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EU Extends €75 Million In Aid To Zimbabwe

5 months agoThu, 31 Oct 2024 06:43:49 GMT
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EU Extends €75 Million In Aid To Zimbabwe

The European Union (EU) on Wednesday extended €75 million (approximately US$81 million) to Zimbabwe as part of its efforts to help the southern African nation address the impacts of climate change and foster socio-economic development.

The agreement was signed in Harare by Zimbabwe’s Minister of Finance, Economic Development and Investment Promotion, Mthuli Ncube, and the EU Ambassador to Zimbabwe, Jobst von Kirchmann.

This funding represents the second phase of the EU’s €148 million (US$160 million) allocation to the Zimbabwe Multi-Annual Indicative Programme (2021-2024).

During the signing ceremony for four financing agreements, Ncube detailed that the funds will support various initiatives: €26 million for agri-value chain development, €26 million for biodiversity enhancement, €16 million for transparent and accountable governance, and €7 million for gender and women’s economic empowerment. Said Ncube:

Zimbabwe remains grateful for the EU support, and today marks another milestone in our cooperation. The four financing agreements will be channelled towards implementation of the Agri-Value Chain Development in Zimbabwe, Biodiversity enhancement for resilience building in Zimbabwe, Transparent & Accountable Governance in Zimbabwe and Gender Equality and Women’s Economic Empowerment in Zimbabwe.

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Support will be channelled towards Zimbabwe’s green economic growth through climate-smart agriculture, agri-food value chain development and renewable energy promotion. The project will be implemented through partnerships with non-governmental organisations, and international organisations.

The continued support to our agriculture and renewable energy sectors is commendable, as we seek to build and strengthen resilient and climate-proof agricultural systems.

To this end, Government welcomes the Team Europe Initiative on “Greener and Climate-Smart Agriculture”, which strives to unlock the potential of the agricultural sector through an environmentally conscious productive approach, based on climate-smart, agro-ecological, reducing vulnerability and increasing resilience through adaptation.

Kirchmann said the financing aims to accelerate the green transition by supporting agri-value chains, investing in renewable energy for agriculture, conserving biodiversity, and enhancing community resilience. Said Kirchmann:

By aligning the EU’s Global Gateway priorities with Zimbabwe’s National Development Strategy 1, we are addressing immediate needs while empowering Zimbabweans especially women and youth to build a resilient society and economy.

More: Pindula News

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29 Comments

Alby. · 5 months ago
guard alert hero basa mari ngaifambe
Anonymous · 5 months ago
All that aid money is already looted before being handed over, ask Chivhayo and he quantify this statement..
ii · 5 months ago
muitumire ari mazig chaiwo
pk · 5 months ago
🤣🤣🤣🤣🤣you will told when it's coming but you will never know how it was used 🤣🤣🤣🤣🤣🤣🤣🤣
laugh emoji1
lets go boys !!! · 5 months ago
ncube must now ask his friends from Russia, China, Syria , Iran and North Korea to each match this usd 80 mill and send it to him here in Zim asap !!! then he can assemble wicknell and the gang to steal it all asap
laugh emoji1
Officer#12 · 5 months ago
Dzimwe nguva inobva yangoshaika ikoko kuvakuru venyu uku... Unobva washaya kuziva kuti zviri kufamba sei... 😂😂😂
Anonymous · 5 months ago
Ministry of Agriculture going to be given new cars? Then some more for chiefs to promote "green" agriculture.
laugh emoji1
zunde · 5 months ago
ma sanctions api imi muchipiwha mari,the sanctions are for a few corrupt leaders kwete the general zimbabweans hence EU has granted that aid.
ȼøɍɍᵾᵽŧɨȼɨȺn · 5 months ago
ko zvazvinonzi yakatipa masanctions ko varikutipireimari kana vakativenga zvekutipa maeconomic sancrions
🕺🏋️‍♂️🏃‍♂️ · 5 months ago
'Zimbabwe remains grateful for the EU support, and today marks another milestone in our cooperation..... kkkkk hanzi sanctions, sanctions myass'
zig · 5 months ago
Mari munotambira hamutaure zve ma sanctions ?
🌄🧱🍓🎊💞🎂🏆🍑🌽🍕👙 · 5 months ago
if someone doesn't pay his debts he/she looses valuable assets.what about corrupt leaders in Zimbabwe failed to pay the debts which we are having with other countries they will seize this country until the debts are paid and Zimbabwe will be colonized again.
Gegeja · 5 months ago
€75million÷16million(Zim population)=€4.69 pamunhu.
Chiurai · 5 months ago
You expect me and Chuvharo to get the same
Bray Wyatt · 5 months ago
How can you expect that such a paltry amount as that can bring about a significant change to the nation, better those in (corrupt)position to eat the funds because the donations are an insult to us the civilians considering that these nations who are supposedly giving donations are the biggest contributors to the climate problem. Given the opportunity I can vouch the general populace of Zimbos are corrupt at the core, it is something engraved in the Zimbos nature... Just because you are not seeing where the funds are being used doesn't mean that they are not being utilised kkkkkkkkkkk
🏃 Chi baby Che Zanu 🌊 · 5 months ago
kubva Kare tinonzwa kuti tapiwa mari ma donation chii chii laye but Truth be told mari iyoy haina wainobatsira haichinje chinhu zvinongoramba zvichinetsa chete yet zanu pf yapiwa ma donation chii chinenge chichimboitika
Black-Scorpion · 5 months ago
chokwadiii ichio, those guys vanopa madonations havazvizive kutii they are donating to vene's pockets not to the Zimbabweans
...,. · 5 months ago
that is the EU, waiting for SADC to extend aid to us. why do we receive aid from those we are told bad things about? are they really bad, or it is just politics? they should know something or have a very high level of maturity to still give so much aid with the way they are portrayed.
,,,, dott · 5 months ago
EU manyama
Gora · 5 months ago
Ko ma sunction aripapi apa. Vakutoronga havo kuishandisa pa 3rd term scheme. Vokuba vatorodza mapanga nemasaga.
Professor L · 5 months ago
right now they are hatching a plan to redirect those funds to their pockets.
Chiurai · 5 months ago
The money goes straight to their pockets. Paakuzongoda kuburitsa achidya vene vacho
Gandanga · 5 months ago
Yauya zvakanaka Mari iyi todoishandisa pahurongwa hwedu hwe 3rd term
cde che guveira · 5 months ago
yet our all weather friends dont donate anything, they always think of how to steal from us

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