At the closing ceremony of the 9th World Water Forum, Senegal’s Minister of Water and Sanitation, Serigne Mbaye Thiam, announced the creation of a high-level international panel on investment in water in Africa.
The objective of the panel is to find concrete ways to mobilise $30 Billion USD per year until 2030 to implement the Africa Water Investment Programme . The African Ministerial Council on Water (AMCOW) has estimated that an additional $30 Billion USD is needed to meet the 2030 Sustainable Development Goal 6 (SDG6) on water and sanitation. Currently, only between $ 10 – 19 Billion USD is being invested annually in water and sanitation.
Globally, the investment gap to achieve SDG6 by 2030 is estimated at $114 Billion USD, a figure that relates exclusively to the capital costs for infrastructure expansion and excludes maintenance costs of the facilities installed.
The panel is led by three co-chairs: H.E. Macky Sall, President of Senegal, as co-chair in his current capacity as chair of the African Union, H.E. Mark Rutte, Prime Minister of the Netherlands, as co-chair in his capacity as co-host of the UN 2023 Water Conference, and H.E. Hage Geingob, President of the Republic of Namibia, as co-chair in his capacity as host country of the Presidency of AMCOW.
Alongside the mobilisation of finance, the Africa Water Investment Programme will develop a water investment scorecard to track progress, establish a blended investment platform, strengthen the enabling environment, address bottlenecks in project preparation and implement climate resilient infrastructure development programmes.