Story by Stanley James, Business EditorTHE country’s energy sector has solidified its position as a leading driver of national development, with the refurbishment of the Hwange Thermal Power Station, Units One to Six, topping the list of approved projects for the third quarter of the year.According to the Zimbabwe Investment and Development Agency (ZIDA) third-quarter report, the Hwange rehabilitation project marks a major milestone in efforts to address power supply challenges, in line with the National Development Strategy One (NDS1) objective of achieving energy self-sufficiency.ZIDA highlighted the growing involvement of the private sector as a key achievement, noting that the mobilisation of both technical expertise and financial capital is essential for sustaining progress in the energy sector.The refurbishment project, though capital-intensive, has been described as a critical enabler of economic growth, positioning Zimbabwe as a competitive investment destination within the region and globally.“This is a positive development as it aligns with the thrust towards inclusivity among energy partners. It reflects that the private sector is willing to work hand-in-hand with the government to enhance energy delivery systems,” said Construction Industry Federation of Zimbabwe Chief Executive Officer, Mr Martin Chingaira.In a related development, ZIDA also acknowledged the official designation of the Manhize Special Economic Zone for the Dinson Iron and Steel Company which is projected to significantly strengthen Zimbabwe’s industrial value chain and further cement the country’s growing status as a major regional and global industrial hub.“The granting of the Special Economic Zone status is a major step. It will attract more investors and related projects, boosting industrialisation and driving infrastructure development in and around the town,” said EG Construction Managing Director, Engineer Ephraim Gwindingwi.The report further revealed that the finance and mining sectors remained dominant in terms of investment value, with an increase in the issuance of new project licences.Bulawayo province led the pack in approved investment licences, followed by Harare, Manicaland, Mashonaland Central, Masvingo, Matabeleland North, Matabeleland South, and Midlands provinces.
Story by Stanley James, Business Editor
THE country’s energy sector has solidified its position as a leading driver of national development, with the refurbishment of the Hwange Thermal Power Station, Units One to Six, topping the list of approved projects for the third quarter of the year.
According to the Zimbabwe Investment and Development Agency (ZIDA) third-quarter report, the Hwange rehabilitation project marks a major milestone in efforts to address power supply challenges, in line with the National Development Strategy One (NDS1) objective of achieving energy self-sufficiency.
ZIDA highlighted the growing involvement of the private sector as a key achievement, noting that the mobilisation of both technical expertise and financial capital is essential for sustaining progress in the energy sector.
The refurbishment project, though capital-intensive, has been described as a critical enabler of economic growth, positioning Zimbabwe as a competitive investment destination within the region and globally.
“This is a positive development as it aligns with the thrust towards inclusivity among energy partners. It reflects that the private sector is willing to work hand-in-hand with the government to enhance energy delivery systems,” said Construction Industry Federation of Zimbabwe Chief Executive Officer, Mr Martin Chingaira.
In a related development, ZIDA also acknowledged the official designation of the Manhize Special Economic Zone for the Dinson Iron and Steel Company which is projected to significantly strengthen Zimbabwe’s industrial value chain and further cement the country’s growing status as a major regional and global industrial hub.
“The granting of the Special Economic Zone status is a major step. It will attract more investors and related projects, boosting industrialisation and driving infrastructure development in and around the town,” said EG Construction Managing Director, Engineer Ephraim Gwindingwi.
The report further revealed that the finance and mining sectors remained dominant in terms of investment value, with an increase in the issuance of new project licences.
Bulawayo province led the pack in approved investment licences, followed by Harare, Manicaland, Mashonaland Central, Masvingo, Matabeleland North, Matabeleland South, and Midlands provinces.
