Companies shun RBZ’s US$300m  finance facility

LIVINGSTONE MARUFU The Reserve Bank of Zimbabwe (RBZ) is struggling to attract companies to its US$300m Targeted Finance Facility (TFF), largely due to what many firms describe as punitive interest rates. The TFF was designed to provide affordable working capital to Zimbabwe’s productive sectors, yet the facility remains underutilised. RBZ Deputy Governor, Dr Innocent Matshe,…