May 14, 2026
Cottco Placed Under Voluntary Business Rescue as Mangudya Admits ‘Financial Haemorrhage’
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Cottco Placed Under Voluntary Business Rescue as Mangudya Admits ‘Financial Haemorrhage’

May 6, 2026 0

Harare – Cotton Company of Zimbabwe (Cottco) has been placed under a voluntary business rescue plan after years of financial distress, weak balance sheets, and an inability to pay salaries, creditors, and other obligations, lawmakers heard. Cottco board chairperson, Sifelani Jabangwe told the parliamentary portfolio committee on Agriculture, Mechanisation and…

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