The Government of the Republic of Zimbabwe (“The Government”) has elected to liberalise the electricity sector by inviting the private sector to participate in the procurement of energy.
Southern Africa faces an immediate and growing crisis in terms of the availability of electrical energy from all sources. Today the South African grid is operating effectively at 60% of potential which leaves a domestic shortfall.
A White Paper on the Impact of the United States Zimbabwe Democracy and Economic Recovery Act passed into Law in December 2001.
Correspondent banking relationships (CBRs), which facilitate global trade and economic activity, over the past two decades were terminated with the Zimbabwean Banks. The loss of CBRs affects the country's ability to trade with the rest of the world. External trade is the backbone of any economy. No economy can survive if it is completely cut out of global trade.
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