BUSINESS NEWS

Zamco gives grace period for bad loans

The Zimbabwe Asset Management Company (Zamco) will allow an eight-year moratorium on all restructured non-performing loans (NPLs) before the central bank's bad loans cleansing special purpose vehicle ...

By Staff reporter | Published: 17 September 2018

FINANCIAL SERVICES

Zamco acquires $1,1billion NPLs

The Zimbabwe Asset Management Company (Zamco), a special purpose vehicle created by the Reserve Bank of Zimbabwe (RBZ) to rid the banking sector of non-performing loans (NPLs), has so far acquired $1,...

By Staff reporter | Published: 27 July 2018

BUSINESS NEWS

ZAMCO to dispose debt assumption-linked equity

THE Zimbabwe Asset Management Company (ZAMCO) - a Reserve Bank of Zimbabwe debt assumption vehicle - has said it will not hold equity for long periods in companies it assumed shareholding through deb...

By Staff reporter | Published: 05 July 2018

BUSINESS NEWS

Zamco absorbs $32m Starafrica debt

THE Zimbabwe Asset Management Company (Zamco) has taken over Starafricacorporation Limited's $32 million debt owed to different companies.In 2016, at an extraordinary general meeting, Starafricacorpo...

By Staff reporter | Published: 05 July 2018

FINANCIAL SERVICES

Zamco mops up $1 billion Non-Performing Loans

THE Zimbabwe Asset Management Company has since its establishment absorbed $1 billion Non-Performing Loans (NPLs) at banks for various companies to help the businesses turnaround.In 2014, the Reserve ...

By Staff reporter | Published: 22 June 2018

INDUSTRIALS & ENERGY

Zamco pledges Merlin bailout

THE Zimbabwe Asset Management Corporation (Zamco) is in talks with Merlin Limited shareholders over a possible bailout that will assist the company to acquire new equipment to operationalise its new b...

By Staff reporter | Published: 20 June 2018

BUSINESS NEWS

Scramble for Zamco-rescued firms

There is a flurry of investors angling for shareholding in companies whose debts were taken over by the Zimbabwe Asset Management Company (Zamco), a special purpose vehicle created by the Reserve Bank...

By Staff reporter | Published: 14 May 2018

BUSINESS NEWS

Zamco takes over Starafrica

THE Zimbabwe Asset Management Company (Zamco) has snapped 58,34 percent of troubled sugar processor, Starafrica Corporation.In a joint statement yesterday, the two companies said the take over of a ma...

By Staff reporter | Published: 11 May 2018

BUSINESS NEWS

Zamco rakes in $159m on non-performing loans

Zimbabwe Asset Management Corporation says it has surpassed its target for its first year on Non-Performing Loans resolution with a total $159 million worth of NPL having been fully re-paid as at Marc...

By Staff reporter | Published: 20 April 2018

BUSINESS NEWS

ZAMCO seeks to sell distressed loans

THE Zimbabwe Asset Management Company (ZAMCO) has started to engage various investors interested in purchasing its distressed loan portfolio, chief executive Cosmas Kanhai has said.ZAMCO, created in 2...

By Staff reporter | Published: 24 August 2017

FINANCIAL SERVICES

Zamco finalises NPLs assessment

Zimbabwe Asset Management Company (Zamco) - a government's special purpose vehicle to house non-performing loans (NPLs) - is finalising modalities to clean up local banks' balance sheets, a central ba...

By Staff reporter | Published: 22 June 2015
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