South Africa has transferred about $200 million to Zimbabwe’s power-sharing government.
According to the government information services international relations and cooperation director general Ayanda Ntsaluba said the South African government managed to secure $300 million in budget support from its neighbours to reviving Zimbabwe’s economy.
"This grant is aimed at assisting Zimbabwe in some of the critical sectors that require assistance," explained Nstuluba, adding that a report indicates that the money was used towards the improvement of the lives of ordinary Zimbabweans.
Zimbabwe's new power-sharing government secured the $300 million in budget support from its neighbours to revive the country's economy in April this year.
Negotiations between the neighboring countries, including South Africa and Botswana, had been wrapped up earlier on after Zimbabwe’s political parties formed a government of national unity.
Botswana alone donated $70 million.
The southern Africa region is also finalising discussions around credit lines for Zimbabwe which from years of misrule by long time ruler Robert Mugabe has been reduced to a basket case, with disease, starvation, violence becoming the order of the day.
Britain has pledged more than $21 million in humanitarian aid to Zimbabwe, which is estimated to benefit three million people by way of food, seeds and fertilizer.
Wednesday, August 12, 2009
South Africa transfers US$200 million to Zimbabwe
Subscribe to:
Post Comments (Atom)
Ghana Pundit Headline News
E-mail subscription
Pan Africa News
Graphic Ghana
MYJOYONLINE.COM
Peacefm Online - News with a vision
The Times - World News
The Times - Africa News
Pambazuka News :Emerging powers in Africa Watch
AfricaNews - RSS News
The Zimbabwe Telegraph
BBC News | Africa | World Edition
Modern Ghana
My Blog List
-
Should Frozen Russian Assets Fund Ukraine? - The adversaries during more cordial times. Unbeknownst to many, one of the linchpins of the post-WWII global infrastructure is coming under sustained at...5 days ago
-
Chinese Lending to Sri Lanka: A Factual cum “Reality” Check - Note: This guest blog post by Dr Muttukrishna Sarvananthan is a response to CARI briefing paper 08/2022: EVOLUTION OF CHINESE LENDING TO SRI LANKA SINCE TH...1 year ago
-
-
A Leopard can’t change its skin: PNDC versus Rev. Charles Palmer Buckle, NDC versus Rev Martey & Otabil - The Catholic Standard, before it was banned by the PNDC government of Jerry John Rawlings in 1985, was Ghana’s oldest private newspaper, owned by the Catho...7 years ago
-
Egyptians mass in Tahrir to honour uprising - Hundreds of thousands of people have gathered in Cairo's Tahrir Square to commemorate the first anniversary of the Egyptian revolution that toppled their l...12 years ago
-
Egyptians mass in Tahrir to honour uprising - Hundreds of thousands of people have gathered in Cairo's Tahrir Square to commemorate the first anniversary of the Egyptian revolution that toppled their l...12 years ago
-
-
-
No comments:
Post a Comment