NMB to sell $6 mln bad loans to Zamco

HARARE, May 26 (The Source) – NMB Bank says it plans to sell off $6 million worth of non-performing loans (NPLs) to the Zimbabwe Asset Management Corporation (Zamco), a special purpose vehicle set up by government to clean up the balance sheets of financial institutions.… Read More

Cash crisis: the government’s hidden hand

By Alfonce Mbizwo, HARARE, May 16 (The Source) – Zimbabwe’s cash crisis has led to questions about the government’s management of the country’s financial systems, with indications that its increasing borrowings on the domestic market have created a financial black hole for the banking sector… Read More