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*Rise In Tobacco Exports Narrows Zim Trade Deficit* *Follow Pindula on WhatsApp for daily new updates* https://whatsapp.com/channel/0029Va84dngJP21B2nWeyM3v?wx The Reserve Bank of Zimbabwe (RBZ) has revealed that Zimbabwe’s negative trade balance narrowed in August, falling 42 per cent to $127,2 million. This has been attributed to growth in exports, particularly tobacco exports which grew 94 per cent. The mining industry also contributed to the narrowing of the trade deficit with gold exports which grew 35,5 per cent, nickel matte rose 28 per cent and nickel concentrates which grew 28,7 per cent. In a statement the RBZ said > Merchandise exports rose to $449,3 million in August 2018, representing a 32,03 per cent increase, compared to $340.3 million registered in July 2018. > The surge in exports was attributed to good export performance of flue-cured tobacco (94,4 percent); gold (35.4 percent); nickel mattes (28,0 percent); and nickel ores and concentrates (28,7 percent). More: Herald ---------- itel A70 256GB $99USD WhatsApp: https://wa.me/+263715068543 Calls: 0772464000 ---------- _If you found this article useful_ *Please support Pindula by forwarding to friends and groups*
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