Islamic Development Bank Freezes Somalia Project

The Islamic Development Bank has suspended a multimillion dollar project in Somalia due to accusations of corruption and mismanagement. Started in October 2016, the Dryland Development Project was being conducted in three rural villages to help pastoralists build resilience to drought, give them access to health and education services, and develop livestock and crops. The project was set to cost $5 million overall, and since February 2017, the Islamic Development Bank (IsDB) had transferred about $1.5 million to an account at Somalia's central bank in three installments. But according to...

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Published By: VOA Africa - Wednesday, 12 September

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