Zamco recovers 80 percent of bad debts

TINASHE MAKICHI   The Zimbabwe Asset Management Corporation (Zamco) has recovered  more than 80% of the bad loans estimated to be ZWL$1.3bn it assumed a few years ago from banks, Business Times can report. Zamco, was established in 2014 by the Reserve Bank of Zimbabwe as a special purpose vehicle,  to deal with the problem of growing non-performing loans…