Browsing: Water infrastructure

Water Infrastructure Green Bond
  • This project is expected to improve and increase water supply from 96 per cent to 100 per cent in Tanga City.
  • The government of Tanzania adopted the Alternative Project Financing (APF) strategy in 2021
  • Mark Napier, CEO of FSD Africa, commended the collaborative effort behind the Tanga UWASA Green Bond.

The first ever Sub-national Water Infrastructure Green Bond in East Africa, worth $20.8 million, has been issued by Tanga Urban Water Supply and Sanitation Authority (Tanga UWASA), an autonomous water utility.

This landmark transaction would fund the expansion and improvement of sustainable water supply infrastructure and environmental conservation within Tanga City and nearby townships. The 10-year project revenue bond listed at the Dar es Salaam Stock Exchange (DSE) offers an attractive interest rate of 13.5 per cent per annum to be paid semiannually.

The government of Tanzania adopted the Alternative Project Financing (APF) strategy in 2021 because of the need …

A public water source in one part of Africa. The continent needs to invest at least US$35 billion every year to stem water scarcity challenges.

Data from the United Nations Environment Programme (UNEP) shows that Africa will have an acute water shortage in 25 of the 55 countries on the African continent by 2025. The data warns that these countries will record water levels below 1,700 cubic meters per capita per year.

Sub-Saharan Africa (SSA) is home to 50 per cent of the world’s entire population that does not have access to clean water. The water crisis is prevalent. For a better perspective, out of the two billion people living in water insecure, about 1 billion of these are in the SSA countries plagued by water problems. Again, the numbers translate to every 1 in 8 people lacking water on the planet on a daily basis…