History and Development
The power sector reform in Zimbabwe witnessed the establishment of the Electricity Act, Chapter 13:20 of 2002 and the Rural Electrification Fund Act Chapter 13:19 of 2002 . These provided for the establishment of the Zimbabwe Electricity Regulatory Commission(now Zimbabwe Energy Regulatory Authority), Rural Electrification Agency and formation of ZESA Holdings and its subsidiary companies namely Zimbabwe Power Company, Zimbabwe Electricity Transmission and Distribution Company, Powertel and ZESA Enterprises. The Electricity Act provided for the transfer of assets, liabilities and staff to the subsidiary companies which are incorporated under the Companies Act Chapter 24:03 . The subsidiary companies are 100% owned by ZESA Holdings on behalf of the Government of Zimbabwe.
ZESA Enterprises is a non-regulated business under the ZESA stable. It is a flexible investment arm for ZESA Holdings. Being part of ZESA Holdings, ZESA Enterprises is able to access the vast resources, skills and expertise of ZESA Holdings as well as major financial resources and international financial relationships that accrue through ZESA Holdings.