Business

Zimbabwe, EU sign $80m deal for economic development

Finance Minister Mthuli Ncube and European Union Ambassador Jobst von Kirchmann have signed an $80 million agreement in Harare to boost economic cooperation and sustainable development in Zimbabwe.

The two signed four Financing Agreements for the Action Plans under the Gov-EU cooperation.

The Agreements include: Agri-Value Chain Development in Zim; Biodiversity enhancement for Resilience building in Zimbabwe.

This is in line with the country’s re-engagement thrust.

EU delegation to Zimbabwe confirmed the development saying:

“Today, #TeamEurope & Zimbabwe signed €75M in Financing Agreements aligned with Zim’s National Development Strategy 1 (NDS1), driving joint progress in key areas:
• Agri-Value Chain (€26M) for green growth.

• Biodiversity Conservation (€26M) to protect wildlife & build resilience.

• Transparency & Accountability (€16M) at local level.

• Gender Equality (€7M) to uplift women & end GBV.

“These partnerships reflect our shared commitment to sustainable development.”

Zwnews

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