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

Published

4 years ago

August 24, 2021

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.

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.

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”.

“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.

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.

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.

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.

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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ZimParks to host first-ever International Wildlife Conservation symposium

Published

1 week ago

October 17, 2025

VicFallsLive

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.

National

CCC legislators in road accident, Nkulumane MP dies

Published

2 weeks ago

October 10, 2025

VicFallsLive

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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National

Doctors slam delays in using sugar tax funds for cancer treatment equipment

Published

3 weeks ago

October 8, 2025

VicFallsLive

BY WANDILE TSHUMA

The Zimbabwe Association of Doctors for Human Rights (ZADHR) has expressed concern over the government’s continued delays in disbursing funds from the Sugar Tax meant for the procurement of cancer treatment equipment.

In a statement released yesterday , ZADHR said it was deeply worried by the slow pace of progress, two years after the introduction of the levy that was expected to finance the purchase of essential medical equipment for cancer patients across the country.

According to the association, by November last year, the Ministry of Finance and Economic Development had confirmed collecting US$30.8 million through the sugar tax — a surcharge imposed on sugary drinks and beverages. However, no disbursement had yet been made to the Ministry of Health and Child Care for the intended purpose.

“This delay undermines the purpose of the Sugar Tax, which was intended to improve public health outcomes through targeted investment in non-communicable disease management, including cancer prevention and treatment,” ZADHR said.

Zimbabwe currently bears one of the highest cancer burdens in Southern Africa, with an age-standardised incidence rate of 208 per 100,000 people and a mortality rate of 144 per 100,000, according to Globocan 2022 data. These figures surpass those of neighbouring countries such as South Africa, Namibia, Zambia, and Botswana.

The association warned that the government’s inaction continues to worsen the plight of thousands of patients who face long waiting lists and limited access to treatment.

“The country records over 17,700 new cases and nearly 12,000 deaths annually, largely due to late diagnosis and inadequate treatment capacity,” read the statement. “This growing burden strains Zimbabwe’s fragile health system, escalates household health expenditures, and undermines productivity.”

ZADHR called on the Ministry of Finance to urgently release the collected funds and for the Health Ministry to ensure transparent procurement and installation processes once funds are received.

The association also urged the Ministry of Health to build technical capacity among staff to maintain and effectively utilise the new equipment once installed.

“Equitable access must be at the centre of this rollout. Beyond the main Central Hospitals, provincial and district centres should also benefit to ensure no patient is left behind,” ZADHR added.