Essay about Statecraft

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Mardy Fish handed first-round loss

South Africa’s Eskom considers power imports from Mozambique

What Zim-Asset has achieved so far
July 30, 2015 Business

Business Editor
WITH the Zimbabwe Agenda for Sustainable Socio-Economic Transformation (Zim-Asset) now due for mid-term review, keen interest surrounds its implementation and possible outcomes.
Anchored on four strategic clusters — value addition and beneficiation, infrastructure and utilities, food security and nutrition, social services and poverty eradication — the five-year development policy is premised on leveraging the country’s natural resources to achieve economic growth through empowerment of ordinary Zimbabweans.

An average of 7,3 percent growth target and
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However, background work is required prior to the implementation of any project, said Minister Chinamasa.

He gave a snapshot of the stages that have to be followed to fully realise gains from the deals.

These include — signing of memoranda of understanding, conducting pre-feasibility and feasibility studies, conducting environmental impact assessment studies (EIAS), appraisal of feasibility reports, carrying out due diligence exercises by both parties, signing of loan agreements, release of funds and project implementation.

The minister said a number of projects were at various stages of implementation under the economic cooperation with China.

Kariba South Hydro Power Station Extension

The government of Zimbabwe and China Exim Bank signed a $319.5 million preferential buyer’s credit loan agreement for the project on November, 11, 2013.

Two generating units of 150 megawatts each, giving a total of 300 megawatts, will be added at Kariba South Hydro Power Station. The target project completion date is 2017. This project is being implemented by Sino Hydro Corporation. To date, a total of $100.4 million has been disbursed.

Increasing power generation capacity at Hwange

The power generation capacity has since been increased to 690MW from 450MW. Four mini hydro schemes have been initiated although only Pungwe B is currently generating electricity. Various road rehabilitation projects have since been undertaken

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