Arab Finance: Metito Utilities Limited, a global investor and operator of water and alternative energy assets, has partnered with the British International Investment (BII), the UK’s development finance institution, to launch a new investment platform to implement climate-smart water management and water security projects in Africa, according to an emailed release on March 12^th.

Dubbed as Africa Water Infrastructure Development (AWID), the new platform is the first of its kind in the region.

AWID aims to develop a commercial model for Africa’s water infrastructure and boost related long-term projects as well as merging eco-friendly technologies and alternative energy sources to reduce the eco-footprint.

It will also finance water treatment plants and establish world-class facilities to ensure water security and sustainability, especially in the most vulnerable countries to climate change impacts.

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