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*DRC Ambassador Listed As Top Beneficiary Of RBZ Foreign Currency Auction* *Follow Pindula on WhatsApp for daily new updates* https://whatsapp.com/channel/0029Va84dngJP21B2nWeyM3v?rh The ambassador of the Democratic Republic of Congo to Zimbabwe, Mawampanga Mwana Nanga has been listed as a top beneficiary of foreign currency sold at the Reserve Bank of Zimbabwe (RBZ) foreign currency auction system. The foreign diplomat received higher forex allocations than a large-scale mining company over a period of one year. ---------- *HOT DEALS:* *itel A70 - (128GB, 3GB RAM) $89,* *itel A70 - (256GB, 4GB RAM) $99* *itel P40 (128GB, 4GB), (6000mAh) $99* *itel P40 (64GB, 4G), (6000mAh) $93* *LATEST: itel S24 (128) $124; S24 (256GB) $159* Cash on Delivery in Harare & Bulawayo. Tinotumira kwamuri inosvika. WhatsApp: 0️⃣7️⃣8️⃣3️⃣ 4️⃣5️⃣0️⃣ 7️⃣9️⃣3️⃣ ---------- The NewsHawks reports that Mwanananga doubles as the dean of African diplomats and is known for rallying counterparts in the diplomatic service to project Zimbabwe in good light especially during chaotic events like elections. According to the latest list of 1 423 beneficiaries of the US$1.2 billion allotted under the main foreign exchange auction between June 2020 and 31 May 2021 which was published by the RBZ, the DRC ambassador, accessed US$120 000 from the main auction system. RBZ’s June 2020-May 2021 List Of Foreign Currency Beneficiaries PDF: RBZ List Of Forex Auction System Beneficiaries RBZ’s List Of Foreign Currency Auction Beneficiaries Is Misleading – Magaisa Full List: Top 100 Beneficiaries Of The RBZ Forex Auction RBZ Foreign Currency Auction: Zimbabwe Dollar Drops Against USD UPDATE: RBZ Selling Forex To Bureaux De Change -Fresh Details FULL TEXT: RBZ Statement On Funding Of Forex Applications FULL LIST: June 2020 to April 2021 Forex Auction Beneficiaries Mwananangwa who is at position 992 on the main auction allocation list has no known business interests in Zimbabwe. The Congolese diplomat accessed more cash than local diamond miner Murowa Diamonds which requires forex for its production. Mining is one of the most capital intensive sectors in the country. Murowa received US$100 000 which represented 0.01% of the total allocations for large entities. Other notable beneficiaries who received fewer funds from the apex bank compared to the DRC ambassador include Hwange Colliery, the City of Masvingo, Zimbabwe School Examinations Council and the Bindura University of Science Technology. A few months ago, a local research unit Econometer Global Capital expressed concern over the allocation list which was published by the RBZ at the start of the year. Econometer Global Capital said the would have been more helpful if the central bank had also provided critical information on whether or not the top beneficiaries are exporting, how their capacity has improved, among other key variables that may aid in understanding whether or not the forex is being put to good use. More: Pindula News; TheNewsHawks _If you found this article useful_ *Please support Pindula by forwarding to friends and groups*
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