Standard Banks raises USD120 million for Zimbabwe Power Company

After a tumultuous period, Zimbabwe Power Company might have some reprieve.

Standard Bank said it has secured a debt funding of USD120 million for the state utility firm.

For some time now, the Zimbabwe Power Company has been grappling with liquidity problems.

Standard Bank said funds will be used for rehabilitation of existing power infrastructure at Kariba South Hydro Power Station and Hwange Thermal Power Station.

Leave a Reply

Your email address will not be published.