Staff Writer The Reserve Bank of Zimbabwe (RBZ) says the financial sector has made significant progress in integrating sustainability as climate-related disasters like droughts and floods intensify. The central bank said this comes as there is an increasing demand for banking institutions to effectively manage financial risks while playing an active role in promoting the…
Staff Writer Zimbabwe’s food import bill increased significantly by 55.2% to US$976.1 million in 2024 from US$628.9 million in 2023, latest data shows. According to the Reserve Bank of Zimbabwe (RBZ), the increase was underpinned by grain imports, necessitated by the El Niño-induced drought that adversely affected the 2023/24 agricultural season. “Maize imports increased from…
Staff Writer The Zambezi River Authority (ZRA) says water levels at the Kariba Dam have gradually risen due to intensified rainfall. In its latest hydrological update, ZRA said the trend is projected to continue as we approach the end of the first quarter of 2025. “The water levels in the Kariba Reservoir have been gradually…
Staff Writer The World Bank has called on Zimbabwe to finalise its disaster risk management legislation and strengthen its early warning and disaster response systems. Currently, the Civil Protection Act (1989) is the guiding legislation underpinning disaster response in the country. The Civil Protection Act focuses narrowly on civil protection and disaster response management led…
Staff Writer The World Bank says the cost of inaction on climate change could erode up to 12% of Zimbabwe’s gross domestic product (GDP) annually. In its latest Zimbabwe Economic Update, the World Bank emphasises the urgent need for proactive climate adaptation measures, highlighting that every dollar invested in early interventions could save up to…
