African Development Bank Group signs $28.8 million grant deal with Somalia for road and water projects

Mogadishu, Somalia, 29 August 2019 – The African Development Bank Group on 27 August 2019 signed two grants for $28.8 million for road and water supply projects to improve livelihoods in Somalia and boost resilience. The grants, approved by the Bank’s Board on 19 July 2019, confirm sustained efforts, especially by the African Development Fund, to tackle fragility in the Horn of Africa. They comprise $11.99 million for the Kismayo Baidoa urban water project and $16.86 million to partly finance a $66.7 million road. […] Read More