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NMBZ dumps $12,7m bad loans

HARARE – Dual-listed financial services group, NMB Zimbabwe (NMBZ), has sold off just over $12,7 million of bad loans, almost completing the disposal of its toxic portfolio. The group’s chief executive, Benefit Washaya, last week said his organisation was cleaning its balance sheet to make it attractive to international financiers. This comes as the Zimbabwe…

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