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 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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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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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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EIB approves US$35.7m loan for clean water supply in Malawi

MALAWI – The European Investment Bank (EIB) has approved $35.7 million loan to extend the drinking water network in southern Malawi. The project is to be implemented by the state-owned Southern Region Water Board (SRWB). The soft loan is to be repaid over 20 years with a grace period of 5 years. The EIB funding is for the extension of the drinking water network in the southern region of Malawi, particularly in Balaka and Liwonde. According to the SRWB, part of the funding will be used for the development of…

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Djibouti unveils wind-powered desalination plant

DJIBOUTI – French group Eiffage, via its subsidiary Eiffage genie civil, in partnership with Tedagua, a Spanish company specialising in water treatment and a subsidiary of the Cobra group, have constructed a wind powered solar desalination plant in Djibouti. The plant will improve the supply of drinking water in this country in the Horn of Africa, which faces persistent water stress. The seawater desalination plant was inaugurated on March 14th, 2021 by Djibouti’s president, Ismaïl Omar Guelleh. The plant is powered by a nearby wind farm and is one of…

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German firm Boreal commissions desalination wastewater treatment systems in Kenya

KENYA – German start-up Boreal Light has commissioned desalination and wastewater treatment systems in several hospitals in Mombasa County, Kenya. The installations are part of a programme implemented in partnership with the Kenyan company WaterKiosk and the Deutsche Investitions- und Entwicklungsgesellschaft (DEG), a subsidiary of the German Development Agency (KfW). The programme aims to install 28 desalination systems for health facilities in Kenya and Tanzania. The company will also provide systems that treat wastewater from health facilities and such plants are important in hospitals treating Covid-19 cases on a daily…

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Senegal secures US$138m from EIB to improve supply of drinking water

SENEGAL – The European Investment Bank (EIB) is set to provide US$138.39 million (€114.5 million) in financial support to improve the drinking water supply and promote integrate solid waste management in Senegal. The support will strengthen the country’s resilience to the ongoing COVID-19 pandemic and other future pandemics as climate change exacerbates the urgency of the situation. By focusing on secondary cities, the Bank is supporting Senegal’s efforts to achieve balanced development across the country, reducing geographical disparities to ensure greater regional equity. Sustainable cities are an absolute necessity given…

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Afreximbank to invest US$1.3b in Angola on water supply project

ANGOLA – Afreximbank president Benedict Oramah, has announced that the bank will invest US$1.3 billion to support development initiatives including a project to supply drinking water to Luanda from Bita. The funds will be invested in priority projects for the country, notably the Lobito rail corridor project, which will require an investment of US$3 billion and the drinking water supply project for the capital Luanda, the cost of which is estimated at US$900 million. The project is a mega drinking water initiative, and also one of the most important on…

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