Busan bulletin 22 05 2018 English Issue 02 by African Development Bank

@AfDB_Group #AfDBAM2018 afdb.org/am AFRICAN DEVELOPMENT BANK GROUP ANNUAL MEETINGS BULLETIN - MAY 22, 2018

Why Africa must trust and support its youth to creatively drive its industrialization any young Africans are coming up with innovative solutions to the continent’s problems and should be trusted and supported to drive continent’s industrialization, participants at the 2018 Annual Meetings of the African Development Bank heard in Busan.

How to leverage the continent’s youth to accelerate economic prosperity through industrialization was the focus of a session on “Bridging innovation and industry: African youth solving continental challenges.” The President of the African Development Bank, Akinwumi Adesina, set the tone of discussions as by

highlighting how young people across the continent are generating new industries. “Young people are not just the future of Africa, they are the present. They represent entrepreneurship and energy. This must be nurtured, harnessed and scaled-up to propel Africa’s industrial revolution and the Bank is here to harness that,” he said. Badr Idrissi, a young Moroccan industrialist, co-founded ATLAN Space, a start-up that uses artificial intelligence and drone technology to solve some socioeconomic problems. The innovation has helped Morocco to effectively fight illegal fishing.

“They say that artificial intelligence is not meant for Africa. We are here to prove that wrong,” Idrissi told participants at the session.

created thousands of sustainable jobs for people in marginalized communities, in addition to conserving the environment.

Idrissi used his 12 years of international working at Microsoft and Nokia to provide tech solutions, which in turn have created employment for several young Moroccans.

“I was inspired by what I thought was going wrong in my community. Trees were being cut down and plastic waste was all over the place,” Rutto told the session. “It was very scary for me to resign a

IN THIS EDITION

In Kenya, a young banker, Lorna Rutto, quit her job to co-found EcoPost, a social enterprise that has

African Banker Awards preview p. 4

Empowering West Africa’s cocoa producers p. 9

Guest of the Day: Stella Kilonzo, Senior Director, Africa Investment Forum p. 6

In Focus: Desert-to-Power, powering the Sahel through innovative financing p. 10

Tuesday is KOAFEC Day p. 8

To be continued on p. 3

Innovative technologies need to reach African farmers for agricultural transformation to happen or Africa to witness true agricultural transformation, technoloF gies need to reach farmers to

trialization infrastructure for the continent.

enhance productivity. This was part of the outcomes of the Leadership4Agriculture Forum held at the 53rd Annual Meetings of the African Development Bank taking place in Busan, Korea from May 21-25.

Speaking at the session, the President of the African Development Bank, Akinwumi Adesina, said the transformation of the agriculture sector into a US $1-trillion sector remains a key priority of the Bank.

Participants included Ministers and key partners involved in the development of agriculture indus-

“The leadership of agriculture is crucial. We cannot say we have leadership when we still have 65 To be continued on p. 3

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Editorial

Busan: A smart city in a hurry to change the world Busan has 4,000 kilometers of roads that will soon become interactive, urban rail covering 107 square kilometres, 41 shipping container piers, 3,795 wireless zones providing Internet access for all Busan residents, and a technological ecosystem linking the worlds of finance, R&D, academia, and the private sector. The end result is a regional GDP of USD 69.56 billion!

Dr. Victor Oladokun Director, Communication and External Relations

eadership is the ability to anticipate the future and the capacity to bring it into the present. Korea and the city of Busan are proof positive that visionary leadership makes a difference.

Fifty years ago, Korea embarked on a sweeping transformation drive, investing massively in education and infrastructure. Critics scoffed, insisting that these investments were either too ambitious or too cost-prohibitive. Ultimately, dogged determination, fiscal discipline, and a laser focus on the future have irreversibly changed the country’s trajectory and led to the astounding results we see today.

