The African Development Bank (AFDB) has launched three projects for Zimbabwe through grants amounting to US$27 million.
The grants approved in the last quarter of 2016 and January this year are in the sectors of energy, youth and women empowerment and state enterprises reform.
The projects unveiled by the African Development Bank comprise the Karoi Power Transmission Rehabilitation Project (AKTP) valued at US$18.4 million, the Youth and Women Enhancement Project (YWEP) worth US$4.7 million and the Institutional Support for State Enterprise Reform and Delivery Project valued at US$4 million.
Under the AKTP an 85 kilometer long power transmission will be built from Alaska to Karoi and the extension of Alaska substation.
The YWEP project seeks to economically empower vulnerable women and youths.
Government will receive support in enhancing corporate governance compliance and delivery as well as review of selected state enterprises.
AFDB officer in charge for Zimbabwe Mary Monyau said the projects are being supported to help government achieve its social and economic priorities.
Accountant General in the Ministry of Finance and Economic Development Mr Daniel Muchemwa and Permanent Secretary for Energy and Power Development commended the AFDB for supporting Zimbabwe through projects that will unlock opportunities.
The AFDB has 16 active projects in Zimbabwe, with a total of US$211 million being committed.
Water and power dominated the projects taking up 63 percent of funding.