Malawi Export Development Bank engages gold buying experts from Zimbabwe

 

 

Nyasa Times- Malawi Export Development Fund (EDF) has engaged gold experts from Zimbabwe as it adopts a new strategy aimed at enhancing the structured gold market.

According to the Head of Gold Operations at Fidelity Printers and Refinery (FPR) in Zimbabwe Mehluleli Dube, Malawi stands to benefit from the synergy and the company is geared up to boost gold exports for the country.

Meanwhile, EDF Board Member who is also Reserve Bank of Malawi (RBM) Director of Media and Public Relations, Ralph Tseka, has disclosed that so far, EDF has purchased 150.1 Kilograms of gold from small-scale miners worth K7.2 billion.

EDF, a subsidiary of RBM started buying gold from small-scale miners in hot spot areas on 1 May 2021.