News / Regional
ZESA faces collapse
14 Oct 2016 at 10:36hrs | Views
State power utility Zesa Holdings owes eight Zimbabwean banks a combined US$180 million, which has left the country's financial services widely exposed to the struggling company whose ability to service debts and continue as a going concern is under threat.
Seven local banks and the Reserve Bank of Zimbabwe (RBZ) and the World Bank were as of December 2015 collectively owed about $180million by Zesa.
Source - Zim Ind