https://en.sputniknews.africa/20240302/zimbabwe-to-launch-renewable-energy-fund-with-initial-investment-of-45-million-state-media-reports-1065352683.html
Zimbabwe to Launch Renewable Energy Fund With Initial Investment of $45 Million, State Media Reports
Zimbabwe to Launch Renewable Energy Fund With Initial Investment of $45 Million, State Media Reports
Sputnik Africa
Zimbabwe is known for its vast mineral resources and is poised to play a key role in the global pursuit of sustainable and renewable energy sources. In... 02.03.2024, Sputnik Africa
2024-03-02T16:56+0100
2024-03-02T16:56+0100
2024-03-02T16:56+0100
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Zimbabwe will launch a Renewable Energy Fund with initial investment of $45 million, state media The Herald reported.International financial services group Old Mutual will reportedly manage the fund.The fund is the central part of the project 'Catalyzing Investments into Renewable Energy for the Acceleration of the Attainment of the SDGs in Zimbabwe,' which was launched by the country's Energy and Power Development Ministry in partnership with UNESCO, UNDP, UNWOMEN, UNCDF.
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zimbabwe, united nations (un), unesco, energy, renewable energy , funding, southern africa
zimbabwe, united nations (un), unesco, energy, renewable energy , funding, southern africa
Zimbabwe to Launch Renewable Energy Fund With Initial Investment of $45 Million, State Media Reports
Zimbabwe is known for its vast mineral resources and is poised to play a key role in the global pursuit of sustainable and renewable energy sources. In addition to lithium and iron, the country also has significant deposits of gold, platinum group metals (PGMs), chromium, coal, and diamonds.
Zimbabwe will launch a Renewable
Energy Fund with initial investment of $45 million, state media The Herald reported.
International financial services group Old Mutual will reportedly manage the fund.
"To further our thrust and achievements in the renewable energy sector, we, together with our partners in the United Nations family, have conceptualised the Renewable Energy Fund, a platform for mobilising resources and facilitating investments in renewable energy solutions across Zimbabwe, leveraging our experience and expertise in this sector," Old Mutual Chief Finance Officer Tendai Mudekunye said.
The fund is the central part of the
project 'Catalyzing Investments into Renewable Energy for the Acceleration of the Attainment of the SDGs in Zimbabwe,' which was launched by the country's Energy and Power Development Ministry in partnership with UNESCO, UNDP, UNWOMEN, UNCDF.
"It is anticipated that more institutional investors will come in and commit to the Fund to enable creation of positive futures in the renewable energy space. We will continue to support government programs through this initiative," Mudekunye noted.
