On 30 October, the Government of Zimbabwe and the European Union signed four financial agreements totalling €75 million in Harare to support the country’s development. These agreements reinforce the EU’s commitment to complement the government’s efforts in implementing the National Development Strategy 1 (2012-2025) and the shared priorities of the EU’s Global Gateway Strategy.
The financing aims to accelerate the green transition by supporting agri-value chains, investing in renewable energy in agriculture, conserving biodiversity, and building community resilience. Additionally, these agreements prioritise creating an enabling environment by strengthening transparency and accountability and promoting gender equality and economic empowerment for women and youth in Zimbabwe.
These agreements contribute to two Team Europe Initiatives (TEIs) on Greener & Climate Smart Agriculture and Gender Equality and Women’s Empowerment, which foster sustainable development and equitable growth throughout Zimbabwe. These projects represent the second funding phase under the EU’s €148 million allocation to the Zimbabwe Multi-annual Indicative Programme (2021-2024).
The agreements were signed by the Honourable Prof. Mthuli Ncube, Minister of Finance, Economic Development, and Investment Promotion, and H.E. Jobst von Kirchmann, Ambassador of the European Union in Zimbabwe.
“Zimbabwe remains grateful for the EU support, and today marks another milestone in our cooperation. As you have noted, the support is building upon and reinforcing the investments made under the 11th European Development Fund and dovetails with our national development thrust as enunciated in the National Development Strategy 1”, noted Hon. Professor Mthuli Ncube.
Ambassador H.E. Jobst von Kirchmann added, “The Financing Agreements mark a major milestone in the shared commitment between Team Europe and Zimbabwe to promote sustainable, inclusive growth across the country. 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. Together, we are investing in a sustainable future that will benefit generations to come.”
