Zimbabwe: ZPC secures $120m debt package

Standard Bank as mandated lead arranger has finalised a $120m debt package with Zimbabwe Power Company (ZPC) for the rehabilitation of the Hwange and Kariba South power plants. Standard Bank partnered the Eastern and Southern African Trade and Development Bank (PTA Bank) to deliver the financing, which was a continuation of a previous funding arrangement with ZPC that went towards its contribution to the 300MW expansion of Kariba South.