Zimbabwe’s infrastructure roadmap gets Africa50 support

By Stanley James, Business Editor

THE Investment Bank for Infrastructure in Africa (Africa50) has pledged support to Zimbabwe’s infrastructure development agenda by mobilising funding.

Africa 50 Chief Operating Officer, Ms Tsepidi Moremong and her delegation paid a courtesy call on President Emmerson Mnangagwa this Wednesday to discuss investments in the country’s infrastructure sector and potential partnerships.

The discussions were held at a time Zimbabwe is forging ahead with several infrastructure development projects through the mobilisation of domestic resources.

The pan-African investment vehicle revealed a commitment to work with Zimbabwe on public-private partnerships.

“The meeting with His Excellency was really fruitful as we focused on how we can find each other in terms of development financing,” said Ms Moremong.

She also reaffirmed her commitment to supporting the projects by engaging relevant authorities.

“Africa50 is, therefore, willing to support Zimbabwe’s infrastructure agenda, we will engage the relevant authorities to identify priority projects and funding requirements,” she added.

Earlier in the day, the Africa50 delegation held discussions with senior Government officials and the private sector on several modalities for financing infrastructure projects across the country.

The institution was established by African governments and the African Development Bank to help bridge Africa’s infrastructure funding gap.

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