Presidential ally obtained funds from Zimbabwe central bank

RBZ exchanged Treasury bills at inflated rate as part of giveaway, investigation finds

Reserve Bank of Zimbabwe
Reserve Bank of Zimbabwe
Baynham Goredema

An investigation by a US-based foundation says Zimbabwean authorities, including the central bank, gave hundreds of millions of US dollars to a politically connected businessperson.

The Sentry, a Washington-based investigative foundation, reported that Zimbabwean authorities gave Sakunda Holdings, an oil-trading firm, over $1 billion in Treasury bills and $230 million in cash between 2016 and 2019. In return, the firm provided $1 billion of inputs, leaving it with a “healthy surplus”.

The

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