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UN News
Source: UN News |

At United Nations (UN), Horn of Africa nations urge global solidarity and real reform

As UN General Assembly’s general debate continued Saturday, Horn of Africa nations made a strong plea for action to rescue a world teetering on the precipice of climate catastrophe and struggling under the weight of an outdated and unfair global financial system

Leaders from Somalia, Ethiopia, Djibouti and Eritrea painted a grim picture of a planet marred by the unforgiving impacts of climate change. They left no room for equivocation: This is an existential crisis that demands immediate, collective action. They highlighted the upcoming COP-28 climate conference in the United Arab Emirates…

Ministry of Foreign Affairs of the Republic of Latvia
Source: Ministry of Foreign Affairs of the Republic of Latvia |

Latvian Foreign Minister in New York meets with Foreign Ministers of Djibouti and Mongolia

The Ministers of Foreign Affairs of Latvia and Djibouti discussed the fragile security situation in Sudan and the Horn of Africa

On 20 September 2023, during the 78th session of the United Nations General Assembly in New York, the Minister of Foreign Affairs of Latvia, Krišjānis Kariņš, met with the Minister of Foreign Affairs and International Cooperation of Djibouti, Mahamoud Ali Youssouf, and the Minister of Foreign Affairs of Mongolia, Battsetseg…

Africa Finance Corporation (AFC)

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    • Djibouti Inaugurates Debut Wind Farm, a Milestone in Quest to be First African Country Fully Reliant on Green Energy (1)
    • Djibouti Inaugurates Debut Wind Farm, a Milestone in Quest to be First African Country Fully Reliant on Green Energy (2)
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Source: Africa Finance Corporation (AFC) |

Djibouti Inaugurates Debut Wind Farm, a Milestone in Quest to be First African Country Fully Reliant on Green Energy

The Red Sea Power (RSP) wind farm, near Lake Goubet, will provide 60 megawatts of clean energy, boosting overall capacity by 50% and averting 252,500 tonnes of CO2 emissions annually

60MW plant boosts energy capacity by 50% while averting 252,500 tons of CO2; Further 45MW expansion planned by investment partners AFC (www.AfricaFC.org), FMO, CFM & GHIH; Energy security and independence, import substitution, industrialisation, job creation and economic stability are among the benefits to be delivered in line with UN SDGs.…

African Union Transition Mission in Somalia (ATMIS)
Source: African Union Transition Mission in Somalia (ATMIS) |

African Union Transition Mission in Somalia (ATMIS), frontline States agree to Enhance Collaboration on Security

The resolution was made at a meeting held on Sunday in the Somali capital, Mogadishu

The African Union Transition Mission in Somalia (ATMIS) and the Frontline States Task Force – a regional security initiative by countries bordering Somalia – have agreed to strengthen collaboration in the fight against Al-Shabaab.   The resolution was made at a meeting held on Sunday in the Somali capital, Mogadishu, between…

The World Bank Group
Source: The World Bank Group |

Addis-Djibouti Corridor to Get Major Upgrade That is Key to Unlocking Connectivity and Trade for Ethiopia and the Horn of Africa

The project aims to upgrade the road to Djibouti, including the Mieso-Dire Dawa section, which is currently in poor condition and unsuitable for growing truck traffic

The Addis-Djibouti corridor, a vital trade route and a lifeline for Ethiopia's 120 million people, will get a significant upgrade thanks to the newly approved Horn of Africa Initiative’s Regional Economic Corridor Project. The project, endowed with a $730 million grant from the International Development Association* (IDA), aims to improve…

Afreximbank

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    • Afreximbank leads US$155 million strategic facility to Djibouti Ports and Free Zone Authority
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Source: Afreximbank |

Afreximbank leads US$155 million strategic facility to Djibouti Ports and Free Zone Authority

The deal is targeted at supporting the development of a trade-enabling infrastructure to assist Djibouti in achieving its plan to become a regional trans-shipment and logistics hub

The African Export-Import Bank (Afreximbank) (www.Afreximbank.com) in Nairobi announced the disbursement of a $120-million financing facility to Djibouti’s Great Horn Investment Holding (GHIH) for the execution of a series of development projects in the country’s Damerjog Industrial Development Free Trade Zone. The deal, announced after a meeting between Afreximbank President Prof.…

European Investment Bank (EIB)
Source: European Investment Bank (EIB) |

Global Gateway: €79 Million European Investment Bank Support for Water Desalination and Wastewater Treatment in Djibouti

The EIB’s first-ever support for water investment in 44 years of operations in the East African country will transform water access in the national capital

Solar powered desalination scheme to transform water security for 550,000 people; largest ever EIB (https://www.EIB.org) engagement in Djibouti signed during working visit to Luxembourg. The European Investment Bank (EIB), the world’s largest international public bank, today agreed to provide EUR 79 million 25-year financing to support water desalination, access to clean…

African Energy Chamber

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    • Djibouti Energy Minister to Showcase Investment, Partnership Opportunities at African Energy Week (AEW) 2023
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Source: African Energy Chamber |

Djibouti Energy Minister to Showcase Investment, Partnership Opportunities at African Energy Week (AEW) 2023

H.E. Yonis Ali Guedi, Minister of Energy and Natural Resources of the Republic of Djibouti, has confirmed his participation at African Energy Week 2023, where he will showcase investment opportunities in the East African country

The African Energy Chamber (AEC) (http://www.EnergyChamber.org) – the voice of the African energy sector – is proud to announce that H.E. Yonis Ali Guedi, Minister of Energy and Natural Resources of the Republic of Djibouti, will participate at the African Energy Week (AEW) 2023 conference and exhibition – Africa’s premier…

International Monetary Fund (IMF)
Source: International Monetary Fund (IMF) |

International Monetary Fund (IMF) Staff Concludes Visit to Djibouti

Despite the decline in revenues from the slower economic activity and the shortfall of taxes on domestic fuel, the fiscal deficit narrowed to 1.4 percent of GDP in 2022

Economic growth moderated in 2022 amid international trade disruptions and the conflict in Ethiopia; Port activity started to rebound this year on the back of the peace agreement in Ethiopia, and a continued recovery is expected in 2023; Improving revenue collection, enhancing expenditure efficiency, and strengthening governance will help support…

Ministry of Information, Eritrea
Source: Ministry of Information, Eritrea |

Eritrea participates at Inter Governmental Authority on Development (IGAD) regular meeting

At the meeting the Eritrean delegation affirms Eritrea’s readiness to endeavor, in conjunction with all member states, to the rejuvenation and effectiveness of the Inter Governmental Authority on Development (IGAD)

Senior Eritrean delegation composed of Mr. Osman Saleh, Minister of Foreign Affairs, and Presidential Advisor Mr. Yemane Gebreab participated at the 14th regular meeting of the Inter Governmental Authority on Development (IGAD) that was held in Djibouti on 12 June. At the meeting the Eritrean delegation affirms Eritrea’s readiness to endeavor,…