Interview with our CEO
Summary
The discussion examines renewable energy’s role in Zimbabwe, focusing on cost-effectiveness, financing challenges, and the importance of long-term planning.
Highlights
- Cost-Effectiveness: Solar and wind energy are more affordable than fossil fuels.
- Financing Challenges: High capital costs hinder large-scale renewable projects in Africa.
- Distributed Power Plants: They alleviate pressure on base load power supply systems.
- Hydrogen Potential: Hydrogen fuel cells offer a promising alternative for energy solutions.
- Sustainable Decisions: Responsible electricity usage and infrastructure development are crucial for energy export.
News
Mutapa Fund facilitates US$431m Afreximbank loan for NRZ
The Mutapa Investment Fund (MIF) is working with Afreximbank to provide a US$431 million loan to the National Railways of Zimbabwe (NRZ). The funds will be used to rehabilitate the railway infrastructure and purchase new rolling stock.
The loan, which has a 12-year term, is expected to significantly improve Zimbabwe's logistics sector by enhancing efficiency and reducing reliance on road transport. Ultimately, this will boost economic growth and trade.
MIF is confident in the NRZ's ability to manage the project and repay the loan, as it is structured to be self-liquidating through revenue generated by the railway.