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Agribank profits up 76 percent

© State-owned Agricultural Development Bank (Agribank) reported a 76 percent increase in profit to $7,2 million during the half year ended June 30, 2019 from $4,1 million recorded in prior year driven by growth in non-interest income from expanded ICT products.  Non-interest income increased by 121 percent to $15,744 million during the half year period…

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Zesn concerned over Zanu PF vote buying

ZIMBABWE Election Support Network (Zesn) notes with concern the timing of the drilling of 15 boreholes by the District Development Fund (DDF) in Glen View South which Zanu PF seems to have taken advantage of in its campaigns ahead of a by-election scheduled to be held on 7 September 2019 in the Constituency. [GoogleAd] Zesn…

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SA-based reggae singer releases video

© SOUTH Africa-based reggae artiste Proud Marata better known as GameBoi Mr Khaki Entertainer will next month release new video for his latest song Ndaidzungaira. “Considering that all my previous singles were well received I will therefore release yet another video I trust to be a hit next month,” said the Usazozochema singer who has…

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Zimra official in soup for wealth beyond income

© A ZIMBABWE Revenue Authority (Zimra) official risks losing his wealth after a lifestyle audit revealed that he has amassed wealth beyond his known sources of income.  Kennedy Nyatoti failed to explain how he managed to buy  a Honda CRV for US$6 000 registered under his wife Tatenda Chisadza’s name, Nissan Skyline valued at US$4…

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National Braai fest preps on course

© PREPARATIONS for this year’s edition of Castle Lager National Braai Festival are on course. Unlike the previous editions, this year’s event will be celebrated over two days from October 25 through to 26 at Old Hararians Sports Club. “Castle Lager will be bringing friends together again this year at the Castle Lager National Braai…

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Mutodi is a liar — Hanke

© Steve Hanke, an economics professor at John Hopkins University in the United States, has come out guns blazing, shooting from the hip at Deputy Information minister Energy Mutodi, whom he called “ignorant and a liar”. Hanke’s unrestrained attack came after Mutodi had reacted angrily to Hanke’s  recent tweets stating he would be posting the…

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Mbeu readies new album

© MBEU, one of the late Oliver Mtukudzi’s prote´ge´es, is launching a third studio album at Theatre in the Park in Harare on Friday. The new album Mhodzi Diaries 1 is a sequel to Hatikendenge which was launched last year at Pakare Paye in Norton. “We have decided to title our future projects, starting with…

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Harare workers get pay hike

© HARARE City Council employees have been awarded a six percent cost of living adjustment and $125 hardship allowance to cushion them against the economic hardships. [GoogleAd] At a press conference yesterday, human resources committee chairperson Jacob Mafume said the allowances were historic awards for 2017 and 2018. The hardship allowance translates to a 56…

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Zim imports remain subdued

© ZIMBABWE’S imports have declined by about 30 percent to $2,8 billion in the seven months to July 2019 compared to $4 billion recorded in the same period last year, latest data shows. As a result of the decline, the country’s trade deficit during the period has shrunk to $679 million from $1,8 billion in…

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Harare council to probe graft at its farms

© THE Harare City Council (HCC) has sent out auditors and investigators to look into activities at their farms following reports of corruption and mismanagement. [Adz] Mayor Herbert Gomba said the farms had been neglected for a long time, leading to their gradual deterioration. The investigations come after Auditor-General Mildred Chiri raised a red flag…

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