Over $10bn pledged at AIP Water Investment Summit

INVESTMENT Programme (AIP) Water Investment Summit, which concluded here recently, has secured over $10 billion in commitments, signaling a significant step toward closing the continent's annual $30bn water investment gap.

- WENDY DONDOLO

The three-day summit, opened by President Cyril Ramaphosa, gathered 1 690 delegates, including Heads of State, Ministers, and investors, to accelerate investments in climate-resilient water and sanitation.

South Africa's Water and Sanitation Minister, Pemmy Majodina, expressed her satisfaction with the summit’s outcome.

“In the last three days, we have identified governance, finance, capacity and data gaps in the water sector and together we commit to pay focused attention to these matters,” Majodina said.

She noted that 80 priority water investment projects from 38 countries were identified, attracting an estimated projection of $10 to $12bn a year in investments.