Source: African Development Bank Group (AfDB) |

Somalia: African Development Bank grants of $25 million will bolster budget for COVID-19 responses

The funding comes under the umbrella of the Bank’s COVID-19 Response Facility

The African Development Bank (www.AfDB.org) on Friday approved grants worth $25.1 million to Somalia to bolster the national budget for government efforts to mitigate national and regional impacts of the COVID-19 pandemic. The funding, comprised a $10.04 million grant from Pillar 1 of the Bank’s Transition Support Facility and a $15.06 million…

Source: African Development Bank Group (AfDB) |

African Development Fund approves $9.52 million to enhance coordinated COVID-19 response in East and Horn of Africa and the Comoros

The funds will be used to bolster health systems and disease surveillance, enhance infection prevention and control, and improve regional coordination

The Board of Directors of the African Development Fund (ADF) have approved grants totaling $9.52 million to strengthen responses to the COVID-19 pandemic in East Africa and the Horn, and in the Comoros. The grant, approved on 26 June, is part of the $10 billion COVID-19 Rapid Response Facility (CRF)…

Source: African Development Bank Group (AfDB) |

African Development Bank and development partners propel Somalia back from the brink

The Bank’s current portfolio in Somalia totals $298 million, covering operations in agriculture, water and sanitation, transport, social and energy, and multi-sectoral projects

In early 2020, Somalia, with support from the United Kingdom Government and the European Union, settled its arrears to the African Development Bank (www.AfDB.org), paving the way for the lifting of 30-year old sanctions imposed by the Bank and the resumption of full engagement with the fragile East African country.…

African Development Bank Group (AfDB)
Source: African Development Bank Group (AfDB) |

Somalia: African Development Bank’s intervention helps to curb COVID-19 in vulnerable communities

African Development Bank-financed water supply and sanitation project came in handy as a critical control intervention

With 2.6 million internally displaced persons in Somalia, the outbreak of COVID-19 poses an additional challenge in an already fragile situation, leaving the population highly vulnerable. Thankfully, the African Development Bank-financed (www.AfDB.org) water supply and sanitation project came in handy as a critical control intervention, although COVID-19 was not anticipated…

Source: African Development Bank Group (AfDB) |

Kenya: €188m African Development Bank loan to boost COVID-19 response

The loan will extend additional resources to Kenya as the country takes steps to contain the spread of the pandemic and deal with its unprecedented impact

The Board of Directors of the African Development Bank (www.AfDB.org) today approved an €188 million loan to support the Government of Kenya’s efforts to respond to the COVID-19 pandemic and mitigate the related economic, health and social impacts. The loan will extend additional resources to Kenya as the country takes…

African Development Bank Group (AfDB)
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Source: African Development Bank Group (AfDB) |

African Development Bank approves $1.5 million emergency grant to curb desert locusts ravaging East and Horn of Africa

The proposed assistance will be channeled to the Intergovernmental Authority on Development (IGAD)

The Board of Directors of the African Development Bank (www.AfDB.org) on Wednesday approved a $1.5 million emergency relief grant to assist nine countries in the East and Horn of Africa on the control of swarms of desert locusts that are threatening livelihoods and food security. The proposed assistance will be…

African Development Bank Group (AfDB)
Source: African Development Bank Group (AfDB) |

New dawn for Somalia: Arrears owed to the African Development Bank Group cleared

The Bank Group will immediately provide a new policy-based operation to help boost economic growth and accelerated development of Somalia

Arrears on loans owed by Somalia to the African Development Bank (www.AfDB.org) Group have been cleared following the payment in full of $122.55 million by the governments of the United Kingdom and the European Union, marking the end of sanctions and the resumption of full re-engagement between the Bank Group…

Source: African Development Bank Group (AfDB) |

Somalia: African Development Bank Group approves framework to clear nation’s arrears

The historic Framework for Somalia’s Arrears Clearance and a Policy-based Operation was approved at a meeting of the Boards of Directors held Wednesday

The African Development Bank (https://www.AfDB.org/) and African Development Fund today approved a framework  for $122.55 million to clear Somalia’s arrears, paving the way for the Bank Group to fully reengage with Somalia and opening opportunities for enhanced financing for the country. The historic Framework for Somalia’s Arrears Clearance and a…

African Development Bank Group (AfDB)
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Source: African Development Bank Group (AfDB) |

Global Gender Summit 2019: African Leaders Take on the Responsibility to Urgently Close the Gender Gap

The 2019 Global Gender Summit, the first to be held on the continent, kicked off on Monday with a strong call to surge ahead on gender issues and move from commitment to action

‘There is no template to follow…we (women) can deliver but we can deliver differently” - President Sahle-Work Zewde, President of Ethiopia; ‘We are making sure that narrowing this gender gap is everyone’s responsibility,’ President Paul Kagame of Rwanda; “This discrimination is political, economic and social; it is politically incorrect, unjustifiable…

Source: African Development Bank Group (AfDB) |

Horn of Africa countries launch regional initiative as peace dividend beckons, $15 billion investment on the cards

The initiative was formalized on 18 October, on the sidelines of the World Bank Group/International Monetary Fund (IMF) Annual Meetings in Washington DC

Five Horn of Africa countries have launched an initiative to forge closer economic ties, building on the improving political climate in the sub-region. The initiative was formalized on 18 October, on the sidelines of the World Bank Group/IMF Annual Meetings in Washington DC. The countries agreed on priority projects and…