AFDB unveils US$10.5 million worth of projects for Zimbabwe

By Stanley James Business Editor
THE African Development Bank has unveiled US$10.5 million worth of projects for Zimbabwe in the fields of energy, governance, youths and women.
Speaking during a virtual one-week training meeting starting today, AfDB Zimbabwe country manager, Ms Moono Mupotola said each one of the three projects has a funding allocation of US$3,5 million over a period ranging from 30 to 48 months.
Ms Mupotola said the energy sector reform support technical assistance programme aims to improve the availability of reliable electricity supply through facilitating the creation of an enabling environment for promoting independent power producers.
She said the institutional support for governance and public finance management project aims at promoting macro-stability by strengthening public sector effectiveness and accountability.
The sustainable enterprise development for women and youth project aims to economically empower youth and women in agricultural and small-scale mining sectors from situations of economic vulnerability by addressing their capacity gaps.
Ms Mupotola said the project aims to enable the environment to stimulate value addition and beneficiation along the target value chains and to improve decent job creation for the skilled and semi-skilled youth and women in Hauna, Mutoko, Karoi, Masvingo, Bulawayo, and Matabeleland North.
“The projects being launched today were developed in line with the African Development Bank (AfDB) Country Brief for Zimbabwe 2021-2023 that was approved by the Board in May 2021, which focusses on the two pillars namely (i) enhancing the productive capacity and resilience of the private sector including in mining and agriculture value chains; and (ii) improving good governance and enhancing accountability. The Bank’s Country Brief’s Priority Areas are aligned with Zimbabwe’s National Development Strategy 1: 2021–2025 (NDS1) and the Bank’s Ten-Year Strategy 2013–2022 whose focus is on inclusive green growth and overarching issues of gender, women and youth employment opportunities, and a private sector driven economic growth,” said Ms Mupotola.

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