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The African Development Bank approved $76.37 million to upgrade roads and trade systems in Somalia, linking it to Ethiopia and Djibouti.
The African Development Bank has approved $76.37 million in additional funding to expand road infrastructure in Somalia, part of a regional corridor linking Somalia, Ethiopia, and Djibouti.
The financing, from the African Development Fund and Transition Support Facility, will upgrade key roads, build bridges, improve customs systems, and support trade facilitation, including a simplified regime for small traders.
The project also includes social infrastructure like schools, health centers, and water sources to boost local resilience and economic growth.
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El Banco Africano de Desarrollo aprobó 76,37 millones de dólares para mejorar las carreteras y los sistemas comerciales en Somalia, conectándola con Etiopía y Djibouti.