The countries where the risk remained negative include Kenya, with B+, Namibia, BB, Uganda, B+ and Ghana, B. With that rating, the bank says it will continue lending.
The African Development Bank President recalled his work in Uganda as the Associate Director of the Rockefeller Foundation, when he engaged the University faculty members in undertaking research on food technologies.
The proposed assistance will be channelled to the Intergovernmental Authority on Development (IGAD), which has been mandated to mobilize resources on behalf of the African Union. The nine beneficiary countries are Djibouti, Eritrea, Ethiopia, Kenya, Somalia, South Sudan, Sudan, Uganda and Tanzania.
