Bongi Khumalo Finance Minister Mthuli Ncube says Zimbabwe is setting up a US$500 million El Niño protection fund to shield the economy from severe drought and climate-induced agricultural shocks. Addressing a virtual press conference at the ongoing 2026 International Monetary Fund (IMF) and World Bank Annual Meetings, Ncube said strong fiscal revenue performance has enabled…
Bongi Khumalo Zimbabwe has secured a US$5.4 million grant from China to fund nine irrigation schemes spanning nearly 1,600 hectares across six provinces, advancing efforts to safeguard domestic food production against worsening climate risks. The agreement, signed Tuesday, aligns with Strategic Pillar 3 of the government’s Six-Pillar Drought Response Plan. Under this framework, Treasury and…
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