THE Chamber of Mines of Zimbabwe (CoMZ) is anticipating the mining industry to recover in the second half of 2023, on account of an expected improvement in the country’s power situation.
Zimbabwe has been experiencing severe power shortages due to insufficient local generation and the inability of state utility Zesa to import the deficit.
“Just like any other sector in the economy, in the first quarter of the year, the mining industry was not spared the power outages, so the electricity situation undermined the potential of the sector in the first quarter,” the chief executive of CoMZ, Isaac Kwesu, told a press briefing in Harare ahead of its annual general meeting to be held next week.
CoMZ chief executive officer, Isaac Kwesu
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