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Zimbabwe: Broke Government Fails To Remit USD85 Million To Microfinance Companies – Africa Links 24

Rédaction Africa Links 24 with Zimeye
Published on 2025-12-18 13:00:00

Broke Government Fails To Remit USD85 Million To Microfinance Companies

Tinashe Sambiri– The government has failed to remit US$85 million, deducted from civil servants’ salaries over the past five months, to service loans borrowed from microfinance companies.

According to Masvingo Mirror, the situation has reached a critical stage, paralyzing microfinance institutions, banks, and deposit-taking microfinance companies across the country. Civil servants,…

Read the full article on The Zimbabwe Eye

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