Science & Energy

Zimbabwe Power Utility in Talks With Afreximbank on Debt Plan

  • Company owes producers in neighboring South Africa, Mozambique
  • Zimbabwe power shortage means blackouts last 18 hours a day
Photographer: Waldo Swiegers/Bloomberg
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Zimbabwe’s state electricity utility is in talks with the African Export–Import Bank Ltd. to help clear $70 million of arrears it owes power producers in neighboring South Africa and Mozambique.