA Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Saudi Arabia to sign deals worth over $500 mln with African nations -ministerThe 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.
Source: ReutersAfrica - 🏆 31. / 53 Read more »
South Sudan: Saudi Arabia Hosts Sudan Peace Talks, Falls Short of CeasefireConflicting groups in Sudan have not agreed upon an instant ceasefire, indicating that violence would likely continue despite efforts by mediators to call for a ceasefire and humanitarian corridors, the East African reports.
Source: allafrica - 🏆 1. / 99 Read more »
Saudi Arabia to host Arab, Islamic summits to discuss Gaza - SABC News - Breaking news, special reports,Saudi Arabia to host summits of Arab and Islamic nations in coming days to discuss Gaza.
Source: SABC News Online - 🏆 32. / 51 Read more »
Africa: CAF Considers Expanding CHAN to Continental PlayersThe Confederation of African Football is considering opening doors to African players in the continent to feature in the national teams in future African Nations Championship (CHAN) editions.
Source: allafrica - 🏆 1. / 99 Read more »
African Development Bank and Government Agree to Accelerate Implementation of 2021-2026 Country Strategy PaperPress Release - The Government of Togo and the African Development Bank have agreed to increase the pace of ongoing projects on the structural transformation and diversification of the country's economy, while strengthening the Bank's engagement in Togo.
Source: allafrica - 🏆 1. / 99 Read more »
Southern Africa: South African University Denies Conferring Namadingo, Pemphero Mphande With Honorary DegreesPopular musician Patience Namadingo and social media influencer Pemphero Mphande are facing embarrassment and ridicule on social media platforms following the University of South Africa (Unisa) statement which says the university did not confer the two with honorary degrees.
Source: allafrica - 🏆 1. / 99 Read more »