Open source water and sanitation development venture Akvo has secured €535,000 in grant investments. A group of eight investors led by Netherlands Water Partnership (NWP), Partners for Water and UN-HABITAT has agreed to finance Akvo at Unicef Netherlands’ World Water Day matchmaking event held in Rotterdam on 18 March 2008.
The investment, comprising €425,000 of cash grants and €110,000 of in-kind support, will enable Akvo to develop its core product, extend its global network and complete arrangements for a further €1m loan. This is the second funding round for Akvo which was created in autumn 2006 and grew with €212,000 of seed investment from NWP and Partners for Water. New investors include Aqua 4 All, ASN Bank, IRC International Water and Sanitation Centre, NEDAP, Union of Waterboards and Simavi. In March 2008, Akvo also signed agreements with implementation partners in the developing world to support over 75 projects in 2008.
Read more: Akvo, 18 Mar 2008
Stockholm, March 19, 2008 – Professor John Anthony Allan from King’s College London and the School of Oriental and African Studies has been named the 2008 Stockholm Water Prize Laureate. Professor Allan pioneered the development of key concepts in the understanding and communication of water issues and how they are linked to agriculture, climate change, economics and politics.
The process of nomination and selection of the new Executive Director for CINARA has been completed in the 2nd week of February 2008. Outgoing Director, Mr. Edgar Quiroga was replaced by Mr. Jorge Latorre effective March 1, 2008.