Cottco pays US$19,3m to farmers.

STATE-RUN Cotton Company of Zimbabwe (Cottco) has paid US$19,3 million to farmers to date, out of US$23,6 million it owes, NewsDay Business has learnt. In terms of the local currency debt payment, the company has only managed to settle ZWL$5,4 billion out of ZWL$28,8 billion, according to the organisation’s latest update. The Zimdollar payments will be made at the prevailing bank rate.

January 12, 2024
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