Connect with us

Hi, what are you looking for?

Africa

AfDB’s Approves 115m Euros For Rwanda’s Water

Pic 28. African Development Bank Group Nigeria Country Department Complex inaugurated by Vice-President Yemi Osinbajo in Abuja on Thursday (18/1/18) 00368/18/1/2018/johnson udeaNI/NAN

The Board of African Development Bank (AfDB) has approved additional funding support of €115 million to Rwanda’s Sustainable Water Supply and Sanitation Programme.

The assistance is to enable 1.5 million people have access to improved, reliable and sustainable water supply services.

The funding will cover strategic cities and address water and sanitation challenges in areas with a low access rate of 45% − a figure that is way below the national average of 85%.

The new financing is to scale up the country’s largest water and sanitation sector investment program. The program is co-financed by the European Investment Bank and the OPEC Fund for International Development.

In November 2017,the Bank approved an initial US$121 million loan and US$50 million Africa Growing Together Fund(AGTF) loan to Rwanda under its Sustainable Water Supply and Sanitation Program.

“The Bank’s support to this program further goes to deepen and consolidate the impact of its investments in enhancing resilience to climate change and inclusive growth,” said Wambui Gichuri, the Bank’s Director for Water Development and Sanitation.

The Government of Rwanda has shown consistent commitment to sector reforms and economic transformation in furtherance of its recently-approved National Strategy for Transformation − designed to propel Rwanda into an upper middle-income country by 2035.

The program is bolstered by the country’s new Vision 2050, which aims to ensure a high standard of living for all Rwandans.

Of the 1.5 million people to be provided water access under the additional funding, 700, 000 live in peri-urban/ rural areas.

The African Development Bank is the main development partner in Rwanda’s water and sanitation sector which has seen a positive record of accomplishments.The additional financing will enable the Government to undertake this transformative program.

_________

Follow us on Twitter at @thesignalng

Copyright 2018 SIGNAL. Permission to use portions of this article is granted provided appropriate credits are given to www.signalng.com and other relevant sources.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Advertisement

Related

News

The Federal Government has revealed plans to boost the digital economy with a $600m Innovation Fund from the African Development Bank (AfDB). Vice President...

Africa

The Board of Directors of the African Development Bank (AfDB), has approved a 50-million-dollar Trade Finance Unfunded Risk Participation Agreement (RPA) facility between the...

Africa

Dr Akinwunmi Adesina has been sworn as President of the African Development Bank (AfDB), to serve another five-year term. The ceremony held virtually on...

News

President Muhammadu Buhari says Nigeria will stand solidly behind Dr Akinwumi Adesina in his bid to get re-elected as President of the African Development...

Copyright ©