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OK Zimbabwe earmarks 50% of capital raise to clear debts

Retail giant OK Zimbabwe Limited has announced plans to allocate more than half of the proceeds from its planned US$30.5 million capital raise - through a rights issue and property disposals - toward settling overdue debts and restoring op…

Published: 30 Jun 2025 at 13:12hrs | 176 | by Staff reporter

Zimbabwe needs to manage her debts

DEBT plays an important role in the resource mobilisation strategy of any country.However, the processes of its contraction, sources, structure and its implications on the economy and the lives of people need to be carefully considered.If …

Published: 03 Jun 2023 at 08:19hrs | 2 | by Zimcodd

Zamco clears US$14,3m in bad debts

OVER 70% of the total loans taken over by the Zimbabwe Asset Management Company (Zamco) have been fully expunged, with the vehicle now seized with processes to wind up its operations ahead of its sunset period following the settling of its…

Published: 27 Aug 2021 at 06:38hrs | 2 | by Staff reporter

Mugabe's ex-minister produce fake invoices to avoid paying debts

FORMER deputy agriculture minister Paddy Zhanda produced fake invoices at the High Court in a bid to avoid property at his mine being attached over a debt.The undisclosed amount was owed the Zimbabwe National Water Authority (ZINWA).Zhanda…

Published: 12 Feb 2019 at 09:01hrs | 4 | by newzimbabwe

Afreximbank loan: A case of reckless credit granting

It is now public knowledge that our country is largely depending on debts. We have accumulated so much debts mainly because we are not producing anything. Our local and foreign debt stands at 13 billion. We have so many creditors that we a…

Published: 22 Oct 2018 at 06:53hrs | 701 | by Walter Nyabadza

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Search / Debts

OK Zimbabwe earmarks 50% of capital raise to clear debts

Zimbabwe needs to manage her debts

Zamco clears US$14,3m in bad debts

Mugabe's ex-minister produce fake invoices to avoid paying debts

Afreximbank loan: A case of reckless credit granting

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