UK government announces two new 'green finance' projects in Africa

The UK government has pledged to deliver green finance across Africa.

Speaking at a conference in Sharm el-Sheikh, Andrew Mitchell, minister of state for international development, said that the government was committed to reforming the international financial system which will help facilitate the green finance required to address issues including poverty and climate change.

The capital comes from the government’s Room To Run guarantee, a £1.45 billion initiative previously announced at COP26 that will finance projects across Africa that seek to help the continent adapt to the impacts caused by climate change.

Mitchell announced the funding package would support two new climate resilient water infrastructure projects in Egypt and Senegal.

The £70 million Egypt project will expand the capacity of a water treatment plant so it can provide clean recycled water to serve 70,000 acres of new arable land.

Funding of around £16 million will support a project in Senegal improve access to clean water and sanitation services for 1.45 million people by building facilities including 13,000 new latrines, five surface water treatment plants and a 70-kilometre sewage network aimed at serving over 250,000 households.

“Countries across Africa are facing some of the most devastating impacts of climate change but historically have received only a small proportion of the green finance available,” Mitchell said. “The UK is committed to changing that through our agenda to reform the International Financial System and support for the African Development Bank’s vital work.”

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