French Development Agency loans US$104.78M to Moroccan Water Company

MOROCCO – The French Development Agency (AFD) has agreed to provide MAD1.05 billion (US$104.78 million) loan to Morocco’s RADEEM and RADEETA through two separate agreements. The two agreements intend to facilitate access to sanitation and drinking water services for more than 1.8 million people living in the autonomous water companies’ utility territories. These territories include: Radeej (El Jadida), Radeel (Larache),…

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WaterEquity raises US$153 million for water and sanitation across Africa

AFRICA – WaterEquity, the first asset manager exclusively focused on water and sanitation, has raised US$153 million third impact investment fund, the Global Access Fund to increase water access across Africa. The Fund will invest equity capital from institutional investors, foundations, impact investors, and donor-advised funds alongside US$100 million of debt capital from the U.S. International Development Finance Corporation (DFC).…

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Eni Energy partners NNPC and FAO to commission 11 solar-powered water schemes in North-East Nigeria

NIGERIA – Eni Energy, an Italian multinational oil and gas company has partnered Food and Agriculture Organization of the United Nations (FAO) to have commissioned 11 water schemes in Borno and Yobe States, North-East Nigeria. The Italian company has been represented in the agreement by its Nigerian subsidiaries Nigerian Agip Exploration (NAE) and Agip Energy & Natural Resources (AENR). The…

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Morocco allocates US$561.5M to accelerate drinking water and sanitation projects

MOROCCO – The Moroccan government has approved a budget of 5.3 billion Moroccan dirhams (US$561.52 million) presented by the Office national de l’électricité et de l’eau potable (ONEE) for drinking water and sanitation projects. Part of the budget will be used to continue the drinking water supply projects underway in Morocco. This will increase ONEE’s production capacity to 7.35 million…

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The government of Togo approves US$40M budget for drinking water in 2022

TOGO – The Togolese parliament has approved a budget of 23 billion CFA francs (US$40 million) in line with its budget laws to secure the supply of water in Togo, which is currently estimated at more than 70%. Expenditures related to the supply of drinking water are increasing over the years in Togo. This is normal, according to the Togolese…

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USAID grants US$1.5M funding for drinking water, sanitation projects in Senegal

SENEGAL – The U.S. Agency for International Development (USAID) has granted US$1.5 million funding to West Africa Water SA and Delta SA for water and sanitation projects in Senegal. The move is part of the agency’s West Africa Trade & Investment Hub (Trade Hub) initiative. USAID collective US$1.5 million in co-investment grants will go towards two companies that are working…

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Morocco allocates US$382.89M to finance water supply in the country

MOROCCO – The Moroccan Ministry of Equipment and Water has announced an emergency plan to deal with the drought that is drying up rivers and curbing economic activities in the country. At least US$382.89 million have been mobilized to build new dams and seawater desalination plants to curb drought in the country. The funding is to mitigate the effect of…

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AfDB approves US$86.72m loan to boost water supply in South Africa and Lesotho

LESOTHO – The African Development Bank Group’s (AfDB) Board of Directors has approved a loan of US$86.72 million to co-finance the second phase of the Lesotho Highlands Water Project. The multi-phase project will provide water to the Gauteng region of South Africa and generate hydroelectricity for Lesotho and the project entails harnessing the waters of the Senqu/Orange River in the…

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Uganda receives US$91.8m from AFD and EU for water and sanitation in Insingiro District

UGANDA – The government of Uganda has received US$91.8 million in funding from the French Development Agency (AFD) and the European Union (EU). for the implementation of the Isingiro District Water Supply and Sanitation Project. The French Development Agency (AFD) funding of US$83 million is divided into a loan of US$80.6 million and a technical assistance grant worth US$2.3 million.…

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Angola secures US$1.1b financing from World Bank for its mega Bita water project

ANGOLA – The government of Angola has secured a new US$1.1 billion financing package from the World Bank and the French Export Credit Agency to enable the completion of its’s mega Bita drinking water project. This is part of a US$1.1 billion financial transaction, consisting of a US$910 million loan from the World Bank through its subsidiary, the International Bank…

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