ABIDJAN, Ivory Coast, — The Board of Directors of the African Development Bank Group has approved the Bank’s Policy on Non-sovereign Operations (NSO). The document provides the framework within which the Bank through its private sector lending window may provide financing or investment without sovereign guarantees to private and public entities that meet specific eligibility...
By Missy Ryang the Pentagon, Anne Gearan and Karen DeYoung The Trump administration has ordered the closure of the Palestine Liberation Organization office in Washington because the PLO “has not taken steps to advance the start of direct and meaningful negotiations with Israel,” the State Department said Monday. The decision follows an extended period of estrangement between the Palestinian...
by: Bob Koigi The 895-km highway corridor linking Kenya and Ethiopia has not only eased cross-border traffic between the two countries, but is a major push for economic integration within Africa, resulting in jobs and improved livelihoods across the Horn region. In 2006, the project was still on the drawing board. Ten years later, construction...
The African Development Bank has launched the Say No to Famine – Short-Term Regional Emergency Response Project, STRERP, for Somalia. As a response to food security, the Bank has supported the people of Somalia, mobilizing approximately $34 million, from both the Transition Support Facility of the African Development Fund and the regional envelope. The STRERP...
BY AKINWUMI ADESINA, ABIDJAN – Water is essential for life, and yet it is scarce in many parts of the world. Owing to the effects of climate change, Africa is experiencing its worst drought since 1945, especially in Southern Sudan, Somalia, Ethiopia, and Northern Nigeria. These fragile areas now need the global community’s support. We...
Ethiopian Airlines will get a $159 million loan from the African Development Bank to help finance an expansion plan that includes doubling the size of its fleet and increasing its revenue to $10 billion over the next decade. The state-owned carrier has around 80 planes, including Boeing 787 Dreamliners and Airbus A350-900 jets, and has...
The Guardian Despite recent heavy rains, Ethiopia is still reeling from the worst drought to hit the country for half a century, particularly in the livestock-dependent regions of Oromia and Somali. Yet studies (pdf) suggest the country could have billions of cubic metres of untapped groundwater. The story is the same across many parts of...
By Tristan McConnell Nairobi (AFP) – On a Sunday afternoon in late February a car exploded outside a crowded restaurant in Baidoa, Somalia, and moments later a suicide bomber blew himself up among fleeing survivors. At least 30 people died in the attack, the latest by the Shebab, a Somali-led Al-Qaeda group in East Africa...
By: KENNETH AGUTAMBA If you ever travel to Ethiopia, ask to be served ‘injera’ which is some pancake-style bread made from a grass grain (teff); but when it’s served, don’t jump in fright because it will appear like a large chapatti spread out on a wide tray-so large you might think it’s meant for you and the...
Cargo trucks await clearance at the Malaba border post in western Kenya. The report notes that while East Africa displays some positive aspect of trade openness, weak transport infrastructure still presents a formidable barrier to trade. PHOTO | FILE | NATION MEDIA GROUP By JAMES ANYANZW East Africa can become a global and intra-regional trade hub...