Latest News Editor's Choice

News / National

Treasury instructed RBZ to pay US$660m to Sakunda

by Staff reporter
17 Sep 2019 at 07:35hrs | Views
The Reserve Bank of Zimbabwe (RBZ) yesterday told parliament that it paid US$663,8 million worth of treasury bills (TBs) to Sakunda Holdings (Sakunda) owned by fuel mogul Kuda Tagwirei under instruction from the ministry of Finance.

RBZ deputy governor Kupukile Mlambo, who was in the company of two other bank officials, made the revelation while presenting oral evidence to Parliament's Public Accounts Committee (Pac) on payments for Command Agriculture.

More to follow...

Source - Daily News