News
Market
Jobs
About
Contact
List Product
Register
Login
Generate
WhatsApp Message
*ZESA Turns To Afreximbank To Help Clear Its $70 Million Debt* *Follow Pindula on WhatsApp for daily new updates* https://whatsapp.com/channel/0029Va84dngJP21B2nWeyM3v?fd The Zimbabwe Electricity Supply Authority (ZESA) Holdings is reportedly engaged in negotiations with the African Export-Import Bank (Afreximbank) to help clear US$70 million it owes power producers in South Africa and Mozambique. Zimbabwe needs to repay the debt to avoid having supplies cut off by Mozambique’s Electricidade de Mocambique and Hidroelectrica de Cahora Bassa and South Africa’s Eskom. ---------- *Latest itel S24 now available on Pindula* $124 Cash on Delivery in Harare & Bulawayo. WhatsApp: 0️⃣7️⃣8️⃣3️⃣ 4️⃣5️⃣0️⃣ 7️⃣9️⃣3️⃣ ---------- Speaking during an interview with Bloomberg in Harare, ZESA CEO Patrick Chivaura said: > We are in the process of finalising a financing arrangement. > We have made great progress in settling our regional suppliers but we still owe them about $70m. Chivaura said that ZESA has so far honoured an agreement made in August to pay Eskom $4 million per month to get 400MW of power in terms of a non-binding contract. Meanwhile, ZESA has requested for a binding arrangement with Eskom and is expecting a response by the end of January. *More: Business Live* _If you found this article useful_ *Please support Pindula by forwarding to friends and groups*
Copy to clipboard
Give us Feedback
Full Name
WhatsApp Number
Feedback
Submit
Feedback