Zambia, South Africa in Talks With EIB, AfDB Over Power Project

Zambian and South African power utilities are in talks with the European Investment Bank and African Development Bank over funding for a USD200 million hydroelectric power generation project,

reports. Negotiations are expected to conclude by late October, according to Cyprian Chitundu, managing director of Zambian state utility company Zesco.

About the author

  • Ivy Mungcal

    As former senior staff writer, Ivy Mungcal contributed to several Devex publications. Her focus is on breaking news, and in particular on global aid reform and trends in the United States, Europe, the Caribbean, and the Americas. Before joining Devex in 2009, Ivy produced specialized content for U.S. and U.K.-based business websites.