Powtech Technopharm - Your Destination for Processing Technology - 29 - 25.9.2025 Nuremberg, Germany - Learn More
Powtech Technopharm - Your Destination for Processing Technology - 29 - 25.9.2025 Nuremberg, Germany - Learn More
Global Cement
Online condition monitoring experts for proactive and predictive maintenance - DALOG
  • Home
  • News
  • Conferences
  • Magazine
  • Directory
  • Reports
  • Members
  • Live
  • Login
  • Advertise
  • Knowledge Base
  • Alternative Fuels
  • Privacy & Cookie Policy
  • About
  • Trial subscription
  • Contact
News PPC recovers US$11.2m legacy debt payment from Reserve Bank of Zimbabwe

PPC recovers US$11.2m legacy debt payment from Reserve Bank of Zimbabwe

Written by Global Cement staff 21 July 2021
  • Print

Zimbabwe: PPC Zimbabwe has received US$11.2m from the Reserve Bank of Zimbabwe as part of a legacy debts repayment scheme. The debt accrued due toregulations blocking the repatriation of revenue outside the country due to foreign exchange shortages, according to the New Zimbabwe newspaper. The debts were assumed by the central bank between 2016 and early 2019. At the time PPC Zimbabwe was left with a legacy debt of US$21m to its parent company PPC in South Africa. PPC expects the remainder of the debt to be repaid by the end of 2022.

Published in Global Cement News
Tagged under
  • Zimbabwe
  • PPC Zimbabwe
  • PPC
  • Debts
  • Government
  • Reserve Bank of Zimbabwe
  • GCW515
Flender

Related items

  • Huaxin Cement prepares for future expansion
  • Pedro Reis appointed as vice chair of Cimpor
  • Chegutu cement plant challenged by locals amid environmental concerns
  • Environmental Management Agency halts WIH-Zim Cement Magunje plant project
  • Cement in Russia, August 2025
back to top
We Move Industries - Heko Group - Conveyor Solutions
“Loesche
Something Powerful is Taking Shape - Stay Tuned - #productlaunch at IFAT India - Fornnax
AirScrape - the new sealing standard for transfer points in conveying systems - ScrapeTec
UNITECR Cancun 2025 - JW Marriott Cancun - October 27 - 30, 2025, Cancun Mexico - Register Now
Acquisition carbon capture Cemex China CO2 concrete coronavirus data decarbonisation Emissions Export Germany Government grinding plant Holcim Import India Investment LafargeHolcim market Pakistan Plant Product Production Results Sales Sustainability UK Upgrade US
« September 2025 »
Mon Tue Wed Thu Fri Sat Sun
1 2 3 4 5 6 7
8 9 10 11 12 13 14
15 16 17 18 19 20 21
22 23 24 25 26 27 28
29 30          



Sign up for FREE to Global Cement Weekly
Global Cement LinkedIn
Global Cement Facebook
Global Cement X
  • Home
  • News
  • Conferences
  • Magazine
  • Directory
  • Reports
  • Members
  • Live
  • Login
  • Advertise
  • Knowledge Base
  • Alternative Fuels
  • Privacy & Cookie Policy
  • About
  • Trial subscription
  • Contact
  • CemFuels Asia
  • Global CemBoards
  • Global CemCCUS
  • Global CementAI
  • Global CemFuels
  • Global Concrete
  • Global FutureCem
  • Global Gypsum
  • Global GypSupply
  • Global Insulation
  • Global Slag
  • Latest issue
  • Articles
  • Editorial programme
  • Contributors
  • Back issues
  • Subscribe
  • Photography
  • Register for free copies
  • The Last Word
  • Global Gypsum
  • Global Slag
  • Global CemFuels
  • Global Concrete
  • Global Insulation
  • Pro Global Media
  • PRoIDS Online
  • LinkedIn
  • Facebook
  • X

© 2025 Pro Global Media Ltd. All rights reserved.