Public Management

Mauritius: African Development Bank approves emergency relief to boost clean-up of marine oil spill

Mauritius: African Development Bank approves emergency relief to boost clean-up of marine oil spill
Friday, 18 September 2020 19:32

The Board of Directors of the African Development Bank on Wednesday approved a $500,000 emergency assistance grant to support international recovery efforts after a significant oil spill earlier this year off the coast of Mauritius.

The funding, to be sourced from the Special Relief Fund, will complement ongoing activities by the government of Mauritius, development partners, and other actors to undertake salvaging and cleaning operations, conduct damage and loss assessments, along with other socio-economic evaluations. The United Nations has assumed a lead role in coordinating the response.

The $500,000 emergency assistance grant from the African Development Bank to Mauritius is an important contribution to the International Recovery effort towards restoring the pristine marine ecology, so important for livelihoods in the blue economy and tourism sectors, which is now threatened by the unfortunate oil spill,” said Martin Fregene, Bank Director for Agriculture & Agro-industry.

More than 1,000 tons of oil have leaked into the Indian Ocean since a carrier vessel ran aground off the Mauritius coast on 25 July. Rescue teams successfully pumped out about 3,800 tons of oil and the government declared a state of emergency and has ordered fishermen and citizens to stay away from the beaches and lagoons around the communities of Blue Bay, Pointe d'Esny and Mahebourg.

The oil spill has resulted in health, conservation and economic challenges. The country relies heavily on the blue economy, particularly food and tourism, and its coastline has some of the world’s most pristine coral reefs. The general population remains at ongoing risk of severe illness from petroleum and its associated pollutants.

The country had hoped to reopen its borders to tourists following a successful response to the COVID-19 pandemic. However, the spill has delayed those plans.

In May 2020, the Bank approved €188 million euros in loans to bolster the country’s national budget as it mounted a response to the pandemic.

As of 1 August 2020, the Bank had four ongoing operations in its country portfolio with a valuation of $458.8 million.

24968 in Agency agrf jennifer blanke agrf afdb copy

Additional Info

  • communiques: Non
  • couleur: N/A
On the same topic
BOAD approves CFA30 billion refinancing for Coris Bank units Funds to support lending, energy projects, and food security in Burkina Faso Move...
A $147M Novastar Ventures fund backed by major Japanese firms offers co-investment rights into African startups to bridge the funding...
Vista gains approval to acquire majority stake in Chad’s BAC Deal marks Vista’s expansion into Central African banking market Acquisition targets low...
Guinea injects funds into banks to ease cash shortages Shortages persist due to hoarding and weak cash circulation Central bank pushes digital...
Most Read
01

Firms move beyond payments toward integrated SME platforms Services include invoicing, inve...

African fintechs are moving beyond payments - and into business operations
02

The BCEAO now allows UEMOA citizens abroad to open CFA franc accounts under the same conditions as...

West Africa Targets Diaspora Funds With New Banking Access Rules
03

Novo Nordisk cuts Wegovy prices in South Africa amid competition Move targets rival Eli Lil...

Drugmakers ramp up competition in South Africa’s obesity treatment market
04

ECOWAS, Energy China discuss regional power infrastructure cooperation Talks cover $36.3...

ECOWAS, China Discuss Cooperation on West Africa Power Projects Under $36.39B Plan
05

WAEMU posts 3.31 trillion CFA francs trade surplus in Q4 Exports surge 50.4%, led by gold, ...

WAEMU Trade Surplus Widens to $5.8 Billion in Q4 2025 on Strong Export Gains
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

regie@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72


EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.