Zim defaults on US$1.75bn payment
…Tables 20-year bond to ex-farmers
LIVINGSTONE MARUFU Former farmers have rejected a 20-year bond that would have seen the government paying US$70m per year as compensation for assets expropriated during the fast track land reform exercise after Harare defaulted on the US$1.75bn it was supposed to pay last month. Two years ago, Zimbabwe tabled a US$3.5bn offer to the…
