AfDB approves $10 million grant to boost climate resilience in Zimbabwe

The African Development Bank Group has approved a $10,12 million grant from its African Development Fund to boost sustainable agricultural production and strengthen rural resilience in drought-prone regions in Zimbabwe. The project is expected to directly benefit 7,000 livestock-keeping farmers and 42,000 smallholder farmers in Zimbabwe. The Zimbabwe Agricultural Value Chain and Livelihoods Enhancement Project…

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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…

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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…

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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…

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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…

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