Site icon African Eye Report

African Water Facility Attracts €1.2 Billion For Projects

THE African Water Facility (AWF), an initiative of the African Ministers’ Council on water, has attracted €1.2 billion of follow-on investments for water management projects pledged by donors.

“This is a major achievement for AWF’s 10th anniversary,” said Akissa Bahri, the Coordinator of the AWF. The announcement was made during the 14th Governing Council Meeting, held in Tunis, Tunisia.

The Chair of the AWF Governing Council, Sarah Reng Ochekpe, Minister of Water Resources of Nigeria, commended the AWF for this achievement. “The AWF provides an unparalleled opportunity to address the critical gaps that African countries face in the provision of water and sanitation to many needy people,” she said.

The meeting brought together over 34 stakeholders and observers, including African Development Bank (AfDB) and AMCOW representatives, representatives from all AWF donors, Water Ministers from two countries and the Principle Secretaries of the Water Ministries of two more countries.

Participants discussed AWF enhanced investment leverage performance, various initiatives taken to mainstream climate change resilience in AWF operations, the addition of a greater number of innovative sanitation projects in AWF’s portfolio, and the improvement of private sector participation through the inclusion of social business ventures in project design. The AWF also highlighted its strategic focus on gender issues, agricultural water management and its work in fragile states.

Representing the AfDB on the Council, Aly Abou-Sabaa, Operations Vice-President for Agriculture, Water, Human Development, Governance and Natural Resources, noted that the AWF had “developed into an effective vehicle for water security and green development and a successful financial leveraging instrument”. He also added that “its contribution to the development and management of water resources in Africa is well recognized.”

Over the past 10 years, the AWF, which is hosted by the AfDB, achieved a leverage ratio whereby each €1 contributed by the AWF has on average attracted a further €40 in additional investment in the water sector in Africa.

AWF completed projects will benefit an estimated 3.2 million people with access to improved sanitation facilities and over 2.8 million people with access to improved drinking water sources.

Several projects were showcased and presented the role of the AWF in promoting innovations, as well AWF’s outcomes, impacts and benefits to target populations:

 

On the future outlook of the AWF, the Council noted the positive responses to the recently closed Call for Proposals for climate-smart water projects. The Council looked forward to the AWF contributing to meeting climate needs and building climate change resilience in Africa.

African Eye News.com

Exit mobile version