Bloomberg News

Togo Gets $10 Million Loan for Transport Project From Arab Bank

April 01, 2012

Togo signed a $10 million loan with the Arab Bank for Economic Development in Africa for a transportation project.

The loan will be reimbursed over a period of 30 years, and includes a grace period of 10 years and an annual interest rate of 10 percent, the bank said in a statement today.

The bank said its total loans to Togo reached $55.3 million at the end of March.

To contact the reporter on this story: Salma El Wardany in Khartoum at selwardany@bloomberg.net

To contact the editor responsible for this story: Antony Sguazzin at asguazzin@bloomberg.net


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