How much Zimbabwe forex abusers got


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The 18 companies that were named and shamed for abusing foreign currency that they obtained from the foreign currency auction system introduced in June last year were allocated a total of US$26.4 million according to figures obtained from the list published by the Reserve Bank of Zimbabwe.

Food giant, National Foods, got nearly US$8.5 million followed by Africa Steel with US$4.6 million.

Phirebrook Investments was got only US$20 000 and Fliknik Enterprises, US$36 872.

The auction, which turns one year next week, has so far allotted nearly US$1.5 billion to 5 815 businesses.

Below is the list of abusers and how much each company got.

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Charles Rukuni
The Insider is a political and business bulletin about Zimbabwe, edited by Charles Rukuni. Founded in 1990, it was a printed 12-page subscription only newsletter until 2003 when Zimbabwe's hyper-inflation made it impossible to continue printing.

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