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Govt loses millions to loan defaulters

THE government of Zimbabwe lost millions of dollars to Micro, Small and Medium Enterprises (MSMEs) loan defaulters and fraudsters employed by Small and Medium Enterprises Development Corporation (SMEDCO), the Auditor-General Mildred Chiri has revealed. In an audit report for 2012 to 2018, Chiri said SMEDCO lost more than $2 million to loan defaulters. “My audit…

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