Latest news with #GlobalOutlookCouncilonWaterInvestments
IOL News
5 days ago
- Business
- IOL News
Ramaphosa launches Global Water Council to mobilise $30 billion for Africa's water crisis
President Cyril Ramaphosa says $30 billion a year must be invested by 2030 to transform water from a crisis into an opportunity for Africa's growth, stability, and sustainable development. President Cyril Ramaphosa has called for water to be placed at the centre of global climate and finance discussions, declaring that the time has come to transform water from a crisis sector into an 'opportunity sector.' Speaking at the AU-AIP Water Investment Summit in Cape Town on Wednesday, Ramaphosa officially launched the Global Outlook Council on Water Investments, a new international body aimed at driving finance and leadership toward closing Africa's water investment gap. The Council is a key G20 Presidential Legacy Initiative under South Africa's presidency and will serve as the political and investment platform to track progress, unlock finance, and align efforts across global institutions. 'This Summit is a landmark moment not only for Africa, but for the global movement for access to safe water for all,' Ramaphosa said. 'We gather here as decision-makers, investors, financiers and champions at a time when the world faces a deepening water crisis. Yet, this is also at a moment of immense opportunity. If we rise together, water can become not just a means of survival but a driver of economic transformation, innovation and peace.' The Global Outlook Council builds on a process that began in 2016 with the High-Level Panel on Water, launched by then UN Secretary-General Ban Ki-moon and World Bank President Jim Yong Kim.
Time of India
5 days ago
- Business
- Time of India
South African President Ramaphosa welcomes Modi, other leaders to Global Outlook Council on Water Investments
President Cyril Ramaphosa of South Africa has invited global leaders, including Prime Minister Narendra Modi, to join the Global Outlook Council on Water Investments, a G20 initiative. The aim is to prioritize water investment in climate and finance discussions. This platform seeks to track progress, unlock finance, and align efforts across various global entities to ensure safe water for all. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads South African President Cyril Ramaphosa has welcomed Prime Minister Narendra Modi and other global leaders to a new global water platform as he said investment in water must no longer be an afterthought at climate and finance invited Modi and other world leaders as Council Members of the Global Outlook Council on Water Investments , a G20 initiative to ensure safe water for all."The launch of the Global Outlook Council on Water Investments will see the Africa Water Investment Programme scaled up into a Global Water Investment Platform ," Ramaphosa said as he opened the Africa Water Investment Summit in Cape Town on Summit was being held as part of South Africa's presidency of the G20 for 2025."Today, we say clearly: Water investment must no longer be an afterthought at climate and finance discussions. It must be at the centre of discussions. It must be financed, tracked and championed," Ramaphosa saidThe newly launched platform will serve as the world's premier high-level political and investment platform on water that will track progress, unlock finance, report annually and align efforts across the G20, UN, multilateral development banks and the private sector, he Africa Water Investment Summit will endorse a Summit Declaration that commits countries to scale-up investments, improve governance and increase accountability in the water other goals of the Summit is to position water at the highest levels of the global political and financial agenda from G20 and COP30 to the UN 2026 Water Conference and beyond, he said."Let us build a world where water is recognised as a human right and not weaponised against women, children and communities. If we rise together, water can become not just a means of survival but a driver of economic transformation, innovation and peace," Ramaphosa added. Pointing out that the Summit is bringing Africa, he said, "Let us leave this Summit with deals, pipelines, partnerships and a permanent global mechanism to sustain the momentum."Apart from Prime Minister Modi, the South African president announced President Luiz Inacio Lula da Silva of Brazil, President Claudia Sheinbaum of Mexico, Crown Prince Mohammed bin Salman of Saudi Arabia, Prime Minister Anthony Albanese of Australia, and Prime Minister Keir Starmer of the United Kingdom as Council Friedrich Merz of Germany, Prime Minister Giorgia Meloni of Italy, President Ursula von der Leyen of the European Commission, President Joao Lourenco of Angola and African Union Chair, and President Bassirou Diomaye Faye of Senegal, who is co-host of the UN 2026 Water Conference, were announced as the other Council members.
Economic Times
5 days ago
- Business
- Economic Times
South African President Ramaphosa welcomes Modi, other leaders to Global Outlook Council on Water Investments
Synopsis President Cyril Ramaphosa of South Africa has invited global leaders, including Prime Minister Narendra Modi, to join the Global Outlook Council on Water Investments, a G20 initiative. The aim is to prioritize water investment in climate and finance discussions. This platform seeks to track progress, unlock finance, and align efforts across various global entities to ensure safe water for all. IANS South African President Cyril Ramaphosa has welcomed Prime Minister Narendra Modi and other global leaders to a new global water platform as he said investment in water must no longer be an afterthought at climate and finance discussions. Ramaphosa invited Modi and other world leaders as Council Members of the Global Outlook Council on Water Investments, a G20 initiative to ensure safe water for all. "The launch of the Global Outlook Council on Water Investments will see the Africa Water Investment Programme scaled up into a Global Water Investment Platform," Ramaphosa said as he opened the Africa Water Investment Summit in Cape Town on Wednesday. The Summit was being held as part of South Africa's presidency of the G20 for 2025. "Today, we say clearly: Water investment must no longer be an afterthought at climate and finance discussions. It must be at the centre of discussions. It must be financed, tracked and championed," Ramaphosa said The newly launched platform will serve as the world's premier high-level political and investment platform on water that will track progress, unlock finance, report annually and align efforts across the G20, UN, multilateral development banks and the private sector, he said. The Africa Water Investment Summit will endorse a Summit Declaration that commits countries to scale-up investments, improve governance and increase accountability in the water sector. Among other goals of the Summit is to position water at the highest levels of the global political and financial agenda from G20 and COP30 to the UN 2026 Water Conference and beyond, he said. "Let us build a world where water is recognised as a human right and not weaponised against women, children and communities. If we rise together, water can become not just a means of survival but a driver of economic transformation, innovation and peace," Ramaphosa added. Pointing out that the Summit is bringing Africa, he said, "Let us leave this Summit with deals, pipelines, partnerships and a permanent global mechanism to sustain the momentum." Apart from Prime Minister Modi, the South African president announced President Luiz Inacio Lula da Silva of Brazil, President Claudia Sheinbaum of Mexico, Crown Prince Mohammed bin Salman of Saudi Arabia, Prime Minister Anthony Albanese of Australia, and Prime Minister Keir Starmer of the United Kingdom as Council members. Chancellor Friedrich Merz of Germany, Prime Minister Giorgia Meloni of Italy, President Ursula von der Leyen of the European Commission, President Joao Lourenco of Angola and African Union Chair, and President Bassirou Diomaye Faye of Senegal, who is co-host of the UN 2026 Water Conference, were announced as the other Council members.
