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Saudi economic relations with sub-Saharan Africa continue to grow

South Africa's president will soon visit the Saudi kingdom, and the Saudi Fund for Development recently agreed to help the Central African Republic develop solar energy.

The Saudi Fund for Development (SFD) provided a soft loan to light roads using solar energy in the Central African Republic.
From right, H.E Felix Moloua, Minister of State in the Central African Republic, H.E. Mr. Sultan Al-Marshad CEO of SFD, Oct. 13, 2022. The Saudi Fund for Development (SFD) provided a soft loan to light roads using solar energy in the Central African Republic. — SFA.gov

Two notable developments in Saudi-Africa relations occurred this week. 

The Saudi Fund for Development signed an agreement yesterday to finance a public lighting project utilizing solar power in the Central African Republic. The lights will be used on roads in the country’s capital city Bangui, the official Saudi Press Agency reported. 

South African President Cyril Ramaphosa will also visit Saudi Arabia tomorrow to discuss bilateral trade and investment.

“The discussions would focus on export market opportunities for South African produce and on South Africa as an investment destination,” according to a statement from the South African government.

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