Ministers from the Horn of Africa Turn to Private Sector for Project Funding

Finance ministers from the Horn of Africa are seeking ways to attract more private sector backing for projects in infrastructure, energy, and technology, to better build economic resilience as drought and inflation bite.

The leaders met under the Horn of Africa Initiative (HoAI) in Nairobi this week and agreed to develop a “comprehensive” private-sector engagement strategy, which is expected to be tabled at the next meeting in October.

This is projected to help bridge the existing funding gap that has slowed down the implementation of the initiative’s priority areas: infrastructure development, trade, and economic integration, building resilience, and human capital development.


Read more on: The East African

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