The notion that Africa has bankable water project was given a boost during the African Union-AIP investment Summit kicked off at the Cape Town International Convention Centre in Cape Town.
Themed ”Solidarity, Equality and Sustainability” the groundbreaking first of its kind water investment summit is aimed to support the implementation of the Continental Africa Water Investment Programme focusing on mobilising financial commitments to address. The summit was further aimed to improve access to finance of and sanitation projects, strengthening governance in the water sector and showcase bankable projects. During the investment summit delegates presented close to 80 packaged infrastructure projects to potential investors from 38 African Countries, participated in high-level dialogues, engage in project matchmaking sessions, and contribute to a Declaration on Water Investments that will influence both continental and global development agendas-including preparations for the 2026 UN Water Conference. Water and Sanitation Minister, Pemmy Majodina has expressed her satisfaction on the commitments made following a three-day inaugural African Union-Africa Water Investment Programme (AIP) Water Investment Summit which was opened by President Cyril Ramaphosa. More than 10 billion has been raised in the last three days of the summit and is confident that more will be achieved. The African continent’s economic development and community well-being depend heavily on water security. A presentation of packaged projects during the water investment showed that Africa has financially viable projects that are attractive to investors. The projects are bankable as they have:
- Sustainable long returns
- Supports water security, sanitation and community development
- To accommodate the growing social economic demands.
Malusi Rayi, Communication DWS Western Cape
