More than 600 companies allotted US$57.7 million through the auction in January. Here is the list

A total of 649 enterprises were allotted US$57.7 million through the auction in January, according to figures released by the Reserve Bank of Zimbabwe on Tuesday.

Zimbabwe, however, paid out US$768.4 million in January with the bulk, US$684.8 million, coming from foreign currency accounts and US$26 million from the interbank market.

The auction market has so far disbursed US$3.8 billion since its launch in June 2020.

The top 10 companies allotted money in January were:

Blue Ribbon Foods
Varun Beverages
Willowton Group
Windmill
Pure OIl Industries
Cangrow Trading
Surface Wilmar
United Refineries
Parrogate Zimbabwe
Satewave Technologies

Here are all the 649 companies that were allotted money in January.

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This post was last modified on February 17, 2023 11:05 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.