The European Union (EU) has announced a significant financial support package of €75 million (approximately $81.5 million) to Zimbabwe, aimed at helping the southern African nation combat climate change impacts and promote socioeconomic development.
During a signing ceremony held in Harare on Wednesday, Zimbabwe’s Minister of Finance, Economic Development, and Investment Promotion, Mthuli Ncube, and EU Ambassador to Zimbabwe, Jobst von Kirchmann, formalized four financing agreements.
According to a joint statement, the funding is designed to accelerate Zimbabwe’s green transition by supporting agricultural value chains, investing in renewable energy within the agricultural sector, conserving biodiversity, and enhancing community resilience. Additionally, the investment prioritizes transparent governance, accountability, gender equality, and the economic empowerment of women.
Ncube expressed gratitude for the EU’s support, highlighting that the occasion marks a significant milestone in the collaboration between Zimbabwe and the EU. He reaffirmed Zimbabwe’s commitment to strengthening its relationship with the EU.
Ambassador von Kirchmann also expressed his desire to deepen bilateral cooperation, stating his intention to invite more European companies to invest in Zimbabwe in the upcoming year.