ZIMBABWE INVESTMENT ROUNDTABLE - Mobilizing Public Private Partnerships for Investments in Zimbabwe's Infrastructure Sectors - Africa ...
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ZIMBABWE INVESTMENT ROUNDTABLE
Mobilizing Public Private Partnerships for Investments in
Zimbabwe’s Infrastructure Sectors
Meikles Hotel - Harare, Zimbabwe - 25th March 2019
AFRICA INFRUSTRUCTURE DEVELOPMENT ASSOCIATION
In Partnership With
Copyright © 2019 AfIDA All rights reserved
2019 2019
AfIDA Country Engagement Series AfIDA Country Engagement Series
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Background Program – 25th March 2019
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The Africa Infrastructure Development Association (“AfIDA”
or “the Association”) is an association of project developers
and development stakeholders in Africa. The objective of
09:00 – 09:15 Welcome Remarks by Hon. Rtd Lt Gen Dr Sibusiso Moyo, Minister of Foreign Affairs and
AfIDA is to enhance the vibrancy of project development (PD)
International Trade
activities in infrastructure, with a view to ensuring that more
projects achieve bankability and become available for financing
09:15 – 09:30 Opening remarks by AfIDA Chairman - Mr Oliver Andrews, Executive Director & CIO, Africa
and investment.
Finance Corporation (AFC)
The AfIDA aims to promote and enable Project Development
09:30 – 10:00 Welcome Keynote Address – Zimbabwe Presidency Delegation
work in Africa, by creating a platform that will foster continuous
dialogue amongst members, benchmark project development
10:00 – 10:30 Trends & Opportunities in Zimbabwe’s Energy Sector by Hon. Dr Jorum Gumbo Minister of
documents, develop market norms, conduct independent
Energy and Power Development, Government of Zimbabwe
research and serve as a policy advocacy forum for the industry
with a view to ensuring more projects on the continent achieve
10:30 – 11:20 Trends & Opportunities in Zimbabwe’s Transport and Infrastructure Sector by
bankability.
Hon Joe Biggie Matiza, Minister of Transport & Infrastructure Development
The Zimbabwe Investment Authority (ZIA) is the country’s
11:20 – 12:10 Trends & Opportunities in Zimbabwe Information, Communication Technology Sector by
investment promotion body set up to promote and facilitate
Hon Kazembe Kazembe, Minister of Information and Communications Technology and Cyber
both foreign direct investment and local investment. ZIA is an
Security
institution born out of the merger of the Export Processing Zones
Authority (EPZA) and the Zimbabwe Investment Centre (ZIC).
12:10 –13:10 Private sector-led domestic resource mobilisation for infrastructure -A view from the private
This was done to create a one-stop Investment shop for quicker
sector in Zimbabwe
and easier facilitation of investment. Through the One Stop Shop
Investment Centre (OSSIC), the Zimbabwean government has
13:10 –14:10 Networking Lunch
streamlined the source of all information on all procedures to
invest in Zimbabwe by liaising with the respective Ministries and
14:10 – 15:10 Addressing the Barriers to Entry and Setting the Way Forward
Government agencies.
Hon. Professor Mthuli Ncube, Minister of Finance and Economic Development Government of
Zimbabwe
Hon. Rtd Lt Gen Dr Sibusiso Moyo, Minister of Foreign Affairs and International Trade
Dr John Mangudya- Governor, Central Bank of Zimbabwe
AfIDA Members and Partners Dr Washington Mbizvo – Chairman One Stop Investment Services Centre (OSSISC), Zimbabwe
15:10 – 16:00 AfIDA led discussion - Project to bankability, developers and financiers’ experiences and
challenges in Zimbabwe and the needed interventions
16:00 – 16:30 Closing Remarks - Summary of proposed initiatives, and way forward
Mr Oliver Andrews, Executive Director & CIO, Africa Finance Corporation (AFC)
Mr Zondo Thomas Sakala, Chief Executive Officer, Infrastructure Development Bank of
Zimbabwe (IDBZ)
AfIDA Workshop Series- London, 14 November, 2018 Program Deliverables Identify the current investable projects in the transport,
energy and industrial infrastructure sectors.
Roundtable Objectives How can the Zimbabwean government facilitate the
development of private sector projects?
Identify the challenges faced by Zimbabwe’s public
sector when attracting private funding and identifying a
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he Government of Zimbabwe has been making efforts to transform the country’s economy and mobilise investments and this collaborative way forward.
