Zimbabwe blacklists 13 contracted firms for black market cash deals

HARARE – Treasury has blacklisted 13 local companies from a government suppliers’ database for allegedly fuelling the country’s high inflation rate through illegal cash deals on the black market. The embargoed firms, according to a Monday statement by Finance Minister Mthuli Ncube, were recently exposed for wrongdoing by the Reserve Bank of Zimbabwe’s Financial Intelligence Unit (FIU).

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