Britons plan $100 million Zimbabwe investment

The Zimbabwe Investment Authority says some British investors are keen on investing $100 million in the country's energy sector.

Nigel Chanakira, the Authority's chairman said the investors have enquired with ZIA about the investment, an engagement he said was the first of its kind in 15 tears.

He said that was specifically for a $100 million in power generation.

That is the indication in terms of volumes and values that can be done.

Chanakira noted that there had been few transactions that have been done out of the United Kingdom including the $265 million takeover deal of pan-African banking group ABC Holdings by London Stock Exchange listed Atlas Mara.

Zimbabwe is currently grappling with massive power shortages generating approximately 1 100 MW against national demand of at least 2 200 MW.