Parents in Zimbabwe can now pay the school fees of their children using livestock. That is the announcement from the country’s government.
Zimbabwe’s Minister Lazarus Dokora has said that managers of schools must be willing to accept the new mode of payment.
The Finance minister of Zimbabwe, Patrick Chinamasa has already told the country’s parliament this month that banks are to be asked to accept livestock as collateral for loans from small scale businesses.
The latest transaction to benefit from livestock is the payment of fees which has received mixed reactions.
In an interview with the state-owned newspaper Sunday Mail, the education ministry’s permanent secretary Sylvia Utete-Masango said “Parents of the concerned pupils can pay their fees using livestock,”
The Southern African country led by 93 year old President, Robert Mugabe is struggling with an economic crisis which has made it difficult for citizens to have access to cash.
Many banks have had customers queuing to withdraw their cash and these new alternatives for payments are considered the best solution by the Zimbabwean government.
There have been many reactions to this news of paying schools fees with livestock on social media.
Cows and goats to secure bank loans.
Cows and goats to pay school fees.Soon we shall need a Reserve Kraal of Zimbabwe.
— Fadzayi Mahere (@advocatemahere) April 16, 2017
What we understand by this new goat currency:
Left: Reserve Bank of Zimbabwe
Right: Reserve bank of Zambia pic.twitter.com/6B0gtQMHH7— ThisFlag KE ?? (@ThisFlag_Kenya) April 16, 2017
So when the government says you can pay school fees with goat’s in Zimbabwe, will they build a large kraal 4 all the goats ???? @702Aubrey
— Gracealone (@funatjie) April 16, 2017
Source: Africafeeds.com
