The European Investment Bank (EIB) has agreed to provide €79 million for water projects in Djibouti – the largest loan ever provided by the EIB in the country’s history. The 25-year loan will help double desalination capacity, expand wastewater treatment and integrate renewable energy, potentially securing access to clean water for 555,000 people.
The greater Horn of Africa – defined in this report as Djibouti, Eritrea, Ethiopia, Kenya, Somalia, South Sudan, Sudan and Uganda – represents nearly a quarter of sub-Saharan Africa’s GDP, and is home to some of the fastest growing economies, but also many areas that face ongoing conflict and instability.
In this article we address the consequences of the adverse climatic changes and the energy potential of the region that could help lessen the impact of these adverse weather changes.
The $55 million Second Djibouti-Power System Interconnection Project has been approved by the World Bank’s Board of Executive Directors. The new financing will help Djibouti foster more inclusive economic growth, and strengthen regional integration and energy access.
The Africa Minigrid Developers Association (AMDA), represented by Chief Executive Officer, Jessica Stephens, and the Common Market for Eastern and Southern Africa (COMESA) represented by the Secretary General, Ms Chileshe Mpundu Kapwepwe, signed a Memorandum of Understanding between the two organizations.
n support of the government of Djibouti’s goal of achieving universal access to electricity by 2035, the World Bank is launching a new project to bring the benefits of electricity to around 14,000 of the poorest households.