Zimbabwe pays off Eskom debt


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Zimbabwe has paid off the $33 million debt it owed to South Africa’s Eskom Holdings SOC Ltd., the country’s Energy Minister said.

“We will now have to re-engage for additional power supplies,” Fortune Chasi, the minister, said by phone today. “Our attention will now turn to settling our debt with Mozambique.”

Earlier Chasi had tweeted: “Hard to believe but ESCOM has, in fact now been paid off.  Eskom was paid the last US$890 000.00 for imports during this week. This means Zesa can now negotiate for additional supplies if available. Attention now turns to HCB ( Mozambique).”-Bloomberg/Own

 

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Charles Rukuni
The Insider is a political and business bulletin about Zimbabwe, edited by Charles Rukuni. Founded in 1990, it was a printed 12-page subscription only newsletter until 2003 when Zimbabwe's hyper-inflation made it impossible to continue printing.

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