Water, water everywhere? Investors eye Africa’s water sector
SETH ONYANGO, BIRD STORY AGENCY INVESTORS are diving into Africa's water sector, with Metito Utilities Limited (MUL) and British International Investment (BII) being the latest to announce their entry into the market. The UK's development finance institution and the multinational utility firm have unveiled the Africa Water Infrastructure Development (AWID) venture that will develop climate-smart water projects at scale and increase water security across the continent. AWID's innovative approach to water infrastructure and provision in Africa is expected to set a sustainable commercial model, boosting long-term investment in the sector. The platform will incorporate cutting-edge green technologies and alternative energy…