$8 Billion Pledged as Horn of Africa Faces Famine

Development partners have pledged $8.7 billion to address alarming hunger in the Horn of Africa. Nearly all countries in the drought-prone region have been severely impacted by climate change, making food security a major constraint. The alarming drought followed what policy makers and climate analysts say was the fifth consecutive season of failed rains in […]

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 […]

Horn of Africa Seeks Infrastructure for Trade Growth

Horn of Africa (HoA)countries have agreed to support shared infrastructure projects to boost free trade. Speaking in Nairobi on Wednesday at the 15th Roundtable meeting of Finance Ministers, exchequer chiefs from the six countries led by Kenya’s Njuguna Ndung’u committed to finalising mutual infrastructure projects in the next five years. “Trade is a game of numbers. […]

Ethiopia Finance Minister Ahmed Shide Takes Chair of Horn of Africa Initiative from Kenya

The Finance Ministers of the Horn of Africa Countries held the 15th HOAI Ministerial meeting today in Nairobi, Kenya. The Ministers reviewed the progress made on the operation and implementation aspects of the HoA Initiative over the last year and discussed measures to enhance regional integration and cooperation by focusing on areas of private sector participation […]

Horn of Africa Finance Ministers Convene to Discuss Regional Development

Finance ministers from five countries under the Horn of Africa Initiative (HOAI) are expected to meet in Nairobi to address common development challenges hampering growth in the region. The 15th Roundtable Meeting of Finance Ministers, scheduled for Wednesday, will see the ministers and development partners discuss the consolidation of achievements to date, also in 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 […]