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Govt assumes Cottco $41m debt

HARARE – Cottco Holdings Limited (Cottco) says government has started the process of taking over its legacy debt of over $41 million through the central bank’s non-performing loans Special Purpose Vehicle. The latest development is aimed at reducing interest burden on the sub-Saharan Africa’s largest ginner and marketer, thereby enhancing cash-flows and profitability. [GoogleAd] This…

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