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

African Development Bank Group approves $6.6 million grant to strengthen Somalia’s financial architecture for inclusive growth

The reforms seek to build a competitive and globally connected financial sector in Somalia, enhancing stability, trust, and financial inclusion, and attracting private investment

The African Development Bank Group (www.AfDB.org) has approved a $6.6m grant to support the Federal Government of Somalia (FGS) in strengthening state capacity to build its financial architecture in order to promote inclusive and equitable growth. The Somalia Financial Sector Development Project will focus on improving the capacity of financial…

African Development Bank Group (AfDB)

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    • Conference of the Parties (COP28): United Kingdom commits £7.4 million additional funding to African Development Bank’s Africa Disaster Risk Financing Programme
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Source: African Development Bank Group (AfDB) |

Conference of the Parties (COP28): United Kingdom commits £7.4 million additional funding to African Development Bank’s Africa Disaster Risk Financing Programme

Grant to support Somalia in adapting to weather extremes related to climate change

The United Kingdom’s Foreign, Commonwealth and Development Office has announced nearly $10 million in additional funding to the African Development Bank’s (www.AfDB.org) programme assisting African countries to strengthen resilience and enhance their response to climate shocks. The financial commitment of £7.4 million ($9.63 million) for the Multi-Donor Trust Fund of…

African Development Bank Group (AfDB)

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    • Somalia receives grant from the African Development Bank to help raise more domestic revenue and rationalize its public spending
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Source: African Development Bank Group (AfDB) |

Somalia: African Development Bank Group approves $13.3 million grant to help improve domestic revenue mobilisation and public expenditure management

The grant comprises $9.31 million from the resources of the African Development Fund, the Bank Group’s concessional financing window for low-income countries

The Board of Directors of the African Development Bank Group (www.AfDB.org) on 2 October 2023 approved a grant of $13.29 million to Somalia to help improve domestic revenue mobilization and public expenditure management under the Institutional Support for Economic Governance Project. The grant comprises $9.31 million from the resources of the…

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

Somalia: African Development Fund Approves $5.4 Million Grant to Build Food Security, as Millions Face Crisis

The grant constitutes additional financing to the multinational Program to Build Resilience for Food and Nutrition Security (BREFONS)

The Board of Directors of the African Development Fund has approved a $5.4 million grant to support the building of urgently needed food security in Somalia. The grant constitutes additional financing to the multinational Program to Build Resilience for Food and Nutrition Security (BREFONS) and will specifically deploy certified quality…

African Development Bank Group (AfDB)

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    • African Development Bank New Series of African Country Gender Profiles Show Progress in Addressing Gender Discriminatory Law
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Source: African Development Bank Group (AfDB) |

African Development Bank New Series of African Country Gender Profiles Show Progress in Addressing Gender Discriminatory Law

The Bank’s country gender profiles evaluate gender equality and offer recommendations to drive parity across a range of metrics

New reports the African Development Bank (www.AfDB.org) has produced on Benin, Djibouti, Somalia, Zimbabwe and Liberia show the countries have successfully put national policies in place to advance gender equality. At the same time, the Covid-19 pandemic has sharpened the challenges women face.    Prepared in collaboration with the countries…

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

African Development Fund approves $4.3 million grant to Somalia for Statistics Development

The project forms part of plans to rebuild institutional capacity that was weakened in Somalia during several years of conflict

The Board of Directors of the African Development Fund has approved a $4.3 million grant to support statistics development in Somalia. The Board of the African Development Fund, the concessional window of the African Development Bank Group, approved the grant on 14 February. The Statistics Development Support Project for Somalia…

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

African Legal Support Facility holds Annual Meetings

The meetings were held virtually from 24-25 May 2021

The African Legal Support Facility (ALSF) (www.ALSF.int) has concluded virtual Annual Meetings of its management board and Governing Council during which the institution’s term was extended until 2036. The extension – for an additional 14 years beyond the original term date of 2022 – was based on the ALSF’s accomplishments,…

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

African Development Bank, partners, host online workshop on enhancing water security in the Greater Horn of Africa

The virtual discussion, held on 15 December, was hosted by the Bank’s Water Development and Sanitation Department and the African Water Facility

The African Development Bank (www.AfDB.org) and the Intergovernmental Authority on Development (IGAD) (https://bit.ly/3nDsT4E), a regional organization of Horn of Africa countries, held a webinar to discuss the pressures affecting water security in the Greater Horn of Africa and how the Bank can support regional member countries to better respond to…

African Development Bank Group (AfDB)
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…

African Development Bank Group (AfDB)
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)…