Home ECONOMY World Bank approves $75 mn for pastoralists in Horn of Africa

World Bank approves $75 mn for pastoralists in Horn of Africa

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Nairobi, Oct 26 :

The World Bank has approved an additional credit of $75 million to improve the livelihoods and resilience of pastoralists in the Horn of Africa.

The funds will help to strengthen the organisational capacity of the Inter-Governmental Authority on Development (IGAD), including the sustainable development of pastoralism in the Horn of Africa, Xinhua reported citing the statement Saturday.

According to the World Bank, the latest financing for the Regional Pastoral Livelihoods Resilience Project will benefit Ethiopia which will join Kenya and Uganda in the ongoing project.

“The additional financing will directly help 132,000 Ethiopian households, which mainly rely on pastoral activities, including livestock activities,” the World Bank statement said.

“This number will add to the 135,000 households (93,000 in Kenya, 42,000 in Uganda) included in the first phase, to make a total of 267,000 households in the three countries.”

(IANS)