Ministerial Communique dated 27 October 2021

We, the Finance Ministers of Djibouti, Ethiopia, Kenya and Somalia, met virtually today, 27 October 2021, around the World Bank Group/ IMF Annual Meetings. This was our ninth meeting on the Horn of Africa Initiative. We would like to acknowledge the continued support and commitment of our Development Partners(DPs) — the African Development Bank, the […]

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 […]

Finance Ministers affirm Strong Commitment to Economic Integration in the Horn

Finance Ministers

Finance Ministers of Djibouti, Ethiopia Kenya, Somalia, and Sudan hold a meeting to discuss the progress of the Horn of Africa Initiative (HoAI) in areas such as trade and energy as well as to develop a regional digital eco-system. The Finance Ministers in Djibouti were joined with Mrs. Nnenna Nwabufo, Director General East Africa of […]

Ministerial Communique dated 26 June 2021

Communique from Finance Ministers Roundtable

We, the Finance Ministers of Djibouti, Ethiopia, Kenya, Somalia and Sudan, met in the afternoon today, 26 June 2021. The Djibouti, Ethiopia and Sudan Ministers, together with the Director-General of AfDB was physically present in Djibouti – our first semi face-to-face meeting since the Covid crisis set in – while others joined virtually. As in previous […]

World Bank prioritizes the Horn of Africa in its approach for regional integration in Africa

Horn of Africa Initiative

The World Bank Group has updated on June 2021 its Regional Integration and Cooperation Assistance Strategy (RICAS 2021-2023) by prioritizing cross-border issues in fragile zones, including the Horn of Africa. The WB support will be focused on increasing regional connectivity in the areas of transport, energy, and digital infrastructure. It will also promote trade and […]