THE Reserve Bank of Zimbabwe said yesterday it is mobilising long-term affordable financing for miners in the gold and diamond sectors as it seeks to increase contribution of the minerals to export earnings.
RBZ governor John Mangudya said the two minerals were key to the recovery of the struggling mining sector and of the overall economy.
The RBZ is also pushing new law reforms to decriminalise gold possession.
Zimbabwe has slowly pushed up gold production in the last few years, surging to 13.9 tonnes in 2014 and $18.6 tonnes last year and earning the country nearly $700 million.
The target for this year is 24 tonnes.
- Chronicle
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