Cbz Reg Form 2019

Total Page：16

File Type：pdf, Size：1020Kb

REGISTRATION FORM This form must be signed by the School Head, scanned and sent to [email protected] or WhatsApp +263 712 465 185 or hand-delivered to an official from the Institute of African Knowledge. Name of school:............................................................................................................ School address:............................................................................................................. Contact person and phone number:.............................................................................. Our school agrees to participate in CBZ Schools Debate Championship in accordance with the terms and conditions below: SCHOOL STAMP Terms and Conditions: 1. The top school from the provincial competitions will proceed to the national finals. 2. Provincial competitions will take place in June 2019 on dates to be advised. 3. Dates for national finals will be advised in due course. 4. Competition rules are defined in the CBZ Debate Manual. 5. The provincial competitions shall be held at specific schools to be advised. 6. Prizes for both provincial and national finalists double if winning schools bank with CBZ. Prizes for primary schools amount to RTGS 50 000 and RTGS 60 000 for secondary schools. See CBZ Debate Manual for terms and conditions. 7. Registration and participation is free of charge. 8. Registration can be done over the telephone, through e-mail, via WhatsApp or personally through an Institute of African Knowledge official. 9. Schools must make their own arrangements for transport to all events, food, beverages and accommodation for provincial competitions. The organizers will not provide these except stationery. However, at the national finals stationery, teas, lunch and refreshments will be provided. 10. CBZ Holdings and the Institute of African Knowledge accept no responsibility for the medical insurance of participants or for costs arising from accidents and illness occuring during a competition. 75 Suffolk Road, Avondale West, Harare | +263 242 339 565, +263 712 465 185 [email protected] .

