SADC in $225 million deal with USA :: Mmegi Online

In the new Memorandum of Agreement (MOA) signed between the SADC and United States of America government yesterday, the US government PLANS to give away a whopping $225 million to the southern African countries in the new regional development collaborative deal that ran out in 2018.

The $225 million that is expected to be pumped into the new agreement deal between SADC and USA is envisioned to go towards the SADC ‘Regional Development Objectives’ only.

Through the MOA signing that was held at the SADC Secretariat, Mphatso Kachule who is the legal counsel for the regional body revealed that funds from the agreement will come in batches. “The funds from the collaborative agreement will be provided in tranches and from 2023 to 2024 the initial allocation is $35.8 million. And this means that next year the government will provide another tranch depending on what the agreement will be in terms of the areas of cooperation,” he explained.

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