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 Lesotho highlands by constructing a series of dams for the mutual benefit of the two countries. The Trans-Caledon Tunnel Authority, a state-owned entity in South Africa charged with financing and…

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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. The financing agreement was signed on September 20th, 2021, between the Ugandan Minister of Finance, Planning and Economic Development, Matia Kasaija and the French Ambassador to Uganda, Jules-Armand Aniambossou. The…

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Angola signs US$1.5b MoU on solar and water projects

ANGOLA – The government of Angola has signed a Memorandum of Understanding (MoU) with Sun Africa and US-based company AfricaGlobal Shaffer to create the largest mini-grid energy project in Africa which is part of a US$1.5 billion project to be implemented by Sun Africa. The project is expected to cover the southern provinces of Cunene, Namibe, Cuando Cubango and Huíla in Angola. The Memorandum says the project will consist of the electrification of all municipal headquarters and main communes in the country. The Angolan Minister of Energy and Water, João…

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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 for Reconstruction and Development (IBRD). The other part of the loan is provided by the French Export Credit Agency. Standard Chartered, a British multinational banking and financial services company, arranged…

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Boreal inaugurates a new solar-powered water desalination system in Kenya

KENYA – The German start-up Boreal Light is inaugurating new water desalination plants installed in several public structures on the southern coast of Kenya powered by solar energy. New drinking water kiosks designed by Boreal Light supplies a school, a mosque, a vocational training centre, a tailoring shop and oil extraction facilities on the southern coast of Kenya. The drinking water is obtained from a new desalination system powered by a 15 kWh solar mini-grid. Called “Shimoni WaterKiosk”, the solution was installed by Kenyan start-up WaterKiosk Africa. According to the start-up…

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October Dry Port Company secures US$29.6m loan from EBRD

EGYPT – The European Bank for Reconstruction and Development (EBRD) has approved a €25 million (US$29.6 million) loan in favour of Egypt’s October Dry Port Company (ODP), a joint stock company established to construct Egypt’s first inland dry port located in 6th of October City, the bank announced. The EBRD said that the loan is part of a total investment package of worth US$60 million to finance the design, development, construction, and operation, as well as maintenance of the port. The project will be Egypt’s trigger investment under the EBRD’s…

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Davis & Shirtliff appoints Edward Davis as new MD for Kenyan business

KENYA – Water and energy equipment supplier, Davis & Shirtliff has appointed Edward Davis as the managing director for Kenya effective immediately. Edward is the son of the firm’s chairman Alec Davis and takes over from Mas Waweru, who retired at the end of May. Davis comes to this role with over 18 years of experience in business development and will be focused on further accelerating the Group’s growth and success in the Kenya business. “Edward’s commercial experience at Davis & Shirtliff is incredibly valuable to the team in Kenya…

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TCTA secures US$1bn for development of the LHWP’s second phase

SOUTH AFRICA – The Trans-Caledon Tunnel Authority (TCTA), the South African government agency responsible for water management, has secured R15 billion (US$1.09 billion) from private investors. The funding is for the development of the second phase of the Lesotho Highlands Water Project (LHWP). Work is expected to accelerate at the Lesotho Highlands Water Project (LHWP) site. Trans-Caledon Tunnel Authority (TCTA), the South African government agency responsible for water management, has secured funding from private investors. The funding, worth R15 billion (US$1.09 billion), will be used to build a series of…

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Fordmax commences rehabilitation of solar powered drinking water supply

NIGERIA – Fordmax, a water company, has begun the rehabilitation of a drinking water supply system in Enugu State in south-eastern Nigeria which will be able to supply 28,000 m3 of water per day, will now be powered by solar photovoltaic energy. The use of solar energy is becoming more widespread in Nigeria. The company Fordmax, which won the contract to rehabilitate the Ninth Mile Crash drinking water supply system, has decided to solarise all the installations. The 12 boreholes were built a few years ago to improve the supply…

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WaterEquity secures US$25m funding from DFC to finance water and sanitation projects

AFRICA – The U.S. Development Finance Corporation (DFC) has provided US$25 million to WaterEquity Fund, a facility designed to support institutions that finance water and sanitation projects in Africa and other regions of the world. The US$25 million is the first tranche of a US$100 million loan. “At least five million people will be able to access improved water and sanitation services on these three continents,” said the DFC. The loan is being provided with “the issuance of fixed income instruments in accordance with the International Capital Market Association (ICMA) guidelines on…

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