Metito Utilities Limited (MUL), a global investor and operator of water, wastewater, and alternative energy management solutions, and British International Investment (BII), the UK’s development finance institution and impact investor, announced the launch of their new company Africa Water Infrastructure Development (AWID).
The platform will develop climate smart water projects at scale and to increase water security across Africa.
AWID is an investment platform that will demonstrate a viable commercial model for water infrastructure and provision in Africa, helping to mobilise long-term investment into the sector. Its investments will integrate green technologies and alternative energy components which will help to reduce the environmental footprint of water infrastructure projects.
AWID will finance water and wastewater management treatment plants as well as develop and construct world-class facilities that will help to increase access to sustainable, safe and reliable water with a clear focus on countries that are most vulnerable to the climate crisis.
“As Africa undergoes rapid urbanisation, there is a pressing demand for water infrastructure. Such projects are
particularly capital intensive. An increasing funding gap requires mobilising sustainable investments into the
sector. Our partnership with BII will leverage our high-value engineering and use of innovative technologies
with access to unrivalled financial resources and support,” Commenting on the new partnership, Rami Ghandour, Managing Director of Metito, said.
AWID will help to contribute to the UN’s Sustainable Goals (SDG 3) on Good Health and Well-being, (SDG5)
on Gender Equality, (SDG 6) on Clean Water and Sanitation and (SG13) on Climate Action.
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