Yet Busan is just warming up for the future. Not content with the status quo, the city is shaping Korea’s future as the world’s leading smart city and accelerating its transition into the 4th Industrial Revolution. Busan is intuitively aware that cities and countries that dominate the 4th revolution (mobile data, value creation through artificial intelligence, cloud storage and analysis, and data collection and distribution through the Internet of Things) will ultimately conquer related industries, including:

• Intelligent transportation systems including traffic/accident information and smart parking • Virtual reality: games, training, education, and sports • Robotics • Drone-enabled emergency and rapid response systems, port monitoring, air and water quality control, and smart farming via thermal imaging • Mobile services: e-banking, mobile rail, e-tax, transit, and fintech to support business startups • Innovation clusters: film and video, finance, marine science tech • Intelligent logistics • ICT-based health care • Urban regeneration • Smart buildings, mist spraying, CO2 emission monitoring If you’re wondering what the future will look like, Busan already provides abundant clues.

Why Africa must trust and support its youth (...) good bank job, but I had to fulfil my ambition as an entrepreneur. That was when I developed the idea that waste was a resource and not a thing to throw away.”

Her business is similar to Edgail Inc., a successful Liberian company that was started by Abigail Urey to turn waste into manufactured goods for export.

EcoPost has so far transformed over 3 million kilograms of plastic waste into plastic lumber, saved over 500 acres of forest and helped mitigate climate change in Kenya.

Urey also presented his business model at the session, together with Zambian Mutoba Ngoma, Chief Executive Officer of Tapera Industries Limited, whose business converts

vegetable oil into biodiesel and soap. Adesina commended the young entrepreneurs for converting challenges into opportunities and urged them to continue representing the industrialization of Africa. “The mass migrations of young people across the Mediterranean is not the Africa we want,” he stressed.

Pro

verb

of t

he D ay

It’s better to light a candle than to curse the darkness. – Ghana

Innovative technologies need to reach African farmers (...) percent of the land in Africa uncultivated. We must develop solutions to agriculture and ensure that the sector can grow,” he said.

We also need to ensure that agricultural extension services are linked to researchers to increase productivity, Nedelcovych said.

The Leadership4Agriculture Forum emphasized the need to enhance the competitiveness of Africa’s agriculture sector and to develop industrial chains required to power the growth of the sector to a world-class industry.

The Bank’s Vice-President for Agriculture, Human and Social Development, Jennifer Blanke, and the Africa Director of the Rockefeller Foundation, Mamadou Biteye, announced the signing of an agreement to establish a permanent secretariat to coordinate groups, organizations and government agencies involved in improving agriculture in Africa. “We have to take action as well as talk. Talk is important, but we also want to take people to task,” Blanke said.

The right agriculture-sector policies, he said, would impact on the processing of raw materials from the agriculture sector.

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Editors Mina Mammeri, Jennifer Patterson, Faïza Ghozali Production Coordinators Chawki Chahed, Solange Kamuanga-Tossou Contributors (in alphabetical order): Seidik Abba, Kennedy Abwao, Cecilia Amaral, Emeka Anuforo, Yuna Choi, Andie Davis, Deborah Glassman, Saori Kodama, Muyiwa Moyela, Ivan Mugisha,

Olivia Ndong-Obiang, Liam Neumann, Felix Njoku, Hyun Young Ryu, Stephen Yeboah Photo Guy-Roland Tayoro, Thierry Gohore, Florentin Nando Digital version Simon Adjatan, Christiane Moulo Design and Layout Yattien-Amiguet L., Justin Kabasele, Guy-Ange Gnabro, Phillipe Mutombo Luhata, Selom Dossou-Yovo © African Development Bank/PCER, May 2018

Busan Bulletin Team

Mima Nedelcovych, President and Chief Executive, Initiative for Global Development, said the African agriculture sector required efforts to improve its competitiveness and called for reforms to ensure that low interest rate lending the agriculture sector.

