Zimbabwe: RBZ Bails Out Mines From Tobacco Sales

PAYMENTS to mining industry's foreign suppliers have improved since the tobacco marketing season kicked off in February, according to industry sources.

This comes after the sector lurched into crisis due to failure to pay foreign suppliers as a result of foreign currency shortages which worsened at the end of last year after the introduction of bond notes by the Reserve Bank of Zimbabwe to fund export incentives.

...

AllAfrica publishes around 400 reports a day from more than 100 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.