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;

  1. 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
  2. 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.BIDDERAMOUNT ALLOTTED (US$)
1BLUE RIBBON FOODS1,998,702
2WINDMILL PRIVATE LIMITED1,619,378
3NATIONAL FOODS LIMITED1,500,000
4VARUN BEVERAGES ZIMBABWE1,350,000
5VICTORIA FOODS PVT LTD1,198,274
6TREGER PRODUCTS1,100,000
7CANGROW TRADING1,050,000
8PURE OIL INDUSTRIES (PVT) LTD1,039,488
9UNITED REFINERIES LIMITED909,475
10MAFURO FARMING886,981
11SCHWEPPES ZIMBABWE LIMITED800,563
12AGRIBANK800,000
13MEGAPAK ZIMBABWE  P/L750,000
14UNILEVER ZIMBABWE (PVT) LTD721,114
15CAPRI APPLIANCES PVT LTD700,905
16REINFORCED STEEL CONTRACTORS ZIMBABWE (PVT) LTD700,000
17G. NORTH & SONS PVT LTD650,000
18RETVIC TRADING (PVT) LTD T/A TIGER WHEELS &TYRE649,765
19PARAMOUNT EXPORTS (PVT) LTD600,800
20CAFCA LIMITED600,461
21PROPLASTICS P/L600,000
22DENDAIRY P/L600,000
23ZIMBABWE ONLINE PVT LTD572,955
24TELONE PRIVATE LIMITED569,840
25CHINA NANCHANG ENGINEERING562,944
26NEON SHADES PVT LTD531,780
27UNIVERN ENTERPRISES PVT LTD T/A SOUTHERN REGION TRADING CO500,000
28BARZEM ENTERPRISES P/L493,670
29ZFC LIMITED452,400
30MOUNT MERU MILLERS ZIMBABWE450,950
31FARMEC450,000
32RESTAPEDIC MANUFACTURING PVT LTD430,000
33ZIMBABWE NEWSPAPERS 1980 PVT LTD T/A NATPRINT409,168
34ALPHA PACKAGING (PVT) LTD408,480
35J B CAMPBELL (PVT) LTD401,720
36ALLIANCE MEDIA401,288
37PHARMACEUTICALS & CHEMICAL DISTRIBUTORS401,042
38MOMENTUM IMARA SP REID400,000
39WILLOWTON GROUP ZIMBABWE (PVT) LTD400,000
40ISOQUANT INVESTMENTS T/A ZIMOCO400,000
41BITUMEN WORLD400,000
42ETG INPUTS ZIMBABWE400,000
43JP MORGAN400,000
44ARENEL (PRIVATE) LIMITED400,000
45HONDE HYDRO POWER CONSOLIDATED398,724
46MORGANWOOD PRIVATE LIMITED391,729
47CRASTER INTERNATIONAL PVT LTD380,392
48MEGA MARKET MILLING PVT LTD379,947
49ZIMBABWE GRAIN BAG (PRIVATE) LIMITED379,172
50VARICHEM PHARMACEUTICALS379,095

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