African Development Bank, African Water Facility, Association of European Development Finance Institutions to hold Investment Event for Water and Sanitation in Africa
African Development Bank Group (www.afdb.org), African water supply facilities (www.africanwaterfacility.org), and the European Association of Development Financial Institutions (https://edfi.eu/) will host a senior event to invest in water and sanitation services in Africa. The event will be held in Brussels on March 18, 2025 and will bring together development finance institutions, private sector investors and charitable organizations.
During the event, the African Development Bank and the African Water Facilities will showcase investment-ready projects and provide investors with investment projects, providing investors and development financiers with opportunities to support high-impact and health projects, including indigenous solutions that will drive economic growth, social stability, and improvements in public health in Africa.
Why this matters
Africa faces major water and sanitation challenges, with the continent’s growing population increasing pressure, which is expected to double by 2050.
The lack of visits can lead to serious public health challenges, including the spread of water-borne diseases such as cholera and diarrhea, which kill more than 400,000 people each year on the continent, according to the WHO.
The economic cost of insufficient access to water and sanitation is also high. Insufficient healthcare costs and productivity losses alone will result in as much as $5.5 billion in sub-Saharan Africa. However, investing in climate-sulphurized water and sanitation services, an economic return of $1 per booth can generate at least $7 in economic returns.
“Water and sanitation infrastructure are the foundation of economic growth. Investment is not only necessary, but also good business awareness. By providing funding for high-impact projects, we can create jobs, improve public health and develop local economies.
In addition to funding, the activity will promote discussions on public-private partnerships, hybrid financial models, and innovative financing mechanisms to accelerate progress towards the achievement of the United Nations Sustainable Development Goals 6 – universal access to clean water and sanitation by 2030.
European Association of Development Financial Institutions (https://edfi.eu/) CEO David Kuijper said. “As developing stakeholders, we share the resources for transformative change. European Association of Development Financial Institutions (https://edfi.eu/) attach importance to partnerships with the African Development Bank and the African Water Facilities to convene this event to find financial and technical resources for solutions through projects on the African market. ”
Distributed by Apo Group on behalf of the African Development Bank Group (AFDB).
Media Contact:
Mary Ajayi
Communication expert
Water development and hygiene
media@afdb.org
About the African Development Bank Group:
The African Development Bank Group is the major development financial institution in Africa. It includes three different entities: the African Development Bank (AFDB), the African Development Foundation (ADF) and the Nigerian Trust Fund (NTF). The bank contributes to the economic development and social progress of its 54 regional member states in 41 African countries with external positions in Japan. For more information: www.afdb.org
