Thursday, April 13, 2017

In Zimbabwe, Cows May Soon Be Used to Secure Loans

In Zimbabwe, Cows May Soon Be Used to Secure Loans

Banks in Zimbabwe could soon be forced to accept cows, sheep and other livestock as collateral from small businesses applying for cash loans. The country’s finance minister, Patrick Chinamasa, put forward the Movable Property Security Interests Bill for its second reading in parliament on Tuesday, Bloomberg Markets reported. The purpose of the bill is to enable… (more…)

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