Zimbabwe: Maize Dealer Sues Govt, RBZ Over Cancelled U.S.$19 Million Deal

A company has taken government and the central bank to court seeking an order to declare null and void, a recent decision by authorities to cancel a US$19 million maize procurement deal they had secured with the firm.

Blue Chip, trading as Tbacha (Pvt) Ltd (Tbacha), has filed an urgent chamber application citing the finance ministry, Reserve Bank of Zimbabwe and the Grain Marketing Board (GMB) as respondents.

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