Public Management

Angola: AfDB Signs $124.4M Sanitation Project Deal for Coastal Towns

Angola: AfDB Signs $124.4M Sanitation Project Deal for Coastal Towns
Thursday, 05 October 2023 14:51

The African Development Bank Group on Tuesday signed two loan agreements with the Government of Angola to improve access to climate-resilient and sustainable sanitation services in four coastal towns serving a combined population of 1.4 million.

The agreements for a $75 million loan from the African Development Bank and $49.4 million from the Africa Growing Together Fund (AGTF) will benefit Benguela, Baía Farta, Catumbela and Lobito, in western Angola. The Africa Growing Together Fund is a $2 billion facility sponsored by the People’s Bank of China and administered by the African Development Bank.

Angolan finance minister, Vera Daves de Sousa and African Development Bank Country Manager for Angola, Pietro Toigo, signed the agreements in Luanda, Angola.

The Coastal Towns Inclusive Sanitation Project is part of the Angolan government’s efforts to improve water and sanitation service delivery in the country, in line with its Vision 2050 which promotes sustainable and climate-resilient water and sanitation infrastructure and service provision.

The project area in which the towns are located, is an important economic and logistics hub for Angola, and the project is expected to improve the health and socioeconomic situation of the populations there. Access to sanitation services is crucial to meeting the health demands of Angola’s rising population, increasing urbanization, and socioeconomic development.

De Sousa, who serves as African Development Bank governor representing Angola, expressed her government’s appreciation to the African Development Bank for its development efforts in Angola in multiple sectors.

“We are embarking on a transformative journey and this historic agreement solidifies our commitment to improving sanitation services and enhancing the living environment that will significantly impact the well-being of our citizens,” she said.

In addition to addressing critical sanitation issues, the project will include the construction of sewage reticulations, wastewater and faecal sludge treatment plants, improving the sanitation value chains, and capacity building. These initiatives align perfectly with Government’s vision healthier and more sustainable future and the Sustainable Development Goals. 

Toigo said: “the Government of Angola took a momentous step forward to promote clean and hygienic living conditions for communities in the four coastal towns. We are delighted to be launching an innovative integrated project that combines elements of infrastructure investment, support to private sector operators; community-led sanitation and governance to improve the sustainability of public utilities”. He noted that the project would provide valuable lessons and experience, and drives changes in the sector and expand similar initiatives across the country.

1982 agency

Additional Info

  • communiques: Non
  • couleur: N/A
On the same topic
Oman launches a bank in Luanda to finance Africa–Middle East trade Focus on large firms and strategic sectors like energy and logistics Move...
The European Union committed €559 million ($660 million) to support Ethiopia’s economic transformation. Funding targets energy...
Funding part of $250 million raise to boost investor confidence Fintech expands services, processes $40 billion across 30...
ACK Holding signed an agreement to acquire Colas Gabon, a subsidiary of Bouygues. The deal includes industrial assets and 254 employees, with...
Most Read
01

(EBID) - EBID aims to allocate nearly 41% of its commitments to projects with environmental and...

EBID makes giant strides for a green transition in west africa
02

Mahindra & Mahindra is considering a CKD assembly plant near Durban to strengthen its presence i...

Mahindra & Mahindra Eyes Major Shift to Full Vehicle Assembly in South Africa
03

Four major operators—Mauritel, Mattel, Rimatel, and Chinguitel—submitted a combined bid of ...

Mauritanian Telecom Operators Submit $27 Million Combined Bid for 5G Licenses
04

AFC disbursed €43 million for Côte d’Ivoire solar project Financing supports 66 MW pla...

AFC Backs First Green Project Finance Bond for 66MW Côte d’Ivoire Solar Plant
05

Operators review 2025 investments, outline 2026 expansion plans Consumer complaints persist...

Cameroon Presses Telecom Operators on Service Quality as Complaints Rise
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

regie@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72


EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.