Somaliland, AfDB in development talks

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By M.A. Egge

A bilateral meeting was held between the Minister of Finance and that of National Planning and officials from the African Development Bank (AfDB), which centered on the way and means of the African Development Bank to support in development of Somaliland.

During the meeting, a new plan was agreed upon for the African Development Bank to invest in the development of Somaliland with priorities being based on the ongoing five-year national development plan.

Thus, both parties agreed to focus on economic development and job creation, through investment in livestock, agriculture, fish and greening of the area, which are important for primary production and water production, development of economic infrastructure in particular sectors of energy, roads and airports, and ports, development of information and information sharing.

All these factors are among the main pillars of Somaliland’s national development plan, from 2023 to 2027.