ZIMBABWE’S high levels of informalisation remain one of the biggest challenges to the country’s fight against money laundering, it has emerged.

TOBACCO firm, British American Tobacco Zimbabwe (BATZ) has seen its long-standing blocked funds of US$16,35 million virtually wiped out after successive currency conversions

THE Reserve Bank of Zimbabwe (RBZ) acting governor Jesimen Chipika has revealed that the central bank is processing its first Sustainable Standards Certification Initiative (SSCI)

This comes as the authorities push ahead with their highly unpopular plan to scrap the multicurrency system by 2030 and establish the Zimbabwe Gold (ZiG) as the sole legal tender

According to the Zimbabwe Miners Federation, through September, gold deliveries have already hit 33 tonnes.

He said at its peak, the textile industry had employed more than 30 000 people, which had shrunk to about 5 000 currently.