Reserve Bank of Zimbabwe (RBZ) Governor John Mangudya said that arrangements have been made towards the purchase of Cabinet Ministers’ vehicles at a cost of US$16 million.
Mangudya made the revelations while responding to questions from Members of Parliament at the ongoing 2019 pre-budget seminar in Victoria Falls. He said:
The Minister gave me an assignment about the purchase of Ministers’ vehicles and we have agreed with the supplier of vehicles. We are going to buy these vehicles through a letter of credit so that you all get them in one lot.
The cars will be purchased using money drawn from foreign currency generated from exports, Mangudya claimed.
Meanwhile, vehicle assemblers, Quest Motors and Willowvale Motor Industries (WMI), have said they have the capacity to produce quality vehicles and are ready to provide the vehicles if requested to do so.