Business

All set for PPP meet

All is set for the high-level international conference on revolutionising infrastructure development through Public Private Partnership (PPP) slated for next Monday in Lilongwe.

The conference to be held under the theme ‘Public Private Partnerships; Malawi’s Next Big Thing’ is expected to attract both local and international investors with hope to clinch deals towards infrastructure project investment.

Public Private Partnership Commission (PPPC) Acting Chief Executive Office, Audrey Mwala, told journalists on Monday that the country stands to benefit as the conference will bring together PPP practitioners and thought leaders from across the globe will on brainstorm solutions for infrastructure development in Malawi.

“There are a lot of benefits for example private sector investment is expected to be realised from this conference, and through the trainings that will be conducted the Commission will have access to a wide spectrum of PPP project trained consultants which will promote competition and reduce consultancy costs.

“Prospective financiers will attend the conference which will allow Malawian investors access to long term financing which will in the end promote Malawian participation in PPP projects,” Mwala said.

The conference is a country specific event under the 2020 plans of the Africa Public Private Partnerships Network following an initial conference it hosted in Kampala last year. The network is also expected to host a conference later this year in Nigeria.

The conferences are an advent of realisation that Africa is endowed with natural resources but agonises with limited infrastructure.

Infrastructure needs in Africa are estimated to be between $130 billion to $170 billion when government funds available for infrastructure are between $68 billion to $108 billion.

Tags
Show More

Related Articles

Back to top button
Close
Close