-
The Minister of Water and Sanitation, Pemmy Majodina
The inaugural three-day water investment summit in Cape Town has managed to get annual investments of betwt een $10b and $12b. The African Union AIP (Continental Africa Water Investment Programme) Water Investment Summit is aimed at attracting investment to address water scarcity on the continent as well as putting measures in place to ensure water security in the face of global warming.
The continent has a annual finance gap of US $30b when in comes to water investment.
The summit brought governments, investors and businesses from all over the continent and abroad, to discuss ways to make serious investment in water. And, it was highly successful, says Moses Vilakati from the African Union Commission on Agriculture, Rural Development and Sustainable Environment.
“Africa showcased 80 priority water projects from 38 different countries, which attracted an investment projection of between $10 and $12 per year, through public/private participation,” adds Vilakati.
He says it is likely that the amounts will still increase.
“These projected figures don’t include pledges that will be consolidated in 2 weeks, a portal opened to enable more pledges. so in 2 weeks time, this figure will be higher than what talking about today,”
The Minister of Water and Sanitation, Pemmy Majodina, says governance, finance capacity and data gaps in the water sector have been identified as challenges that need to be addressed going forward.
“We are making a call to all gov to help level the playing field, in order to attract investors, investors cant invest where political instability, don’t want to invest in a country where there is no political will,” says Majodina.
RELATED VIDEO | AU-AIP Water Investment Summit 2025 | Minister Pemmy Majodina on the importance of the summit
