Former Energy and Power Development Minister Fortune Chasi has put forth a compelling argument for the privatization of the country’s electricity sector.
With decades of mismanagement, inadequate infrastructure, and a severe financial crisis, Chasi’s analysis sheds light on the urgent need for reform.
During a recent discussion hosted by the Coalition for Market and Liberal Solutions (COMALISO), Chasi outlined the key issues plaguing the electricity sector—a landscape marred by persistent power outages, financial insolvency, and dwindling investments.
He emphasized that the current state-led monopoly has stifled competition and failed to meet the demands of a growing economy.
Drawing from COMALISO’s Blueprint for Privatization, Chasi proposed a structured, phased approach to transition Zimbabwe from its ineffective electricity model to a vibrant, competitive market that harbors private investment and ensures a reliable electricity supply for all citizens.
“Privatization can inject much-needed capital into our energy sector and foster innovation, ultimately benefiting consumers and the economy,” he argued.
However, Chasi’s advocacy comes with a cautionary note. He acknowledged the underlying challenges posed by Zimbabwe’s low-trust political environment, warning that without effective implementation of transparency measures and anti-corruption safeguards, the shift towards privatization could result in elite asset grabs and a new form of regulatory monopolization.
