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African countries received USD one bln from Kuwait in 2013 African-Arab Summit
September 1, 2014, 8:31 am
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His Highness the Amir Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah

The Third African-Arab Summit, held in the State of Kuwait in November 2013, took humanitarian initiatives into a higher level when His Highness the Amir Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah announced lending USD one billion of soft loans over five years to African countries.

At the opening ceremony, His Highness the Amir also unveiled a USD one million annual prize, named after the late Kuwaiti philanthropist Dr. Abdulrahman Al-Sumait, for developmental research in Africa.

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