By Alois Vinga
THE Reserve Bank of Zimbabwe (RBZ) allotments Tuesday reached the highest ever US$36.3 million with priority going towards boosting industrial productivity growth through support on raw materials and machinery needs.
An update released at the close of business shows that 276 bids on the main auction saw US$15.6 million was allotted for raw material needs, machinery and equipment.
US$3.9 million was allotted for consumables, US$2.9 million (services US$2.3 million), retail and distribution (US$3.1 million, among other key allotments.
A total US$33.7 million was allotted on the main auction.
On the Small to Medium Enterprises (SMEs) platform, allotments towards raw materials received support to the tune of US$602 842, machinery and equipment US$507 883, consumables US$520 178, services US$328 141, retail and distribution, US$265 000 among others.
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