Indigenisation inflexibility stymies Zimbabwean gas
Zimbabwe has promising gas reserves, but the government’s commitment to holding 51% of all licences is holding back development Zimbabwe has promising gas reserves, but the government’s commitment to holding 51% of all licences is holding back development.
28 April 2017
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Zimbabwean President Robert Mugabe at independence day celebrations in Harare in 2016. (PA)
Efforts by Zimbabwe’s government to boost investment in gas and other mineral reserves are being undermined by a lack of flexibility over the country’s indigenisation law, which requires the state to hold 51% of all resource licences. Zimbabwe’s gas reserves, estimated by the government at 1.13 trillion cubic metres, continue to lie untapped because of a lack of funding.
“We are pushing [for more investment],” Walter Chidhakwa, Zimbabwe’s minister of mines and mining development, told Interfax Natural Gas Daily.
However, Chidhakwa conceded “there is no...
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