The government of Norway has committed 45 million kroner (US$8.1 million) to an African infrastructure fund, including energy and water resources programs, sponsored by the New Partnership for Africa’s Development (NEPAD) initiative.
The African Development Bank said February 5 that the money will go to NEPAD’s Infrastructure Project Preparation Facility (NEPAD-IPPF) for the period 2007-2009. The NEPAD-IPPF Special Fund, a program currently financed by Canada and Denmark, assists regional infrastructure development institutions to prepare regional infrastructure projects in energy, trans-boundary water resources management, transportation, and information and communications technology.
In 2007, the fund mobilized US$22.5 million. It expects contributions of 6 million pounds (US$11.76 million) from the United Kingdom and 2 million euros (US$2.9 million) from Germany.
Activities eligible for financing are advisory services, studies, technical assistance, workshops, seminars, and other activities of an advisory, technical, or operational nature.
African finance and energy ministers last year agreed to strengthen regional economic communities and NEPAD for such projects, including the Inga hydroelectric complex in the Democratic Republic of Congo. (HNN 6/5/07)