Blue Ribbon, a Zimbabwean food manufacturer which is now a subsidiary of Tanzania’s Bakhresa Group, topped the list of 1 728 companies that were allotted foreign currency through the auction since its launch on 23 June 2020. It received US$25.2 million followed by Varun Beverages which got US$23.2 million. A total of US$1.7 billion was
HARARE - The Reserve Bank of Zimbabwe (RBZ) says total foreign exchange payments for the period January to April 2022 reached US$2,4 billion with foreign currency accounts contributing the bulk of the funds at US$1,8 billion. Governor Dr John Mangudya in a foreign exchange payments update for the period January to April said foreign exchange…