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Gift Mugano

Zisco seeks clarity on debt

The Zimbabwe Iron and Steel Company (Zisco) board has written to Government seeking confirmation of transfer of the US$225 million debt owed to a German bank by the company to ZimCoke, an investment vehicle that acquired some of the…
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Cash barons rescue Zimbabwe firms

By Nyasha Chingono Troubled Zimbabwean firms failing to make payments to foreign suppliers are scurrying to middlemen offering to liquidate the distressed firms’ foreign commitments due to a worsening foreign currency crisis, the…
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