Government to up its Cottco stake

GOVERNMENT intends to increase its shareholding in Cottco as part of plans to turn around the struggling firm, Reserve Bank of Zimbabwe (RBZ) governor, John Mangudya, has said. The government currently holds a 37 percent stake in the company after a debt-to-equity swap of US$56 million in 2015. Mangudya told Parliament’s committee on Lands and…

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