An analysis of the use of project finance in Zambia infrastructure projects : the case of Maamba Collieries.
| dc.contributor.author | Musonda, Kennedy | |
| dc.date.accessioned | 2023-07-06T08:02:29Z | |
| dc.date.available | 2023-07-06T08:02:29Z | |
| dc.date.issued | 2023 | |
| dc.description | Thesis | en |
| dc.description.abstract | Project Finance has been regarded as a one-stop-shop capable of addressing the gaps in infrastructure financing of most countries. In Zambia, much has been talked about regarding the need for the country to improve its infrastructure. Stakeholders in development have realized that infrastructure is an essential driver of competitiveness which is critical for ensuring the effective functioning of any economy and the country must have basic reliable infrastructure, among others; airports, road networks, railway lines, energy generation, and transmission installations, and telecommunication infrastructure. This research analyzed the use of project finance in Zambia’s infrastructure projects using Maamba Collieries as a case study. This research adopted a qualitative approach and interviews were used as the data collection method from a total of twenty (20) key informants. Data was analyzed using thematic analysis. Hence, having explored the relevant body of literature, the targeted institutions included Maamba Collieries Limited as it used project finance in developing the power project, a deal described as the project finance deal of the year 2016, financial institution which was the source of long term debt financing, an investment promotion and facilitation agency, an energy regulatory body, a state energy utility company, and a unit responsible for Public-Private Partnerships (PPPs) as they all represent government a host to project finance deals. The research findings sufficiently supported the use of project finance to close Zambia’s infrastructure gap. The experts who were interviewed had no doubt that project finance is an appropriate financing model to develop the country’s infrastructure. The growth of project finance in Zambia is constrained by factors such as; the lack of financial resources dedicated to PPP projects, unclear guidelines and regulations to both authorities and the private sector, as well as inadequate expertise in areas such as economics, law and finance in the government departments Nevertheless, the findings of this research also revealed that the cornerstone of the success and continued use of project finance depends on political will and policy consistency. KEYWORDS: Project Finance; Special Purpose Vehicle; infrastructure; Corporate Finance; Energy | en |
| dc.identifier.uri | http://dspace.unza.zm/handle/123456789/8038 | |
| dc.language.iso | en | en |
| dc.publisher | The University of Zambia | en |
| dc.subject | Project management. | en |
| dc.subject | Public-private sector cooperation. | en |
| dc.subject | Public contracts. | en |
| dc.subject | Infrastructure (Economics) | en |
| dc.subject | Financing--Government projects. | en |
| dc.title | An analysis of the use of project finance in Zambia infrastructure projects : the case of Maamba Collieries. | en |
| dc.type | Thesis | en |