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Victoria Falls Solar Park project sold for US$13 million

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HARARE – Kibo Energy plc, a United Kingdom renewable energy company listed in London and Johannesburg, has acquired the 100MW Victoria Falls Solar Park project for US$13 million.

The first 25MW of the project is fully funded and under construction, with the first 5MW expected to be in production by end of April 2022. The 25MW is to be connected to the grid by year-end.

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Kibo is buying the project through a share purchase agreement with Brownhill, the company that was developing the project via its subsidiary Power Ventures.

Kibo, which has previously had interests in coal mining, has been moving away from fossils to invest in renewables, and CEO Louis Coetzee, says the Victoria Falls deal ties in with its strategy.

“We are pleased to have been in a favourable position to participate in this transaction, which is timely, following the company’s strategy to disinvest from fossil fuels and focus on renewable and clean energy projects,” Coetzee says.

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“The successful completion of this Transaction will scale up Kibo’s footprint in Africa, with the potential addition of renewable energy projects in excess of 100MW with the first 5MW going into production at the end of April and the first 25MW fully funded for construction and commissioning.”

It is connected to the Hwange-Victoria Falls national transmission line, less than a kilometre from the solar facility.

On completion, the project will generate 100 MW of solar power, and is projected to deliver free cashflow (EBIT) of around US$107 million, according to the company.

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In 2020, government invited bids for the installation of 500MW of solar power plants, hoping a shift to renewable energy will help ease crippling power cuts.

But investment into Zimbabwean solar has been slowed by investor doubts that they will be paid in US dollars for supplying power. Government is reluctant to issue IPPs the guarantees they demand.

The Victoria Falls project, however, has a 10-year power purchase agreement denominated in US dollars, and it will supply mining and industrial customers.

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Kibo, has invested in coal assets before, including a 300MW coal-to-power project in Tanzania and Mabesekwa in Botswana. But it is shifting to renewables, with one of its most recent new projects being a 2.7MW plastic-to-syngas power plant in South Africa.

The company’s acquisition strategy has been to target projects that are near production; its renewable energy assets all have a time horizon of less than 18 months to first production. – newZwire

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Tourism bill clears National Assembly, moves to Senate

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BY NOKUTHABA DLAMINI 

Zimbabwe’s Tourism Act Amendment Bill has been passed by the National Assembly and now awaits debate in the Senate, marking a key step towards overhauling the country’s tourism sector.

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According to the explanatory memorandum, “This Bill seeks to establish a Zimbabwe Tourism Authority that is responsible for the regulation for the tourism and hospitality industry, and the marketing of destination Zimbabwe.” 

The proposed law strengthens the role of the Zimbabwe Tourism Authority (ZTA), which will regulate, license and promote the industry. It also introduces stricter compliance measures for tourism operators.

Under the new provisions, registration and grading of facilities will be mandatory. The Bill states: “no person shall conduct or operate that designated tourist facility unless it is registered and graded.” 

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Authorities will also have enforcement powers, including shutting down non-compliant operators.

The legislation further extends regulation to online accommodation platforms, a growing segment in the tourism sector. It stipulates that: “All hosts must register with the Authority… before listing a property on an accommodation booking platform.” 

To support industry growth, the Bill proposes the creation of a dedicated fund. It notes: “There is hereby established a fund to be known as the Zimbabwe Tourism Fund,” which will be used for “the development and promotion of the tourism and hospitality industry.” 

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Sustainability and inclusivity are also central to the new law. The Bill provides that: “All tourism policies, programs, and projects shall incorporate the principles of sustainable development.” 

It further emphasises inclusion, stating that tourism development must mainstream “gender equality, disability inclusion, and the rights of indigenous peoples.” 

Once enacted, the law will replace the current Tourism Act. The Bill clearly states it seeks “to repeal the Tourism Act [Chapter 14:20].” 

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The Bill now proceeds to the Senate, where lawmakers are expected to debate its provisions before it can be sent for presidential assent.

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MP probes Binga tourism, climate and conservation plans

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BY WANDILE TSHUMA 

Binga South legislator, Fanuel Cumanzala has called for clarity on tourism development and environmental protection in the Zambezi Valley.

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In a parliamentary hearing, Cumanzala asked the Minister of Environment, Climate and Wildlife:

“The plans the Ministry has in place to develop and promote tourism in Binga District, particularly around the Zambezi River, in order to enhance local economic development and create employment opportunities for residents.” 

He added:

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“The programmes being implemented to ensure that local communities in Binga District directly benefit from tourism.” 

Further questions focused on sustainability and climate resilience:

“What measures are in place to ensure the protection and sustainable management of natural tourism assets in the Zambezi Valley, including wildlife, rivers and forests, in order to prevent environmental degradation.” 

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“The efforts being made to combat poaching in the Zambezi Valley, particularly in Binga District, and how local communities are being involved in wildlife protection initiatives.” 

“The climate adaptation strategies being implemented to assist communities in Binga District in coping with droughts, floods, and other climate-related challenges affecting the Zambezi Valley.” 

No ministerial responses were recorded.

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Matabeleland North shines in athletics at national schools competitions

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BY NOKUTHABA DLAMINI

Matabeleland North Province delivered a strong performance in athletics at the National Association of Primary School Heads (NAPH) competitions held in Bindura, scooping five gold medals despite challenges in other disciplines.

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The competitions ran last week from 17 to 19, with 16 and 20 set aside for travel.

 

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Speaking after the event, the Matabeleland North NAPH Vice Secretary, Edward Mudimba of Binga, told VicFallsLive that the province sent a delegation of 121 participants drawn from all seven districts.

Of these, 69 competed in track and field, 31 in drama, 16 in physical education, and eight in chess.

 

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Athletics dominates medal haul

 

Matabeleland North’s strongest showing came in athletics, where the province secured five gold medals and 10 bronze medals.

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A standout performer was Ashton Ndlovu of Hwange District’s Chamabondo Primary School, who won three gold medals in the Under-14 boys’ 100m, 200m and 400m races.

 

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Another gold medal came from Mbuewa Sisasenkosi of Dundubala Primary School in Umguza, who won the Under-13 girls’ 800m race.

 

The fifth gold medal was secured in the Under-13 boys’ 4x100m relay.

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Chess team shows promise

 

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In chess, Matabeleland North fielded eight players across Under-8, Under-12 and Under-14 categories.

 

The province recorded its best results in the Under-8 category, where Philip Ndlovu of Sigonda Primary School in Nkayi won gold, while Prudence from Mathe Primary School in Tsholotsho secured a silver medal.

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The results earned the province an overall silver medal and a trophy in the Under-8 category.

 

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“We see a lot of potential in the Under-8 category and we believe we can build on that,” said Mudimba.

 

Struggles in drummies and physical education

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However, the province faced challenges in other disciplines.

 

The drummies team, finished ninth out of 10 provinces.

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Physical education, represented by David Livingstone Primary School in Umguza, also underperformed, finishing seventh.

 

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“We didn’t do very well in drummies and physical education, but these are areas we are still developing and we hope to improve going forward,”Mudimba said.

 

Call for resources

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Mudimba attributed the weaker performance in some categories to limited resources.

 

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“Our main challenge is resources, particularly financial support. We need to improve our preparations and displays, especially in physical education, before we can expect better results,” he said.

Top three overall winners

Harare
Mashonaland Central
Mashonaland West

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