Africazine:
Africa is poised for a transformative leap in water investment as financial closures for key projects are urged.
Dr. Jakaya Kikwete, the Alternate Co-Chair of the International High-Level Panel on Water Investments for Africa, emphasized the need for accelerated funding and implementation of water projects. He highlighted that Africa has eight viable, bankable initiatives ready for investment, awaiting the necessary financial resources.
Urgent Call for Water Project Funding in Africa
During a High-Level Breakfast event in Addis Ababa, Dr. Kikwete addressed participants about the critical need for financial closure on water initiatives. He pointed out that Africa has made substantial progress in creating the institutional framework necessary for these investments. The focus now shifts to securing funds to implement these projects effectively.
Dr. Kikwete stated that financiers are looking for bankable projects, and Africa has already identified eight such projects. The urgency of this financial closure is paramount to ensure that these initiatives can move forward and address the continent’s pressing water needs.
Africa: Key figures on water investments
- Eight bankable projects awaiting funding
Namibia Hosts Global Water Partnership Headquarters
In a significant development, Dr. Kikwete congratulated Namibia for successfully concluding an agreement to host the Global Water Partnership (GWP) headquarters in Windhoek. This agreement marks a pivotal shift, relocating the GWP headquarters from Stockholm, where it had been based for 30 years. This move underscores Namibia’s growing role in global water governance.
Next Steps for Water Investment Initiatives
- Accelerate financial closure for the eight bankable projects
- Implement water projects across the continent
- Strengthen institutional frameworks to support ongoing investments
Africa stands ready to harness its water resources with the right financial backing.
