Zim’s food import bill surges on El Niño

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…

Read Full News

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 Full News

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 Full News

Zimbabwe needs circular economy, climate-resilient agric for sustainable growth -UN

Staff Writer Zimbabwe must prioritise a circular economy and climate-smart agriculture to ensure sustainable economic development, UN Resident Coordinator Edward Kallon has said. Speaking at the Zimbabwe National Chamber of Commerce Annual Congress, Kallon highlighted the importance of resource efficiency and waste reduction. He noted that a circular economy framework emphasises resource efficiency and waste…

Read Full News

Meikles commits to environmental sustainability

Staff Writer Hospitality and retail group Meikles Limited (Meikles) says it continues to progress in reducing the negative environmental impacts from its operations. The Zimbabwe Stock Exchange-listed group’s chairman, John Moxon said Meikles has broadened its commitment to sustainability by incorporating sustainability issues in its governance processes and structures. This suggests a long-term approach by…

Read Full News
error: Content is protected !!