Harare, Oct 31
The European Union (EU) extended 75 million euros (about $81.5 million) to Zimbabwe to help the southern African country address the impacts of climate change and enhance socioeconomic development.
Mthuli Ncube, Zimbabwean Minister of Finance, Economic Development and Investment Promotion, and EU Ambassador to Zimbabwe Jobst von Kirchmann signed four financing agreements during a ceremony held in Harare, the capital of Zimbabwe, on Wednesday.
According to a joint statement issued by the two sides, the financing aims to accelerate Zimbabwe's green transition by supporting agricultural value chains, renewable energy investments in agriculture, biodiversity conservation, and community resilience.
The investment also prioritises transparent and accountable governance, as well as gender equality and women's economic empowerment in Zimbabwe, reports news agency, quoting the statement.