In recent years, WaterWorX has established various partnerships, in which agreements have been laid down in a Memorandum of Understanding (MoU). Water Finance Facility and WaterWorX have recently signed a MoU to engage in cooperation in Kenya in the field of investments.The purpose of the collaboration is to support Kenyan water and sanitation utilities in becoming bankable and to mobilize long term commercial finance for the implementation of infrastructure investment projects as well as other operational improvement projects by those utilities. This collaboration will be implemented from July 2020 and for a period of 18 months, with the intention of extending it.
The collaboration will promote policy and regulations that encourage water utilities to function more effectively. Moreover, the partnership will coordinate the support to the Nakuru urban water utility NAWASSCO, which is a WaterWorX WOP together with KPWF, and to HOMAWASCO, also a WaterWorX WOP in Homa Bay.
Both partners believe that by working together in Water Operator Partnerships (WOPs), water utilities can improve operational, maintenance, financial and administrative processes, while looking towards the new waves of cooperation and creating the environment necessary for sustainable utilities to prosper.
On the one hand, in doing so, the continued strength of WaterWorX stands out in building and strengthening the capacity of local counterparts to make lasting improvements that increase access to sustainable water services and generate viable pro-poor investment propositions. On the other hand, Water Finance Facility target is to help local water utilities develop financeable projects and obtain access to financing, providing approximately 20 million people with sustainable access to safe water and adequate sanitation services.
To achieve Sustainable Development Goal 6, access to water and sanitation for all, partnerships are crucial.
