Zimbabwe Receives U.S.$32 Million Drought Insurance Payout

Zimbabwe has received a direct drought insurance payout of US$16.8 million from the Africa Risk Capacity (ARC) Group to mitigate hunger.

The payout is complemented by payouts to replica partners World Food Programme (WFP) $6.1 million and Start Network ($8.9 million), totalling $31.8 million.

Zimbabwe is grappling with the El Nino-induced drought which has left an estimated 9 million people food insecure.

Both the urban and rural populations in Zimbabwe will need food assistance before the next…