CBZ Agro-Yield curtails operations amid drought

Staff Writer CBZ Agro-Yield, the agricultural arm of financial services giant CBZ Holdings, scaled back its operations during the 2023/2024 summer season in response to the El Niño-induced drought which had a significant impact on the agricultural sector. The company opted to reduce the number of hectares under cultivation, prioritising farmers with irrigation capabilities to…

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Zimbabwe to boost agric production amid shifting climate patterns

Staff Writer The government has unveiled an ambitious plan to boost agricultural production in the upcoming 2024/25 summer season, targeting a significant increase in cereal yields. The plan comes amid a devastating El Niño-induced drought that ravaged the 2023/24 season. El Niño, a cyclical warming of the Pacific Ocean, disrupts global weather patterns, leading to…

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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 amid 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 security,…

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El Niño weighs on Hippo Valley’s yields

Staff Writer Hippo Valley Estates (Hippo Valley), a major Zimbabwean sugar producer, reported a drop in sugarcane yields for the year ended March 31, 2024, citing adverse weather conditions linked to the El Niño phenomenon and a reduced harvest of higher-yielding cane. The Zimbabwe Stock Exchange-listed firm’s cane yields declined to 89.20 tonnes per hectare,…

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RBZ projects 2% growth amid El Niño drought

Staff Writer The Reserve Bank of Zimbabwe (RBZ) says despite the ongoing El Niño-induced drought, the economy has remained resilient and is anticipated to grow 2% this year. El Niño, a cyclical warming of the Pacific Ocean, disrupts global weather patterns, leading to erratic rainfall and scorching temperatures in Southern Africa, including Zimbabwe. This year,…

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El Niño-driven drought in Zimbabwe: WFP warns of funding shortfall threatening millions

Staff Writer The World Food Programme (WFP) has issued a warning about the severe funding shortfalls threatening its ability to respond to the El Niño-induced drought gripping Zimbabwe. The WFP’s country brief highlights a critical gap of US$81.9 million over the next six months. This shortfall, according to the WFP, jeopardizes both immediate humanitarian food…

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El Niño threatens Zim’s telecom sector

Staff Writer The Postal and Telecommunications Regulatory Authority of Zimbabwe (Potraz) has warned of a potential slowdown in the country’s telecommunications sector due to the El Niño-induced drought. While the industry has seen steady growth, the latest postal and telecommunications sector performance report highlights concern that economic hardship caused by the drought could dampen consumer…

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Zim to import 1 million metric tonnes of maize amid drought

Staff Writer Zimbabwe will have to import approximately one million metric tonnes of maize in the marketing year 2024/25 to meet food security demands amid reduced yields due to an El Niño-induced drought, a new report reveals. According to the United States Department of Agriculture, Foreign Agricultural Service, the calculation is based on an almost…

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USAID steps up to aid Zimbabwean communities battered by El Niño drought

Staff Writer The United States Agency for International Development (USAID) awarded a US$3 million grant to CARE Zimbabwe in a move to bolster food security efforts in Zimbabwe. The funds will target 25,000 people in the Bikita district of Masvingo province, one of the areas hardest hit by the El Niño-induced drought. According to the…

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