Zimbabwe receives $30M of a $60M insurance payout for El Niño-hit African nations for drought impact.
Zimbabwe will receive $30M of a $60M insurance payout for El Niño-hit African nations, including Malawi, Zambia, and Mozambique. This comes as all four nations face the impact of a drought, which has caused a state of disaster to be declared and reduced corn output. The payout from the African Union's climate insurance agency is a fraction of what is needed to alleviate the impact.
May 18, 2024
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