Zimbabwe: Import Cuts to Save U.S.$1bn Annually

Zimbabwe is poised to save over US$1 billion in imports annually as the Government builds up farming to boost national food security and reduce reliance on imports.

Trade data from the Reserve Bank of Zimbabwe (RBZ) shows that the country’s food import bill surged to US$976,1 million last year, a 55,2 percent increase from US$628,9 million in 2023 as a result of the crippling drought last year.

Grain imports, particularly maize, accounted for the bulk of these imports, totalling over US$1 billion,…