Source: IDBZ earmarks US$50m for horticultural climate-proofing – herald Nqobile Bhebhe Zimpapers Business Hub THE Infrastructure Development Bank of Zimbabwe is setting up a US$50 million horticulture investment fund to climate-proof one of Zimbabwe’s major sources of export earnings. The initiative comes as horticulture has become a vital component of Zimbabwe’s export earnings, significantly contributing to foreign currency inflows through in-demand products like citrus, blueberries, avocados, and flowers in European, Asian and regional markets. IDBZ said the facility will strengthen Zimbabwe’s high-value export chains against rising threats from climate change, which has increasingly disrupted production cycles, impacted yields and increased vulnerability among producers. “In terms of climate finance initiatives, the bank is developing the US$50 million Horticulture Investment Fund for Enhanced Climate Resilience (HIFECR),” IDBZ acting chief executive Mr Willing Zvirevo said ...