• Contact
Monday, May 12, 2025
  • Login
The African Business - News About African business
  • Home
  • EconomyNew
    China remains Africa’s largest bilateral trading partner, accounting for 20% of the region’s exports and 16% of its imports.

    African nations may face pressure as China warns against U.S.-aligned trade deals

    afb

    The African Development Bank Group (AfDB) is rolling out Special Agro-Industrial Processing Zones (SAPZs) across Africa

    ua

    Trump cuts see main African health agency turn to local funding

    Trending Tags

  • Business
    de beers

    De Beers to shut down lab-grown diamond brand Lightbox

    cannabis

    South Africa to revise cannabis food laws amid public backlash

    BFA

    BPI expects to earn over €95 million from partial sale of BFA in July

    Alcides Andrade, anpg

    ANPG has already awarded over 40 new concessions in various oil blocks

    nvidia

    Africa’s first AI factory, backed by Zimbabwean billionaire and Nvidia, to cost $720 million

    elon musk

    South African minister accused of trying to ease ownership law for Elon Musk’s Starlink

    copper

    Copper prices surge as Trump signals 25% tariff on imports

    bmw

    BMW SA reintroduces third shift, says there is growing local interest in PHEV model

    zim

    Zimbabwe seeks $950m in new bid to kick-start mining firm

  • Finance
    Armando Jorge Mota

    Armando Jorge Mota Announced as New CEO of Sanlam Angola Seguros

    Nigeria asks banks to save forex gains amid currency risks

    Nigeria asks banks to save forex gains amid currency risks

    PayPal finally launches Apple Pay support for its credit and debit cards

    PayPal finally launches Apple Pay support for its credit and debit cards

    TLG Capital launches ₦2.25B collateralized credit facility for OnePipe

    TLG Capital launches ₦2.25B collateralized credit facility for OnePipe

    Silicon Valley Bank: Global bank stocks slump despite Biden reassurances

    Silicon Valley Bank: Global bank stocks slump despite Biden reassurances

    [Kenya] Digital credit provider Tala disbursed Sh240 billion in loans in eight years

    [Kenya] Digital credit provider Tala disbursed Sh240 billion in loans in eight years

    Digital banking revolution can help SA banks regain their customers’ love, says BCG

    Digital banking revolution can help SA banks regain their customers’ love, says BCG

    Nigeria launches payments card program to rival Visa and Mastercard

    Nigeria launches payments card program to rival Visa and Mastercard

    Mastercard and ZoodPay join forces to launch the first virtual installment card across EEMEA

    Mastercard and ZoodPay join forces to launch the first virtual installment card across EEMEA

  • Opinion
  • Lifestyle
  • Sports
  • Green Economy
No Result
View All Result
  • Home
  • EconomyNew
    China remains Africa’s largest bilateral trading partner, accounting for 20% of the region’s exports and 16% of its imports.

    African nations may face pressure as China warns against U.S.-aligned trade deals

    afb

    The African Development Bank Group (AfDB) is rolling out Special Agro-Industrial Processing Zones (SAPZs) across Africa

    ua

    Trump cuts see main African health agency turn to local funding

    Trending Tags

  • Business
    de beers

    De Beers to shut down lab-grown diamond brand Lightbox

    cannabis

    South Africa to revise cannabis food laws amid public backlash

    BFA

    BPI expects to earn over €95 million from partial sale of BFA in July

    Alcides Andrade, anpg

    ANPG has already awarded over 40 new concessions in various oil blocks

    nvidia

    Africa’s first AI factory, backed by Zimbabwean billionaire and Nvidia, to cost $720 million

    elon musk

    South African minister accused of trying to ease ownership law for Elon Musk’s Starlink

    copper

    Copper prices surge as Trump signals 25% tariff on imports

    bmw

    BMW SA reintroduces third shift, says there is growing local interest in PHEV model

    zim

    Zimbabwe seeks $950m in new bid to kick-start mining firm

  • Finance
    Armando Jorge Mota

    Armando Jorge Mota Announced as New CEO of Sanlam Angola Seguros

    Nigeria asks banks to save forex gains amid currency risks

    Nigeria asks banks to save forex gains amid currency risks

    PayPal finally launches Apple Pay support for its credit and debit cards

    PayPal finally launches Apple Pay support for its credit and debit cards

    TLG Capital launches ₦2.25B collateralized credit facility for OnePipe

    TLG Capital launches ₦2.25B collateralized credit facility for OnePipe

    Silicon Valley Bank: Global bank stocks slump despite Biden reassurances

    Silicon Valley Bank: Global bank stocks slump despite Biden reassurances

    [Kenya] Digital credit provider Tala disbursed Sh240 billion in loans in eight years

    [Kenya] Digital credit provider Tala disbursed Sh240 billion in loans in eight years

    Digital banking revolution can help SA banks regain their customers’ love, says BCG

    Digital banking revolution can help SA banks regain their customers’ love, says BCG

