The country has been having up to 18 hours of load shedding a day which has crippled industry and the mobile phone network system.
Zimbabwe paid Eskom $10 million last month and according to South African media reports it paid another $10 million last week.
Earlier reports said that Zimbabwe owed Eskom $33 million which means that it now has a debt of US$13 million.
Permanent Secretary for Finance George Guvamatanga said Zimbabwe had agreed to pay the balance through weekly payments and expects the country to start getting power from tomorrow on Wednesday.
“I think the arrangement that we have put in place now on electricity should hopefully guarantee us increased supply from tomorrow or Wednesday, “he said.
“Working with the mining sector we have been able to ring-fence adequate resources to pay for at least 400 megawatts of electricity a month.”
Zimbabwe has already been provided 300 MW from the Southern African power pool.
(234 VIEWS)
This post was last modified on August 5, 2019 7:57 pm
A friend who knows about my legal battle with Zimbabwe’s richest man, Strive Masiyiwa, way…
Britain says amendment of the Zimbabwe constitution is a sovereign, legislative matter for Zimbabwe to…
It is now 47 years since I wrote the short story below for a South…
Zimbabwe has released its 2026 monetary policy statement in which it seeks to stabilise its…
Far from it, on paper that is. Ignatius Chombo was one of the longest serving…
Zimbabwe on Thursday announced a ZiG290.9 billion budget with revenue expected to be ZiG287.6 billion,…