EIB proposes investment in water fund

The European Investment Bank has disclosed a proposed investment of €10 million in the Water Access Acceleration Fund (W2AF), managed by Incofin Investment Management.

The fund will invest in decentralised water supply systems and technologies, targeting countries in Africa and Asia with high incidences of water access inequality.

W2AF will provide equity and quasi-equity investments in companies which work along the water value chain to enable and accelerate access to safe and affordable drinking water in developing countries primarily in Asia (South and South-East) and sub-Saharan Africa.