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March 2014, #6

OFID's Governing Board approves fresh financing to benefit 20 African countries
image Meeting in its 146th Session, the Governing Board of the OPEC Fund for International Development (OFID) approved financing of over US$130 million to boost socio-economic development in 20 partner countries in Africa.
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OFID and Shell Foundation sign grant agreement for energy initiative
image OFID Director-General Mr Suleiman J Al-Herbish signed a US$1 million grant agreement with Dr Chris West, CEO of the Shell Foundation. The agreement covers a two-component project that aims at improving access to efficient cooking stoves in Sub-Saharan Africa and Latin America.
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OFID signs loan agreements with Djibouti and Niger
OFID has signed a loan agreement with Djibouti to help fund the Tadjoura Port Project and with Niger to co-finance the Emergency Food Security and Rural Development Program.
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Four African countries receive OFID funding for energy and transportation projects
image On January 29, OFID signed loan agreements totaling nearly US$28m to help boost socio-economic development in Burundi, Côte d’Ivoire, Rwanda and Togo.
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Applications still being accepted for OFID Scholarship
image OFID is still accepting applications for its 2014/2015 scholarship award. The deadline for submission is May 1, 2014.
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