{"id":50179,"date":"2021-11-21T18:10:00","date_gmt":"2021-11-21T16:10:00","guid":{"rendered":"https:\/\/www.africa-press.net\/zimbabwe\/?p=50179"},"modified":"2021-11-21T16:56:11","modified_gmt":"2021-11-21T14:56:11","slug":"zesa-secures-us110-million-afreximbank-financing-deal","status":"publish","type":"post","link":"https:\/\/www.africa-press.cc\/zimbabwe\/all-news\/zesa-secures-us110-million-afreximbank-financing-deal","title":{"rendered":"ZESA Secures US$110 Million Afreximbank Financing Deal"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong>Africa-Press &#8211; Zimbabwe. <\/strong><\/span>The Zimbabwe Electricity Transmission and Distribution Company (ZETDC), a ZESA Holdings subsidiary responsible for the distribution of power, has signed a US$110 million syndicated loan with continental trade finance bank Afreximbank, the bank said on Friday. The bank said in a statement:<\/p>\n<p>The funds will help Zimbabwe Electricity Transmission and Distribution Company (ZETDC) to improve revenue collection through smart meters and pre-paid meters and thus pay off regional creditors\u2019 accounts.<\/p>\n<p>ZESA Holdings executive chairman Sydney Gata on Friday revealed that the power utility is owed a staggering ZWL$15 billion in unpaid bills by businesses, government departments and ordinary consumers.<\/p>\n<p>Many electricity users in Zimbabwe are on a post-pay system and rack up large debts, which is bad for ZETDC\u2019s books and hurts its ability to supply power.<\/p>\n<p>Meanwhile, Afreximbank said it had signed financing deals worth another US$78 million with three other Zimbabwean companies \u2013 the Central African Building Society, CBZ Bank and ZB Bank \u2013 at a trade fair in the South African port city of Durban.<\/p>\n<p><strong>For More News And Analysis About <a href=\"https:\/\/www.africa-press.net\/zimbabwe\">Zimbabwe<\/a> Follow <a href=\"https:\/\/www.africa-press.net\/\">Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; Zimbabwe. The Zimbabwe Electricity Transmission and Distribution Company (ZETDC), a ZESA Holdings subsidiary responsible for the distribution of power, has signed a US$110 million syndicated loan with continental trade finance bank Afreximbank, the bank said on Friday. The bank said in a statement: The funds will help Zimbabwe Electricity Transmission and Distribution Company [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":50178,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3,6,35,15],"tags":[3112,1493,2189,675,1908,645,19],"class_list":{"0":"post-50179","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-all-news","8":"category-economy","9":"category-homepage-english","10":"category-twitter","11":"tag-afreximbank","12":"tag-africa-press","13":"tag-africa-press-zimbabwe-2","14":"tag-zesa","15":"tag-zesa-holdings","16":"tag-zetdc","17":"tag-zimbabwe"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v24.1 (Yoast SEO v24.1) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>ZESA Secures US$110 Million Afreximbank Financing Deal - zimbabwe<\/title>\n<meta name=\"description\" content=\"The Zimbabwe Electricity Transmission and Distribution Company (ZETDC), a ZESA Holdings subsidiary responsible for the d ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/zesa-secures-us110-million-afreximbank-financing-deal\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"ZESA Secures US$110 Million Afreximbank Financing Deal\" \/>\n<meta property=\"og:description\" content=\"The Zimbabwe Electricity Transmission and Distribution Company (ZETDC), a ZESA Holdings subsidiary responsible for the d ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/zesa-secures-us110-million-afreximbank-financing-deal\" \/>\n<meta property=\"og:site_name\" content=\"zimbabwe\" \/>\n<meta property=\"article:published_time\" content=\"2021-11-21T16:10:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-11-21T14:56:11+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/zimbabwe\/sites\/14\/2021\/11\/img-619a5df0809b2.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1500\" \/>\n\t<meta property=\"og:image:height\" content=\"832\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/zesa-secures-us110-million-afreximbank-financing-deal\",\"url\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/zesa-secures-us110-million-afreximbank-financing-deal\",\"name\":\"ZESA Secures US$110 Million Afreximbank Financing Deal - 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