Sovereign Project

Zimbabwe - The Agricultural Climate Resilient and Vulnerability Reduction Project (ACRES)

Zimbabwe · {'name': 'Matobo', 'coordinates': '-20.95545 28.49463'}, {'name': 'Mangwe District', 'coordinates': '-20.95545 27.98292'}

Agricultural policy and administrative management · Public investment / AfDB sovereign financing

Estimated cost24.4m XDR
Financing soughtAfDB sovereign financing approved
Project structurePublic investment / AfDB sovereign financing
Target date2031-12-31
Sponsor / contactMinistry of Lands, Agriculture and Water Development

Ministry of Lands, Agriculture and Water Development
AHAI2

Zimbabwe

Description

The Agricultural Climate Resilient and Vulnerability Reduction Project (ACRES) supports the Government of Zimbabwe in strengthening climate resilience and reducing vulnerability in the agricultural sector, particularly in drought-prone areas. The total project cost amounts to UA 20.50 million, financed by a UA 18.21 million grant from the African Development Fund under the Transition Support Facility (TSF) Pillar I (88.8%), complemented by a Government in-kind contribution of UA 2.06 million (10.1%) and a beneficiary contribution of UA 0.23 million (1.1%), with no external co-financiers. The project promotes climate-smart agriculture, sustainable land and water management, and resilient rural infrastructure to address recurrent droughts, ecosystem degradation, and food insecurity. It aligns with Zimbabwe’s National Development Strategy (2021–2025), the Bank’s Ten-Year Strategy (2024–2033), and the High 5 priorities “Feed Africa” and “Improve the Quality of Life for the People of Africa,” while contributing to adaptation and mitigation objectives under the Paris Agreement.

Status
Ongoing
Last update
14 Aug 2026
Source
African Development Bank Group · IATI
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