Newsexpress place banner advert Yudala genuine products
Goats now accepted as school fees in Zimbabwe

By News Express on 21/04/2017

Share on facebook Yahoo mail icon Gmail icon

Views: 647

•Zimbabwean President Robert Mugabe.
•Zimbabwean President Robert Mugabe.

Zimbabwean farmers who cannot afford to pay their children’s school fees will be able to offer goats as collateral for loans instead of paying directly in cash if a draft law is passed by parliament.

A former deputy finance minister David Chapfika, told dpa on Thursday: “We are saying, you can go to the bank while waiting for your crop to mature and get fees while using your domestic animals as collateral.

“When the crop matures, you sell it and pay up the loan,” Chapfika, who belongs to the ruling party Zimbabwe African National Union – Patriotic Front (ZANU–PF).

The possibility of paying in goats or cattle is part of draft legislation on using movable property as collateral for loans that is being considered by parliament.

The bill would not, however, compel any bank or other lender to accept these assets, constitutional law professor Fadzayi Mahere said.

Primary and Secondary Education Minister Lazarus Dokora earlier told the newspaper Sunday Mail that parents could also work for schools instead of paying tuition fees.

“Our schools have to be flexible and ensure those who do not have money to pay fees can work.

“For example, if there is a builder in the community, he/she must be given that opportunity to work as a form of payment of tuition fees,” the minister was quoted as saying.

The government in 2016 launched so-called bond notes, supposed to have equivalent US dollar values.

They have not won widespread acceptance among the population. (NAN)

Source News Express

Posted 20/04/2017 6:40:21 PM

 

Share on facebook Yahoo mail icon Gmail icon


 

CLASSIFIED ADS

Loss Off Your Belly Fats, Upper Arm Fat and Body Fats In 2weeks Time.. Click HERE To Start Now!

Let us build the most comprehensive online database of worthy and credible Nigerians from all walks of life. It is worth doing!

 

You may also like...
Pound falls ahead of Theresa May Brexit speech...

SOKAPU speaks on destruction of Army Base foundation,...

MTN reaffirms commitment to Osun-Osogbo Festival

Amosun tasks tertiary institutions on nation building

No SURE-P funds withheld by us —Finance Ministry...

Adamawa gov poll: Atiku denies romance with Ribadu...

Activists give FG 14 days ultimatum to sack...

60 die as rival drug gangs battle in...

Osun coalition preaches peace, unity among Nigerians

Workers issue 21-day ultimatum to Chevron

Nigerians refuse to leave South Sudan despite deadly...

Trailer crushes woman near Guardian head office (Lagos)...

 

Latest News South-South Governors move against amendment of NLNG Act Learner drives SUV into church, crushes 3 children to death Nnamdi Kanu cancels Anambra governorship election •Also says no election in Igbo land in 2019 CEOs change strategy as new challenges surface in the business environment How curse placed on kidnappers by Nnewi Monarch led to arrest of billionaire kidnapper Evans Police nabs 11 armed robbery suspects in Anambra, recovers guns Bayelsa floats vigilante group, to recruit 8,000 youths Nigerian ICT users deserve value for their hard-earned money: NCC Niger Delta elders want 50 percent derivation DMO set to issue N100bn Islamic Bond Customs raises the alarm over ‘deadly expired rice’ in circulation NLC asks Cross River Governor to account for N31b bailout fund

 

Most Read Nigerian female sex addict opens up, says ‘I like it with both men and women’ (257,303 views) NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (236,041 views) Shameless Genevieve Nnaji exposes breasts in public (193,862 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (169,079 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (164,055 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (145,232 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (126,020 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (120,889 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (111,001 views) Gunmen kill ASP, 2 other police officers in vain bid to kidnap Rivers PDP chieftain (104,900 views) Lagos plane crash: Journalist releases victims’ names (104,682 views) APC cries foul as PDP’s Fayose takes early lead in Ekiti governorship election (97,630 views)

 

Categories Advertorials (3) African Press Organisation (81) Art & Literature (27) Business (2,598) Business Verdict (17) Columnists (700) Complaints & Requests (91) Enterprise & Opportunities (157) Entertainment (333) Features (460) Global Business Monitor (154) International (1,423) Interviews (124) Live Commentary (28) Love Matters (59) News (25,681) Opinion (736) Pidgin (8) Politics (3,738) Religion (558) Sports (1,281) Stock Watch (18) AMA & Al Jazeera Global Update

 

CBN words on marble advert

 

 

Thousands of Biafrans gather at Nnamdi Kanu’s father’s palace for address...

 

APO Newsbreak logo

 

CLASSIFIED ADS

Let us build the most comprehensive online database of worthy and credible Nigerians from all walks of life. It is worth doing!

Loss Off Your Belly Fats, Upper Arm Fat and Body Fats In 2weeks Time.. Click HERE To Start Now!

GOCOP Accredited Member

GOCOP Accredited member

 

 

Africa Media Agency and Al Jazeera

Advertisement



 

 

CLASSIFIED ADS

Loss Off Your Belly Fats, Upper Arm Fat and Body Fats In 2weeks Time.. Click HERE To Start Now!

Let us build the most comprehensive online database of worthy and credible Nigerians from all walks of life. It is worth doing!