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Banks Reject 99-Year Leases

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DESPITE government assurances to beneficiaries of Zimbabwe's controversial fast-track land reform programme, local banks continue to reject 99-year leases as collateral, the Zimbabwe Independent has learnt. Finance minister Patrick Chinamasa last week on Tuesday announced government and bankers had come up with a draft tradable document which will pave the way for farmers to access bank loans using their 99-year leases as collateral. ......

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