Kuwait Funds Construction of Key Road in Tanzania

Kuwait Fund
Kuwaiti Ambassador to Tanzania with Tanzania President and the Representative of Kuwait Fund.
10 August 2015
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Kuwait Fund For Arab Economic Development (Kuwait City)
press release

Tanzanian President Jakaya Mrisho Kikwete has expressed gratitude to Kuwait for its support and expressed hope such backing of its nation would continue.

The president, speaking at a ceremony marking opening of a main road in Tanzania, expressed gratitude to his Highness the Amir Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah for Kuwait’s contributions to constructing the key road.

Tanzanian Minister of Transport John Magufuli also thanked Kuwait, hoping to maintain the cooperation with the Gulf country, namely Kuwait Fund for Arab Economic Development (KFAED) which had lent the nation USD 47.7 million for the mega project.

KFAED’s regional director for central and southern African states, Abdul Rahman Al-Hashel was present at the ceremony, said the Kuweiti ambassador Jassem Al-Najem, in a statement to KUNA.

KFAED gave the loan to Tanzania in 1975. The fund’s ventures in African countries have reached 12, worth USD 205 billion, in addition to some technical aid.

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