Trade & Industry

Zimbabwe settles debt to Eskom, energy minister says

Eskom has excess capacity of about 7,500 megawatts available due to the lockdown

Zimbabwe settles debt to Eskom, energy minister says

Zimbabwe settles debt to Eskom, energy minister says

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Zimbabwe has paid the $33m debt it owed to South Africa’s Eskom Holdings SOC Ltd., the country’s energy minister said.

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“We will now have to re-engage for additional power supplies,” Minister of Energy and Power Development Fortune Chasi said. “Our attention will now turn to settling our debt with Mozambique.”

According to a Bloomberg report, Eskom has electricity capacity available should Zimbabwe, which has suffered daily power cuts for months, request additional supply.

“At this point we have excess capacity, about 7,500 megawatts is available. That’s due to the lockdown,” Eskom spokesman Sikonathi Mantshantsha said.

Reporting for Business Tech Africa on the funding, tools and strategy shaping the continent's founders and SMEs.

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