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“Rain does not fall on a roof alone.” An African proverb.

The changing climate has an equal impact on every country and sector. It has risks and opportunities at the same time, and the financial sector is not immune to these risks and opportunities.

The President of Mozambique, Filipe Nyusi, inaugurated a new water treatment plant in Moamba District, Maputo Province on Wednesday.

The 220 million U.S. dollar project is expected to benefit approximately 650,000 people in the Maputo region. The new plant will create approximately 100,000 new connections, which may result in more affordable water prices and help the country alleviate water shortages.

In recent years, many African cities have had to take measures to solve the problem of water shortages.

The historic shortage of Cape Town in 2018 is still fresh in our memory. The South African authorities narrowly avoided disaster by rationing drinking water to 50 liters per day for each resident in a city that consumes a lot of water.

n outdoors or playing in the hot months). In addition, drinking water can help people of any age maintain a stable body temperature, lubricate joints and protect tissues. And because it is a zero-calorie, sugar-free beverage, it will not spoil a child’s taste preferences, so it can almost be said to be a complete victory.

The Board of Directors of the African Development Bank Group has approved a new water policy that prioritizes water security and the conversion of water assets in order to promote the sustainable and inclusive economic growth of regional member countries.

Since 2010, the African Development Bank has invested approximately US$6.2 billion in water supply and sanitation service delivery.

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