adminUS$90 000 for bankable leases
Lloyd Gumbo Herald Reporter
ALL commercial (A2) farmers who were allocated farms with improved infrastructure will pay the Government up to US$90 000 to get bankable 99-year leases, Parliament heard yesterday.
The payment will give the farm collateral value and enable the farmer to borrow money from banks.
Those who paid for the leases during the Zimdollar era will be spared, save for paying their annual rentals for the land.
The new conditions are in the improved 99-year lease agreement being crafted by the Government in consultation with the Bankers Association of Zimbabwe.
The money will be spread over 25 years and those who do not pay will not get the leases.
Seed Co promotes education
Business Reporter
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Bright Madera Corporate News
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Business Reporter
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Meikles in bid to reduce debt
Golden Sibanda Senior Business Reporter
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Business Reporter
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Martin Kadzere Senior Business Reporter
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