SAPP looks to capital markets for funding
Friday, February 26, 2010
SAPP has engaged Mercados, an energy consultant from Spain, to assess the Botswana Power Corporation and utilities from Mozambique, Zambia and Lesotho with a view to enhancing their credit rating and thus their ability to negotiate affordable credit in local and international markets.
The need for higher credit ratings for SAPP members is driven by the need for the region to generate at least 47, 000 megawatts of new power in the next 15 to 20 years, requiring investments running into hundreds of billions of pula. All utilities and their governments in the 12-member strong SAPP will be unable to raise the amount of capital needed to ensure that lights stay on in the region by 2030.
The recent Vaccination Day in Motokwe, orchestrated through collaborative efforts between UNICEF, USAID, BRCS, and the Ministry of Health, underscores a commendable stride towards fortifying child health services.The painful reality as reflected by the Ministry of Health's data regarding the decline in routine immunisation coverage since the onset of the pandemic, is a cause for concern.It underscores the urgent need to address the...