Horn of Africa Finance Ministers Convene to Discuss Regional Development

Finance ministers from five countries under the Horn of Africa Initiative (HOAI) are expected to meet in Nairobi to address common development challenges hampering growth in the region.

The 15th Roundtable Meeting of Finance Ministers, scheduled for Wednesday, will see the ministers and development partners discuss the consolidation of achievements to date, also in the context of the Chair’s annual report for 2022.

Kenya, which currently holds the HOAI chairmanship, will be represented by the National Treasury and Economic Planning Cabinet Secretary, Prof. Njuguna Ndung’u, who will lead discussions on topics such as responding to previous requests from HoA Ministers, private sector engagement, and digital policy.

HOAI countries, which include Kenya, Ethiopia, Djibouti, Somalia, and Eritrea, will be joined by other development partners, including Japan, the UK, and the French Development Agency, who will attend the meeting as observers.

Additionally, the meeting will evaluate and report on progress made in the common pursuit of economic, infrastructure, social and human development, private sector engagement, digital policy, and adoption of drought resilience measures.

HOAI operates on key pillars, including regional infrastructure connectivity, trade and economic integration, building resilience, and strengthening human capital development.


Read more: KBC

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