The African Development Bank (AfDB) has approved the 2018 work plan and budget of the African Water Facility (AWF). AWF is an initiative led by the African Ministers’ Council on Water (AMCOW) to mobilise resources to finance water resources development activities in Africa. It is hosted and managed by AfDB.
Over its past decade of operation, the AWF developed a portfolio of grants covering 104 projects in 52 countries including Africa’s most vulnerable states.
The main strategic focus for 2018 is to put African Urban Sanitation Investment Fund into operation, according a statement from AFDB. Under this initiative, largely funded by the Bill and Melinda Gates Foundation, four city-wide urban sanitation projects will be prepared to ready them to secure public and/or private financing and seed funding (catalytic investment).
The AWF will continue to engage with development partners to better align their respective activities to address Africa's water priorities and will coordinate with the African Ministers' Council on Water to harmonize its activities and related strategic initiatives, create an investment promotion platform and organize joint investment promotion events.