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Tag: African Development Bank approves $121.7 million loan

Business: African Development Bank approves $121.7 million loan, Euro 3 million grant to support water and sanitation sector in Namibia.

Business: African Development Bank approves $121.7 million loan, Euro 3 million grant to support water and sanitation sector in Namibia.

Business
ABIDJAN, Ivory Coast, March 12, 2020/ -- The Board of Directors of the African Development Bank (https://www.AfDB.org/en) on Wednesday approved a $121.7 million loan (ZAR 1.893 billion) and Euro 3 million grant from the Rural Water Supply Sanitation Initiative Trust Fund to support Namibia’s “Water Sector Support Program”.The program will facilitate sustainable production and transfer of water resources to improve access to potable water and for agricultural and industrial use. It will also enhance sanitation in rural areas and enrich institutional capacity, sustainable management and utilization.In particular, it seeks to increase access to sustainable water services from the current level of 85% and sanitation services from 54% to the universal 100% target by 2030.Namibia is ...
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