Executive Editor Dr Victor Oladokun

Daily News

African Banker Awards Highlight the African banking and financial sector Every year, the African Banker Awards Ceremony crowns the major players and achievements of the African banking sector. Since 2012, the African Development Bank has been a partner of the African Banker Awards. The awards are organized by African Bankers magazine, which specializes in the banking and financial sector in Africa. The annual award ceremony always takes place on the edges of the Bank’s Annual Meetings. The annual ceremony was held this evening at the Paradise Hotel in Busan. (see program). A jury of experts from the banking sector in Africa – bankers, financiers, and business leaders – reviewed nominations in each of the 18 award categories. This year’s jurors were selected from among the candidates after vetting by the African Bankers magazine editorial committee. The six jurors include Zemedeneh Negatu, Chairman of the capital investment fund based in Washington, Fairfax

Africa Fund, LLC; Tom Minney, head and founder of the financial analyst, African Growth Partners and author of African Capital Markets News blog; Koosum Kalayan, Chairman of EdgoMerap based in London; Jean-Louis Ekra, former chairman of Afreximbank; Christopher Hartland-Peel, Director of the financial analyst Hartland-Peel Africa Equity Research, and Alain Le Noir, founder of the Club des dirigeants de banques et établissements de crédit d’Afrique.

Nicholas Norbrook, Managing Editor of The Africa Report magazine, asking President Akinwumi Adesina a question during the media breakfast session.

The AfDB’s Executive Director from Malawi, Patrick Francis Zimpita.

The awards recognize “the champions that Africa needs, they reflect the new generation of Africans and serve as examples and models for the continent’s future managers”, points out Omar Ben Yedder, Director of IC Publications Group, which publishes African Banker. “It has become the best-known award ceremony in the African banking sector”. Find out more: https://am.afdb.org/en/theafrica-of-my-dreams-writing-co ntest

badge cans his

s Adesina inwumi ue. k n A e t v n e s g sid tin Bank Pre the Annual Mee o, to Bexc

African Banker Award Ceremony Program 18 :00 19 :15 19:30 19 :40

Reception Cocktail Doors Open Welcome Remarks First Series of Awards Most Socially Responsible Bank of the Year Financial Inclusion Equity Deal of the Year Debt Deal of the Year Infrastructure Deal of the Year Finance Minister of the Year Lifetime Achievement Award

20:30 21:45

22:30

Dinner and Entertainment 2nd Set of Awards Innovation in Banking Best Retail Bank in Africa Best Regional Bank in Africa Investment Bank of the Year Central Bank Governor of the Year African Banker of the Year African Bank of the Year Closing Remarks and Expression of Thanks

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Several participants check event updates on their phones, thanks to the Bank’s Annual Meetings App.

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Hassatou N'sele, African President Adesina and Governor of Ghana Kenneth Development Bank's Ofori-Atta and ghanean delegation. Vice-President in charge of Finance.

Participants arrive at the check-in desk for registration and tags.

ion, s s e s h t ul you f s s e c c eeds. u n s a a c i : r f s allenge initiative that A h c o t d respon novation and h t u o y of in t i African r i p s e g th capturin

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Brian Bying Hwi Yoo, a young Korean winner of the "Better Africa" ideas contest, receives first prize from the Bank's Senior Vice-President, Charles Boamah.

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Guest

of the day

Through the Africa Investment Forum, the African Development Bank is taking a new approach by offering a multi-stakeholder and multi-disciplinary platform that promotes collaborative leadership for Africa’s social and economic development. Stella Kilonzo, Senior Director of the Forum, talks about the innovative nature of the Forum, the development challenges facing the continent and a strong turnout at the inaugural meeting in November, 2018, in Johannesburg, South Africa.

Stella Kilonzo, Senior Director, Africa Investment Forum.

What is the objective of the Africa Investment Forum? he Africa Investment Forum is a multi-stakeholder, multi-disciplinary platform dedicated to advancing projects to bankable stages, raising capital, and accelerating the financial closure of deals.

The goal is to enable African economies to effectively leverage the opportunities created by economic growth on the continent by bridging the gap between available capital and bankable projects, and leveraging strategic alliances and partnerships. The Initiative will help remove common obstacles to finance, especially those created by the false perception that investment in Africa is somehow more risky than comparable investments elsewhere. The Africa Investment Forum is Africa’s investment marketplace. The Bank and its many partners are sourcing, screening and credit- enhancing deals through it, attracting co-investors, and facilitating transactions to close Africa’s investment gaps. This investment marketplace will reduce intermediation costs, improve the quality of project information and documentation, and increase active, productive engagements between African governments and the private sector. Essentially, the African Investment Forum offers investors access to a structured platform offering a suite of bankable, derisked projects within an enabling environment. Who are the key partners? Our partners are development finance institutions, regional development banks, commercial banks, institutional investors, project sponsors, financial in-

