Gaolathe Pushes for Results-Focused Financing as Project Delays Raise Concern

Gaolathe Pushes for Results-Focused Financing as Project Delays Raise Concern. Finance Minister Ndaba Gaolathe has sounded a strong warning over weak project execution and inefficient use of capital, saying delays, poor planning and rising costs are eroding value and weakening public confidence.

Addressing the need for change in development financing, Gaolathe urged development finance institutions and the wider financial sector to rethink how projects are funded and delivered. He stressed that financial systems should reward productivity and long-term value creation rather than short-term spending cycles.

The minister called for increased use of patient capital to support industrial growth, as well as blended finance models where suitable. He said funding structures must be aligned with sustainable economic expansion instead of quick-return expectations that may undermine lasting impact.

Gaolathe emphasised that the current fiscal environment leaves little room for inefficiency. Public spending, he said, must be tied to measurable economic outcomes that demonstrate clear returns for the country.

“Every pula must answer a simple question: what does it produce?” he stated, underscoring that poor execution not only wastes resources but also damages trust in institutions and the broader economy.He noted that value destruction caused by stalled or mismanaged projects has wider implications, including reduced investor confidence and slower economic momentum.

According to Gaolathe, reforms aimed at improving procurement systems, project readiness, execution discipline and accountability are central to government’s economic strategy. He described these efforts as fundamental to strengthening development outcomes rather than routine administrative adjustments.

The minister also confirmed that work is underway to develop a stronger financing ecosystem for small and medium-sized enterprises and other productive sectors. He said this approach is intended to channel funding into areas that generate sustainable growth and tangible economic benefits.