Tuesday
January 18
2022

$45 Million Programme to Power Up Zimbabwe’s Renewable Energy Drive

By Nomvuyo Tena

The United Nations SDG-Fund has approved a $45 million programme to transform Zimbabwe’s renewable energy (RE) drive.

The programme is focused on catalysing investments in renewable energy for the acceleration of the attainment of the Sustainable Development Goals (SDGs) in the country. The UN SDG-Fund is contributing $10 million to the programme whilst the government of Zimbabwe through the Infrastructure Development Bank of Zimbabwe (IDBZ) and local partners including Old Mutual Investment Group (OMIG), Zimnat Asset Management and CABS are supporting the programme with $35m.

The 4-year programme, which is expected to kick-off in April 2022, was jointly developed by UNESCO (lead agency), UNWOMEN, UNDP and the government of Zimbabwe. It aims to leverage private investments in order to support renewable energy based projects for the achievement of the SDGs in Zimbabwe.

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Source: ESI Africa (link opens in a new window)

Categories
Energy
Tags
clean energy, energy access, investment, renewable energy, SDGs, sustainability