Diplomacy and hegemony in the “Horn of Africa”
... Various sources say the pricetag on the “New Horn of Africa” runs between $8 and 12 billion- not including the $16 billion Horn of Africa oil pipeline that complements it (reported by the Financial Times). Who is backing the New Horn of Africa, for now? Here is a list of those who have agreed to participate in the project according to a recent World Bank media release. The European Union has pledged around $3.7 billion until 2020 (for the next five years.) The African Development Bank has announced a pledge of $1.8 billion to last for the next three years, for countries of the Horn of Africa ...