June 28 (Bloomberg) -- Zimbabwe’s central bank is reviewing offers made for eight of its companies that were put up for sale, the Daily News said, citing Kumbirai Nhongo, the bank’s spokesman.
Offers worth about $55 million have been made for two companies, the Tuli coal mine in southern Zimbabwe and Cairns Ltd., a canning and agricultural business, the Harare-based Daily News said on its website. Central bank Governor Gideon Gono has said that the lender would sell its shares in Zimbabwe-listed Astra Holdings Ltd. and Tractive Power Ltd., as well as wholly owned units
The bank will use earnings from the sales to settle part of its debt, including $70 million owed to workers fired at the height of Zimbabwe’s economic crisis, said the Daily News.
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