BUSINESS NEWS

Zimbabwe's mining sector leads in non-performing loans

Zimbabwe's mining sector emerged as the nation's top source of non-performing loans (NPLs) in 2024, with a striking 27.87% of loans classified as bad, according to the Reserve Bank of Zimbabwe (RBZ) a...

By Staff reporter | Published: 24 November 2025
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BUSINESS NEWS

Zimbabwe govt vows to cancel non-performing road contracts

The Government has issued a stern warning to underperforming road contractors, declaring that it will not hesitate to terminate contracts for companies failing to deliver on agreed projects.Transport...

By Staff reporter | Published: 11 September 2025
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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
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BUSINESS NEWS

Chiwenga threatens non-performing parastatals

Vice President General Constantino Chiwenga (Retired) yesterday said it was time non-performing State Enterprises and Parastatals (SEPs) were shut down if efforts to revive them have failed.Presenting...

By Staff reporter | Published: 10 May 2018
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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
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FINANCIAL SERVICES

MFIs non-performing loans decline

MICRO Finance Institutions (MFIs) in Manicaland have registered a reduction in the rate of non-performing loans due to tighter lending methods implemented by the sector following the reduction of inte...

By Staff reporter | Published: 19 October 2017
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POLITICS

Mugabe advocates closure of non-performing parastatals

President Mugabe yesterday said non-performing parastatals and State enterprises must be dissolved as they are stifling economic growth through perennial dependence on the fiscus.He said some ailing p...

By Staff reporter | Published: 08 September 2017
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FINANCIAL SERVICES

Non-performing loans rise

THE average ratio of non-performing loans (NPL) to total advances rose marginally in three months to March as the weak economy militated against borrower's ability to repay.However in spite of this, b...

By Staff reporter | Published: 03 July 2014
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FINANCIAL SERVICES

BAZ to act on non-performing loans

THE Bankers' Association of Zimbabwe (BAZ) said there is need to set up a Special Purpose Vehicle (SPV) to address the issue of increased non-performing loans (NPLs).Addressing the Parliamentary Portf...

By Staff reporter | Published: 12 March 2014
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FINANCIAL SERVICES

RBZ worried about growth in non-performing loans

RBZ acting Governor Dr Dhliwayo said the growth in non-performing loans within insider loans was a worrisome development.As of December 31, 2013, she said the level of total insider loans in the banki...

By Staff reporter | Published: 05 February 2014
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FINANCIAL SERVICES

Levels of non-performing loans surge

Nyanga - THE level of non-performing loans in the banking sector has risen from average of 0,3 percent in March 2009 to an unhealthy average rate of 13,8 percent by March this year, the Zimbabwe Econo...

By Staff Reporter | Published: 18 October 2013
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OPINION

Non-Performing loans on the rise

The banking sector is under pressure due a growing number of non-performing loans. This is a cause of concern in terms of the health of the banking sector. Based on figures released by IMF in 2012, ...

By Staff reporter | Published: 09 October 2013
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ECONOMC INDICATORS

Non-performing loans balloon

Zimbabwe's non-performing loans have grown substantially by more than 10 percentage points to over 15 percent since dollarisation in 2009, indicating stagnation in the economy.Statistics released rece...

By Staff reporter | Published: 07 October 2013
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