Zimbabwe has so far secured $1 billion from African financial institutions.

Economic planning minister Elton Mangoma said major strides in obtaining lines of credit for the private sector had been made, and the $1 billion target had already been surpassed.

The country urgently needs $1 billion in credit lines to revive industries and the same amount for direct budget support, a large chunk of that to pay workers.

$8.3 billion will be needed to restore Zimbabwe's economy that was destroyed by a decade of bad policies.

Mangoma was speaking at the launch of a 100-day government plan to repair the economy.

But efforts to raise $1 billion in direct aid from donors which the government desperately needs to fund its operations, has largely been unsuccessful, with only $35 million secured from South Africa and China.