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 […]

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 […]