Harare, The Zimbabwe Electricity Transmission and Distribution Company has secured a USD210 million facility from Afreximbank to overhaul the country’s power infrastructure, a move set to strengthen the national grid, roll out smart metering, and combat widespread vandalism.
Out of the package, USD50 million has been earmarked for power imports to stabilize supply, while USD5 million will be directed towards upgrading the Supervisory Control and Data Acquisition system to enhance monitoring and control across the grid.
The investment will also see the introduction of smart meters capable of remote management of electricity usage, a development expected to improve customer convenience while boosting operational efficiency for the utility.
Energy analysts say the facility represents a decisive step in modernizing Zimbabwe’s fragile electricity backbone, but caution that sustainable success will depend on consistent investment, effective regulation, and stronger measures to tackle vandalism and revenue leakages that have long hampered the sector.
