The government has signed a US$20 million loan facility with the Kuwait Fund for Arab Economic Development to finance irrigation infrastructure in Matabeleland South province.
The agreement which will benefit the Zhove Irrigation Scheme in the province is in line with the government’s policy to derive benefits from agriculture.
The director general of Kuwait Fund for Arab Economic Development Mr Hamad al Omar says the loan facility which is aimed at increasing citrus fruit production will lead to enhanced socio-economic development.
The Minister of Agriculture, Mechanism and Irrigation Development Dr Joseph Made says Zimbabwe will continue focusing on investments in irrigation facilities in drought prone areas to boost food security.
The government is therefore committed to work with developmental partners on strategic investments in light of financial challenges facing the economy.
The signing of the loan agreement is being made when the governments has revised economic growth projections for this year to at least 3.7 percent due to anticipated increase in agriculture output.