Africa-Press – Botswana. Botswana on Tuesday signed the Africa50 share subscription agreement making it the 30th African country to be a shareholder, says the organisation’s chief executive officer Mr Alain Ebobisse.
Africa50 was established by African governments and the African Development Bank to help bridge Africa’s infrastructure funding gap by facilitating project development, mobilising public and private sector finance and investment.
“The agreement will be instrumental in aiding government’s efforts to implement and monitor public-private partnership projects and as Africa50, we look forward to investing in infrastructure projects in Botswana,” said Mr Ebobisse in an interview following his courtesy call on President Dr Mokgweetsi Masisi yesterday.
The agreement, he said, testified to government’s commitment to fast-track the delivery of sustainable infrastructure development.
Mr Ebobisse said the partnership would also play a big role in facilitating completion of government infrastructure development projects.
“It is worth noting that African governments are in most cases funding infrastructure development, something which Africa50 is keen to turn around and catalyse the involvement of the private sector,” he said.
Mr Ebobisse said in the case of Botswana, Africa50 would cohesively work with government to speed up more private sector investment in infrastructure development.
In so doing, the organisation would be supporting Botswana’s economic growth as well as its job creation drive.
“Botswana has huge investment potential in the many sectors of the economy and we would be relying on the country’s national development plans to further guide on which sectors to invest in,” he said.
Mr Ebobisse said there were opportunities in renewable and green energy as well as infrastructure.
The implementation and completion of such projects would generate jobs and boost economic growth, he said.
“We are committed to bring infrastructure projects to financial close and commercial operations as quickly as possible for greater impact.
Accelerating the delivery of infrastructure helps create a virtuous circle: investors get a fair return and citizens get services and access to opportunities, while governments can highlight their success to attract additional investment,” said Mr Ebobisse.
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