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Vol 55 No 7

Published 4th April 2014


Zimbabwe

Grace under fire

Farm seizures are damaging strong businesses but also threaten the availability of credit for the whole economy

A fresh wave of farm expropriation led by President Robert Mugabe's wife, Grace Marufu Mugabe, has unsettled the few external lenders still supporting Zimbabwe's fragile economy. Some are already sustaining serious losses through their exposure to Interfresh Limited, an agribusiness which has seen a large part of its holdings expropriated. Industry insiders are warning that this could turn into a crisis if seizures continue on the current scale.

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