Online Reporter
Online Reporter
ZIMBABWE embarked on a charm offensive at the 80th session of the United Nations General Assembly in New York, US, as it tried to lure investors in power generation, telecommunications and climate financing.
Energy and Power Development Minister July Moyo and a delegation from Zesa Holdings engaged global investors in an effort to attract investments and unlock transformative opportunities.
The delegation indicated that Zimbabwe was open for business in areas such as renewable energy, carbon markets, ICT infrastructure and innovative public-private partnerships.
Five action points were agreed during the discussions — developing a carbon credits framework; exploring transition credits; advancing waste gas utilisation; unlocking financing for gas-to-power projects; and hosting a carbon markets workshop.
Among some of the key outcomes, investors proposed a joint venture with Powertel — Zesa’s telecommunications arm — focused on expanding fibre networks, data centres and Agri-Fintech solutions.
This envisaged public-private partnership (PPP) model promises to enhance the digital landscape and drive economic growth, leveraging existing Zesa transmission lines for fibre rollout.
“Our message is simple — Zimbabwe is ready for serious investors who want to be part of our energy transition story. We have the resources, the policy support and the demand. What we seek are partners who can bring capital, technology and innovation to power
up Zimbabwe’s future,” Minister Moyo said.
This call for investment aligns with the recent Cabinet approval for private sector partnerships to distribute and retail electricity in major urban centres, a strategic move that underscores Zimbabwe’s commitment to expanding energy access nationwide.
This mission not only emphasised Zimbabwe’s dedication to energy security and investment partnerships but also reflected on the commitment to sustainable growth.
With a clear vision and actionable plans, Zimbabwe is poised to become an important player in energy transition, offering promising opportunities for both its citizens and investors.
