Mnangagwa and his officials have announced more than $27 billion of planned investment #MegaDeals ranging from new platinum mines to steel mills and hydropower dams so far. Eighteen months into his rule, he has little to show for it and now its really tricky for the ordinary Zimbabweans to believe what the government has recently announced.
During Tuesday’s post- Cabinet media briefing, the Acting Minister for Energy and Power Development, Sekai Nzenza said that a local bank has put up a US$15m guarantee to unlock the supply of 400MW from Eskom.
Minister Nzenza also said that the Zimbabwe Electricity Transmission and Distribution Company (ZETDC) and the Reserve Bank of Zimbabwe (RBZ) have also agreed on a payment plan with South Africa’s power utility, Eskom.
Nzenza said that these initiatives will enable the country to have more electricity.