Cottco in talks to pay off legacy debt

Cottco is a subsidiary of the Mutapa Investment Fund

THE Cotton Company of Zimbabwe (Cottco) has engaged relevant authorities over the payment of US$5,6 million in legacy debts owed to farmers.Cottco’s chief executive, Rockie Mutenha, confirmed that the outstanding debts date back to the 2022-2023 period.“… we acknowledge that we owe farmers US$5,6 million, half of which must be paid in ZiG. We are…

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