Innovative financing of public infrastructure in Zambia: instruments and critical success factors
| dc.contributor.advisor | Alhassan, Abdul Latif | |
| dc.contributor.author | Kamiji, Kafula | |
| dc.date.accessioned | 2025-08-29T07:10:39Z | |
| dc.date.available | 2025-08-29T07:10:39Z | |
| dc.date.issued | 2025 | |
| dc.date.updated | 2025-08-29T07:01:55Z | |
| dc.description.abstract | This dissertation investigates innovative financing mechanisms for financing public infrastructure in Zambia, juxtaposing current practices with their future potential. It aims to identify the key success factors that enhance the effectiveness of these innovative financial instruments. The research underscores the critical role of private sector participation in leveraging public resources for infrastructure financing in Zambia. The study employed a qualitative research approach by focusing on the perspectives and experiences of key stakeholders involved in public infrastructure financing. A multiple-case study design, encompassing diverse sectors and institutions, is utilised to provide a comprehensive understanding of the subject matter. The findings identify several potential innovative finance instruments suitable for the Zambian context, including debt instruments, risk management instruments, equity-based and partnership financing, and integrated and hybrid instruments. Additionally, the dissertation explores a broad spectrum of key success factors essential for the effective implementation of these innovative financial instruments. These factors include the availability of private capital, the necessity for investment-grade credit ratings, local currency financing, the bankability of projects, stable economic conditions, pension sector growth, financial incentives, proper deal structuring, and effective collaboration between the public and private sectors. The study concludes with recommendations for enhancing innovative financing mechanisms tailored to Zambia's specific context. It advocates for strategic policy changes to attract and sustain private sector investment, addressing the unique challenges and opportunities within Zambia's public infrastructure sector. This research aims to provide valuable insights for policymakers, practitioners, and researchers, contributing to the broader discourse on development finance and sustainable infrastructure development in developing and emerging economies. | |
| dc.identifier.apacitation | Kamiji, K. (2025). <i>Innovative financing of public infrastructure in Zambia: instruments and critical success factors</i>. (). University of Cape Town ,Faculty of Commerce ,Graduate School of Business (GSB). Retrieved from http://hdl.handle.net/11427/41649 | en_ZA |
| dc.identifier.chicagocitation | Kamiji, Kafula. <i>"Innovative financing of public infrastructure in Zambia: instruments and critical success factors."</i> ., University of Cape Town ,Faculty of Commerce ,Graduate School of Business (GSB), 2025. http://hdl.handle.net/11427/41649 | en_ZA |
| dc.identifier.citation | Kamiji, K. 2025. Innovative financing of public infrastructure in Zambia: instruments and critical success factors. . University of Cape Town ,Faculty of Commerce ,Graduate School of Business (GSB). http://hdl.handle.net/11427/41649 | en_ZA |
| dc.identifier.ris | TY - Thesis / Dissertation AU - Kamiji, Kafula AB - This dissertation investigates innovative financing mechanisms for financing public infrastructure in Zambia, juxtaposing current practices with their future potential. It aims to identify the key success factors that enhance the effectiveness of these innovative financial instruments. The research underscores the critical role of private sector participation in leveraging public resources for infrastructure financing in Zambia. The study employed a qualitative research approach by focusing on the perspectives and experiences of key stakeholders involved in public infrastructure financing. A multiple-case study design, encompassing diverse sectors and institutions, is utilised to provide a comprehensive understanding of the subject matter. The findings identify several potential innovative finance instruments suitable for the Zambian context, including debt instruments, risk management instruments, equity-based and partnership financing, and integrated and hybrid instruments. Additionally, the dissertation explores a broad spectrum of key success factors essential for the effective implementation of these innovative financial instruments. These factors include the availability of private capital, the necessity for investment-grade credit ratings, local currency financing, the bankability of projects, stable economic conditions, pension sector growth, financial incentives, proper deal structuring, and effective collaboration between the public and private sectors. The study concludes with recommendations for enhancing innovative financing mechanisms tailored to Zambia's specific context. It advocates for strategic policy changes to attract and sustain private sector investment, addressing the unique challenges and opportunities within Zambia's public infrastructure sector. This research aims to provide valuable insights for policymakers, practitioners, and researchers, contributing to the broader discourse on development finance and sustainable infrastructure development in developing and emerging economies. DA - 2025 DB - OpenUCT DP - University of Cape Town KW - Zambia KW - Finance KW - success factors LK - https://open.uct.ac.za PB - University of Cape Town PY - 2025 T1 - Innovative financing of public infrastructure in Zambia: instruments and critical success factors TI - Innovative financing of public infrastructure in Zambia: instruments and critical success factors UR - http://hdl.handle.net/11427/41649 ER - | en_ZA |
| dc.identifier.uri | http://hdl.handle.net/11427/41649 | |
| dc.identifier.vancouvercitation | Kamiji K. Innovative financing of public infrastructure in Zambia: instruments and critical success factors. []. University of Cape Town ,Faculty of Commerce ,Graduate School of Business (GSB), 2025 [cited yyyy month dd]. Available from: http://hdl.handle.net/11427/41649 | en_ZA |
| dc.language.iso | en | |
| dc.language.rfc3066 | eng | |
| dc.publisher.department | Graduate School of Business (GSB) | |
| dc.publisher.faculty | Faculty of Commerce | |
| dc.publisher.institution | University of Cape Town | |
| dc.subject | Zambia | |
| dc.subject | Finance | |
| dc.subject | success factors | |
| dc.title | Innovative financing of public infrastructure in Zambia: instruments and critical success factors | |
| dc.type | Thesis / Dissertation | |
| dc.type.qualificationlevel | Masters | |
| dc.type.qualificationlevel | Masters |