Kuwait Fund finances basic education project in Nigeria
KUWAIT: The Kuwait Fund for Arab Economic Development (KFAED) has signed a loan agreement with the Federal Republic of Nigeria to help finance a project aimed at supporting education for out-of-school children in Kaduna State, the fund announced Tuesday. The agreement was signed by Acting Director General of the Kuwait Fund Waleed Al-Bahar and Nigeria's Minister of State for Finance Dr Doris Uzoka-Anite.
In a post on its official account on platform X, the fund said the project seeks to improve education infrastructure by building and rehabilitating schools, expanding access to basic education—particularly for children in need such as girls, adolescents, and those with disabilities—enhancing teacher performance, and strengthening school management systems.—KUNA
On the sidelines of the agreement, Al-Bahar also met with Nigeria's Minister of Housing and Rural Development Ahmed Dangiwa, Executive Secretary for the National Commission for Almajiri and Out-of-School Children's Education Dr Mohammed Idris, and Borno State Governor Professor Babagana Zulum. The Kuwait Fund, established in 1961 with an initial capital of 50 million Kuwaiti dinars (approximately $163.6 million), was created to assist Arab countries. In 1974, it expanded its reach to include African nations as well. — KUNA
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Kuwait Times
5 hours ago
- Kuwait Times
Kuwait Fund finances basic education project in Nigeria
KFAED's Waleed Al-Bahar and Nigerian Minister Dr Doris Uzoka-Anite. KUWAIT: The Kuwait Fund for Arab Economic Development (KFAED) has signed a loan agreement with the Federal Republic of Nigeria to help finance a project aimed at supporting education for out-of-school children in Kaduna State, the fund announced Tuesday. The agreement was signed by Acting Director General of the Kuwait Fund Waleed Al-Bahar and Nigeria's Minister of State for Finance Dr Doris Uzoka-Anite. In a post on its official account on platform X, the fund said the project seeks to improve education infrastructure by building and rehabilitating schools, expanding access to basic education—particularly for children in need such as girls, adolescents, and those with disabilities—enhancing teacher performance, and strengthening school management systems.—KUNA On the sidelines of the agreement, Al-Bahar also met with Nigeria's Minister of Housing and Rural Development Ahmed Dangiwa, Executive Secretary for the National Commission for Almajiri and Out-of-School Children's Education Dr Mohammed Idris, and Borno State Governor Professor Babagana Zulum. The Kuwait Fund, established in 1961 with an initial capital of 50 million Kuwaiti dinars (approximately $163.6 million), was created to assist Arab countries. In 1974, it expanded its reach to include African nations as well. — KUNA
Arab Times
7 hours ago
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Kuwait, Netherlands back dialogue for international stability
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He pointed out the emergence of new areas of bilateral cooperation, particularly in the energy transition sector. 'We launched an important initiative on transitioning from oil dependency to alternative energy sources, such as solar and hydrogen. This is in collaboration with Kuwait University, Kuwait Foundation for the Advancement of Sciences (KFAS), and Kuwait Institute for Scientific Research (KISR), along with Dutch experts,' he disclosed. He also expounded on the shared geopolitical realities of the two nations. 'Both the Netherlands and Kuwait are relatively small countries surrounded by larger neighbors — by Britain, Germany, and France; you by Iraq, Saudi Arabia and Iran. This compels us to rely on dialogue, diplomacy and mutual understanding to ensure stability and cooperation,' he stated. He confirmed that trade relations between the two countries have remained robust. He said 'in 2024, Dutch exports to Kuwait reached approximately €845 million, while imports – primarily crude oil – totaled around €1.6 billion through the Port of Rotterdam. This brings the overall volume of bilateral trade to roughly €2.4 billion. The Netherlands also holds a leading position among European countries in terms of direct investments in Kuwait. Dutch investments amount to KD488 million; mostly channeled through companies and investment funds in various sectors like oil, airport infrastructure, information technology, energy, and agriculture.' He praised the growing appreciation among Kuwaitis for the Netherlands as a travel destination. 'Around 14,000 Kuwaiti tourists visit the Netherlands annually. This year, the number reached 7,000 by mid-year alone. Despite our not-so-ideal weather, Kuwaitis seem to enjoy the cold and rain,' he said. He also highlighted the appeal of the Netherlands' compact size, cultural offerings, and ease of travel. 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'I will miss Kuwait deeply. This experience has enriched my life, and I hope I have contributed to strengthening the ties between our two countries. The Diwaniya is a wonderful idea—welcoming people spontaneously and without formality. My wife and I are even considering starting a similar tradition in our hometown in eastern Holland: opening our home at specific times to friends and neighbors, with coffee and food, just like in Kuwait.'
Arab Times
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CINET Showcases Its Credit Analytics Experience at the 19th Meeting of the Arab Committee on Credit Information
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