The government of Zimbabwe has approved a $1.3 billion (R19 billion) joint venture agreement with British-based Coven Energy to develop a fuel pipeline from the Mozambican port city of Beira to the capital city Harare.
The good news was announced by the Minister of Information and Publicity Monica Mutsvangwa whilst addressing the members of the media fraternity yesterday.
Mutsvangwa said the pipeline would compliment the existing one that also links Harare and Beira and make landlocked Zimbabwe a fuel hub for the southern Africa region.
Mutsvangwa further went on to announce three other projects approved by the Cabinet.
The first project is the partnership between Bulawayo City Council and Tendy Three (Pvt) Ltd on the Bulawayo Vehicle Parking Management System Project.
Mutsvangwa also announced partnership involving ZMDC, SIM SEA Pvt Ltd and Honghua International for the resuscitation of Angwa Shaft and the processing of the dump at Chidzikwe.
The Minister of Information Monica Mutsvangwa further went on to announce a deal of investment by a Belarusian Independent Power Producer in a 100 MW Solar Energy Plant.
Watch the video above for more information