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EU, Banks Pledge $8B for Horn of Africa Development

Countries in the Horn of Africa will receive more than $8 billion for development under a new initiative unveiled in Ethiopia on Monday. Pledges from the European Union and three international development banks were announced as U.N. Secretary-General Ban Ki-moon hosted a meeting of regional financial and political leaders in Addis Ababa. The contributions will target eight countries in all - Djibouti, Eritrea, Ethiopia, Kenya, Somalia, South Sudan, Sudan and Uganda - and are designed...

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