A new gospel giant is born

A new gospel giant is born

By Michael Gwarisa GOSPEL music fans are in for a treat courtesy of one vibrant and young gospel sensation Willard Muzaeni whose latest album Nhaka Yekukunda has taken the market by storm. Having started his musical carrier at a very young age, Muzaeni has grown into a force to reckon with in the music industry as evidenced by the maturity he has exhibited throughout his musical journey. In an exclusive interview with The Business Connect entertainment, Muzaeni said his latest offering Nhaka Yekukunda has opened up new opportunities and doors he never…

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Old Mutual prepares for the worst

Old Mutual prepares for the worst

By Daniel Chigundu DIVERSIFIED insurance concern Old Mutual says it has come up with a cocktail of measures and strategies that seek to respond to anticipated negative changes in the economy. Zimbabwe’s is facing a lot of challenges economically fronted by a biting cash crisis, lack of foreign direct investments, policy inconsistencies, operational challenges and high cost of production among others. These challenges have seen companies closing shop in droves, while others are scaling down on operations and economists have painted a gloomy picture ahead. Addressing analysts, group chief executive…

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50 Zim women still detained as sex slaves In Kuwait… Zim investigators denied Visas

50 Zim women still detained as sex slaves In Kuwait… Zim investigators denied Visas

By Daniel Chigundu PARLIAMENTARY Portfolio Committee on Foreign Affairs Chairperson Kindness Paradza says Zimbabwean officials who had been assigned to go and investigate the issue of local women and girls who were trafficked to Kuwait were denied visas. More than 200 women were trafficked to Kuwait on the pretext that they would get jobs in that country’s various sectors but ended up being used as sex slaves. The well-choreographed trafficking syndicate is said to have involved Zimbabwean nationals some of whom have since appeared before the courts of law to…

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Old Mutual maintains US$76M profit

Old Mutual maintains US$76M profit

By Ndafadza Madanha INTERGRATED financial concern Old Mutual Zimbabwe (OMZIL) posted a US$76m adjusted operating profit for 2016 which was at par with the prior year despite the deteriorating economic environment. The performance was largely buoyed by its banking arm CABS which recorded a 38 percent growth in profit to US39.2m from US$28.4m in 2015. OMZIL group and rest of Africa CEO Jonas Mushosho told an analyst briefing that the bank performance was underpinned by a stable net interest margins and reduction in credit loss and impairments. Credit loss and…

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