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Investors needed to close Africa's $30bn annual water investment gap

Investors needed to close Africa's $30bn annual water investment gap

TimesLIVE2 hours ago
Minister of water and sanitation Pemmy Majodina has called on investors to 'put their money where their mouths are' to address Africa's growing water crisis, warning that without urgent action, the continent's economic and social progress will be stifled.
Speaking to the SABC outside the Cape Town International Convention Centre on Tuesday, during the opening of the inaugural AU-AIP Water Investment Summit, Majodina said the government could not deliver sustainable water provision alone.
'We want sustainable water provision, hence government cannot do it alone. We need investors. They are going to make pledges here,' she said.
'We've already packaged close to 38 projects in a bankable fund. Put your money where your mouth is, because water is where money is needed.'
The three-day summit taking place from August 13 coincides with South Africa's G20 presidency, which is a first for an African nation.
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