Zimbabwe received $31.8 million from African Risk Capacity, an arm of the African Union, as part of an insurance payout for the devastation the country suffered from an El Niño-induced drought. Finance Minister Mthuli Ncube told reporters on Thursday in the capital, Harare, that the government has also approved a food distribution strategy to help those most in need.
” ADVERTISEMENT CONTINUE READING BELOW In May, the African Union’s climate insurance agency said it will pay out at least $60 million to Malawi, Zambia, Zimbabwe and Mozambique to help them offset the impact of the weather catastrophe. The money from African Risk Capacity is expected to benefit 509,000 households. The government directly received a payment of $16.8 million. The World Food Programme got $6.