$45 M programme for Zimbabwe’s renewable energy
Zimbabwe: The United Nations SDG-Fund has approved a $45 million programme to transform Zimbabwe’s renewable energy (RE) drive.
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Zimbabwe: 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 M to the programme whilst the government of Zimbabwe through the Infrastructure Development Bank of Zimbabwe and local partners including Old Mutual Investment Group, Zimnat Asset Management and CABS are supporting the programme with $35 M.
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.
The main intervention of the programme centres on the establishment of an innovative inclusive and gender responsive Renewable Energy Fund that aims to leverage private sector and financial markets to finance renewable energy projects that have a return on investment while achieving social impact for the acceleration of SDG achievement in Zimbabwe.
Source: ESI Africa