The Fund issued a further ten calls for concept notes and proposals, resulting in investments in building capacity of higher education course on conflict resolution and peacebuilding; supporting the delivery of high-quality research; impact employment-intensive works project in Kismayo, Lower Jubba, and Gedo; commercialization of the fishing sector along the Jubbaland coast; promoting youth participation in future economic growth and peace building in Galkayo, Bossasso, and Kismayo.
The Fund issued a further ten calls for concept notes and proposals, resulting in investments in an SMS beneficiary feedback; expanding opportunities for youth through entrepreneurship; community cohesion through reviving Somali culture & heritage; an internal research, evaluation and learning unit; strengthening Somali women’s leadership and participation in decision-making processes ; a job placement scheme for female graduates; women’s leadership in the private sector; strengthening the role of women’s organizations; community-driven development in Sanaag; and community-driven development in Sool. The fund also continued support to multiple levels of government across South-Central Somalia and Puntland, including support to implement public financial management systems, provision of solar street lighting, establishment of flood defence systems and support to implement the Federal Government’s Stabilization Plan.
The Fund completed its inception phase in April 2014, having already made several initial investments across Somalia.
The Fund issued four calls for concept notes, resulting in investments covering community-driven development in Baidoa; private sector engagement in stability; youth engagement in the economy; and media development. Support was also delivered to the Federal Government of Somalia, member states (e.g. Puntland), interim administrations (e.g. Interim Jubbaland Administration) and other governance structures based on their priorities.
October 1, 2013
Adam Smith International was appointed the Fund Manager after a rigorous bidding and selection process. The Stability Fund soon established itself as a high profile multi-donor fund establishing relationships with key donors, multiple levels of the Federal Government of Somalia, and Somali civil society.
DFID funded six projects as part of a rapid disbursal fund. An interim team began managing these investments once they became operational.