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Subscriber

Nearly a year after the unity government came to power, Zimbabwe’s economic fundamentals are little improved and financiers are holding back from supporting essential projects, writes Kevin Godier

Zimbabwe
Issue 178 - 12 January 2010

Botswana to fund refurbishment

Subscriber

Zesa Holdings has reached a deal worth $8m with Botswana Power Company to refurbish the Bulawayo power plant in exchange for electricity exports (AE 173/10). “The deal will see us reviving Bulawayo thermal power station and enabling us to generate 90MW and of this 40MW will be exported to Botswana as per agreement,”

Zimbabwe
Issue 176 - 11 December 2009

CORPORATE FINANCE: AfDB, Sonelgaz

Subscriber

AFRICAN BANKING CORPORATION: AfDB credit; SONELGAZ: Algerian parastatal finance debate rolls on

Mozambique | Botswana | Zimbabwe | Algeria | Tanzania
Issue 173 - 30 October 2009

Gaborone in talks to fund Bulawayo rehab

Subscriber

Zimbabwe is in talks with Botswana to export 40MW of power over three years in exchange for the rehabilitation of the 90MW Bulawayo power station.

Botswana | Zimbabwe
Issue 170 - 19 September 2009

Engen, KenolKobil to acquire Shell/BP JV

Subscriber

Engen Petroleum and KenolKobil have signed a sale and purchase agreement to jointly acquire all the shares in Shell Zimbabwe (Private) Ltd and BP Zimbabwe (Private) Ltd.

Zimbabwe
Subscriber

Hwange thermal power station is ready to resume operating at full capacity following refurbishment work by Zesa Holdings and Namibia Power Corporation (Pty) Ltd (NamPower), provided coal supply can be maintained, The Herald newspaper reported.

Zimbabwe
Issue 163 - 23 May 2009

Signs of hope on the credit front

Subscriber

Zimbabwe appeals for funds but international investors remain wary

Zimbabwe
Subscriber

Following the end of its civil war, Angola has become an increasingly assertive regional player, reflected in a number of security deals – projecting the powerful Forças Armadas Angolanas (FAA) beyond Angola’s borders, notably in Brazzaville and Kinshasa – and in its determination to support Zimbabwe’s Robert Mugabe.

Angola | Zimbabwe | Congo Brazzaville
Free

With the military top brass that prop up his régime boycotting the mid-February ceremony to launch a long-awaited national unity government, President Robert Mugabe and his allies are manoeuvring, as ever, to hobble his key political opponent and new Prime Minister Morgan Tsvangirai.

Zimbabwe
Issue 157 - 20 February 2009

Zesa still owes money to HCB

Free

Zimbabwe Electricity Supply Company (Zesa) still owes money to the Cahora Bassa dam operating company Hidroeléctrica de Cahora Bassa (HCB), despite promises to clear its debt.

Botswana | Zimbabwe
Issue 152 - 12 December 2008

Hwange refurbishment makes progress

Subscriber

Despite Zimbabwe’s catastrophic political and humanitarian situation, work on rehabilitating the Hwange thermal power station is progressing, with financing from Namibian parastatal NamPower (AE 131/6). “Units 3 and 1 have been refurbished in full while unit 4 should be completed early in January 2009,” John Langford, NamPower’s project leader responsible for Hwange’s refurbishment, told African Energy.

Zimbabwe
Issue 147 - 05 October 2008

Zimbabwe deal but no deal

Subscriber

Mugabe did a public deal to share power with Tsvangirai, but the octogenarian president has no intention of stepping back, and Zimbabwe’s political and economic crisis thus shows no sign of letting up.

Zimbabwe
Issue 147 - 05 October 2008

NamPower’s Hwange power deal

Free

Taking risk on the cash-strapped utility Zimbabwe Electricity Supply Authority (Zesa) has been low on anybody’s list of priorities in recent years. However, African Energy was told that Namibia Power Corporation’s deal with Zesa

Namibia | Zimbabwe
Issue 143 - 19 July 2008

Engen buys Shell assets

Subscriber

Engen Petroleum has concluded a sale and purchase agreement to buy Royal Dutch Shell’s downstream business interests in Lesotho and Zimbabwe. The Malaysian-owned company said it was buying Shell’s share in a joint venture with BP in Zimbabwe, and taking a long-term view that the economy would recover.

Lesotho | Zimbabwe
Subscriber

As its real economy collapses, Zimbabwe seems condemned to suffering an ever-worsening power crisis. But at a regional level NamPower’s rescue deal for Zesa has started to bear fruit, with the first electricity flowing across the border into the Namibian grid.

Namibia | Zimbabwe