- Moono Mupotola urges stakeholders to ‘up their game’ in order to fast track investment on the continent.
- Mupotola observes that the Bank’s role as financier, facilitator and honest broker.
- Good governance and structuring disciplined financing required to deliver smart infrastructure in energy supply.
In the lead up to the 2018 Programme for Infrastructure Development in Africa (PIDA) Week taking place on 26 – 29 November 2018 in Victoria Falls, Zimbabwe, African Development Bank Director for Regional Development and Regional Integration, Moono Mupotola reflects on the challenges and pace of infrastructure development on the continent.
“In order to fast track implementation of more PIDA projects before 2020, Africa, together with its key stakeholders which include Multilateral Development Banks should up its game in mobilizing domestic resources to fund project preparation as well as investment of PIDA projects,” says African Development Bank Director for Regional Development and Regional Integration, Moono Mupotola.
Mupotola observes that the Bank’s role as financier, facilitator and honest broker in the actualisation of infrastructure projects is helping to build the much-needed capacity and institutional frameworks on the continent.
Adding that these will be crucial for establishing good governance and structuring disciplined financing required to deliver smart infrastructure in energy supply, regional transport corridors, internet connectivity as well as trans-boundary water management.
“The world is eager to do business with Africa but finds it difficult to access African markets, especially in the interior, due to poor infrastructure. Thus, going forward, transport, energy, water, and ICT will continue to be a priority under PIDA Priority Action Plan 2020-2030,” Mupotola said in an interview.
Author: GBA News Desk
This article was originally published on ESI Africa and is republished with permission with minor editorial changes.
