| Project Detail |
Contract partner: AfDB - African Development Bank
Country: Africa, regional/multinationalFunding amount: € 1.500.000,00Project start: 01.09.2020End: 31.12.2022
SHORT DESCRIPTION:
Overall goal
By the end of 2025 the African Water Facility (AWF) aims to leverage EUR 15 billion in investments for the African water sector. This is intended to finance infrastructure and the provision of services for drinking water and sanitation, agricultural irrigation, hydropower and multi-purpose water storage in the African region.
Expected results
Within the framework of projects prepared by the AWF, 25 million people will be provided with increased access to safely managed drinking water and 19 million with access to safely managed sanitation. In addition, 670,000 hectares of land are to be irrigated, hydropower capacity is to be increased by 2,100 MW and the volume of multi-purpose water reservoirs is to be increased by 14 billion m³.
Target group / Beneficiaries
For the period 2020-2022 ADAs contribution corresponds to 1.8% of AWF’s annual financing requirements and thus benefits about 88,000 people per year. The AWF is implemented by the African Development Bank (AfDB) and is a demand-driven, African institution-led project preparation facility that focuses on investment planning and preparation in order to mobilise investments to close the financing gap in the water sector. The AWF supports initiatives all over Africa.
Activities
AWF’s main activities consist of feasibility studies to validate project concepts and to make them investment-ready, as well as the development of project structure plans and transaction advisory services to make projects bankable and secure public and/or private financing. Seed funding is used to replicate or pilot innovative or alternative business models and technologies.
The current AWF strategy 2017-2025 focuses on leveraging investments through the following strategic priorities:
- Project preparation (75% of the fund budget)
- Catalytic investments (15% of the fund budget)
- Investment promotion (10% of the fund budget) |
