African Water Facility marks milestone in Abuja

flowing tapFrom EMEKA OKONKWO

ABUJA, (CAJ News) – THE African Water Facility (AWF) is celebrating its ten-year milestone in Abuja.

The African Development Bank (AfDB), African Ministers Council on Water (AMCOW) and the Federal Ministry of Water Resources are hosting the event.

African Ministers of Water Resources, development partners, senior members of the diplomatic corps, academia and the private sector are attending the event that ends on Friday in the capital city.

The events to mark the milestone of the AWF include a strategic workshop to revise the AWF Long Term Strategy to 2025.

The current strategy ends in 2016.

The workshop will also conduct a mid-term review of the facility, its performance and challenges. Also to be held is the 15th Governing Council Meeting, a press conference, and celebrations to mark a decade of the
commitment to fund sustainable water projects in Africa.

AWF is 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.

Since 2006, the facility has funded 98 national and regional projects in across 52 countries, including Africa’s most vulnerable states.

The AWF has mobilized more than €1,4 billion as a result of its project preparation activities. These activities constitute 70 percent of its entire portfolio. On average, each €1 contributed by the AWF has attracted €35 in additional follow-up investments.

CAJ News


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Posted by on Nov 26 2015. Filed under Africa & World, Finance, National, Regional. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

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