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Fidelity profits slump

HARARE – Fidelity Life Assurance Limited (Fidelity)’s profit  dropped 21 percent to $2,6 million in the half-year to June 2013 due to low uptake of insurance products. The Zimbabwe Stock Exchange-listed insurance group posted a $3,3 million profit in prior comparable period. Solomon Tembo, the group’s board chairperson said the reduction in profit was also…

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