Single Board for ZESA Subsidiaries

Government last week resolved to establish a single board to take charge of the Zimbabwe Electricity Supply Authority (ZESA) and its subsidiary companies including Zimbabwe Power Company (ZPC), Zimbabwe Electricity Transmission and Distribution Company (ZETDC) and ZESA Enterprises.

Minister of Finance and Economic Planning, Patrick Chinamasa said the board will be allowed to engage strategic partners under ZPC operations where necessary.

“A single ZESA Board will be established to take charge of ZETDC, ZPC and ZESA Enterprises, the Boards of ZETDC, ZPC and ZESA Enterprises to be dissolved.

“The Board will be allowed to engage strategic partners under ZPC operations where necessary,” said Chinamasa.

Government also resolved to incorporate Powertel activities under ZETDC, Zarnet and Africom.

“The strategic and ZESA-specific activities of Powertel will be incorporated under ZETDC whilst excess telecommunication capacity will be included in the merger between Zarnet and Africom,” added Chinamasa.

The restructuring exercise will also see Zimbabwe National Road Authority (ZINARA) remaining under the Ministry of Transport and Infrastructure Development.

Chinamasa added that ZINARA should improve transparency and accountability in its operations.

“The Zimbabwe National Road Authority will remain under the Ministry of Transport and Infrastructure Development but with a focus on revenue collection and not on technical road construction activities.

“The Ministry is challenged to ensure that there is improved transparency and accountability in the operation of ZINARA,” said Chinamasa.

According to Chinamasa, the Grain Marketing Board is expected to complete work on de-linking the Strategic Grain Reserve and the GMB’s commercial operations.

“The Grain Marketing Board is expected to complete work on de-linking the Strategic Grain Reserve and the GMB’s commercial operations, the Grain Marketing Board will continue to manage the Strategic Grain Reserve on behalf of Government.

“All costs directly related to the management of the Strategic Grain Reserve will be borne by Government and the expenses will include storage costs which will be provided for under the fiscus,” added Chinamasa.

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