{"id":63326,"date":"2025-02-07T07:14:04","date_gmt":"2025-02-07T07:14:04","guid":{"rendered":"https:\/\/www.africa-press.net\/botswana\/?p=63326"},"modified":"2025-03-07T16:40:53","modified_gmt":"2025-03-07T16:40:53","slug":"govt-courts-foreign-investors-for-universal-energy-access","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/botswana\/all-news\/govt-courts-foreign-investors-for-universal-energy-access","title":{"rendered":"Govt Courts Foreign Investors for Universal Energy Access"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong>Africa-Press &#8211; Botswana. <\/strong><\/span><b>The government is actively seeking foreign investment in order to fulfil its ambitions of 100 percent energy access to all households by 2030.<\/b><\/p>\n<p>The high cost of capital needed to complete the project resulted in Botswana scoping a wide net of investors at the Mission 300 Africa Energy Summit in Dar-es-Salaam, Tanzania last week.<\/p>\n<p>Botswana\u2019s 100 percent access ambitions are in line with Africa\u2019s Mission 300 initiative which aims to connect 300 million people to electricity in Sub-Saharan Africa by 2030.<\/p>\n<p>Extra funding<\/p>\n<p>Speaking to the media while in Tanzania, the Minister of Minerals and Energy, Joy Kenewendo, stated that while Botswana is committed to advancing energy access for all households, extra funding is needed to accelerate the project.<\/p>\n<p>Kenewendo said Botswana has to find investors since the country is not a part of the International Development Association (IDA) which offers loans and grants to the world\u2019s poorest countries to finance major projects.<\/p>\n<p>Botswana\u2019s status as a middle-income economy inhibits the country from benefitting from the assistance of the World Bank\u2019s soft lending branch.<\/p>\n<p>\u201cOur ambition is to ensure that we have 100 percent energy access (by all households) by 2030,\u201d Minister Kenewendo told journalists in Dar.<\/p>\n<p>High cost of capital<\/p>\n<p>\u201cWhat we wish to achieve here is to find partners, speak to investors, institutions or philanthropists who can help us achieve that.<\/p>\n<p>\u201cOne of the issues that our stakeholders mentioned at home is the very high cost of capital, and we hope to address that since Botswana is not part of the IDA.<\/p>\n<p>\u201cWe need to address how middle-income countries can still benefit from multilateral funding without being an IDA member through extra concessional lending because we are a high ambition country.\u201d<\/p>\n<p><strong>For More News And Analysis About <span style=\"color: #ff6600\">Botswana<\/span> Follow <span style=\"color: #ff6600\">Africa-Press<\/span><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; Botswana. The government is actively seeking foreign investment in order to fulfil its ambitions of 100 percent energy access to all households by 2030. The high cost of capital needed to complete the project resulted in Botswana scoping a wide net of investors at the Mission 300 Africa Energy Summit in Dar-es-Salaam, Tanzania [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":63325,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,7,12],"tags":[234],"class_list":["post-63326","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-head-lines","category-policy","tag-botswana"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Govt Courts Foreign Investors for Universal Energy Access - Botswana<\/title>\n<meta name=\"description\" content=\"The government is actively seeking foreign investment in order to fulfil its ambitions of 100 percent energy access t ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/botswana\/all-news\/govt-courts-foreign-investors-for-universal-energy-access\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Govt Courts Foreign Investors for Universal Energy Access\" \/>\n<meta property=\"og:description\" content=\"The government is actively seeking foreign investment in order to fulfil its ambitions of 100 percent energy access t ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/botswana\/all-news\/govt-courts-foreign-investors-for-universal-energy-access\" \/>\n<meta property=\"og:site_name\" content=\"Botswana\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2025-02-07T07:14:04+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-03-07T16:40:53+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/botswana\/sites\/38\/2025\/02\/sm_1738899743.237264.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"630\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/govt-courts-foreign-investors-for-universal-energy-access#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/govt-courts-foreign-investors-for-universal-energy-access\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/botswana\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Govt Courts Foreign Investors for Universal Energy Access\",\"datePublished\":\"2025-02-07T07:14:04+00:00\",\"dateModified\":\"2025-03-07T16:40:53+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/govt-courts-foreign-investors-for-universal-energy-access\"},\"wordCount\":299,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/govt-courts-foreign-investors-for-universal-energy-access#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/botswana\/sites\/38\/2025\/02\/sm_1738899743.237264.jpg\",\"keywords\":[\"Botswana\"],\"articleSection\":[\"all news\",\"head lines\",\"policy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/botswana\/all-news\/govt-courts-foreign-investors-for-universal-energy-access#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/govt-courts-foreign-investors-for-universal-energy-access\",\"url\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/govt-courts-foreign-investors-for-universal-energy-access\",\"name\":\"Govt Courts Foreign Investors for Universal Energy Access - 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