Swiss group wants to expand its business in Zimbabwe (Southern Africa)
Zug/Harare. The meeco Group has recently signed a Memorandum of Understanding (MoU) with the Zimbabwean Venture Partnership and Business Advisory Firm Oxygen Group, which aims to promote and develop the solar energy solutions of The meeco Group in Zimbabwe. The MoU has been signed in Dubai on 30th May by representatives of both parties and is already effective.
The role of The meeco Group within the framework of the MoU is to provide its solar energy solutions such as sun2go, sun2water, sun2live as well as Smart Hydro solutions whilst the Oxygen group will support The meeco Group through its high expertise and knowledge in the Zimbabwean market.
The Oxygen group is one of the biggest market participants in Southern Africa, focusing on business advisories and venture partnerships. The Oxygen Group helps international companies to expand their business in the Zimbabwean market and provides a high service level in management resources. The recently concluded MoU will support the expansion of the Swiss meeco Group within Zimbabwe and even beyond the borders of the South African state.
“With its local expertise and its high value professional network, the Oxygen group will provide an remarkably important support to The meeco Group that will facilitate our implantation across the Zimbabwean market”, says Frédéric Genoud, Sales Representative in charge of Business Development for Africa of The meeco Group. “This market has a great potential as the state and the stability of the grid-connected installations have a lack of efficiency.”
The Zimbabwean geographical situation is ideal for the solar energy development due to its level of radiation, which is actually one of the highest worldwide. Furthermore, the population’s ratio connection to the grid represents only 41%, which explains a lot the demand of the population for diesel in order to power generators, which have to be fueled with diesel at an average price of US$0.53 per liter. That is US$0.40 more than the kWh price for energy generated through solar technology. With its new program called “The Food and Nutrition Security Program” the Government of Zimbabwe will also contribute to a large amount of renewable energy projects from solar and hydro energy to pumping energy and water treatment in the remotest locations.