AfDB

Somalia: African Development Bank Group approves framework to clear nation’s arrears

The African Development Bank and African Development Fund on Wednesday approved a framework for $122.55 million to clear Somalia’s arrears, paving the way for the Bank Group to fully reengage with Somalia and opening opportunities for enhanced financing for the country.

Canadian Prime Minister Justin Trudeau meets African leaders to advance conflict resolution and economic security

Canada’s Prime Minister Justin Trudeau convened a meeting for African heads of state, foreign ministers and representatives of the United Nations and other multilateral bodies on Monday to discuss ways to secure peace across the continent as a necessary condition for prosperity.

AU calls for further financial input for the NEPAD-IPPF

The 29th Oversight Committee (OC) meeting of the New Partnership for Africa’s Development Infrastructure Project Preparation Facility (NEPAD-IPPF) Special Fund held at the headquarters of the African Union Commission in Addis Ababa, Ethiopia, ended with calls for increased investments to accelerate the closure of Africa’s infrastructure gap.