Capital markets are key to advancement - Seretse

The minister was officiating at the maiden Loans and Bonds for Africa Conference in Cape Town, South Africa on Monday. The event was themed Financing Strategies of Governments to Support Continued Gross Domestic Product (GDP) Growth and Infrastructure Development.

Seretse said debt capital markets are a viable alternative source of funding for infrastructure development, which until recently in Africa, have been mainly foreign dominated. He said by accessing local debt capital markets, bond issuers obtain funds in the same currency as revenue likely to be earned from an infrastructure project.