Zimbabwe receives US$31.8 million drought relief payout from African Risk Capacity

Staff Writer Zimbabwe has received a US$31.8 million payout from the African Risk Capacity (ARC) drought insurance scheme to bolster food security efforts and aid a challenging agricultural season. Zimbabwe like its counterparts in Southern Africa, is currently grappling with El Niño-induced severe drought which has impacted millions of farming households, affecting their livelihoods, food…

Read More

AfDB, JICA agree on climate finance innovation for Africa

Staff Writer The African Development Bank Group (AfDB) and the Japan International Cooperation Agency (JICA) have called for a new approach to financing climate action to back Africa’s efforts to tackle climate change. During a meeting in Tokyo, both organisations acknowledged that traditional concessional loans are not enough. They emphasised the importance of innovative financial…

Read More