Zimbabwe is actively courting $9 billion in private investment as part of sweeping reforms to its energy sector, aimed at doubling its power generation capacity by 2030.
The ambitious plan was unveiled by the Zimbabwe Energy Regulatory Authority (ZERA) this week, highlighting the urgent need to meet rising domestic electricity demand.
Currently, only 62% of Zimbabwe’s population—estimated at 15.1 million—has access to electricity. The national grid generates approximately 1,500 megawatts (MW), falling significantly short of the country’s current demand of 3,000 MW. Chronic power shortages have long hindered industrial productivity and economic growth, making energy reform a priority for the government.
The proposed $9 billion investment drive is being supported under the World Bank and African Development Bank’s Mission 300 program, which seeks to mobilise substantial private sector participation in Africa’s energy transition. Speaking at a recent energy investment conference in London, Zimbabwe’s Minister of Energy and Power Development, July Moyo, emphasised the scale of the opportunity. “Zimbabwe is open for business, and we are committed to creating an enabling environment for private investors to partner with us in meeting our growing energy needs,” he stated.
The reforms are expected to target a mix of renewable energy, hydropower, and thermal generation projects, while also strengthening transmission infrastructure and improving regulatory frameworks to attract international investors.
If successful, the initiative could significantly boost Zimbabwe’s energy security, reduce reliance on costly electricity imports, and fuel the country’s broader development ambitions. The government’s proactive approach reflects growing momentum across Africa to leverage private capital and modernise power systems in line with global clean energy targets.
Source: Further Africa
