US$500m El Niño Protection Fund on Cards
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Zimbabwe forecasts a reduction of almost 30% in maize production in 2027 due to the expected drought caused by the El Niño weather phenomenon. According to government estimates, crop yields could be about 1.6 million tons, well below last year's level. To prevent a food crisis, the government plans to create a reserve of $500 million, which will ensure grain purchases and support food security. The post Zimbabwe expects to cut its corn crop by 3…
US$500m El Niño protection fund on cards
Nqobile Bhebhe-Zimpapers Business Hub GOVERNMENT is building a US$500 million El Niño protection fund, comprising US$250 million in cash and US$250 million worth of grain reserves, as Zimbabwe steps up preparations for a potentially severe drought in the 2026/27 agricultural season. The fund is expected to provide a financial and food-security buffer against the anticipated […]
Government boosts grain reserve
GOVERNMENT is buying grain from local farmers to replenish its strategic reserve ahead of an anticipated El Niño-induced drought. Zimbabwe is bracing for a dry and erratic 2026-27 rainfall season, with a strong El Niño weather pattern expected to bring below-normal rainfall, prolonged dry spells...
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