The CEO of the Saudi Development Fund, Sultan bin Abdulrahman Al-Murshed, signed 14 new development loans with ministers from 12 African countries, valued at more than SAR 2 billion. The loans will go towards financing development projects in sectors such as health, water, education, transport, and energy. The countries that signed the agreements include Burkina Faso, Benin, Burundi, Cape Verde, Guinea, Malawi, Mozambique, Niger, Rwanda, Sierra Leone, Tanzania, and Angola. Projects outlined in the agreements include the construction and equipping of girls' secondary schools in several areas of Niger, the building of a regional hospital in Burkina Faso, and the establishment of a college for the preparation of teachers in Benin. Other projects include the rehabilitation of King Khalid University Hospital in Burundi, expansion of water transport and distribution systems in the east of Kigali City in Rwanda, and the development of the industrial area in Katoombiela in Angola. The Saudi Development Fund aims to support African countries in addressing their development needs, building their capabilities and contributing to their economic and social development.