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    ADF Approves $5.4 Million Grant for Somalia

    Eunniah
    By Eunniah Mbabazi
    - July 25, 2022
    - July 25, 2022
    African Wall Street
    ADF Approves $5.4 Million Grant for Somalia

    The African Development Fund (ADF), a subsidiary of the African Development Bank (AfDB), has approved a $5.4 million grant to support Somalia’s food security programmes.

    AfDB’s East Africa Regional Director General Ms Nnenna Nwabufo said the money would help address the impact of the prolonged drought and the added impact of the Russia-Ukraine conflict have deepened food insecurity in the country.

    The money adds to Monday’s announcement by Samantha Power, the US Agency for International Development (USAid) Administrator, that the agency will provide another $1.3 billion in additional critical humanitarian and development assistance to help stave off mass starvation and deaths.

    Last month, the World Bank approved $143 million in International Development Assistance (IDA) financing to help the vulnerable citizens of Somalia overcome the escalating drought and food insecurity conditions across the country.  

    See Also:

    ADF Approves $ 50.7 Million COVID-19 Response Loan to Tanzania

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