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H. E.
Mr. Timothy T. Thahane, Minister of Finance and Development Planning of the
Kingdom of Lesotho visited BADEA’s Headquarters in Khartoum during the period 4
- 6 November 2004, upon official request from BADEA .
Official talks commenced between the two parties held at BADEA’s Headquarters.
H.E. Mr. Medhat S. Lotfy, the Director General of the Arab Bank for Economic
Development in Africa headed BADEA’s delegation, while H. E. Mr. Timothy T.
Thahane Minister of Finance and Development Planning headed the side of Lesotho.
Talks covered different aspects of cooperation between Lesotho and BADEA,
including on–going projects financed by BADEA in Lesotho, and the prospects of
promoting development in Lesotho.
Both sides expressed the importance of consolidating this cooperation within a
three-year program (2005-2007), consisting of projects and technical assistance
operations, which were considered a priority by the Government.
The Minister also paid a visit to Al- Gezira Scheme and met with the authorities
of the scheme and acknowledged with the activities of it.
It is worth-mentioning that the total commitments of BADEA to the Kingdom of
Lesotho have reached as of to-date, 58.817 million US dollars for financing 20
development operation. Out of this sum US $ 51.05 million (about 86.8% from
total BADEA’s financing to Lesotho), have been allocated to infrastructure
sector projects including Maseru International Airport project, Oxbo-Mokhotlong
Road Project, the two Maseru Water Supply Projects (Phase I & II), in addition
to Maseru Sanitation Project.
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