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Currency dispute holds up Zimbabwe private power industry

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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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