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 email@example.com
To contact the editor responsible for this story: Antony Sguazzin at firstname.lastname@example.org