Government plans to dissolve Zesa subsidiary boards

GOVERNMENT plans to dissolve the boards of the subsidiaries of state-run power utility, Zesa
Holdings Limited and allow Zimbabwe Power Company (ZPC) to engage strategic partners for its
power generation project.

Zimbabwe Power Company (ZPC)
In the same vein, priority would be given to securing a strategic partner for the Infrastructure
Development Bank of Zimbabwe, POSB, Industrial Development Corporation of Zimbabwe and
telecoms operators TelOne and NetOne, Finance and Economic Development Minister Professor
Mthuli Ncube has said.
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Zesa has three units, namely Zimbabwe Electricity Transmission and Distribution Company
(ZETDC), ZPC and Zesa Enterprises Private Limited (ZENT).
Professor Mthuli Ncube
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A holistic evaluation of public entity reforms through strategic portfolio reviews and
comprehensive diagnostic analysis by sector would be undertaken next year.

Presenting the 2023 national budget last Thursday, Prof Ncube announced several reform
measures targeting parastatals so as to unlock value from State entities.

He said the State enterprises and parastatals (SEPs) reforms have been guided by the Short to
Medium Term Reform Framework (SMTRF), the National Development Strategy (NDS) 1 and
Vision 2030.

“Drawing lessons from the successes and challenges faced in implementing the SEPs-SMTRF since
2018, it is envisaged that the SEPs reform priorities for 2023 will be guided by the engagement of
strategic partners for IDBZ, POSB, IDC Subsidiaries, TelOne and NetOne,” he said.
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National Development Strategy 1 (NDS1)
Prof Ncube said several State-owned enterprises have been transformed and now operate viably
and noted the national carrier, Air Zimbabwe, which is now on recovery path.-The Chronicle