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IDBZ shelves Gwayi, Plumtree solar projects

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HARARE – The Infrastructure Development Bank of Zimbabwe (IDBZ) says it is shelving two solar power projects of a combined 45MW because of Zesa’s poor transmission infrastructure.

IDBZ will no longer pursue the 15MW Tjibundule solar project in Plumtree, Matabeleland South, whose estimate cost is US$23 million.

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The bank has also abandoned plans to set up the 30MW Gwayi Solar Project in Matabeleland North, which had been projected to cost US$45 million.

“The bank has noted that inadequate transmission and distribution infrastructure will negatively affect the scaling up of renewable energy projects across the country,” said IDBZ CEO Zondo Sakala.

“Grid impact assessments have shown that existing substation and transmission infrastructure will not be able to accommodate some of the Bank’s planned solar projects…hence the Bank’s decision to shelve them.”

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Some “alternative suitable sites for the implementation of the envisaged solar projects” are now being looked at, IDBZ said in its latest half-year financials.

While Zimbabwe is scaling up investment in generation capacity, there has not been equal investment in replacing aged transmission infrastructure.

This may further hurt new energy investment, already limited by the country’s currency and regulatory hurdles.

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According to a report in 2019, Zesa loses almost 20 percent of its power due to aged transmission and distribution infrastructure.

Solar projects are among IDBZ’s priority infrastructure investment areas. While the Plumtree and Gwayi projects have stalled, IDBZ is still invested in the 50MW Rufaro Farm solar project at Longlands Farm outside Marondera.

The bank is also investing in a 20MW plant in Gutu, as well as mini hydros on the Osborne and Odzani rivers.

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In July, IDBZ received accreditation to the Green Climate Fund, which helps in channelling investment in renewable energy.

The bank, like many other local and foreign investors, is facing frustrating red tape in its attempts to get projects off the ground.

“Completion of project preparatory work is also being delayed by the time needed to obtain the required regulatory approvals,” the bank said.

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The bank needs the equivalent of US$2.5 million to prepare and start developing the projects that it has targeted as priorities in 2021.

“In the outlook, the Bank is buoyed by positive economic prospects, macroeconomic stability, an increased focus on infrastructure investment by Government,” said IDBZ. – newZwire

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National

Zimbabwe export surge, diaspora inflows mask funding gaps in foreign affairs sector

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BY STAFF REPORTER 

Zimbabwe is seeing strong gains in export earnings and diaspora remittances, but lawmakers warn chronic underfunding is undermining the country’s diplomatic and economic ambitions.

Parliament heard that remittances reached about $1.8 billion by the third quarter of 2025, while exports rose sharply, helping cut the trade deficit. Lawmakers said the diaspora remains “a vital source of foreign exchange, directly contributing to the enhancement of the nation’s foreign reserves and overall economic stability.”  

However, MPs said financial constraints are weakening the institutions meant to sustain that growth. The Zimbabwe Foreign Services Institute received only a fraction of its budget, limiting recruitment and training.

“The staffing shortfall has inevitably affected operational efficiency and the institute’s ability to discharge its core mandate,” the committee report noted.  

Lawmakers warned that without consistent funding, gains in exports and diaspora engagement could stall, particularly as Zimbabwe pushes toward an export-led economy.

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Government pushes vaccines drive as MPs warn of rural access gaps, misinformation

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BY NOKUTHABA DLAMINI 

Zimbabwean lawmakers have called for urgent action to close immunisation gaps, warning that rural communities remain vulnerable due to weak access and persistent misinformation.

Speaking during Africa Vaccination Week, MPs said vaccines remain “among the most effective, equitable and transformative public health interventions,” but coverage remains uneven.  

“Persistent gaps endure, particularly in rural and underserved areas where barriers of access, awareness and trust continue to impede full immunisation coverage,” one legislator told Parliament.  

Lawmakers urged stronger investment in cold-chain systems and public engagement campaigns, stressing that immunisation is not just a health issue but “a strategic development imperative” tied to productivity and national growth.  

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EcoCash bill splitting signals rise of social commerce in Zimbabwe

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BY STAFF REPORTER

EcoCash’s latest bill-splitting feature on its Super App is not just a product upgrade, it is part of a broader shift towards “social commerce,” where financial transactions are embedded directly into everyday conversations.

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Traditionally, sending money has been a deliberate, separate action: open the app, enter details, confirm payment. But with EcoCash’s integrated chat environment, that process is being redefined. Payments now happen in the same space where decisions are made — within conversations among friends, families and colleagues.

This development, which is being driven by Sasai Fintech, a subsidiary of Cassava Technologies, result is a more natural flow between communication and commerce.

This model, often referred to as chat-first payments, is gaining traction globally. Platforms such as Venmo in the United States and Revolut in Europe have popularised the idea of embedding payments into social interactions, allowing users to split bills, request funds and settle expenses within a messaging context.

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EcoCash’s move signals that Zimbabwe is aligning with — and in some ways accelerating — this global trend.

Unlike many mature markets where card-based payments dominated before social features were layered on, Zimbabwe’s mobile-first ecosystem provides a different foundation. Mobile money is already deeply embedded in daily life, making it easier to integrate financial services into conversational platforms without requiring a behavioural overhaul.

By placing bill-splitting within its chat interface, EcoCash is effectively turning conversations into transaction points. A group discussing dinner plans can now split the bill instantly. Colleagues organising transport can settle contributions in real time. Families coordinating school fees or groceries can move from agreement to payment without leaving the chat thread.

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This convergence of messaging and money is at the heart of social commerce.

From a strategic standpoint, the implications are significant. Each conversation has the potential to generate multiple transactions, increasing activity on the platform while strengthening user engagement. Payments become less of a task and more of a seamless extension of communication.

Industry analysts note that this model tends to drive higher transaction frequency and user retention, as financial interactions become habitual rather than occasional. For EcoCash, the bill-splitting feature is a practical entry point into this space, simple enough to encourage adoption, yet powerful enough to shift behaviour.

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