Somalia estimates $12.8bn investment need for climate plan

Saturday 14th November 2026

By inAfrika Newsroom

Somalia estimates it will need US$12.8 billion from 2026 through 2035 to carry out its climate investment plan. President Hassan Sheikh Mohamud presented the plan at COP31 in Antalya, Türkiye, Somalia’s state news agency reported on 12 November.

The Somali delegation’s summary puts the preliminary financing gap at US$10.1 billion, with about US$2.7 billion associated with projects it has already identified. It describes 44 investment opportunities as being at the concept stage. The published figures are estimates and the summary does not detail how much money has been committed or disbursed.

The plan groups its proposals into 27 programmes under seven headings. It covers water supply, agriculture, livestock, fishing and renewable energy, alongside infrastructure, health and environmental protection. The delegation said Somalia’s investment plan and national development plan share priorities in sectors affected by drought and floods.

The delegation has identified project preparation and the choice of financing as areas for discussion. Its proposals include using grants, loans on preferential terms and private investment where appropriate, and clarifying what federal institutions, member states and local partners would each deliver.

Goobjoog News reported that representatives of Denmark, the World Bank, United Nations agencies and the African Development Bank attended the launch. The reported discussions covered investment opportunities and possible support for implementation.

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