List of 2 579 businesses that received forex from the RBZ auction in May 2022

Industry and Commerce Minister Dr Sekai Nzenza (Third from left), Provincial Minister of State for Mashonaland West Mary Mliswa Chikoka and Indian Ambassador to Zimbabwe Rungsung Masukui listen while Cangrow Trading managing director Ankit Jain (Left) explains the cooking oil making process- Picture by Kudakwashe Hunda

About US$113 million was allotted to 2 579 businesses in May with US$94.5 million going to 682 large firms and US$18.5 million to 1 897 small and medium enterprises.

Total forex paid out in May amounted to US$641 million with US$517 million coming from foreign currency accounts and only US$10.3 million from the interbank market.

Here is the list of all 2 579 companies.

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This post was last modified on June 19, 2022 6:23 am

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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.