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Old Mutual pushes Dete solar project as it seeks to light up Zimbabwe

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BY CRECEY KUYEDZWA

Old Mutual Zimbabwe – a subsidiary of Old Mutual – has poured US$12.4 million into solar projects around that southern African country, which will generate a combined 25 MW upon completion.

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Among other projects, OMZim has invested in a 5.4 MW solar farm at Cross Mabale in Dete, Matabeleland North province.

The Zimbabwe economy has been struggling with high levels of inflation which remained above 56% at the last count in July 2021.

The country is currently not energy sufficient and imports at least 300 MW from Eskom South Africa, while other imports are coming from Mozambique’s Cahora Bassa.

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OMZim says its investment activities are now focused on activities that will “help the economy recover and grow as well as helping our clients preserve value for their investments”.

In the Old Mutual Anchors Magazine (11th issue, 2021), OMZim said it will continue to recognise and support sectors such as sustainable energy, agriculture, and other green climate projects.

While OMZim’s portfolio has been anchored on insurance and investment in the major cities, it explained that the group’s new strategy is to “diversify away from city buildings and venture into private infrastructure and equity investments, specifically in the energy sector”.

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“We have invested US$12.4 billion into solar projects around Zimbabwe that will generate a combined 25 MW upon completion and also contribute in feeding electricity into the national grid,” it said.

The Cross Mabale investment, which is a joint venture between Old Mutual Investment Group and Solgas Energy, was expected to go live on at the end of last month.

“The farm has been under construction since 2019, with Old Mutual investing US$7.3 million on the project, which is made of 16 000 solar panels,” OMZim said.

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Another solar project OMZim is invested in is Harava Solar, which is building a 20 MW solar farm in Seke just outside of Harare.

The initial phase of 6 MW is done and the company plans to complete the project by November this year.

The plant will provide power to 45 000 households, according to officials.

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OMZim has also funded the installation of solar-powered irrigation equipment to assist water reticulation and small-scale agriculture at 26 schools.

According to CEO Samuel Matsekete, OMZim’s investments in alternative assets continue to track well.

“We closed ahead of the targets that we set at the beginning of the year,” Matsekete told the company’s AGM last week.

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The CEO also stated that they sustained investments in infrastructure, projects such as those in green energy or investments in the real estate sector.

“While some of these projects were derailed by Covid-19-induced lockdowns, a few were completed during the period under review. We continued to deploy capital in new projects and in initiatives aimed at making the business more effective and efficient in serving our customers.”

The investments in solar by Old Mutual come as more and more Zimbabwean companies are turning to solar energy for power supplies.

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Zimplats, the Zimbabwean unit of Impala Platinum (Implats), plans to build two solar power plants with generation capacity of 185 MW to power its operations. – Fin24

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Zimbabwe fast-tracks approval of long-acting HIV prevention drug Lenacapavir

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BY WANDILE TSHUMA

Zimbabwe has taken a major step in the fight against HIV following the rapid approval of Lenacapavir, a groundbreaking long-acting injectable for HIV pre-exposure prophylaxis (PrEP). The Medicines Control Authority of Zimbabwe (MCAZ) authorised the drug in just 23 days, marking one of the fastest regulatory approvals in the country’s history.

The application, submitted by pharmaceutical company Gilead Sciences in October, underwent an expedited review because of its public health importance. MCAZ says the fast-tracked process did not compromise scientific scrutiny, with the product subjected to a rigorous assessment of its safety, efficacy and quality.

Lenacapavir is designed for adults and adolescents weighing at least 35kg who are HIV-negative but at substantial risk of infection. Unlike traditional daily oral PrEP, the medicine is administered as a six-monthly injection, following an initiation phase that includes one injection and oral tablets on Days 1 and 2. Health authorities say this long-acting formulation could dramatically improve adherence and expand prevention options, particularly for communities where daily pill-taking is difficult.

MCAZ Director-General  Richard T. Rukwata described the approval as a landmark moment in Zimbabwe’s HIV response.

“The rapid approval of Lenacapavir reflects MCAZ’s dedication to accelerating access to trusted, high-quality health products. This milestone brings new hope for HIV prevention and reinforces our commitment to safeguarding public health,” he said.

To fast-track the process, the Authority applied a regulatory reliance approach, drawing on scientific assessments from the World Health Organization’s Prequalification Programme (WHO PQ). This allowed evaluators to build on internationally recognised review processes while ensuring Zimbabwe’s own standards were met.

The introduction of Lenacapavir comes as Zimbabwe continues efforts to reduce new HIV infections, particularly among young people and key populations who face barriers to consistent PrEP use. Public health experts say the drug’s twice-yearly dosing could be a game changer in improving uptake and protection.

MCAZ says it remains committed to ensuring Zimbabweans have access to safe, effective and good-quality medical products, in line with its mandate under the Medicines and Allied Substances Control Act.

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ZimParks to host first-ever International Wildlife Conservation symposium

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BY NOKUTHABA DLAMINI

The Zimbabwe Parks and Wildlife Management Authority (ZimParks) will hold its inaugural International Wildlife Conservation Symposium under the theme “Wildlife Conservation and Sustainable Development.”

The two-day event, scheduled for October 22 to 23, next week, will take place at the Management Training Bureau in Msasa, Harare. It will bring together conservationists, researchers, policymakers, and students to discuss key issues around wildlife protection and sustainable development.

The symposium will focus on eight sub-themes, namely Wildlife Conservation and Transboundary Management, Freshwater, Fisheries and Aquatic Management, Sustainable Tourism and Socio-Economic Development, Human-Wildlife Interactions, Environmental Health and Safety, Climate Change Adaptation and Mitigation, Community-Based Natural Resource Management, and Natural Resource Policy and Governance.

ZimParks says the symposium will provide a platform to exchange ideas and deepen understanding of the link between wildlife conservation and sustainable development. Members of the public, students, and professionals are encouraged to attend.

 

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CCC legislators in road accident, Nkulumane MP dies

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BY STAFF REPORTER

One Citizens Coalition for Change (CCC) legislator has died while four others were seriously injured in a road accident that occurred early Friday morning near Shangani along Bulawayo-Harare highway.

CCC spokesperson Promise Mkhwananzi confirmed the accident, saying it happened between 2 a.m. and 3 a.m. when the vehicle carrying the members collided with an elephant.

“The vehicle hit an elephant along the Shangani area, and unfortunately Honourable Desire Moyo, the Member of Parliament for Ngulumane, died on the scene,” Nkwananzi said.

He added that the other occupants — Honourable Madalaboy Ndebele, Senator Rittah Ndlovu, Honourable Sethulo Ndebele, and Libion Sibanda — sustained serious injuries and were rushed to a hospital in Bulawayo.

Nkwananzi said he was deeply shocked by Moyo’s death, as he had met him just yesterday in Harare.

“I had seen Moyo yesterday and we spent about an hour chatting outside Jamieson Hotel about the party and our future plans for national development,” he said. “I’m gutted by his passing. It’s a huge loss for the party.”

He conveyed his condolences to the Moyo family and wished a speedy recovery and strength to the families of the other CCC members who remain in critical condition.

He said further details, including the name of the hospital where the injured are receiving treatment, would be released once confirmed.

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