Categories: Stories

List of 1 728 companies that received forex from the Zimbabwe auction from June 2020 to August 2021

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 allotted with US$1.3 billion being disbursed this year.

Varun Beverages, however, got US$15 million this year while Blue Ribbon was allotted US$14.7 million.

Here is the list of all the 1 728 companies and what they got.

Continued next page

(472 VIEWS)

This post was last modified on %s = human-readable time difference 10:10 pm

Page: 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26

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.

View Comments

Recent Posts

Will Mnangagwa go against the trend in the region?

Plans by the ruling Zimbabwe African National Union-Patriotic Front to push President Emmerson Mnangagwa to…

October 22, 2024

The Zimbabwe government and not saboteurs sabotaging ZiG

The Zimbabwe government’s insatiable demand for money to satisfy its own needs, which has exceeded…

October 20, 2024

The Zimbabwe Gold will regain its value if the government does this…

Economist Eddie Cross says the Zimbabwe Gold (ZiG) will regain its value if the government…

October 16, 2024

Is Harare the least democratic province in Zimbabwe?

Zimbabwe’s capital, Harare, which is a metropolitan province, is the least democratic province in the…

October 11, 2024

Zimbabweans against extension of presidential term in office

Nearly 80% of Zimbabweans are against the extension of the president’s term in office, according…

October 11, 2024

Zimbabwe government biggest loser when there is a discrepancy in the exchange rate

The government is the biggest loser when there is a discrepancy between the official exchange…

October 10, 2024