
TechnoMag: Zimbabwe Tech News
June 19, 2025 at 03:11 PM
*Zimbabwe Signs US$1.5m Deal With InfraCo Africa*
July Moyo, Zimbabwe's Energy and Power Development Minister, has signed a US$1.5 million Government Project Support Agreement (GPSA) with InfraCo Africa to accelerate the development of the 30MW Vungu Solar Project in the central Midlands Province. The agreement establishes Zimbabwe as the first globally project-financed solar Independent Power Producer (IPP), paving the way for increased foreign investment in the country's renewable energy sector.
The power transaction was signed on the margins of the ongoing Africa Energy Forum in Cape Town, South Africa, where energy ministers, financiers, and development partners from around the continent are convening to advance Africa's clean energy agenda.
By Gamuchirai Mapako
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