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Govt takes over AirZim debt

HARARE – Government has assumed Air Zimbabwe (AirZim)’s debt under the controversial Reconstruction of State-Indebted Insolvent Companies Act. The Act allows the State to take over assets of businesses deemed to be insolvent and incapable of servicing loans and charges owed to State institutions and agencies. The reconstruction order in relation to AirZim (Private) Limited…

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