Zimfund provides $35m for power sector

ZIMBABWE Multi-Donor Trust Fund (Zimfund) has availed a total of $35 million for the rehabilitation and reinforcement of infrastructure in the power sector this year.

Speaking at a breakfast meeting organised by the Zimbabwe Energy Council yesterday, African Development Bank (AfDB) Zimfund manager Emmanuel Nzabanita said donor countries had contributed $125 million to AfDB for water and electricity projects whose work had already begun.

The donor countries — including Norway, Germany and the United Kingdom — raise funds and leave AfDB to manage the money on their behalf.

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