Tunisia gets N6.9b loan from Islamic bank

February 8, 2010 10:54PM

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Saudi-based Islamic Development Bank has lent Tunisia N6.9 billion to finance a gas supply project, officials said on Monday.

The loan, with 20-year-long maturity, bears 5.1 per cent interest rate and three-year grace period, they added.

The money will finance a natural gas supply scheme in the southern phosphate-producing Gafsa area.

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