Government engages Kuwait Fund for Zhove irrigation funding.
Harare- Zimbabwean Government has engaged the Kuwait fund for Arab Economic Development for $35.7 mln funding for the Zhove irrigation project in Beitbridge.
The project which will develop irrigation infrastructure for intensive citrus production on the 2 250 hectares of land is expected to benefit 5000 households upon completion.
Minister of Finance and Economic Development Patrick Chinamasa, in a statement said the Kuwait fund is also assisting with mobilising part of the fund from Abu Dhabi fund for development.
“ The government of Zimbabwe is negotiating with the Kuwait Fund for Arab Economic Development for funding for the Zhove irrigation project in Beitbridge. While the Kuwait fund will provide $20 mln the government will contribute $7 mln .The fund is assisting with mobilising the remaining $8,7 mln from the Abu Dhabi Fund for development,” he said.
The funds representatives are set to visit Harare this month on an a appraisal mission of the Zhove irrigation project.
Chinamasa said the project is in line with government policy strategy to eradicating poverty ,which resulted in the launch of the interim poverty reduction strategy paper in September 2016.
“It also supports the goal of poverty eradication as envisaged in the country’s economic blueprint ,the Zimbabwe agenda for sustainable socio-economic transformation(Zimasset)
The Bippa has been on the table for 12 years and Kuwait – which holds the world’s sixth-largest oil reserves – said it had committed to terms but Zimbabwe appeared reluctant to sign.
The Zhove water canal project has been in the pipeline for several year but the government has been failing to release funds to kick start it.
Meanwhile Chinamasa also said negotiations are also underway for the Fund to provide technical assistance for the technical and economic feasibility study to construct two district hospitals in Harare.