EAC In $108 Million Deal With AfDB To Fund Water, Sanitation Plans

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KAMPALA, Uganda -(Dow Jones)- The East African Community has signed a grant protocol deal worth $108 million with the African Development Bank on financing a number of projects in the Lake Victoria Water and Sanitation Program, the EAC secretariat announced late Monday.

Under the program, projects aimed at improving sustainable water supply and sanitation infrastructure will be funded to address the pollution in Lake Victoria, Africa's largest fresh-water lake, the EAC said in a joint communique with the AfDB.

"The Protocol for the Sustainable Development of the Lake Victoria Basin tasks the Commission's Secretariat to mobilize resources for the implementation of sustainable development projects and programs," the EAC said.

"The African Development Fund is contributing $108 million while the five partner states will be contributing $13 million," it added.

The projects will be implemented in at least 15 towns in the EAC member states of Kenyan, Uganda, Rwanda, Burundi and Tanzania.

According to the EAC, the initiative seeks to develop the right balance between investments in water and sanitation infrastructure.

The AfDB officer in charge of the Kenya Field Office, James Opio-Omoding, was quoted as saying that the deal offers a unique opportunity for the five EAC partner states to strengthen their cooperation and sharing of experiences in safe water supplies and improved sanitation.

Source: nasdaq.com