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Kuwait signs grant agreement of USD 2 million for Djibouti

Posted: Wed Aug 24, 2011 6:47 pm
by Coeus
Djibouti Seeking Food Security & self sufficiency

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KUWAIT, Aug 24 (KUNA) -- Within the framework of the initiative of His Highness the Amir of Kuwait Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah during the 1st International Islamic Economic Conference held in Kuwait between April 29 to May 1, the Kuwaiti fund KFAED is to grant Djibouti two million dollars.
The Grant Agreement was signed Wednesday in Djibouti between the Republic of Djibouti and Kuwait Fund for Arab Economic Development (KFAED), in its capacity as Administrator of Kuwait Goodwill Fund for the promotion of Food Security in Islamic countries, whereby the Fund shall extend a Grant of USD 2 million from the resources of Kuwait Goodwill Fund to Djibouti to contribute in the financing of small and micro projects in the agricultural sector in the Republic of Djibouti through Djibouti Agency of Social Development.
The Grant Agreement was signed on behalf of Djibouti by Ilyas Moussa Dawaleh, Minister of Economy and Finance, in charge of Industry and Planning and on behalf of the Djibouti Social Development Agency by Zahra Youssouf Kayad the Minister of National Solidarity, and on behalf of KFAED, Hesham Al-Waqayan, Deputy Director-General.

The Grant Agreement aims at contributing sufficient food security and increasing food production in Djibouti through extending loans for financing small and micro projects in food production field and supplying the required services.
Upon signing this Agreement, the Kuwaiti Government would have provided 3 Grants to Djibouti totaling about KD 3.1 million equivalent to about USD 11 million, all administered by KFAED, whereas the Kuwait Fund already extended to Djibouti before 12 loans with a total amount of KD 40 million (i.e. USD 137 million) to finance projects in various sectors.
The Fund had also extended to Djibouti one Technical Assistance Grants with a total amount of KD 87,000 (i.e. USD 316,000).(end) fnk.mao KUNA 241531 Aug 11NNNN

Re: Kuwait signs grant agreement of USD 2 million for Djibou

Posted: Wed Aug 24, 2011 6:52 pm
by Coeus
:up: :dj:

Djibouti should achieve this while it still has a small population.

Re: Kuwait signs grant agreement of USD 2 million for Djibou

Posted: Wed Aug 24, 2011 6:53 pm
by djibsomali
it does not mean anyting..
That will go toward the president shopping in paris and newyork..

But for you none djiboutien it looks like a progress and a good president (keep on that in your little minds)

Re: Kuwait signs grant agreement of USD 2 million for Djibou

Posted: Wed Aug 24, 2011 6:54 pm
by Coeus
djibsomali wrote:it does not mean anyting..
That will go toward the president shopping in paris and newyork..

But for you none djiboutien it looks like a progress and a good president (keep on that in your little minds)
As a djiboutian, who do you want to be ruling your country?

Re: Kuwait signs grant agreement of USD 2 million for Djibou

Posted: Wed Aug 24, 2011 6:56 pm
by djibsomali
a democratic elected president

Re: Kuwait signs grant agreement of USD 2 million for Djibou

Posted: Wed Aug 24, 2011 6:57 pm
by Coeus
Very true. That fat man has been on the chair for too long.

Re: Kuwait signs grant agreement of USD 2 million for Djibou

Posted: Wed Aug 24, 2011 7:00 pm
by djibsomali
that fat man is an annoying president!
he heard the turkish president is going to mogadisho.
isnaa wuxuu iss yirii iyaan lagaga horayn (what a small minded man )

Re: Kuwait signs grant agreement of USD 2 million for Djibou

Posted: Wed Aug 24, 2011 7:02 pm
by Coeus
djibsomali wrote:that fat man is an annoying president!
he heard the turkish president is going to mogadisho.
isnaa wuxuu iss yirii iyaan lagaga horayn (what a small minded man )
Do you think that if the agriculture land in Djibouti is well taken care of, it can feed atleast half of Djibouti?

Re: Kuwait signs grant agreement of USD 2 million for Djibou

Posted: Wed Aug 24, 2011 7:05 pm
by djibsomali
coeus that show you know nothing about djibouti.

for your information: there are no agricultural land in djibouti.

Re: Kuwait signs grant agreement of USD 2 million for Djibou

Posted: Wed Aug 24, 2011 7:11 pm
by Coeus
djibsomali wrote:coeus that show you know nothing about djibouti.

for your information: there are no agricultural land in djibouti.
Well even if its little Djibouti has almost 6,000 hectares of agriculture land (provided they are irrigated). Right now only 1/6 of that is in use. So my question is not misplaced.

http://www.nationsencyclopedia.com/econ ... LTURE.html

Re: Kuwait signs grant agreement of USD 2 million for Djibou

Posted: Wed Aug 24, 2011 7:13 pm
by djibsomali
trust me!
There are none, if that was a jardin in djibouti it would not feed my dad familly, let alone a country

Re: Kuwait signs grant agreement of USD 2 million for Djibou

Posted: Wed Aug 24, 2011 7:15 pm
by Coeus
djibsomali wrote:trust me!
There are none, if that was a jardin in djibouti it would not feed my dad familly, let alone a country
I see.

Re: Kuwait signs grant agreement of USD 2 million for Djibou

Posted: Thu Aug 25, 2011 10:52 am
by SahanGalbeed
djibsomali wrote:it does not mean anyting..
That will go toward the president shopping in paris and newyork..

But for you none djiboutien it looks like a progress and a good president (keep on that in your little minds)
.

Re: Kuwait signs grant agreement of USD 2 million for Djibou

Posted: Thu Aug 25, 2011 10:56 am
by OliveOil
Horta why can't a Afar or non Ciise Somalis be the president? :?

Re: Kuwait signs grant agreement of USD 2 million for Djibou

Posted: Thu Aug 25, 2011 11:05 am
by SahanGalbeed
There is nothing on the books that denies them the presidency , laakiin the Issa think Djibouti was created for them by the French .