Building Up Africa: The 2015 Horn of Africa Infrastructure Summit
The Horn of Africa is a significant region in Northeast Africa containing the countries of Djibouti, Eritrea, Ethiopia, and Somalia. This region includes some of the world’s fastest growing economies in Africa, but often still need assistance to develop in a sustainable and equitable way. To that end, global development representatives from organizations including the World Bank Group, Islamic Development Bank Group, African Union Commission, the European Union, the African Development Bank, and the Intergovernmental Agency of Development have offered more than 8 billion dollars over the coming years to boost economic growth and diminish poverty in the region; this funding began in October 2014.
The Horn of Africa Infrastructure Summit will take place on June 10th and 11th, 2015 in Addis Ababa, Ethiopia. The summit will allow speakers, individuals, government officials, ministries, and private sectors to come together and collaborate on ideas and solutions regarding infrastructure structure development within the region. In order to improve the economy, the Horn of Africa Summit is focusing on infrastructure development projects including improving regional connectivity, investing in electricity transmission, and generating and gridding infrastructure. Both the federal and regional governments are working to attract government financing and foreign investment. Programs will be held throughout each day, touching upon different projects and opportunities that need attention. Key topics are to include financing renewable energy projects, developing ports to enhance trade within the international standard, a plan to attract and involve investors, and educational goals.
Ethiopia is a logical locale for the Summit, serving as a middle ground to the headquarters of the United Nations Commission for Africa, making Addis Ababa a regional and international meeting place. Ethiopia is also a model country for the purpose and goals of the Summit, having doubled its economic output in recent years, inspiring other countries located within the Horn of Africa to make similar investments and improvements. For these reasons and more, Ethiopia was selected to host the Summit.
The goal of the Summit is to provide insight on developing current projects taking place in the Horn of Africa, and to increase participation and interest from individuals and investors. Since infrastructure development is key to the growth of a country, the Horn of Africa Summit will pave a road to progress and success. If interested in additional information regarding this event, please visit Voice Ethiopia’s Facebook and Twitter pages. Voice Ethiopia will be following the live events of the Summit via social media, and check back with us after the event is over, as we will provide more information once the Summit has concluded.