Zimbabwe has got a temporary reprieve on looming electricity blackouts after its central bank stepped in to help its financially struggling power utility, Zesa.
Zesa is in arrears to Eskom to the tune of US$43 million (about R560 million) which resulted in Eskom threatening to cut off the country's electricity supply.
The Zimbabwean power utility owes Eskom US$80 million (over R1 billion in total) and Mozambique’s Hydro Cahora Bassa (HCB) US$40 million.
Dumisani Muleya Chief Content Officer at Alpha Media Holdings, says an agreement that will see a continuation of electricity supply by Eskom will be signed on Friday - 300 megawatts from Eskom and 50 megawatts from HCB .
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