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Mangudya says ZAMCO was created to remove non-performing loans from bank balance sheets. The asset manager has so far acquired 1,016 loans worth $1.13bn. Of that, $260m has been repaid
Mangudya: Without ZAMCO, many companies would have folded, jobs would have been lost.
#MangudyaPAC
#MangudyaPAC
Biti asks who issued the Treasury Bills which ZAMCO used to acquire bad loans, Mangudya says the bills are issued by central government.
#MangudyaPAC
#MangudyaPAC
