Kenya and Ethiopia signed Power Purchase Agreement (PPA)

Kenya and Ethiopia have signed a Power Purchase Agreement (PPA) establishing a 500-kilo volts transmission line between the two countries. This new power interconnection agreement supported by the African Development Bank, the French Development Agency, and the World Bank, will provide reliable and affordable energy to an estimated 870,000 to 1.4 million Kenyan households of […]

The World Bank Regional Economic Memorandum (REM) for the Horn of Africa

The Horn of Africa (HoA) holds significant opportunities to boost shared prosperity and eliminate extreme poverty by scaling up cross-border trade, digital innovation, jobs, and economic transformation and overcoming challenges of fragility, conflict, and climate shocks. The Regional Economic Memorandum provides an in-depth analysis of the potential and impediments in regional integration to promote socio-economic […]

Team Europe initiatives in the Horn of Africa

The EU’s and its Member States’ action in the Horn of Africa is fully aligned with the objective and priorities of the 6th EU-AU Summit which will take place in Brussels on 17-18 February 2022. Its action in the Horn of Africa initiative is one of the concrete illustrations of this renewed Africa-Europe Alliance, aiming […]

The Horn of Africa Initiative Launches its Multi-Donor Trust Fund (MDTF)

Horn of Africa Multi-Donor Trust Fund

The European Union (EU) made a €30 million contribution to the Horn of Africa Umbrella Program Multi-Donor Trust Fund to be administered by the World Bank Group (WBG) on behalf of the donor, to support the Horn of Africa Initiative priority projects. The Horn of Africa Initiative (HoAI) welcomes other donors to contribute to the […]

Tapping regional integration to bolster resilience in the Horn of Africa

In 2020, the economies of Djibouti, Ethiopia, Kenya, and Somalia together grew by 0.88%, despite the significant downside risks precipitated by the COVID-19 (coronavirus) pandemic and the accompanying economic shakeout. Stark divergence in growth profiles, underlying fragilities, and significant risks create a complex context going forward. It is against this backdrop of risk tempered with […]

Building Economic Growth and Resilience in the Borderlands of the Horn of Africa

Borderlands

While the Horn of Africa’s borderland communities has historically been politically neglected, a new World Bank report says policies for these regions can create pathways to socio-economic progression. The report, “From Isolation to Integration: An Overview of the Borderlands of the Horn of Africa,” says the Horn of Africa countries – Djibouti, Eritrea, Ethiopia, Kenya, […]

European Union to Fund Groundwork for Horn of Africa Initiative Project Implementation

EU Flag

The European Union adopted significant financing decisions on September 16 in support of the Pillars 1 and 2 project implementation. The infrastructure connectivity and regional economic integration are breakthrough projects under the Horn of Africa Initiative Program designed to improve the economic corridors serving the five member-states of the Horn. The funding will support the […]

Kenya: promouvoir l’intégration régionale et le développement national dans le cadre de l’Initiative pour la Corne de l’Afrique

Kenya at night

WASHINGTON, September 8, 2020 —  The World Bank Board of Executive Directors today approved $750 million in International Development Association (IDA) financing* to improve the movement of people and goods, digital connectivity and access to social services for the benefit of more than 3.2 million inhabitants around the regional trunk road between Isiolo and Mandera, […]

HoAI to Accelerate Regional Integration and Economic Development in 5 Member States

Interconnection for Horn of Africa

The Finance Ministers of the five countries of the Horn of Africa (Djibouti, Ethiopia, Kenya, Eritrea, and Somalia), met on October 8, 2019, in Washington, DC to discuss the common issues that hinder economic growth and development in the regions. The meeting concluded with the issuance of a communique that underscored the importance of cooperation […]

World Bank Approves First Horn of Africa Initiative Project in Kenya

Kenya

The World Bank’s board of directors approved on Wednesday, September 8, 2020 the first project that will benefit Kenya under the new Horn of Africa Initiative (HoAI) Program. The $750 million funding under the International Development Association financing will be implemented within six years and will benefit over 3.2 million people in the Northeastern region. […]