The Africa Water Investment Summit opened Wednesday in Cape Town, aiming to mobilize $30bn annually to close Africa’s water investment gap.

Under South Africa’s G20 presidency, the event brings together African leaders, G20 members, investors, and development agencies. President Cyril Ramaphosa launched the Global Outlook Council on Water Investments to coordinate global funding efforts. The summit will adopt a declaration to scale up investment, improve governance, and showcase 80 priority projects from 38 countries, according to Xinhua.