The Reserve Bank of Zimbabwe is set to meet bankers over foreign currency allocations following claims by business that banks are not prioritising the productive sector. In the wake of a deepening foreign exchange shortage that has seen Zimbabwe accumulate an international payments backlog pegged at $600 million as at May 2017, the country’s main exporters last week approached Reserve Bank of Zimbabwe (RBZ) governor, John Mangudya, for an intervention in the allocation of the scarce forex.
Zimbabwe opposition leader Morgan Tsvangirai today disowned a social media group called “Save chete chete” saying it is not his official representative.
If you had a million dollars to spare back in January, and you invested it in General Beltings stock, today your fortune would have grown to $6.8 million.
War veterans leader Christopher Mutsvangwa had declared the mother of all battles against the Zimbabwe African National Union-Patriotic Front faction known as G40 and has vowed to decampaign them and President Robert Mugabe if he endorses that faction.
Movement for Democratic Change leader Morgan Tsvangirai was already frustrated by President Robert Mugabe and the Zimbabwe African National Union-Patriotic seven months after the formation of the inclusive government.