Tobacco, gold producers and diaspora fund earners have since January emerged as the biggest beneficiaries of the Reserve Bank of Zimbabwe’s export incentives after earning more than $400 million.
The export incentives which were unveiled few years ago continue to yield desired results on the back of an increase in exports, according to the RBZ monetary policy statement presented by the central bank’s governor Dr John Mangudya on Monday.
Exports have therefore reached $2.5 billion indicating a 36 percent growth from $1.8 billion in the same period last year.
According to the RBZ, the import bill, however, remains at a worrying trend as it has so far reached $3.5 billion from $2.6 billion the same period last year.
The monetary policy statement reveals that tobacco growers have raked in $93.5 million from the export incentives since January this year.
The diaspora incentives have also accounted for a huge chunk of the incentives at $21.8 million.
While the surge or increase in gold mining has seen the yellow metal emerging as the biggest earner of the incentives amounting to $243.7 million.
Other sectors such as agriculture, tourism, construction, transport, retail and construction have among many others also benefited from a total of $12.5 billion in export incentives from the RBZ.