What role could PPP’s play in such projects?
roundtable will offer a unique platform for a dialogue on development and investment opportunities across various infrastructure
asset classes in Zimbabwe. The Investment roundtable will also address the barriers to entry for investors and discourse the need Identify and address the barriers to entry for investors in
What sort of financing mechanisms would be viable.
for a favourable investment climate. The Roundtable, therefore, represents a unique opportunity to raise awareness on new opportunities Zimbabwe and forge the way forward.
for fast-tracking the development of projects in Zimbabwe. The Roundtable will contribute to enhancing Zimbabwe’s attractiveness for
Allocation of risk between the private and public sectors.
Foreign Direct Investment, as well as to foster regional cross-border Investments.
AfIDA ZIMBABWE INVESTMENT ROUND TABLE AfIDA ZIMBABWE INVESTMENT ROUND TABLE
2019
AfIDA Country Engagement Series
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The Participating Stakeholders KEY PARTICIPATING STAKEHOLDERS
• Central government ministries
WHY THE ZIMBABWEAN GOVERNMENT SHOULD
• Local government agencies
PARTICIPATE
• Investment banks
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• Legal and financial advisory firms
eports show that Zimbabwe will require an estimated
• Regulators
US$30billion to rehabilitate, revamp and upgrade its
• Utilities
infrastructure. Much of the funding will necessitate
• Pension funds
resource mobilised from domestic resources as well as
• Asset managers
international financiers. Raising the country’s infrastructure
• Private Equity
endowment to that of the region’s middle-income countries
• Development finance institutions
could boost annual growth by about 2.4 percentage points.
• Infrastructure project developers
Zimbabwe made significant progress in infrastructure in its
early period in 1980 as an independent state. The country
INFRASTRUCTURE FOCUS AREAS
managed to put in place a national electricity network and
establish regional interconnection in the power sector; to build
• Airports and supporting facilities
an extensive network of roads for countrywide accessibility and
• Courthouses and correctional facilities
integration into the regional transport corridors; to lay the water
• Educational facilities, including primary and higher learning
and sewerage system, and to make progress on building dams
• Gas transmission and distribution systems
and tapping the significant irrigation potential. Investment in all
• Government buildings and related facilities
infrastructure sectors has lagged due to economic challenges (in
• Hospitals and healthcare facilities
the power and water sectors in particular), and the accumulation
• Border and inland ports terminals
of a considerable rehabilitation agenda. Quality of service has
• Power and transmission facilities and systems
declined across the board.
• Public housing FOR MORE INFORMATION ABOUT PARTICIPATION & SPONSORSHIP
• Rail, including passenger rail and mass transit
The power system has become unjustifiably costly, inefficient,
and unreliable. The condition of roads especially on the North-
South transport corridor in Southern Africa node needs new
•
•
Roads and bridges
Sports stadia and recreational facilities CONTACT US
• Technology, including broadband and telecommunications
investment. Zimbabwe’s most pressing challenges lie in the
• Waste and waste-to-energy
power and water sectors. Inefficient and unreliable power supply
poses significant risks to the economy, while the maintenance
• Water and wastewater PRECIOUS NKANDU (Coordinator, AfIDA)
and upgrading of existing power infrastructure no longer look
to be affordable. With respect to regional integration, Zimbabwe precious.nkandu@afida-africa.org
must improve the condition of the international road corridors
that pass through its territory, along with reducing transit costs +27 60 758 1187
and transit time, to gain the most from its strategic location in
the heart of the southern Africa region and its proximity to the
region’s largest economy and trading partner: South Africa.
Addressing Zimbabwe’s infrastructure challenges will require the
sustained expenditure of almost $2 billion per year over the next
decade, with a heavy emphasis on rehabilitation; more than half
is needed for the power sector.
This forum presents the Government of Zimbabwe with a much-
needed dialogue with the private sector and key development
finance institutions on ways to attract and retain investments AfIDA Debate Series, Abuja, February 2017
across key infrastructure sectors in Zimbabwe.
It for this reason that AfIDA through its country engagement
and advocacy efforts has partnered with the government of
Zimbabwe and its key ministerial, local government and private
sector institutions to facilitate this imperative discourse.
THE CATALYTIC ROLE OF AFIDA
AfIDA’s members and partners are active development
and investment stakeholders actively investing in Africa’s
infrastructure. This dialogue will allow AfIDA members to assess
investment opportunities in Zimbabwe and dialogue with
regulatory authorities on creating an enabling environment to
attract more private sector funding to Zimbabwe’s infrastructure
opportunities. AfIDA- Nigeria Country Engagement with IPP’s, Abuja, March 2018
AfIDA ZIMBABWE INVESTMENT ROUND TABLE
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