Media Advisory
To : All News/Syndication Editors
When : December 18,2012
Time : 15:00 – 16:00
Venue : SADC Headquarters, Central Business District,Gaborone
Event : Signing of the Agreement On A Regional Fund For Water and Basic Sanitation by SADC,KfW and DBSA
What : You are cordially invited to a signing from 15h00 to 16h00 on December 18, 2012 at SADC Headquarters in Gaborone, Botswana by H.E. SADC Executive Secretary, Dr Tomaz Augusto Salomão and representatives of the German Development Bank (KfW) and the Development Bank of Southern Africa (DBSA), of an agreement on establishing a Regional Fund for Water and Basic Sanitation. H.E. Ms Annett Günther, the German Ambassador to Botswana and SADC will be officiating.
Background : SADC Member States are still facing huge investment challenges in water supply and sanitation. Although there are a number of funding mechanisms available, they are not easily accessible to SADC Member States. SADC and KfW have now agreed on establishing a Regional Fund for Water and Basic Sanitation. The new Fund will be financed with an initial grant contribution of €10 million (Ten Million Euro) by the Government of the Federal Republic of Germany and managed by the Development Bank of Southern Africa (DBSA). It will provide financing for actual investment in water and sanitation projects.
Already during the process of preparing the Fund, the German Development Cooperation (GIZ) has supported SADC in developing projects to be proposed to the new Fund. Therefore, expectations are high that soon after the inception period, first projects can be selected for financing. The major criteria for project selection will be the regional impact and relevance for poverty reduction.
We would be honoured by your presence, please confirm your attendance with us as soon as possible to allow us enough time for planning purposes.
Refreshments will be served.
Issued By: Public Relations Unit
December 14, 2012