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It will be all about transactions and getting them nearer to financial closure. An important aspect will be the follow-up mechanism put in place by the team and the implementation of an investment tracker to follow all deals that are going to be on the platform. To develop this digital platform, the Africa Investment Forum is partnering with other institutions to connect investors with deals on the continent.

termediaries such as fund managers, investment banks, foundations, family offices, and governments that want to see a prosperous Africa. Africa-based development finance institutions such as Africa Finance Corporation, African Export-Import Bank, the Development Bank of Southern Africa, Trade and Development Bank, and Africa50, have endorsed the marketplace. We are in advanced talks with the International Finance Corporation, the European Bank of Reconstruction and Development, the Inter-American Development Bank, the European Investment Bank, the World Economic Forum’s Sustainable Development Investment Partnership and the East Africa Trade and Investment Hub to partner with them around pipeline development, project preparation, and the development of a digital platform for connecting investors and projects.

The key distinguishing feature of this unique African marketplace platform will be its ability to mobilize private sector and policy interests to crowd-in identified curated investments in and into Africa. It will be a demonstration that will boost the confidence of African and international investors alike by profiling and closing transformational projects in strategic sectors in several African countries. How much investment is the Bank targeting to attract to Africa via the Forum?

Select private sector captains of industry continentally and globally are resoundingly supportive of this flagship initiative. We are working closely with business associations such as Initiative for Global Development and Corporate Council for Africa that are helping to promote the African Investment Forum.

To put an exact number on this requires an estimation of capital available in areas of surplus and also the constraints to moving this capital to areas of need and impact within Africa. The Africa Investment Forum’s aims are to tilt the balance of globally available capital towards Africa’s critical sectors and attract a fraction of the USD 500 billion in net assets from African institutional investors and the USD 84.9 trillion in global assets under management.

What makes the Forum unique? The Africa Investment Forum provides the best opportunity to date to change the rules of the game to encourage accelerated economic transformation in Africa. There will be no unnecessary speeches at the event sessions will primarily be organized around boardroom style discussions focusing on specific transactions. The Africa Investment Forum primarily aims to actively engage the private sector and facilitate investments in transformative projects across key sectors of strategic interest within Africa.

FOR MORE INFORMATION www.africainvestmentforum.com aif@afdb.org #AfricaInvestmentForum

AFRICA'S INVESTMENT MARKET PLACE

Johannesburg, South Africa #AfricaInvestmentForum

AFRICAN DEVELOPMENT BANK GROUP GROUPE DE LA BANQUE AFRICAINE DE DÉVELOPPEMENT Busan Bulletin printed on recycled

paper - May 22, 2018

Daily News

KoAFeC day

TUESDAY IS Moses Vilakat representing Minister of Agriculture, Swaziland Why should Switzerland produce the best chocolate when cocoa is produced in Africa? Why should diamonds be produced in Switzerland when they are produced in Africa? So, industrialization is the key to whatever we do.

One longstanding feature of the African Development Bank’s cooperation with Korea is the Korea-Africa Economic Cooperation (KOAFEC) Ministerial Conference. A biennial gathering of Ministers and delegations from Africa and Korea, the conference welcomes representatives from governmental organizations, private sector, academia and the media.

Issa Doubragne, Chad My country gives me hope. My vision for Africa is nothing if not optimistic. Otherwise, I am closing the door behind me to the young people coming behind.

Kenneth Ofori-Atta, Ghana In Ghana, about 40 percent of our population is between 15 and 35 years old – a core group that could yield either a demographic dividend or a demographic disaster. Our challenge is to navigate toward success through appropriate skills and decent jobs.

Mohamed Osman S. Elrekabi, Sudan We must be mindful that IT and technology in general is one of the most important areas that has helped develop the Korean economy and some other economies. We must therefore give special consideration to IT and develop our industries.

aunched in 2006 by the Korean Ministry of Strategy and Finance, the African Development Bank Group, and the Export-Import Bank of Korea, the meeting serves as a platform for promoting mutually beneficial partnership between Africa and Korea. It focuses on infrastructure, agriculture, human development, ICT, sharing Korea’s development experience, and green growth partnerships.

