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Zimbabwe Asset Management Company- a mixed tale of salvation and greed

On Monday, Reserve Bank of Zimbabwe governor John Mangudya appeared before Parliament’s Public Accounts Committee, where he testified that his strategy to assume over $1 billion in bad bank loans had saved the economy from collapse. In 2014, the RBZ set up the Zimbabwe Asset Management Company (ZAMCO), to take over bad debts in the
John Mangudya Mthuli Ncube Credit Reference Bureau Parliament Public Accounts Committee Zimbabwe Asset Management Company Reserve Bank

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