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Zimbabwe gets US$31,8m drought insurance pay-out

Finance Minister, Mthuli Ncube

ZIMBABWE yesterday received a total of US$31,8 million as drought insurance pay-out from the African Risk Capacity (ARC) Group to combat the effects of the El Nino-induced drought and climate shocks. From this amount, US$16, 8 million is drought insurance complemented by other pay-outs to other partners, the World Food Programme (WFP), which received US$6,1…

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