Categories: Stories

UN approves $26 million for irrigation support in Zimbabwe

Zimbabwe is set to receive a $25.5 million grant from the United Nation’s International Fund for Agricultural Development (IFAD) to support irrigation projects in the country, Finance Minister Patrick Chinamasa has said.

Zimbabwe has been a member of the 178-member fund since independence, receiving technical and financial assistance for several smallholder irrigation projects in the rural areas, but IFAD cut off support in 2006 because of non-payment of arrears.

The grant marks a resumption of relations after IFAD approved a proposal by Harare last December to reschedule a $23 million debt owed to the UN agency.

In a statement today, Chinamasa said the financing agreement would be signed at the IFAD headquarters in Rome tomorrow after the IFAD executive board approved the grant in September.

“The project is targeting 4 000 hectares of smallholder irrigation schemes in communal and old resettlement areas in Manicaland, Masvingo, Matabeleland South and Midlands provinces,” said Chinamasa.

“The objective of the programme is to sustainably increase diversified production, productivity, income and improve resilience of households in the selected areas.”

Last week, government announced that it was negotiating with the Kuwait Fund for Arab Economic Development for funding amounting to $35.7 million to implement an intensive citrus irrigation project in Matebeleland South province, which is expected to benefit 5,000 households.- The Source

(88 VIEWS)

Don't be shellfish... Please SHARE
Google
Twitter
Facebook
Linkedin
Email
Print

This post was last modified on November 17, 2016 4:02 pm

Charles Rukuni

The Insider is a political and business bulletin about Zimbabwe, edited by Charles Rukuni. Founded in 1990, it was a printed 12-page subscription only newsletter until 2003 when Zimbabwe's hyper-inflation made it impossible to continue printing.

Recent Posts

Are Zimbabweans giving social media more credit than it deserves?

The role of social media on how people get their news in Zimbabwe is being…

May 3, 2024

Top 20 countries in debt to China- Zimbabwe is not one of them

Ten African countries are amongst the biggest debtors to China, but Zimbabwe is not among…

May 1, 2024

Is Zimbabwe now on the right track?

The Reserve Bank of Zimbabwe’s Monetary Policy Committee, which met on Friday last week, says…

April 30, 2024

Watch: RBZ governor warns those selling ZiG at 20:1 could be buying it at 10:1 in June

Zimbabwe’s new currency further weakened to 13.4407 to the United States dollar today down from…

April 29, 2024

US loses its place as most influential power in Africa to China

The United States lost its place as the most influential global power in Africa last…

April 27, 2024

Zimbabwe central bank chief says street forex dealers cannot destabilise the ZiG

The Reserve Bank of Zimbabwe governor John Mushayavanhu says street money changers who cash in…

April 26, 2024