Building Blue Economy Resilience and Prosperity in the IGAD Region and the Horn of Africa (AFDB-P-Z1-AAF-026)

Regions
  • Africa
Geographic location where the impacts of the investment may be experienced.
Countries
  • Djibouti
  • Eritrea
  • Somalia
  • South Sudan
Geographic location where the impacts of the investment may be experienced.
Financial Institutions
  • African Development Bank (AFDB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Approved
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
C
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Voting Date
Aug 29, 2025
Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.
Borrower
Intergovernmental Authority on Development
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Agriculture and Forestry
  • Technical Cooperation
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Grant
The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 5.35 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Grant Amount (USD)
$ 5.35 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Project Cost (USD)
$ 5.35 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Bank Documents
Primary Source

Original disclosure @ AFDB website

Updated in EWS Aug 14, 2026

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Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

According to bank's website, the Building blue economy resilience and prosperity in IGAD & Horn of Africa (BE-Prosper) project seeks to address the underutilization and unsustainable management of aquatic resources in the IGAD region, which hampers food security, trade opportunities, and climate resilience. The region suffers from fragmented policies, inadequate governance structures, and limited capacity for managing fisheries and promoting intra-regional trade. This situation is exacerbated by the vulnerability of coastal communities to climate change. The project will target 4 IGAD member countries namely Djibouti, Eritrea, Somalia and South Sudan, particularly coastal and riparian communities and national institutions involved in fisheries, aquaculture, and the blue economy. Stakeholders are broadly defined along the fish production chain referring to those that govern (e.g. fisheries managers, maritime observers, custom officers, NGOs), and those that are being governed including fishers, processors, traders, and cooperatives. Project Components are : (i) Improving collaborative governance of transboundary fisheries and genetic resources ; (ii) Policy harmonization and trade facilitation towards intra-regional trade ; (iii) Building Climate Resilience and Institutional Adaptability to Shocks ; (iv) Project Management and coordination. The total cost for the proposed project is UA 4.46 million (USD 6.07 million) comprising of a grant from Transition State Facility (TSF) amounting to UA 4 million and IGAD Secretariat will provide an in-kind contribution of UA 0.46 million (USD 0.63 million) in the form of Human Resources, requisite utilities, office space and logistical services. 

Early Warning System Project Analysis
For a project with severe or irreversible impacts to local community and natural resources, the Early Warning System Team may conduct a thorough analysis regarding its potential impacts to human and environmental rights.

Environmental Category: [3] Low Risk

Climate Safeguards Categorization: [2] Projects may be vulnerable to climate risk

Investment Description
Here you can find a list of individual development financial institutions that finance the project.

Transition Support Facility 

Financial Instrument: Fragile State Facility - Pillar 3

Masterloan number: 5900155019358

ADF Cycle: ADF-16 

Commitment (UA): 4,000,000


Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

Name: Ahmed Sheik KHAN

Email: h.khan@afdb.org

ACCESS TO INFORMATION

You can submit an information request for project information at: https://www.afdb.org/en/disclosure-and-access-to-information/request-for-documents. Under the AfDBÕs Disclosure and Access to Information policy, if you feel the Bank has omitted to publish information or your request for information is unreasonably denied, you can file an appeal at https://www.afdb.org/en/disclosure-and-access-to-information/appeals-process.

ACCOUNTABILITY MECHANISM OF AfDB

The Independent Review Mechanism (IRM), which is administered by the Compliance Review and Mediation Unit (CRMU), is the independent complaint mechanism and fact-finding body for people who have been or are likely to be adversely affected by an African Development Bank (AfDB)-financed project. If you submit a complaint to the IRM, it may assist you by either seeking to address your problems by facilitating a dispute resolution dialogue between you and those implementing the project and/or investigating whether the AfDB complied with its policies to prevent environmental and social harms. You can submit a complaint electronically by emailing crmuinfo@afdb.org, b.kargougou@afdb.org, b.fall@afdb.org, and/or s.toure@afdb.org. You can learn more about the IRM and how to file a complaint at: https://www.afdb.org/en/independent-review-mechanism/  

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How it works