Mugabe signs law forcing government to take over $1.2b RBZ debt

PRESIDENT Robert Mugabe has signed into law the controversial Reserve Bank of Zimbabwe (RBZ) debt assumption bill.

The development means government has taken over the central bank’s $1.2 billion debt which includes some $200 million doled out as agro-support to top officials in the ruling party.

It also means that Zanu PF top honchos who benefited from the farm mechanisation equipment supplied by the RBZ and never paid for it can now relax and smile

Ordinary Zimbabweans will now pay the debt for them.

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