Zim eyes US investments after policy shift
ZIMBABWE is ready to welcome investment in coal production from the United States after Washington announced a major shift in its energy policy by seeking partnerships with African countries in coal production.
The move by the US reverses its long-standing opposition to fossil fuel.
Speaking at the high-level Powering Africa Summit in Washington on Friday, US Secretary of Energy Chris Wright acknowledged that Western countries, including the US, have previously discouraged African nations from developing their coal resources.
He highlighted coal’s critical role in global electricity generation and economic growth.
In his remarks at the summit, Energy and Power Development Minister July Moyo said: “… our plea, again to the United States as Zimbabwe: release your private sector so that they can invest directly into Zimbabwe, and we have created an environment where they will earn money because their investment will be guaranteed.”
Minister Moyo said the country’s abundant coal and coalbed methane can also be effective in the agriculture industry as well.
Source: SUNDAYMAIL
