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Cottco

RBZ’s $389m headache

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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Govt confirms CAPS debt assumption

Finance minister Patrick Chinamasa says government has assumed pharmaceutical manufacturer, CAPS Holdings (CAPS)’s, legacy debt. Despite growing calls for government to stop warehousing State enterprises’ debt, Chinamasa said…
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Zim mulls cotton incentives

By Ndakaziva Majaka Zimbabwe is set to pay out a five percent export incentive to cotton producers this year, following government’s injection of $42 million fresh capital into the sector, a Cabinet minister said. Finance…
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