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The payments, totalling US$232 996,75, marked a significant milestone in Zimbabwe’s efforts to cushion its agricultural sector against the growing threats of climate change.
Zida said the projects would address Zimbabwe’s growing demand for affordable urban housing, which supported the government’s urban regeneration goals.
The Insurance and Pensions Commission (Ipec) first announced the agricultural index in May 2023, through a partnership with the International Finance Corporation (IFC).