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US announces $900 million plus of major investment in Somalia - bamichat.com

US announces $900 million plus of major investment in Somalia

The United States Mission in Somalia has announced a critical investment in the Horn Africa nation disclosing that the amount involved could hit $900 million plus. The large chunk of the amount is to go into humanitarian assistance.

The announcement was contained in a statement issued by ambassador Donald Yamamoto on Tuesday stating that it was part of US efforts to create a better tomorrow for Somalis. “The United States is meeting life-saving humanitarian assistance needs; expanding education and healthcare; building institutions, good governance, and justice; creating jobs and advancing economic development; and providing stabilization and security for the people of Somalia,” the statement read.




The US government along with its aid agency, USAID re-established permanent diplomatic presence in Mogadishu in early December after decades out. The move was preceded by Yamamoto’s appointment as ambassador, who took post in November 2018.




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