At the last KOAFEC Conference in 2016, the Government of Korea announced its long-term plan to create a US $10 billion financial package to support Africa’s socioeconomic development through official development assistance (ODA). The 2018 KOAFEC Conference will be held in conjunction with the 53rd African Development Bank Annual Meetings in Busan, Korea, around the theme,“Africa and the Fourth Industrial Revolution: Opportunities for leapfrogging?” In fact, Tuesday, May 22, “KOAFEC Day”, is almost exclusively centered around KOAFEC activities. On the agenda

Abderrahmane Raouya, Algeria For Algeria, every one of the High 5s is a priority in our programme, and we have achieved nearly all of them. Great efforts are being made in Algeria. Ninety-eight percent of the country has access to electricity and natural gas.

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• KOAFEC Ministerial Roundtable: The largest inter-governmental gathering of Ministers from African countries, African delegations, and international organizations meets to discuss high-level policy dialogue on KoreaAfrica cooperation. • KOAFEC Night.

motes interactive communication to further mutual understanding between participants and Africa. • KOAFEC Public-Private Partnership Forum (Thursday, May 24, 10:45am12:45pm) brings business and government representatives from Korea and Africa to the table for an exchange of views. Towards a shared economic prosperit The Republic of Korea’s bilateral grant resources are housed within the KOAFEC Trust Fund at the Bank, and have funded activities centered on infrastructure and sustainable natural resources development; information and communications technology; human resources development; knowledge sharing on Korea’s development experience; agriculture development; and green growth. These priorities are well aligned to both the Bank Group’s strategic areas of intervention as well as to the Korean government’s broad development assistance goals, making the collaboration a natural and mutually beneficial one for both parties. Moreover, these KOAFEC Trust Fund priorities are linked to the Sustainable Development Goals, global climate change commitments, and the Agenda 2063 for Africa, giving them added relevance.

Two KOAFEC events are open to the public:

There has been a steady replenishment of the KOAFEC Trust Fund since its creation in 2007. Today it stands at US $75 million with a portfolio containing over 100 ongoing activities and nearly 60 completed activities.

• KOAFEC Development Indaba (Tuesday, May 22, 5-6:30pm) pro-

For more information, visit: http://www.koafec-conference.org/

Industrialization C

hances are, the last cocoa product you ate, drank, smelled, washed in or rubbed on has a connection to West Africa. No other region comes to mind more than West Africa when one speaks of cocoa, from which chocolate, cocoa butter, cocoa cosmetics, cocoa powder, drinks and dozens of other products are derived. Côte d’Ivoire and Ghana are world’s top cocoa producers, supplying 65 percent of the global cocao market.

Empowering West Africa’s cocoa producers to determine their own way forward Atsuko Toda, Director for Agricultural Finance and Rural Development

Cocoa is one of the most important cash crops for Côte d’Ivoire and Ghana in terms of its contribution to GDP, foreign exchange earnings, rural income and tax revenue. In Côte d’Ivoire, cocoa accounts for 25 percent of exports and 20 percent of GDP. Cocoa is harvested on around 2.5 million hectares of land – that represents more than half of the country’s cultivated soil. Côte d’Ivoire’s cocoa sector employs approximately 900,000 farmers, with an estimated 4 million Ivoirians deriving their livelihoods from the crop, in part, for their livelihood, according to the Global Agriculture and Food Security Program. In Ghana, the cocoa trade supports 3.2 million people and 12 percent of GDP.

The cocoa sector’s growth trajectory has significant impact on Côte d’Ivoire and Ghana’s overall growth, macroeconomic performance and poverty reduction. But this African commodity market isn’t close to its full potential. Despite increasing volume of supply from the two countries and growing global demand, Côte d’Ivoire and Ghana endure falling cocoa prices and decreasing export earnings. The governments of Côte d’Ivoire and Ghana are now asking fundamental questions about the status quo of cocoa policies, market structure and

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institutional arrangements. As the two countries have a significant global market share in cocoa, they are looking to collaborate to prevent deterioration in their terms of trade and to exercise their potential market power.

provide institutional support to find solutions, new markets, value addition, and technologies, as well as agree upon regional and local public goods needed to enhance the global competitiveness of cocoa processing.

