Categories: Economy

Tanzania to Supply 650,000 Tons of Corn to Drought-Stricken Zambia

In a significant move to combat food shortages in the region, Tanzania has agreed to supply 650,000 tons of corn to neighboring Zambia.

The agreement signed on Saturday in Dar es Salaam between Tanzania’s National Food Reserve Agency (NFRA) and Zambia’s counterpart, comes as Zambia grapples with a severe dry spell induced by El Niño.

Tanzania’s Agriculture Minister, Hussein Bashe, announced the deal, stating that the NFRA would deliver the maize over the next eight months.

This agreement forms part of Tanzania’s broader strategy to export 1 million tons of corn this year to assist neighboring countries facing staple food shortages.

“Our country has produced 8.1 million tons of corn this season, surpassing our national demand of less than 6 million tons,” Bashe said, highlighting Tanzania’s capability to support its neighbors. “This agreement with Zambia reflects our commitment to regional solidarity and food security.”

Zambia has been particularly hard-hit by the El Niño phenomenon, which has caused widespread drought and led to significant crop failures.

In February, Zambian President Hakainde Hichilema declared the drought a national disaster and appealed for international aid in April.

Secretary to the Treasury Felix Nkulukusa reported that Zambia has received commitments totaling about $500 million from international partners but still requires an additional $400 million to fully address the crisis.

The Tanzanian corn will play a crucial role in alleviating the food shortage in Zambia, ensuring that the nation can sustain its population through the ongoing drought.

The export agreement also underscores Tanzania’s strategic use of its agricultural surplus to foster regional stability and support.

This development marks a pivotal moment in East African agricultural trade, demonstrating how regional cooperation can effectively address crises exacerbated by climate change.

As Tanzania steps up to aid its neighbor, the move is expected to strengthen bilateral ties and enhance collective resilience against future environmental challenges.

Samed Olukoya

Is the CEO and Founder of Investors King Limited. He is a seasoned foreign exchange research analyst and a published author on Yahoo Finance, Business Insider, Nasdaq, Entrepreneur.com, Investorplace, and other prominent platforms. With over two decades of experience in global financial markets, Olukoya is well-recognized in the industry.

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