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 making every effort to secure the funds and settle the payments. We have approached all relevant authorities we believe can assist us.”