The Cotton Company of Zimbabwe (Cottco) has completed repayment of a $54 million loan granted by ZAMCO in 2014, marking a milestone in the revival of the company, backed by government support granted ...
The Zimbabwe Asset Management Company (ZAMCO) is now looking at disposing its 57.4% stake in Star Africa.The sugar manufacturer, is among some of the companies that were on the verge of collapse becau...
GOVERNMENT will stop further acquisitions on non-performing loans through its special purpose vehicle - the Zimbabwe Asset Management Company (ZAMCO). The entity, which was established in 2015 with a ...
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 ...
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,...
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...
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...
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 ...
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...
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...
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...
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...
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...
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...