According to the statement, the funding will support the preparation of water and sanitation investment projects in Africa.
It said this would be done through the provision of grants and technical assistance to African countries and regional economic communities.
The AWF, an initiative of the African Ministers Council on Water (AMCOW), is hosted by the AfDB.
It is the only African project preparation facility solely focused on addressing water and sanitation issues in Africa.
It helps African countries achieve the objectives and targets set by the water-related Sustainable Development Goals and African Water Vision 2025.
And it does this by the preparation of innovative water and sanitation projects across the continent.
It said access to water and sanitation in Sub-Saharan Africa remains poor.
”’Approximately 400 million people lack basic water supply services, while over 700 million people have no access to decent sanitation.
” Nearly 200 million people still practice open defecation, and 750 million people have no access to hygiene.
” Achieving water security and sanitation for all requires large-scale investment in water supply and sanitation, improved governance of water resources and operations, and the design of climate-resilient infrastructure.”
The AfDB explained that since inception, the facility provided 205 million euros in grant funding for water and sanitation projects in Africa.
It said it had also enabled over 1.7 billion euros in downstream investment in the water and sanitation
