African Development Bank and Africa Growing Together Fund commit $124.4 million to improve sanitation in Angola’s coastal towns

June 8, 2023 AELEX Admin 0 Comments

The Board of Directors of the African Development Bank Group has approved a $75 million loan to Angola to finance the first phase of the country’s Coastal Towns Inclusive Sanitation Project. The Africa Growing Together Fund (AGTF), sponsored by China and administered by the Bank, has also approved $49.4 million to co-finance the project. The funds will help Angola to improve access to climate-resilient and sustainable sanitation services in the coastal towns of Benguela, Baía Farta, Catumbela, and Lobito, with a combined population of 1.4 million.Read more

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