The Zimbabwe Urban Infrastructure Investment Summit
23 April 2018
Zimbabwe International Exhibition Centre,
Driving sustainable infrastructure investment
through multi-stakeholder integration.
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The role of infrastructure is crucial because it underpins development. It lays the base and unlocks economic prospects and promotes growth. National and Local Governments need to ensure infrastructure provision as a prerequisite, not only for economic development, but also for the delivery of basic services such as water and health, among other things.
Infrastructure has a telling role in encouraging fundamental economic growth and the safeguarding of competitiveness, both in the domestic and international markets. However, it should be noted that financing of infrastructure is a major problem every government faces and cannot be the sole prerogative of the public sector if it should be a sustainable sector.
It is with this background that MNCapital Group and DEAT Capital are convening the 2018 Zimbabwe Urban Infrastructure Investment Summit. The Summit is a gathering of high-level multi-sectoral stakeholders in the infrastructure, investment and economic development spheres with the aim to drive infrastructure investment in the country.
The Summit will map out strategies to guide the regeneration of key infrastructure subsectors as a means of restoring Zimbabwe as the economic hub of Southern Africa.
Lack of investment in infrastructure is a challenge that Zimbabwe is currently facing. As a result years of competing sectors in need of funding, Zimbabwe infrastructure development has lagged behind as a result, debasing the foundation for economic growth and development. Lack of financial resources has made investment in infrastructure a difficult undertaking in Zimbabwe and the infrastructure financing gap is quite huge and widening.
The evidence of a struggling economy is everywhere with massive unemployment estimated, hyper-inflation; shortage of essential food items such as wheat; dependence on imports; cash-strapped locals being at the mercy of the volatile global markets; fallen foreign investment and overall economic stagnation. Economists estimate the country’s infrastructure development is running a deficit of $42 billion.
The Government of Zimbabwe is currently calling on investor to service the substantial opportunities in the country and infrastructure provision, construction, tourism, manufacturing and agriculture are naturally top sectors for investor. The 2018 Zimbabwe Urban Infrastructure Investment Summit aims to bring together policy makers, national and local government officials, institutional investors, the service provider sectors as well as allied sectors around the table to engage on sustainable infrastructure resuscitation.
- Encourage infrastructure, real estate and property investments in Zimbabwe
- Grow the infrastructure project bond market
- Identify new strategies and technologies for challenges & opportunities facing the sector
- Decide what kind of policies and partnerships need to be introduced and adopted to incentivise increased investment in Zimbabwean Infrastructure?
- Learn global best practices & partnership strategies and policy updates
- Creation of an intelligence hub among policymakers, business leaders and services providers to forge new partnerships & gain competitive advantage
- Advance Public- Private Partnerships in infrastructure delivery
- New opportunities for funding & governance models to drive transformational infrastructure projects.
INVESTMENT FACT SHEET
African Development Bank Zimbabwe Infrastructure
Development Report 2011-20
The report underscores the role of infrastructure development on both economic and social as one of the major determinants of economic growth. The Report further outlines infrastructure development expenditures, being investment opportunities that Zimbabwe offer in the period 2011-20 and beyond:
The total cost is put at about $14.2 billion at 2009 constant prices, including $4.6 billion of private investment in upgrade of existing infrastructure and new capacity.
The power program would require about $4.3 billion, including $2.1 billion of private investment in new generation capacity.
The transport sector would require a total of $5.6 billion, including about $970 million of private investment in railway and civil aviation concessions.
The communications sector would require about $116 million, primarily for the creation of a national fibre optic backbone network.
SESSION ONE 08.00 - 10.00
09.00 OPENING ADDRESS / WELCOME REMARKS
09.15 Plenary Session: Overview of Zimbabwe urban infrastructure Projects: Challenges and Opportunities
- Development of basic infrastructure for the power, transport, water and sanitation, and information and communications technology sectors in the past decade
- Driving infrastructure investment for inclusive growth and sustainability
- Infrastructure investment for a resilient, growing and inclusive economy that is sustainable.
SESSION TWO 10.00 - 11.00
- Contractual structure of infrastructure project finance and security issues building institutional capacities for management and regulation of the basic services
- Matching infrastructure development to investment in human for increased economic output, continued effective oversight and management of the basic infrastructure of the country and increasing per capita incomes.
SESSION THREE 11.00 - 12.15
11.15 SESSION THREE
Plenary Session: Local Government preparedness for investment:
- Special Economic Zones and local economic development. (City of Bulawayo)
- Creation of a local government platforms where Zimbabweans can participate in and ultimately hold ownership and control of Zimbabwean assets.
SESSION FOUR 12.15 - 14.00
- Reforming policies and regulation to attract Diaspora and international capital
- Implementing innovative global urban infrastructure solutions in Zimbabwe
- Creation and development of platforms for the diaspora to participate in, hold and share ownership and control of the Zimbabwean assets.
13.00 NETWORKING LUNCH
SESSION FIVE 14.00 - 15.00
Plenary Session: Alternative Infrastructure Funding;
- Financing Urban Infrastructure projects in Zimbabwe
- Role of donors in Zimbabwe urban infrastructure
- Infrastructure and real estate as an asset class: How institutional investors can adapt to infrastructure and real estate as part of a diversification strategy.
SESSION SIX 15.00 - 18.30
Panel Discussion: Capitalising on public-private partnerships to promote multiple stakeholders’ participation and accelerate the delivery of affordable housing in the nation;
- Streamlining the regulation of basic infrastructure services, promote private investment in infrastructure assets and services.
16.00 SUMMARY & WAY FORWARD
Theme: The option to privatise parastatals in part or whole to invest and renew Zimbabwe’s critical infrastructure.
WHO IS ATTENDING
As Public/Private partnerships are critical in the delivery of infrastructure, this Summit will be of utmost importance to both the private and public-sector entities involved in:
- Developmental policymaking
- Asset management
- City & municipal town planning
- Construction & subcontracting
- Embassies & trade consulates
- Energy, water & sanitation
- Funding, investment, banks and project financiers
- ICT & broadband infrastructure
- Infrastructure and property development
- Land & quantity surveyors
- Logistics, project management & supply chain management
- Infrastructure advisory companies
- Real estate companies
- Insurance companies, underwriters and risk manager
- PPP advisory companies
- Multilateral organisations.
IT'S TIME FOR ZIMBABWE
Get in touch with us
20 Van Beek Street
Maboneng, JHB 2094
Mon to Thur: 8:30 – 16:30
Fri: 8:30 – 15:00
+27 11 040 3410