Public Management

African Water Facility has raised €1.4 billion and funded 117 projects in 52 African countries

African Water Facility has raised €1.4 billion and funded 117 projects in 52 African countries
Tuesday, 18 December 2018 04:08

The Governing Council of the African water Facility (AWF) has commended the Facility for mobilizing over €1.4 billion for the implementation of projects. The Facility has also funded 117 national and regional projects in 52 countries, including transition states, since it began operations in 2006.

The AWF received the commendation at the 18th meeting of the Governing Council of the Facility, held 6-7 December 2018 in Abidjan, Cote d’Ivoire.

At the end of the two-day event, the Council commended the efforts made by AWF in delivering its mandate since the inception of its operations and invited Management to submit the  proposed 2019 work plan and budget to the African Development Bank’s Board for approval.

The Council noted that the AWF mobilized more than €1.4 billion as follow-on investments for implementation of the prepared projects, having funded 117 national and regional projects in 52 countries, including Africa’s transition states.

The African Water Facility is one of the flagship initiatives of the African Development Bank and a model of success,” said Wambui Gichuri (photo), the Bank’s Director of Water Development and Sanitation.

Speaking on behalf of Jennifer Blanke, Vice-President for Agriculture, Human and Social Development, Gichuri said “The Bank is proud of its multiple roles with respect to the AWF:   co-founder, trustee, host institution, administrator and programmatic partner. As Trustee, the Bank ensures that donor resources provided to AWF for projects are managed with the highest fiduciary standards.  As host and administrator, the Bank provides a physical home and the attendant amenities to AWF staff, as well as administrative budget support,” She said.

The Council reviewed and endorsed the: AWF Progress Report for 2018. It also approved the 2019 Annual Work Plan and Budget of €4.42 million as well as the 2018-2020 Medium Term Plan and provided inputs for improving the AWF draft Resource Mobilization Strategy and Action Plan.

The Secretary General of Senegal’s Ministry of Water and Sanitation, Thierno Hamet Baba Ly, chaired the meeting, representing Mansour Faye, the chair of the Council. Participants included representatives of African ministers in charge of Water Resources, Development Partners and African Ministers’ Council on Water (AMCOW) Technical Advisory Committee Observers.

In his opening remarks, Thierno Hamet stressed the relevance of the AWF in addressing the critical gaps that African countries face “in the provision of water and sanitation to many needy people, by helping to mobilize funds for major investment projects needed for water security in Africa, and by creating the enabling environment for these investments to succeed.”

The AWF seeks to embark on a vigorous campaign to mobilize resources for implementation of AWF’s Strategy 2017-2025.  In 2019, the AWF will focus on implementing the roll out of the “City-wide Sanitation Initiative,” which will include appraising, and approving several projects, and preparing a water and climate adaptation program.

The AWF was established in 2005 by AMCOW as a multilateral fund that provides grants and technical assistance to enable governments, NGOs and private-public partnerships to secure investments and implement sustainable water projects throughout Africa.

27472 in Agency African Water Facility has raised 1.4 billion and funded 117 projects in 52 African countries

Additional Info

  • communiques: Non
  • couleur: N/A
On the same topic
• Equatorial Guinea’s economy will contract by 3.1% in 2025 after a modest 0.9% growth in 2024.• Afreximbank will raise $4.5 billion to fund the...
Legal appeals and calls for stability following leadership shake-up delay the Group’s listing on the Central African stock exchange. Highlights ●...
Cenntro has signed a deal with Moroccan firm Electricove to build an EV assembly plant. The factory will assemble models like the Teemak and LS450...
• Government to issue ₦80 billion in bonds through two tranches• Highest yield: 19.30% on four-year notes due April 2029• Bonds tradable, tax-exempt for...
Most Read
01

The fintech leaders primarily emerge from Nigeria, Egypt, Kenya, and South Africa, nations recognize...

10 African Fintech Unicorns and Upstarts Make World’s Top 300
02

By linking ECOWAS countries, the project enhances regional digital infrastructure, which is crucial ...

Liberia, ECOWAS & World Bank collaborate on second West Africa submarine cable plan
03

The acquisition signals rising confidence in Africa’s digital infrastructure as a viable, long-term ...

Kenyan Mawingu Networks to Sell 35% Stake to South Africa’s Pembani Remgro Fund
04

As digital technologies reshape Africa's job market, digital skills are becoming crucial for youth i...

Africa Faces 'Critical' Digital Skills Gap as Youth Population Booms, UN Warns
05

- Micro, small, and medium enterprises received over half of business loans in WAEMU in 2024 - Bank ...

WAEMU: SMEs Secured 52% of Business Loans in 2024, Up From 49% in 2023 
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.