Strengthening the cocoa sector in these two countries is central to the transformation agenda. There is a need for dialogue to move toward implementation of collaborative solutions and real linkages for impact. At the African Development Bank, we are deeply committed to leading the way in enabling the realization of a transformational change in this sector.

The stakes from regional collaboration are high, and there are many factors at play, such as the ability to evolve actual or potential cocoa production capacity, to evolve cocoa bean quality – and evolve at market price West African beans can command, to name a few. The evolution of Africa’s cocoa trade depends on the willingness of Côte d’Ivoire, Ghana, and Africa more generally, to harmonize policies that affect export, local processing and marketing. The African Development Bank stands ready to support African cocoa-producing nations to determine their own path forward in the global cocoa market.

Under its Feed Africa strategy, the Bank recognises cocoa as a priority commodity and identified a number of activities for its support. Considering Africa’s substantial global market share, the African Development Bank aims to

desert-to-Power Powering the Sahel through innovative financing ut of a total population of 15 million, as many as 13 million Chadians lack access to power, in a country with an installed capacity of 123 Megawatts (MW). In Niger, with a population of 21 million, 16 million lack access to power. Burkina Faso’s installed capacity is 285 MW, but 3 million households lack power.

Despite rich solar and hydro potential, Sahel countries fall far short of meeting their electricity needs. The Sahel could, with solar power, a combination of energy solutions for households, water pumping for livestock, irrigation, agricultural value chains and resilience to climate change, be transformed into a productive, green region. The Desert to Power Initiative (DtP) envisions just this. DtP aims to transform the Sahel region by developing and implementing 10 GW of solar PV by 2025 through a combination of public, private, on and off-grid projects. Reliable energy could transform the economy by boosting agriculture, which is critical to a region of over 20 million food-insecure people and nearly six million malnourished children. DtP takes several approaches, including project development funding and blended finance for selected sponsors, a combination of energy and agriculture projects, concessional funding to public power utilities to reinforce the grid, and the replication of successful independent power producer approaches. These approaches are not without their challenges. Institutional capacity to develop projects is constrained, and in many countries the grid cannot absorb more solar power. In addition, offtake risk is perceived as high in most Sahel countries. These constraints could not only limit the potential deployment of more solar-based generation, but also lead to years of incubation before the solar projects reach financial closure – affecting risk perception and raising costs.

mini-grids for 150,000 households, technical assistance/capacity building to be provided by Masen. The program has an estimated cost of US $250 million to be financed by ADF/Bank (US $50 million), AFD (US $40 million), EU (US $20 million) and GCF (US $140 million). Bank Board approval is scheduled for November 2018.

If no access to energy is provided in the Sahel and Sahara Region, the Great Green Wall will become a charcoaI wall ready to be burned. I want Africa to turn its sun into power.” – Akinwumi Adesina, African Development Bank President

Great Green Wall This project involves support to the Mauritanian component of the pan-African Agency of the Great Green Wall on Structuring Restoration, Development and Migration for Resilience in the Sahel) project. It includes components on the development and promotion of renewable energy as well as concerted management of transboundary natural resources. Total project costs are an estimated €25 million, to be financed under the next African Development Fund 15 cycle, along with climate funds resources.

hance creditworthiness, and receive transaction advisory services. In addition, it will mobilize €250 million of concessional resources from various trust funds, donors and climate funds to blend with Bank resources to provide competitively priced debt and guarantee instruments for IPPs.

National Banks and Insurance Funding This is a 21 MW solar PV power plant in Mauritania, initiated by four national banks and an insurance company. The production would be sold to SOMELEC (the power utility), which will sell it to Société Nationale Industrielle Minière.

Off-grid solutions via solar home systems, minigrids, and commercial and industrial captive power projects. These solutions will make use of pay-asyou-go technologies to provide access to 90 million people in synergy with agriculture programs.

Rural electrification project for 100 localities Initiated by the French/British developer Winch Energy, this project aims to install mini-grids in 100 localities to provide access to electricity and Internet to 10,000 households. The Bank is in discussion with Winch Energy to structure the project and increase its size.

