Finance Minister: African Development Bank Unveils US$10.4M For Zimbabwe

Zimbabwe’s Finance Minister, Professor Mthuli Ncube has announced that the African Development Bank (AFDB) has unveiled US$10.4 million for the Grand Protocol project between the Zimbabwean government and the AFDB.

The Minister revealed that the money will be used to support ZIMRA, Parliament and the Auditor General’s office.

He said, specifically, the money will be used for the modernisation of revenue mobilisation and tax administration system, strengthening parliament monitoring and oversight role, and enhancing the capacity of the Office of the Auditor-General.

Ncube also said that the government of Zimbabwe will on its part contribute US$1.1 million towards the

He added that the money will go a long way in supporting Zimbabwe’s Vision 2030 which seeks to transform Zimbabwe into a middle-income economy.

More: VOA News

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