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Construction sector borrowing soars

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THE construction sector’s offshore borrowing increased a hundredfold to US$293,8 million in 2020, from US$2,9 million in 2019, data released by the Reserve Bank of Zimbabwe (RBZ) shows. It comes as the country’s deteriorating economic environment, headlined by high inflation and currency volatility, has kept domestic lending at a minimum. The official data, which was…

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