India

ESWATINI RECEIVES USD 108.28 MILLION LINE OF CREDIT FOR NEW PARLIAMENT BUILDING

Posted on by Gambeta News
ESWATINI RECEIVES USD 108.28 MILLION LINE OF CREDIT FOR NEW PARLIAMENT BUILDING

Export-Import Bank of India [Exim Bank] has, on behalf of the Government of India, extended Line of Credit [LOC] of USD 108.28 million to the Government of the Kingdom of Eswatini (Swaziland) for construction of a new Parliament building in Eswatini. The LOC Agreement to this effect was signed through exchange between Mr. Nirmit Ved, General Manager, Exim Bank, and H.E. Mr. Neal H Rijkenberg, Hon’ble Finance Minister, Government of the Kingdom of Eswatini (Swaziland). With the signing of…

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UGANDA RECEIVES US$ 14m TO EXPAND ITS POWER SECTOR.

Posted on by Gambeta News
UGANDA RECEIVES US$ 14m TO EXPAND ITS POWER SECTOR.

Uganda will expand its power sector with the US$ 14m loan from India. The loan would be extended to Kampala to build electricity transmission lines and substations. The sector’s financing gap is currently  more than US$ 500m on the downside. The gap is due to faulty sections of the country’s power supply network. The country is open to any investment in the power sector. Hence the need for funds to repair old facilities  and construction…

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KENYA PARTNERS WITH INDIA TO BUILD A MULTI-MILLION CANCER HOSPITAL AND ONCOLOGY SCHOOL.

Posted on by Gambeta News
KENYA PARTNERS WITH INDIA TO BUILD A MULTI-MILLION CANCER HOSPITAL AND ONCOLOGY SCHOOL.

Kenya to construct a cancer hospital and oncology school. A multi-million dollars cancer hospital and oncology school is set to be constructed in Kenya after an agreement between Kenya and India is fully implemented. This initiative will eventually reduce cases of ailing Kenyans traveling to India for treatment. Following the agreement between India and Kenya a multi-million dollars cancer hospital and oncology school is to be constructed to reduce the cases of sick Kenyans traveling…

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JAPAN FUNDS INDIA’S FIRST BULLET TRAIN

Posted on by Gambeta News
JAPAN FUNDS INDIA’S FIRST BULLET TRAIN

Construction work on India’s first bullet train was recently launched by India’s prime minister Narendra Modi, also in attendance during the ceremony was his Japanese counterpart Shinzo Abe. The line which will run between Ahmedabad and Mumbai, will cost about 1.08-trillion-rupee (US$17 billion) and Japan has agreed to fund 81% of the project, through a 50-year loan at 0.1% annual interest. The train which will cover 508km stretch will run at a top speed of 350km/h reducing the current journey time from…

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