By Dipo Olowookere
The UK Department for International Development (DFID) says it is providing £1.5 million of support to help establish a new fund to deliver key infrastructure projects in Somalia.
The support, delivered through the African Development Bank’s (AfDB) multi partner “Somalia Infrastructure Fund”, will make a vital contribution to Somalia’s stability by focusing on infrastructure rehabilitation and development, with specific investments in the energy, water and sanitation and transport sectors.
The funds will also help strengthen government capabilities in infrastructure development and management, and provide skills training for young people.
These investments will be critical in building Somalia’s economy, creating employment opportunities and supporting peace and state building.
The Head of DFID Somalia, Phil Evans said, “Somalia’s economic development is a top priority. This new fund will help bridge a gap in international donor funding to Somalia. Our contribution is part of the UK’s wider efforts in helping boost economic growth across all regions in Somalia, with the aim of improving productivity, reducing the costs of doing business and creating jobs. The Somalia Infrastructure Fund is part of the Somali New Deal Compact commitments endorsed by Somalia and its international development partners in Brussels in September, 2013.
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