XM does not provide services to residents of the United States of America.

Tanzania says it will export maize worth $250 mln to drought-hit Zambia



<html xmlns="http://www.w3.org/1999/xhtml"><head><title>Tanzania says it will export maize worth $250 mln to drought-hit Zambia</title></head><body>

DAR ES SALAAM, June 30 (Reuters) -Tanzania will sell 650,000 tonnes of maize to Zambia, a senior government official said on Sunday, in a deal intended to help the southern African country reduce food shortages caused by a prolonged drought.

Agriculture Minister Hussein Bashe said the two countries had signed an agreement on supplying the grain, expected to feed about 7 million people in Zambia.

Zambia is in the grip of a drought that has reduced food production and lowered power generation, pushing the government to import food from neighbouring countries.

"The agreement will be implemented within a period of eight months and will help Tanzania earn $250 million," Bashe said in a post on the social media platform X.

The agreement was signed by Andrew Komba, the director general of Tanzania's state-owned National Food Reserve Agency (NFRA), and Zambia's national disaster coordinator, Gabriel Pollen.

The maize consignment, Bashe said, will be supplied from four NFRA warehouses in the southwest of the country.

Tanzania is one of the largest producers of grains and cereals such as rice and maize in East Africa, a significant amount of which is exported to regional markets.



Reporting by Nuzulack Dausen; Editing by Elias Biryabarema and Timothy Heritage

</body></html>

Disclaimer: The XM Group entities provide execution-only service and access to our Online Trading Facility, permitting a person to view and/or use the content available on or via the website, is not intended to change or expand on this, nor does it change or expand on this. Such access and use are always subject to: (i) Terms and Conditions; (ii) Risk Warnings; and (iii) Full Disclaimer. Such content is therefore provided as no more than general information. Particularly, please be aware that the contents of our Online Trading Facility are neither a solicitation, nor an offer to enter any transactions on the financial markets. Trading on any financial market involves a significant level of risk to your capital.

All material published on our Online Trading Facility is intended for educational/informational purposes only, and does not contain – nor should it be considered as containing – financial, investment tax or trading advice and recommendations; or a record of our trading prices; or an offer of, or solicitation for, a transaction in any financial instruments; or unsolicited financial promotions to you.

Any third-party content, as well as content prepared by XM, such as: opinions, news, research, analyses, prices and other information or links to third-party sites contained on this website are provided on an “as-is” basis, as general market commentary, and do not constitute investment advice. To the extent that any content is construed as investment research, you must note and accept that the content was not intended to and has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such, it would be considered as marketing communication under the relevant laws and regulations. Please ensure that you have read and understood our Notification on Non-Independent Investment. Research and Risk Warning concerning the foregoing information, which can be accessed here.

Risk Warning: Your capital is at risk. Leveraged products may not be suitable for everyone. Please consider our Risk Disclosure.