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The United Nations launched the Zimbabwe Sustainable Development Goals in partnership with the Government of Zimbabwe in Harare yesterday.
Collaboratively developed by UNESCO, UNWOMEN, UNDP and the Government of Zimbabwe, the program will leverage private capital for the attainment of all SDG goals.
The US$45 million Renewable Energy Fund aims to reduce barriers to investment in renewable energy businesses by catalysing investments from both international and domestic investors
By emphasizing the role that. the private sector will play in driving renewable energy developments, the program ensures a high return of investment while meeting social impact objectives.
Speaking during the launch,United |Nations resident coordinator Mr Edward Kallon said that the UN SDG-Fund Joint Project will support scaling up of Renewable Energy and its value chain in the country.
“The joint programme hopes to benefit Zimbabwe by increasing access to capital to finance renewable energy projects, the introduction of renewable energy technology with new entrepreneurship opportunities, income and job creation, and improved quality of life and the environment,’’he sai
The United Nations Sustainable Development Goals (SDG)-Fund will invest $10 million into Zimbabwe’s renewable energy sector through a program that aims to catalyze clean energy developments in the southern African country.
The 4-year program will be implemented in collaboration with the Zimbabwean government, who, through the Infrastructure Development Bank of Zimbabwe, will be investing $35 million together with local partners, Old Mutual Investment Group alongside its member CABS and Zimnat Asset Management.
The fund will also enable Zimbabwe to come out of the crippling power situation and also strive toward he development of clean energy sources.
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