https://en.sputniknews.africa/20250422/zimbabwes-energy-sector-drives-investment-growth-in-q1-1072183035.html
Zimbabwe's Energy Sector Drives Investment Growth in Q1
Zimbabwe's Energy Sector Drives Investment Growth in Q1
Sputnik Africa
Zimbabwe's Energy Sector Drives Investment Growth in Q1 22.04.2025, Sputnik Africa
2025-04-22T10:17+0200
2025-04-22T10:17+0200
2025-04-22T10:17+0200
sub-saharan africa
zimbabwe
economy
southern africa
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Zimbabwe's Energy Sector Drives Investment Growth in Q1The energy sector in Zimbabwe was boosted by the $2 billion, 600 megawatt coal power project in Binga by Yuanlin Energy Investments, according to the Zimbabwe Investment and Development Agency (ZIDA). 👉 The initiative, part of a larger investment of US$2.71 billion, positioned Matabeleland North as the top province and aims to enhance energy security, especially for mining and manufacturing.Total projected investment in Zimbabwe reached US$4.7 billion in Q1, with the breakdown as follows:ZIDA CEO Tafadzwa Chinamo reported a 44.8% increase in new investment licenses during Q1. Investor interest remains strong in:
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zimbabwe, economy, southern africa
zimbabwe, economy, southern africa
Zimbabwe's Energy Sector Drives Investment Growth in Q1
Zimbabwe's Energy Sector Drives Investment Growth in Q1
The energy sector in Zimbabwe was boosted by the $2 billion, 600 megawatt coal power project in Binga by Yuanlin Energy Investments, according to the Zimbabwe Investment and Development Agency (ZIDA).
👉 The initiative, part of a larger investment of US$2.71 billion, positioned Matabeleland North as the top province and aims to enhance energy security, especially for mining and manufacturing.
Total projected investment in Zimbabwe reached US$4.7 billion in Q1, with the breakdown as follows:
Leading Sector: Energy ($2.72B, 57.39%), primarily in Matabeleland North (coal/thermal)
Other Key Sectors: Mining ($906.8M, 19%) and Manufacturing ($877M)
ZIDA CEO Tafadzwa Chinamo reported a 44.8% increase in new investment licenses during Q1. Investor interest remains strong in:
