Currency dispute holds up Zimbabwe private power industry

Indonesia Berita Berita

Currency dispute holds up Zimbabwe private power industry
Indonesia Berita Terbaru,Indonesia Berita utama

Arbitration ruling awaited over currency conversion disagreement

Zimbabwe’s state electricity company is awaiting the outcome of international arbitration in a currency dispute with the country’s biggest private power producer that is holding up other investments.

“We eagerly await the outcome of the arbitration,” Ian McKersie, the MD of Harare-based Nyangani said. “If it is favourable, it will allow us to resume the conducive working relationships we have.”

 

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