Next month, MN Capital Group together with African Alternative will host the inaugural Botswana Infrastructure Investment (BII) summit.
MN Capital Group Managing Director, Michael Ndinisa explained that the primary reason for the summit is to consider traditional and alternative sources of funding as far as infrastructure in Botswana is concerned.
“We want to bring together policy-makers, project developers as well as local and international investors, including pension funds,” he told the media on Tuesday, adding that the summit will be followed by the Botswana Asset Owners and Managers Forum.
According to Ndinisa, the forum will unpack the role of pension funds in the infrastructure investment space in Botswana.
“We know that a lot of money is taken out of the country instead of us getting more direct investments. We see a lot of asset managers taking investment money out of the country,” charged Ndinisa, adding the objective is to gain an understanding of what the problem is and the best way to solve it.
“We have invited quite a number of people and a number of developmental institutions such as Development Bank of Southern Africa, African Development Bank and African Infrastructure Development Managers,” he said, noting the overall aim is to look at all the investable projects available in Botswana.
Ndinisa insisted this is the first step required towards developing an ecosystem of asset managers, fund managers and investment professionals with an appetite for infrastructure investment opportunities in Botswana.
According to Ndinisa, one of the topics the two events will focus on is why local pension funds seem to be dragging their feet when it comes to investing in infrastructure locally.
The summit comes on the backdrop of another form of funding, Public-Private Partnerships being considered in Botswana.
Even though policy on this form of funding has been in place since 2009, it has not been extensively explored, mainly because of the complexities surrounding its implementation, especially when it comes to capital-intensive infrastructure projects.