Zimbabwe faces $4.8 billion climate funding gap, new governance book calls for reforms
via NewsDay Zimbabwe1 min read
Zimbabwe is grappling with a significant $4.8 billion climate funding gap, as highlighted by a new book on governance that advocates for reforms. This financial shortfall is critical given the country's ongoing battles with climate and food security risks, which have prompted proposals for new grain levies. The urgency of securing green funding is underscored by delays in unlocking carbon cash, preventing Zimbabwe from accessing billions. Meanwhile, various local issues persist, including political tensions leading to violent attacks and forced evictions at grasslands plots, and power outages and raw material shortages impacting ART operations, with the manufacturer reporting declines in export and paper division volumes for the third quarter to June 2022. Other developments include the cancellation of Orchid Funeral Assurance's license by IPEC, with policyholders urged to file claims by June 30, and the arrest of Bikita RDC's finance boss over alleged abuse of office. Discussions around Constitutional Amendment Bill No. 3 continue, with retired generals warning MPs against backing it, and lawmakers urged to prioritize Zimbabwe's interests. The article also touches on the Zimbabwe Industrial Hemp Trust, the importance of agri-input dealers, and the integration of traditional land custodianship into ESG reporting.
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This summary was AI-generated from a story originally published by NewsDay Zimbabwe.
Must ReadZimbabwe has commissioned a specialized honey testing laboratory, a development aimed at enhancing the country's export competitiveness in the honey sector. This initiative is expected to support the growth and quality assurance of Zimbabwean honey products for international markets.
Zimbabwe is preparing for its Nations Cup finale match against Canada. Other news includes Harare municipal police seeking more authority, a security guard stealing US$160,000, a rise in teenage sex trade in Mutare, and Starlink kits gathering dust at rural hospitals due to subscription delays. ZMX reports rising confidence with trades reaching US$1.28 million, while families on the streets are highlighted as a national issue. Stanbic Bank-backed Carnival Cup is set to begin, and the Shingirirayi Youth Ministry is organizing an under-13 football tournament in Mbare. Political tensions over grasslands plots have led to violence and forced evictions. ART operations are affected by power outages and raw material shortages, with export and paper division volumes declining by 6% and 26% respectively in the third quarter to June 2022. Zanu PF is anticipated to ambush Zimbabwe towards a referendum, and a kidnapping trial was postponed due to a lawyer's absence. A specialized honey testing laboratory has been commissioned in Zimbabwe to enhance export competitiveness.
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