Zim receives $100m boost from EU

Zimbabwe and the European Union has signed five financial agreements amounting to €89 million ($97,9 million) under a fund by the European bloc to support the country’s efforts in implementing crucial political and economic reforms.

Under the European Development Fund (EDF) 2014-2020 National Indicative Programme (NIP), €234 million has been set aside to assist Zimbabwe.

The financial agreement, signed yesterday, will see resources channelled towards health, agriculture and institution building.

This story is for NewsDay subscribers.