AN Egyptian Company El Sewedy Electrometer wants to invest US$15 million in the manufacture of domestic and commercial prepaid water meters in Harare.
Company chairman Mr Ahmed Sewedy said over 200 direct jobs for locals will be created in Harare excluding those in the value chain.
“We are aiming to have a base in Harare before the end of this year. We have 10 factories in different parts of the world. We have over 20 million prepaid water meters in over 46 countries.
“We have capacity to produce five million meters every year. Our meters cost between US$120 and US$150,” he said.
Following the recent enactment of the City’s investment policy, Harare is taking bold steps to woo investors and create employment.
Deputy Mayor Cllr Enock Mupamawonde recently led a team of city officials and a councillor to Cairo, Egypt to assess the standing of a company interested in investing in Harare.
The Egyptian company El Sewedy manufactures prepaid and smart water meters.
Addressing delegates after a successful tour of the manufacturing plant located in the industrial zone in 6 October City, Cllr Mupamawonde expressed satisfaction with the capacity of El Sewedy Electrometer.
“Thank you for hosting us. We are satisfied. Once the plant is set in Harare, it will go a long way in transforming our revenue collection, growth and service delivery,” he said.
Director of Harare Water Eng Hosea Chisango said he was happy with the quality and specifications of the meters.
He said council was worried by its failure to collect all the water revenue from consumers. He was speaking in response to reports that the Egyptian Government had ordered that all households and companies in Egypt be fitted with prepaid water meters.
“We will be able to collect more revenue with prepaid meters,” he said.
There are over 250 000 properties in Harare requiring prepaid water meters.
Council is preparing for the rollout of prepaid water with the programme expected to begin end of July.
Attracting investors and giving them a conducive operating environment is the responsibility of local authorities.