Cottco

CHIREDZI – Chiredzi Depot Business Unit manager, Innocent Gukwe (35), bought two trucks and registered them in the name of Regis Chivaura. Gukwe using his position would give the trucks frequent contracts and facilitate prompt payments and…
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The Cotton Company of Zimbabwe (Cottco) has embarked on a drive to encourage farmers to increase their crop size in a blitz dubbed ‘donje mumunda’, an official has said.
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Cotton Company of Zimbabwe (Cottco) employees say they have gone five months without receiving a cent in salaries from the troubled parastatal.
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The Zimbabwe Anti-Corruption Commission (ZACC) plans to seize the properties of former Cotton Company of Zimbabwe (Cottco) executives Pious Manamike and Maxmore Njanji, who are accused of defrauding the parastatal of more than US$5 million.…
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Eddie Cross: "When State managed institutions work well they are often not recognised or rewarded and are taken for granted. When they fail, everyone suffers the consequences. At Independence in 1980, 40 per cent of the GDP of Zimbabwe was…
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By Eddie Cross In my business life I have handled several billion dollars of revenue and expenditure over a period of 65 years. In that time, I have been blatantly approached and asked for a bribe once - by a local politician who was the…
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President Emmerson Mnangagwa's ally Gutai Lisa-Marie Maropafadzo has been implicated in the money laundering of US$5, 8 million funds belonging to a government company, Cotton Company of Zimbabwe (Cottco).
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President Emmerson Mnangagwa has slagged the Cotton Company of Zimbabwe (Cottco) for allowing exploitative companies to buy cotton from communal farmers at extortionately low prices and raking in foreign exchange earnings yet failing to pay…
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Eddie Cross: "In addition to corruption at a high level, many features of the operation of Cottco in the domestic market such as supplies of consumables, transport, and employment opportunities, were also subject to corrupt and irregular…
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The Reserve Bank of Zimbabwe (RBZ) will today disburse $66 million owed to cotton farmers with bank accounts for the crop delivered to Cottco last season, followed by $436,6 million to be paid via mobile banking, but has a headache over…
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