The Zimbabwean Government has approved the establishment of a US$25 million transmission cable manufacturing plant in Harare.
Speaking during the post-cabinet briefing, the Minister of Information, Publicity, and Broadcasting Services, Dr Jenfan Muswere said the initiative is to support investment.
The initiative is an agreement between ZESA Enterprises (Pvt) Ltd with Management Services Company.
“The nation is advised in support of the initiative to promote investments and access to reliable and affordable energy.
“Cabinet approved ZESA Enterprises (Pvt) Ltd. to conclude an agreement framework with Management Services Company establishment of a US$25 million transmission cable manufacturing plant in Harare.
“The joint venture project will enable the transfer of technology and expertise to ZESA Enterprises and its staff.”
Dr Muswere said the project will ensure the availability of power cables for the revitalization and expansion of transmission and distribution networks to meet national targets for increased access to electricity.
“Cabinet advises that players in the mining and cable manufacturing value chains and downstream industries will also benefit significantly from the project.
“The local copper mines will have a local market for their produce, and there will be significant employment opportunities for Zimbabweans.
“The value chains will also contribute to the increased gross domestic product, through local, regional, and continental cable and related product sales which will also include exports.”
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