Zambia: World Bank Stamps $208 Million Zambia Grant to Face Drought

The sum was granted to help the African nation address the social and economic impact of drought. Southern Africa has been hit by severe drought, partly due to the El Nino climate phenomenon.

The World Bank has approved a grant for Zambia worth $208 million (roughly €193.7 million), as the southern African country struggles to address the impact of drought overwhelming the region.

Zambia’s Finance Ministry announced the grant on Tuesday.

What do we know about the grant?

The Finance Ministry said…