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Zamco winds up operations

THE Zimbabwe Asset Management Company (Zamco) is winding up operations after it paid off, last year, the $1,2 billion it received from the Government to acquire Non-Performing Loans (NPLs).Zamco is an independent asset management company e…

Published: 17 Jun 2022 at 08:14hrs | 1 | by Staff reporter

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 | | by Staff reporter

Zamco debt recovery at 23%

A SPECIAL purpose vehicle set to take up banks' accrued debts, the Zimbabwe Asset Management Company (Zamco), has so far recovered only 23,2% of the $1,13 billion toxic money, the minister of Finance and Economic Development, Mthuli Ncube …

Published: 05 Aug 2019 at 07:37hrs | 1 | by Staff reporter

Understanding the ZAMCO business model

There has been a lot of talk about the Zimbabwe Asset Management Company (Zamco) lately, particularly after the appearance of the Reserve Bank of Zimbabwe governor, John Mangudya, before the Parliamentary Portfolio Committee on Public Acco…

Published: 04 Apr 2019 at 07:02hrs | 2 | by Vince Musewe

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Search / Zamco

Zamco winds up operations

Zamco clears US$14,3m in bad debts

Zamco debt recovery at 23%

Understanding the ZAMCO business model

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