Presidential ally obtained funds from Zimbabwe central bank

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”.


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