The Swedish government has approved a new 5- year development co-operation strategy worth US$165 million for Zimbabwe.

The new development cooperation strategy was revealed during a courtesy call by the Swedish Ambassador to Zimbabwe, Ms Sofia Calltorp on Vice President Phelekezela Mphoko at his Munhumutapa offices.

Briefing journalists after a closed door meeting, Ambassador Calltorp said a total of US$33 million will be availed annually for the next five years.

The development comes at a time when government has appealed for assistance from the international community towards flood victims in the southern parts of the country.

Zimbabwe and Sweden enjoy cordial trade relations, and a trade map in 2015 showed that Zimbabwe exported to Sweden goods worth US$1 million mainly citrus fruits, footwear and ferro-alloys, while importing goods from the same country worth US$15,5 million with bias towards machinery.