Delays imperil nearly half of AfDB’s $246m Somalia projects
People affected by worsening drought after consecutive failed rainy seasons gather at the Alla Futo camp for internally displaced persons on the outskirts of Mogadishu, Somalia.
Business and Technology Reporter in Nairobi, Kenya
Nation Media Group
Nearly half of the projects funded by the African Development Bank (AfDB) in Somalia have been put on a watchlist, amid corruption claims, exposing widespread delays that threaten to blunt their intended impact on the country’s fragile recovery.
Internal portfolio performance reports seen by The EastAfrican reveal that eight of the 22 AfDB-funded projects in the Horn of Africa nation are red-flagged, as are 14 of the 34 financing instruments to the country, with one under close watch.