Examples of DtP activities Burkina Faso’s Yeleen Solar Program: First DtP Program Project components include on-grid solar PV and access for 235,000 households, solar home systems/

DtP is to starting to address these issues by providing financing to Sahel countries and selected developers. On-grid generation through power utilities and IPPs to connect 160 million households: DtP provides technical assistance to countries implementing solar projects and sets up financing that gives private sponsors visibility and incentives to promote local content. The Bank will partner with Africa50 to raise €50 million for project development through multiple phases from climate funds (GEF and GCF) and other trust funds (SEFA, Canada) to be deployed by select project developers in the region. These could generate up to €4 billion worth of projects.

In focu

DtP will also make available €2 billion over the period for country-level solar programs led by state-owned power utilities to upgrade power grids, en-

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Making a difference

WATER FOR A BETTER LIFE IN MOZAMBIQUE

Alfred Serafine Junior, Technical Assistant

To give you an actual figure, in 2015 we had only two cases of cholera in the region. This figure is significantly lower than that of previous years and shows that the population now has access to clean drinking water.

“the situation was really difficult for us,” explains Maria, a 56-year-old housewife who used to get up every day at 6 am to carry eight-litre buckets of water for two kilometres, three times a day. Now, Maria’s life and that of 250,000 people in the towns of Cumba and Lichinga in Mozambique have changed thanks to a us $27.7-million investment that has provided better access to drinking water. Modernized water supplies and sanitation services mean that better quality water is available. Now 150,000 people have direct access to running water and at a rate 12 times cheaper than before.

chools and health centres were the first to benefit from the new, improved access to water and hygiene. Health impacts include a 30% drop in the incidences of diarrhea, dysentery and cholera as well as lower maternal mortality and infant mortality rates. The project also positively impacted the quality of life and local industry. The Bank played the role of lead donor and revealed great complementarity among donors and partners – the World Bank, Japan International Cooperation Agency and the Netherlands – in the urban water sector.

The African Development Bank provided an African Development Fund loan of US $27.7 million to rehabilitate and expand the water and sanitation infrastructure in Cuamba and Lichinga in northern Mozambique. This is benefiting more than 250,000 people.

It could take up to an hour to walk to the public water point on very rough roads that were difficult to navigate. Lack of water had dramatic consequences for our village. Now that we have access to water, everything has changed. I’m able to wash the clothes and bathe the children. It is easier to do the dishes, the housework, and clean the school. It has brought us so many advantages and has made me very happy.

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Maria Semoko, 58, Housewife

AGeNdA

the day

07:30-09:00 9:00 11:30 13:30 17:00 17:10 19:30 18:00-24:00

Breakfast Session: Improving Domestic Resource Mobilisation to Finance Industrialisation KOAFEC Consultative Group Annual Meeting KOAFEC Luncheon KOAFEC Ministerial Roundtable KOAFEC Development Indaba KOAFEC Press Conference KOAFEC Night African Bankers’ Awards (by invitation)

More info: https://am.afdb.org/en/programme

Discover Busan

Suyeong-Gu: Shopping day! The Shinsegae Centum City Department Store, located near the Annual Meetings venue, is the largest shopping complex in the world! In addition to the shopping centre, there are dry-cleaning services, a beauty salon, studio, spa, ice rink, Sky Park, and cinema. It also offers various lunch options. Whoo and Kwangujo are must-visit stores. The History of Whoo is a top-of the-line cosmetics brand from LG offering skin care and make up products made with six Oriental medical herbs. Kwangjuyo offers unique handcrafts inspired by the spirit of the Kwangju Government Kiln, the former ceramic supplier to the royal families. Busan Cinema Center located in Centum City has three exclusive theaters, an outdoor stage, BIFF Hill and Cinemountain. Did you know that the Korea is a cinema paradise? The center offers a tour and film-related lectures. After a long day of shopping, relax and have dinner at Gwangalli Beach with its view of the Diamond Bridge!

Korean Proverb of the Day 가재는 게 편 Literal Translation: The crayfish sides with the crab. Meaning: Birds of a feather flock together.

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