Tobacco farmers yet to get paid since selling their crop last Wednesday depite RBZ’s assurance

Posted by Tayana (@tayatheheir)

Tobacco farmers who spoke to ZBC News at the Tobacco Sales Floor in Harare today said they are yet to get paid since selling their crop last Wednesday despite assurances by the Reserve Bank of Zimbabwe that it will avail money during the tobacco selling season.

Speaking to The Herald, Reserve Bank of Zimbabwe (RBZ) Governor Dr John Mangudya, yesterday said central bank had moved in to address issues which saw some tobacco farmers withdrawing $300 instead of $1 000 per initial sale as announced.

More: ZBC

Harare formerly Salisbury is the capital of Is capital of::Zimbabwe. It is the is the seat of Government, the industrial hub and commercial centre for Zimbabwe. The city was founded by the Cecil John Rhodes-led Pioneer Column in 1890 and it named it Salisbury. The name was only changed to Harare in 1982 a name borrowed from the the regional chief Neharawa of the Kopje area where the city stands. The city's favourable climate earned it the name 'Sunshine City'. Read More

John Panonetsa Mangudya is an economist and the current Reserve Bank of Zimbabwe governor. Mangudya, who sits on many local and international boards was made RBZ governor after the expiry of Gideon Gono's term in 2014. He had been CBZ Holdings Ltd Chief Executive since April 2012 before this appointment. In his maiden speech in May 2015, he called for fiscal discipline and a balance between indigenisation and need to attract foreign investment. His call came at a time when government is eager to implement the Indigenisation Act which requires all foreign owned companies to cede 51% of their shares to locals. In May 2016, mangudya announced that Zimbabwe would introduce Bond Notes in October 2016 which would have the same value as the US dollars already in circulation. The announcement was met with anger and protests from the Zimbabwean population especially in Harare and Bulawayo. Read More

The Reserve Bank of Zimbabwe (RBZ) is the central bank of Zimbabwe. Its offices are located at number 80 Samora Machel Avenue in Harare. The Reserve Bank of Zimbabwe operates under the Reserve Bank of Zimbabwe Act, Chapter 22: 15 of 1964. The Act provides for the Board of Directors and the post of Governor who is responsible for the day-to-day administration and operations of the Bank. The Governor is assisted by two Deputy Governors. Read More

The Herald is a government-owned daily newspaper published under the Zimbabwe Newspapers (Zim Papers) stable in Harare. It is also the country's oldest newspaper still in print. Read More

Zimbabwe Broadcasting corporation is a state controlled broadcaster in Zimbabwe. Read More

The Republic of Zimbabwe is a country located in the Southern Africa region. Its capital city is Has capital::Harare and the country has provinces. Zimbabwe is 390,580 sq km and is bordered on all sides by other countries (Zambia in the north, South Africa in the South, Botswana in the west and Mozambique and Malawi in the east). The Zimbabwean population includes the majority black Africans, most of who are indigenous Shona and Ndebele. Besides these major ethnic groups, there are also migrant citizens mainly from sub-Saharan Africa. Besides these foreigners resident in Zimbabwe, there are also a number of other local indigenous ethnic minorities scattered in different corners of the country and these include the Tonga, the Tawara, Venda and Kalanga people. As at 2012, the population of people in Zimbabwe stood at 13 061 239.The National Anthem. Click below to play Read More

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