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ZAMCO buys US$80m bad loans

THE Zimbabwe Asset Management Corporation (ZAMCO) has taken over US$80 million worth of bad loans, as the central bank moves to deal with the problem of   growing non-performing loans (NPLs) in the financial sector, the Financial Gazette has established. (more…)

Wheat imports bleed Zim

The baking industry is importing over 85 percent of the country’s wheat requirements annually, contributing to an expanding trade deficit that has drained the country of much-needed liquidity, the Financial Gazette’s Companies & Markets can report. (more…)

Net closes in on land barons

THE corruption dragnet is closing in on land barons, including two high-ranking State bureaucrats, who illegally parcelled out stands to unsuspecting desperate homeseekers, raking in huge sums of money in Caledonia, east of Harare. (more…)