A possible deal for Zimbabwean energy firms with Europe’s largest power utility Enel Group is on the horizon as the company is scheduled to meet with local energy players during a visit by a high powered Zimbabwean business delegation to Italy from the 21st to the 23rd of this month.
With a net worth of around $40 billion, the interest of such a massive conglomerate to Zimbabwe highlights the epitome of the confidence that international investors have to partner the country in various economic sectors.
The firm is listed on the Milan Stock Exchange, and is present in 37 countries.
Its electricity and gas network stretches over 2.1 million kilometres across the globe having 84 gigawatts of installed capacity.
Last year, the utility generated 70.6 billion euros in revenue and Zimbabwe will be hoping to maximise on this footprint to align with this massive portfolio.
This is not the only deal that Zimbabwe will be targeting during their visit to this market.
The ambit of the memorandum of understanding to be sealed between the confederation of Zimbabwe Industries and Italy’s Confidustria Assafrica Mediterraneo will also open cooperation and collaboration for business executives in agriculture, mining, energy, and infrastructure sectors.
Zimbabwe’s open business policy has made significant headway to improve foreign investor appetite into the country.