Mthuli Ncube Stopped RBZ🏦 from Giving Foreign Currency to ZESA

  |   Zimbabwe News

Zimbabwe Power Company has complained over the government’s decision to stop giving power utility, ZESA, foreign currency to import electricity and enhance power generation at local power stations.

The government, through the Reserve Bank of Zimbabwe, used to give ZESA foreign currency until October 2018 when the Finance Minister stopped the arrangement. These remarks were reiterated by RBZ governor, Dr John Mangudya who also revealed that the government was now raiding the Reserve Bank of Zimbabwe (RBZ) to finance its ever-widening budget deficit.

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