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    African Development Bank (AfDB) pioneered new strategy on Geyser the Multilateral lender announced

    Posted On 08 Jul 2021
    By : New Africa Business News, Staff Correspondent
    Comments: 8

    By Abdul Rahman Bangura–

    Photo Credit: Ecomnews Med

    NEW AFRICA BUSINESS NEWS (NABN) Freetown, Sierra Leone- From a press release, the event was heeded by the Bank’s Acting Vice President for Agriculture, Human and Social Development – Atsuko Toda, and Osward Chanda – Acting Director, Water Development and Sanitation Department. Communicating at the event,
    Toda emphasized the significance of the water policy to the AfDB’s endeavors to enhance the vitalities of Africans. “This new water policy provides a general framework for the African Development Bank Group’s water sector.

    It is established on an intense gratitude of the causal marriage between water security and economic growth,” she announced. Toda let out the policy intends for to increase Africa’s water security and transform its water properties to promote sufferable green and inclusive socio-economic growth and development.

    “The bank is committed to a water-secure Africa where there is the equitable and sustainable use and management of water resources for quality socio-economic transformation,” she added. Climate change-induced water scarcity could cost the Sahel up to 11% of gross domestic product, spur migration, and spark conflict, Toda said. “Water is a key factor in managing risks related to famine, pandemics, migration, inequalities within and among countries, and political instability,” she expanded. Investing in the water sector will also be critical to accomplishing the UN Sustainable Development Goals. Chanda announced the policy concentrates on other topics such as water supply, sanitation, and hygiene – also known as WASH – water for food and water for energy, and trans boundary water management.

     

    For New Africa Business News (NABN) Abdul Rahman Bangura Reports,  Africa Correspondent

    Email: Info@newafricabusinessnews.com

    AFRICA’S MOST READ AND FASTEST GROWING GLOBAL NEWSPAPER – www.newafricabusinessnews.com

    About the Author
    New Africa Business News Staff Correspondent
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    8 Comments

    1. Hassana July 8, 2021 at 1:58 am Reply

      Thank you always for the reports. African Development Bank is doing great job in all regions in the continent. Cairo Egypt. Hassana

      • New Africa Business News, Staff Correspondent July 8, 2021 at 2:07 am Reply

        Thanks for reading, Africa’s fastest growing online newspaper. Please forward http://www.newafricabusinessnews.com

    2. Joseph July 8, 2021 at 2:00 am Reply

      Water is very important and the bank’s leadership on this is good. Kampala in Uganda. Joseph

      • New Africa Business News, Staff Correspondent July 8, 2021 at 2:07 am Reply

        Thanks for reading, Africa’s fastest growing online newspaper. Please forward http://www.newafricabusinessnews.com

    3. Lamine July 8, 2021 at 2:03 am Reply

      In Afrika we don’t want to see water scarcity and that’s what the bank is addressing. EXCELLENT! Lamine in Conakry Guinea

      • New Africa Business News, Staff Correspondent July 8, 2021 at 2:07 am Reply

        Thanks for reading, Africa’s fastest growing online newspaper. Please forward http://www.newafricabusinessnews.com

    4. Kevin July 8, 2021 at 2:05 am Reply

      Love your daily newsletters and thank you. Berlin in Germany. Kevin

      • New Africa Business News, Staff Correspondent July 8, 2021 at 2:06 am Reply

        Thanks for reading, Africa’s fastest growing online newspaper. Please forward http://www.newafricabusinessnews.com

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