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*EU Extends €75 Million In Aid To Zimbabwe*

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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.

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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.

> 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.

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