    Nigeria launches payments card program to rival Visa and Mastercard

    Nigeria launches payments card program to rival Visa and Mastercard

    Mastercard and ZoodPay join forces to launch the first virtual installment card across EEMEA

    Mastercard and ZoodPay join forces to launch the first virtual installment card across EEMEA

  • Opinion
  • Lifestyle
  • Sports
  • Green Economy
No Result
View All Result
The African Business - News About African business
No Result
View All Result
Home Green Economy

Africa: W2AF raises €36 million to accelerate access to drinking water

TAB by TAB
08/04/2023
in Green Economy
0
Africa: W2AF raises €36 million to accelerate access to drinking water
0
SHARES
1
VIEWS
Share on FacebookShare on Twitter

The Water Access Acceleration Fund (W2AF) has raised its first round of funding with a capitalization of €36 million. These funds will be reinvested in innovative solutions to accelerate access to drinking water in Africa and Asia.

This is an initiative that should lead to others on the African continent. Investment companies are mobilizing to accelerate access to drinking water in Africa and Asia. They have thus committed to the first financial mobilization of the Water Access Acceleration Fund (W2AF). The fund mobilized 36 million euros from the Investment Fund for Developing Countries (IFU), the U.S. Finance Corporation for International Development (DFC), the Norwegian Investment Fund for Developing Countries (NORFUND), the French bank BNP Paribas, the French food multinational Danone, and the Aqua for All Foundation.

Related posts

AfDB

AfDB joining the African Carbon Markets Initiative

05/06/2024
2
Santa Maria Sal Cape Verde

Cape Verdean Government Expects to Receive 1.2 Million Tourists This Year

22/05/2024
4

The U.S. Agency for International Development (USAID) provided catalytic funding to enable a first tranche of losses through the Invest initiative. W2AF’s second financial mobilization also aims to mobilize 36 million euros. The fund aims to provide access to clean water to 30 million people by 2030.

Reducing the investment gap in the water sector in Africa

“Lack of access to clean water has profound consequences for billions of people in emerging economies, and we are far from achieving the Sustainable Development Goal 6 (SDG 6) target on access to clean water for all,” says Arent Christian Kjær, IFU’s director of investments. According to the United Nations (UN), 2 billion people still do not have access to safe drinking water worldwide, the vast majority of them in sub-Saharan Africa.

And the investments made so far remain insufficient. In Africa alone, the needs amount to 20 billion dollars per year. Faced with this situation, the W2AF fund will invest in private companies specialized in the production and distribution of drinking water. The aim is to support the efforts of African governments who “alone are not able to fill the investment gap” observed.

“The societal gains are obvious, as every dollar invested in basic drinking water yields three dollars. The figures are even higher for water investments in rural areas,” says IFU, which has invested 6.8 million euros in the W2AF fund. According to the World Bank, African states devote no more than 0.5% of their gross domestic product (GDP) to the water sector.

Source: Afrik21
Previous Post

Kenya’s president has launched a water project to provide water to a million Kenyans

Next Post

Foreign exchange: several African countries have a shortage of US dollars

Next Post
Kenyans keep their money in USD to protect their wealth

Foreign exchange: several African countries have a shortage of US dollars

RECOMMENDED NEWS

news7

Commentary: Why 2019 Indonesian Presidential Election is all about 2024

4 years ago
1
Safaricom and Visa launch M-PESA GlobalPay visa virtual card

Safaricom and Visa launch M-PESA GlobalPay visa virtual card

3 years ago
4
PSG Star Mbappe Reportedly Dating Trans Model Ines Rau, the First Transgender Woman to Appear on Playboy Cover

PSG Star Mbappe Reportedly Dating Trans Model Ines Rau, the First Transgender Woman to Appear on Playboy Cover

3 years ago
400
news1

Tourists from US, Singapore are frequent users of Airbnb in South Korea

4 years ago
2

BROWSE BY CATEGORIES

  • Business
  • Economy
  • Finance
  • Green Economy
  • Lifestyle
  • Opinion
  • Sports
  • Uncategorized

Ads

Categories

  • Business
  • Economy
  • Finance
  • Green Economy
  • Lifestyle
  • Opinion
  • Sports
  • Uncategorized
The African Business - News About African business

We bring you the best Premium news about African Business.

Follow us on social media:

Recent News

  • De Beers to shut down lab-grown diamond brand Lightbox
  • South Africa to revise cannabis food laws amid public backlash
  • BPI expects to earn over €95 million from partial sale of BFA in July

Category

  • Business
  • Economy
  • Finance
  • Green Economy
  • Lifestyle
  • Opinion
  • Sports
  • Uncategorized

Legal Information

Terms and Conditions
Privacy Policy
Complaints Book

  • Contact

© 2021 The African Business

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Economy
  • Business
  • Finance
  • Opinion
  • Lifestyle
  • Sports
  • Green Economy

© 2021 The African Business