Multi-Partner Somalia Infrastructure Fund (SIF)

05-Apr-2019

African Development Bank multi-partner Somali Fund to receive US$3 million from IsDB

The African Development Bank has welcomed the Islamic Development Bank’s agreement to contribute US$3 million to the multi-partner Somalia Infrastructure Fund (SIF). The signing ceremony for the agreement took place on the sidelines of the 44th Islamic Development Bank (IsDB)’s Annual Meetings in Marrakech, Morocco. Dr. Mansur Muhtar, IsDB Vice President for Country Programmes, signed the agreement on behalf of the Islamic Development Bank. In his remarks, Dr. Mukhtar lauded the Bank’s efforts in establishing the Somalia Infrastructure Fund. “Establishment of the SIF shows the Bank’s...
20-Mar-2019

Somalia: African Development Bank Multi-Partner Infrastructure Fund to receive €1 million from Italy

The Italian Government has signed an agreement for an additional €1 million contribution to the Multi-Partner Somalia Infrastructure Fund. Established by the Bank in October 2016, the Fund is one of the financing windows under the Somalia Development and Reconstruction Facility of the New Deal Compact for Somalia. It aims to support and accelerate Somalia’s inclusive and sustainable economic recovery, peace and state building, through rehabilitation and development of the country’s infrastructure. This will be Italy’s third injection of funds to the Bank-managed Fund, bringing its total...
30-May-2018

Italy ramps up support for Somalia’s infrastructure, contributes €1 million to Somalia Infrastructure Fund

The African Development Bank, on May 28, 2018 in Mogadishu, participated in a signing ceremony that occasioned Italy’s contribution of €1 million to the Somalia Infrastructure Fund (SIF). The ceremony was witnessed by Albert Mafusire, the African Development Bank’s Principal Country Economist for Somalia, who represented the Bank’s Deputy Director General for East Africa and Country Manager for Somalia, Nnenna Nwabufo; the Italian Ambassador to Somalia, Carlo Campanile; and the Federal Government of Somalia’s newly appointed Minister of Public Works, Reconstruction and Housing, Abdifatah...
17-May-2018

Bank Group organizes a workshop for sharing best practices in Somalia’s electricity industry

The African Development Bank and the Federal Government of Somalia concluded a two-day (26-27 April 2018) consultation and knowledge-sharing workshop on “Regulating the Somalia Energy Sector.” The main objective of the Workshop, funded by the Korea-Africa Economic Cooperation (KOAFEC) Fund, was to provide an opportunity for Somali policy makers to share information from Korean, Ethiopian and Kenyan counterparts on best practices for developing the  energy sector. The Workshop also served as a platform for guidance on developing renewable energy in Somalia, including data on the most...
24-Jun-2017

AfDB briefs Donors on its new strategy for Somalia and the status of the Multi-Partner Somalia Infrastructure Fund

The AfDB has briefed donors on its new Country Brief for Somalia and the status of the Multi-Partner Somalia Infrastructure Fund (SIF). The briefing was chaired by Gabriel Negatu, Director General of the Bank’s Eastern Africa Regional Centre. Representatives from the Italian Agency for Development Cooperation, UK DfID, USAID, High Commission for India, Delegation of the European Union to Somalia, and the French, Danish and Finnish Embassies participated in the meeting. The new Country Brief builds on the Bank’s work in Somalia over the past few years and will be aligned to ...
02-Jun-2017

Somalia - Donors commit to fill US$ 105 million infrastructure projects funding gap

On 25 May 2017, during the African Development Bank’s Annual Meetings in Ahmedabad, India, the Federal Government of Somalia (FGS) and the African Development Bank (AfDB) organised a meeting with donors and friends of Somalia on “Financing the Infrastructure Pillar of Somalia’s National Development Plan (NDP) 2017-19.” The well attended meeting included representatives from the following countries and institutions: Somalia, Saudi Arabia, Kuwait, United States of America, Germany, Sweden, Egypt, Italy, United Kingdom, Netherlands, Morocco, World Bank, and AfDB. Through the NDP...
26-Oct-2016

AfDB approves Somalia Infrastructure Fund

The African Development Bank Group (AfDB) has approved a framework document for the establishment of the AfDB Multi-Partner Somalia Infrastructure Fund. The political and economic situation in Somalia in the last two decades has severely affected all sectors in the country, including infrastructure. The devastating civil war that lasted for more than 25 years led to challenges, including high levels of poverty and human depravation caused by a combination of limited social and physical infrastructure, nascent industrial production and financial sectors, and adverse climatic conditions....