The RBZ has published the latest list for this year’s first quarter of 2022. The top beneficiary of the auction was Blue Ribbon which managed to get US$1 998 702 which is about 2% of all the monies allotted. With a total of 2.4 billion USD allotted through the auction. Here is the thing though, Allotment and actually getting the money have proven to be two totally different things. The biggest complaint against the auction is that some have won bids and gone months without ever receiving the payment. They end up incurring expensive interest rates that make the black market cheaper. Anyway here are some stats from the auction:

“1. A list of the 749 beneficiaries of US$107 801 206 allotted under the Main Foreign Exchange Auction during the month of April 2022;

A list of the 2 142 beneficiaries of US$17 850 257 allotted under the SMEs Foreign Exchange Auction during the month of April 2022; and
A schedule showing the total foreign exchange payments for the period January 2022 to April 2022, by source, amounting to US$2 440 874 016 broken down as follows: –
(i) foreign currency accounts (US$1 854 284 195),
(ii) Foreign Exchange Auction Allotments (US$528 126 996); and
(iii) the interbank market (US$58 462 825).”

“The bulk of the auction allotments during the month of April 2022 (68%) was for payment for raw materials (US$55 369 119) and machinery and equipment (US$30 688 074), with the remaining 32% of the total allotments going towards payment for retail and distribution (US$10 713 036), consumables (US$10 366 460), services (US$9 133 409), pharmaceuticals and chemicals (US$5 574 526), packaging (US$3 617 236) and fuel, electricity and gas (US$189 604), as shown in the tables below.
Total cumulative foreign exchange auction allotments since inception of the Foreign Exchange Auction System stand at US$3 124 507 809.”

The top 50 beneficiaries were as follows:

NO.	BIDDER	AMOUNT ALLOTTED (US$)
1	BLUE RIBBON FOODS	1,998,702
2	WINDMILL PRIVATE LIMITED	1,619,378
3	NATIONAL FOODS LIMITED	1,500,000
4	VARUN BEVERAGES ZIMBABWE	1,350,000
5	VICTORIA FOODS PVT LTD	1,198,274
6	TREGER PRODUCTS	1,100,000
7	CANGROW TRADING	1,050,000
8	PURE OIL INDUSTRIES (PVT) LTD	1,039,488
9	UNITED REFINERIES LIMITED	909,475
10	MAFURO FARMING	886,981
11	SCHWEPPES ZIMBABWE LIMITED	800,563
12	AGRIBANK	800,000
13	MEGAPAK ZIMBABWE P/L	750,000
14	UNILEVER ZIMBABWE (PVT) LTD	721,114
15	CAPRI APPLIANCES PVT LTD	700,905
16	REINFORCED STEEL CONTRACTORS ZIMBABWE (PVT) LTD	700,000
17	G. NORTH & SONS PVT LTD	650,000
18	RETVIC TRADING (PVT) LTD T/A TIGER WHEELS &TYRE	649,765
19	PARAMOUNT EXPORTS (PVT) LTD	600,800
20	CAFCA LIMITED	600,461
21	PROPLASTICS P/L	600,000
22	DENDAIRY P/L	600,000
23	ZIMBABWE ONLINE PVT LTD	572,955
24	TELONE PRIVATE LIMITED	569,840
25	CHINA NANCHANG ENGINEERING	562,944
26	NEON SHADES PVT LTD	531,780
27	UNIVERN ENTERPRISES PVT LTD T/A SOUTHERN REGION TRADING CO	500,000
28	BARZEM ENTERPRISES P/L	493,670
29	ZFC LIMITED	452,400
30	MOUNT MERU MILLERS ZIMBABWE	450,950
31	FARMEC	450,000
32	RESTAPEDIC MANUFACTURING PVT LTD	430,000
33	ZIMBABWE NEWSPAPERS 1980 PVT LTD T/A NATPRINT	409,168
34	ALPHA PACKAGING (PVT) LTD	408,480
35	J B CAMPBELL (PVT) LTD	401,720
36	ALLIANCE MEDIA	401,288
37	PHARMACEUTICALS & CHEMICAL DISTRIBUTORS	401,042
38	MOMENTUM IMARA SP REID	400,000
39	WILLOWTON GROUP ZIMBABWE (PVT) LTD	400,000
40	ISOQUANT INVESTMENTS T/A ZIMOCO	400,000
41	BITUMEN WORLD	400,000
42	ETG INPUTS ZIMBABWE	400,000
43	JP MORGAN	400,000
44	ARENEL (PRIVATE) LIMITED	400,000
45	HONDE HYDRO POWER CONSOLIDATED	398,724
46	MORGANWOOD PRIVATE LIMITED	391,729
47	CRASTER INTERNATIONAL PVT LTD	380,392
48	MEGA MARKET MILLING PVT LTD	379,947
49	ZIMBABWE GRAIN BAG (PRIVATE) LIMITED	379,172
50	VARICHEM PHARMACEUTICALS	379,095