The European Union (EU) has signed four financial agreements with Zimbabwe, injecting €75 million (approximately $80 million USD) into initiatives supporting agriculture, biodiversity, and community resilience.
The agreements were announced by EU Ambassador to Zimbabwe; Jobst Von Kirchman, who highlighted the funding’s focus on agri-value chains, renewable energy investments in agriculture, biodiversity conservation, and strengthening community resilience.
Finance Minister Professor Mthuli Ncube expressed appreciation for the EU’s support, emphasizing Zimbabwe’s commitment to re-engagement with the European Union.
“This partnership aligns with our National Development Strategy, and we are committed to fostering mutually beneficial relations with the EU,” Ncube stated.
The funding is set to complement Zimbabwe’s National Development Strategy and aligns with the EU’s Global Gateway priorities, aiming to enhance Zimbabwe’s agricultural sector’s productivity and sustainability. Through this collaboration, both parties hope to unlock Zimbabwe’s agricultural potential while promoting environmental conservation and sustainable development.
