Breaking News

African governments should create environment for business to invest in infrastructure

by APO
22 August 2017 | 210 Views
JOHANNESBURG - The Minister of Finance in Zambia, Mr Felix Mutati says African governments should create a conducive environment in their respective countries that will generate appetite among the private sector to invest in infrastructure projects in the continent. Minister Mutati was speaking at the two-day Infrastructure Africa Business Forum that started in Sandon today. One of the objectives of the Forum is to encourage public-private partnerships in the development of world-class infrastructure in Africa.

"I have no doubt that despite the daunting challenges that we experience as a continent when it comes to addressing the infrastructure deficit, we shall overcome if governments are working effectively together with the private sector. But it is important for the government to define its role clearly. The role of government must remain to provide a business environment that creates confidence and trust, as well as opportunities for the private sector to invest in infrastructure development," said Mutati.

He added that government should not monopolise investment in infrastructure but should make it its responsibility and priority to remove the burden that is created by bureaucracy on the private sector.

"It is crucial for government to generate mechanisms and instruments aimed at enhancing the appetite of the private sector to invest in infrastructure development projects. These include credit enhancement and credit contingency guarantees which should go a long way in minimising the level of risks. The private and public sectors should share these risks for the benefit of all in the continent," said Mutati




Mutati added that decisive political leadership across the continent was important in order to attract investment in infrastructure. He cited the example of the thriving energy sector in Zambia which attracted private investments after the government decided to liberalise it.

Distributed by APO on behalf of The Department of Trade and Industry, South Africa.

Felix Mutati African governments Infrastructure

Source: APO

Comments

Latest News

Chamisa target crooks surrounding Mnangagwa

by Staff reporter | 24 April 2019 | 1 Views

MDC slams Mnangagwa for blasphemy - The Movement for Democratic Change...

by Staff reporter | 24 April 2019 | 1 Views

Mnangagwa still deciding on Tsvangirai memorial

by Staff reporter | 24 April 2019 | 1 Views

Chamisa to stand uncontested at congress

by Staff reporter | 24 April 2019 | 1 Views

Matabeleland Collective battles to shrug off Zanu-PF links - MATABELEL...

by Staff reporter | 24 April 2019 | 1 Views

Mwonzora removed from remand

by Staff reporter | 24 April 2019 | 1 Views

Water crisis in Harare exposes MDC inadequacies

by Prosperity Mzila | 24 April 2019 | 1 Views

MDC to gobble $3 m on congress amid huge debts - The MDC Alliance is g...

by Christopher Makaza | 24 April 2019 | 1 Views

Chamisa to unleash a fresh wave of demonstrations

by Mandla Ndlovu | 24 April 2019 | 1 Views

How Mugabe, Chamisa fell for Jonathan Moyo's scheming

by Elijah Chihota | 24 April 2019 | 4 Views

Dabengwa's photo on wheelchair explained

by Mandla Ndlovu | 24 April 2019 | 5 Views

PHOTOS: Zimbabwe and Mozambique bridges bult after Cyclone Idai

by Mandla Ndlovu | 24 April 2019 | 6 Views

Harare tap water to be restored as chemicals arrive

by Mandla Ndlovu | 24 April 2019 | 3 Views

Mnangagwa's double agent gives CIOs Jonathan Moyo's document

by Mandla Ndlovu | 24 April 2019 | 15 Views

Mnangagwa's double agent gives CIOs Jonathan Moyo's document

by Mandla Ndlovu | 24 April 2019 | 4 Views

VP Chiwenga threatens businesses

by Methusi Ncube | 24 April 2019 | 3 Views

Chamisa says a new dawn is coming soon

by Mandla Ndlovu | 24 April 2019 | 8 Views

Dabengwa in India for medical attention

by Iphithule Maphosa | 24 April 2019 | 10 Views

Let's discuss no insults please - The General consensus amongst Mthwak...

by Mbonisi Solomon Gumbo | 24 April 2019 | 1 Views

Mnangagwa embraces Chamisa as he fears army plots

by Mandla Ndlovu | 24 April 2019 | 10 Views

UK based initiative to launch development platform to empower Matabele...

by Staff reporter | 24 April 2019 | 6 Views

Comprehensive Analysis of a COMPETENT MDC vice Presidency team

by Tinashe Eric Muzamhindo | 24 April 2019 | 3 Views

ZAPU response to 'Gukurahundi' moves by President Mnangagwa - In socia...

by Dr. Strike Mkandla | 24 April 2019 | 6 Views

Tiger Wheel & Tyre Opens in Borrowdale, Harare

by Staf reporter | 24 April 2019 | 1 Views

Mnangagwa, Chamisa to meet face-to-face

by Staff reporter | 24 April 2019 | 5 Views

'Crooks surround Mnangagwa must go,' says Chamisa

by Staff reporter | 24 April 2019 | 9 Views

Fuel prices up again - DESPITE government castigating business for ove...

by Staff reporter | 24 April 2019 | 6 Views

Entertainment

Madlela to share stage with Shwi, Freddy in SA

by Staff reporter | 23 April 2019 | 318 Views

List of Zimbabwean celebrities who became politicians

by Mandla Ndlovu | 22 April 2019 | 4571 Views

Analysts defend Tinashe Kachingwe

by Mandla Ndlovu | 22 April 2019 | 4434 Views

Charambas drop videos

by Staff reporter | 17 April 2019 | 1335 Views

Jah Prayzah dares UK fans

by Staff reporter | 17 April 2019 | 3576 Views

Bekezela wants his music to appeal to Zimbabweans - South Africa-based...

by Staff reporter | 17 April 2019 | 194 Views
iBlog

Tb Joshua Worst Enemy Angelique Tonge Exposed

About two years ago, we came out emphatically about those behind the t.b joshua watch. many were those who thought we were framing innocent people up or on a witch hunt. some events have vindicated us and the cat is out of the bag. it is said that no... Read More
pointblank 01 May 2015 ago

Hp Omen 15-5116tx – The Next Generation Gaming Laptop

the hp omen 15-5116tx is being targeted at the performance hungry gamers. it comes in a single variant boasting an eye-catching attractive design. the notebook offers a slim, lightweight chassis and appears like a piece of art than an actual gaming... Read More
Sergey 11 June 2015 ago