Copy Link

Recommended publications

Table of Contents
TABLE OF CONTENTS GROUP OVERVIEW Group Salient features 2 How we create value 3 GROUP COMMUNICATION Statements Group Chairman’s Statement 12 Group Chief Executive Officer’s Report 16 CORPORATE PROFILE Business Overview 22 Group Structure 23 Our Success 24 Stakeholder Overview 26 SHAREHOLDER INFORMATION Analysis of Shareholders 30 Share Option Scheme 31 Shareholders’ calendar 32 SUBSIDIARIES COMMUNICATION STATEMENTS Managing Director’s Report - CBZ Bank Limited 34 Managing Director’s Report - CBZ Asset Management (Private) Limited (t/a Datvest) 37 Managing Director’s Report - CBZ Insurance Operations 40 CBZ Insurance (Private) Limited Actuary’s Report 44 CBZ Life (Private) Limited Actuary’s Report 45 CORPORATE SOCIAL RESPONSIBILITY Corporate Social Responsibility Report 48 Group Human Resources 55 Consumer Issues and Fair Operating Practices 56 CORPORATE GOVERNANCE Corporate Governance Framework 60 Report of the Directors 71 Our Directorate 74 FINANCIAL STATEMENTS Statement of Directors’ Responsibility 82 Independent Auditors Report 83 Consolidated Statement of Profit or Loss and Other Comprehensive Income 88 Consolidated Statement of Financial Position 89 Consolidated Statement of Changes In Equity 90 Consolidated Statement of Cash Flows 91 Group Accounting Policies 92 Notes to the Consolidated Financial Statements 110 Company Financial Statements 159 OTHER Notice of Annual General Meeting 172 Group Details 173 Form of Proxy 174 1 CBZ HOLDINGS LIMITED / INTEGRATED ANNUAL REPORT 2017 GROUP SALIENT FEATURES Financial Highlights Total Assets
[Show full text]
CBZ Bank Upgraded to A
CBZ Bank upgraded to A GCR upgraded CBZ Bank Limited’s (“CBZ”) long-term naional scale US$ rating to A+ (Single A plus), which is one notch up from the previous rating of A (Single A). CBZ is a wholly- owned subsidiary of CBZ Holdings Limited (CBZH), which was incorporated in June 2005. The largest shareholders include the government of Zimbabwe with 16.1%, followed by Libyan Arab Foreign Bank (14.1%), Renaissance Capital (13.6%) and NSSA (10%). CBZ offers a wide range of commercial banking products and services to the retail and corporate markets. CBZ is the largest commercial bank in Zimbabwe, having gained significant market share, with its major competitors continuing to adopt a cautious approach to asset accumulation. Being partly government owned has benefited business flows. The bank enjoys substantial financial flexibility, with its strong brand and local listing supporting its perceived “safe haven” status among depositors. The bank continued to be a major beneficiary of deposits post dollarisation, reflecting a considerable increase in its depositor-funding base during F10. The bank has also benefited from strategic alliances with the corporate sector and its ability to source government deposits through parastatals and ministries. Supplementing depositor funding, CBZ has secured off-shore lines of credit from the African Export-Import Bank and PTA Bank totalling US$70m as at FYE10. On 1 April 2010, the Group announced its plan to merge CBZ Building Society (“CBZ BS”) with the bank as part of a process to rationalise operations and maximise profitability. To date, although the bank and society have been operationally integrated, management are required to maintain separate financial statements pending conclusion of legal & regulatory procedures.
[Show full text]
ZSE in False Start As New Month Commences… in This Weekly
EFE RESEARCH – Weekly Market Review Members of the Zimbabwe Stock Exchange Weekending 04.09.15 In this Weekly ZSE in false start as new month commences… Market Highlights P1 A rallying start to the new month faltered in the penultimate sessions of the week to see the market succumb to yet another loss. Spats of demand largely buoyed by foreign buying emerged earlier in the In the News P4 week to breathe some excitement into the market though it was weathered as the week progressed. Disclaimer P6 Consequently trades subsided to the now common levels of less than $500,000 worth per session and with it the market trended south. The corporate scene was awash with activity this week highlighted by the BNC annual general meeting where all former Mwana Africa proxies on the nickel miner’s board were removed as the new major shareholders in the latter move to have their interests fully represented in the group and subsidiaries. Fellow mining group Zimplats reported a 21% drop in output for its F15 financial year owing to the collapse at its Bimha mine that resulted in loss of production. Meanwhile interest in local investments continued to show from foreigners with Africa’s richest man, Mr Dangote, visiting the country while Tanzanian multi-national Bakhresa Group is reportedly set to acquire the entire shareholding of Blue Ribbon Industries after creditors approved its proposed $40 million capital injection. Losses extend… Contacts: Indices Edgeton Tsanga 0772277153 Previous Current Change (pts) % Change YTD % Industrial 135.53 134.85 0.6800 0.50 17.16 Chris Masendeke 0772135234 Mining 35.34 32.97 2.3700 6.71 54.02 Phenias Mandaza 0772144334 Coreen Madanha 0772144333 Despite the ray of interest by foreign investors in Zimbabwe and the equities market, the selloff prevailed to see the main stream Industrial Index shed 0.5% and settle at 134.85pts.
[Show full text]
Notice to Shareholders
Notice to Shareholders Dividend Declaration Notice is hereby given that the Board of Directors declared a final dividend of NoticeRTGS$120 000 000.00 to (22.987 Shareholders RTGS cents per share) for the year ended 31 December 2019 payable in respect of allCoronavirus the ordinary shares of CBZ (Covid-19)Holdings Limited (the Company). This Delaydividend in will publication be payable in fullof toAudited all Shareholders Financial of the StatementsCompany registered as at the close of forbusiness year on ended 17 July 312020. AdviceDecember 2019 for the Public CoronavirusWash (Covid-19) your hands frequently The payment of the dividendRegularly willand thoroughlytake place cleanon or your about hands 31 with July an 2020.alcohol-based The applicable The Board of Directors (the “Board”) of CBZ Holdings Limited (the “Company”) wishes to shareholders’Advice tax forwill behand deductedthe rub orPublic fromwash the them Gross with Dividends. soap and water. advise its shareholders that the Company was not able to publish its Audited Financial Wash your hands frequently Statements for the year endedMaintain 31 Decembersocial distancing 2019 (the “Financial Statements” on or beforeRegularlyThe shares 30 and April of thoroughly the2020. Company clean your will handsbe traded with an cum-dividend alcohol-based on the Zimbabwe Stock Exchange up handto the rub market or wash day them of with14Maintain July soap 2020 and at water. leastand ex-dividend 1 metre (3 feet) as from distance 15 July between 2020. yourself and anyone who is coughing or sneezing. TheMaintain Company social is distancing yet to reach an agreement with its External Auditors on the accounting Shareholders are requested to submit their updated mailing and banking details to: forMaintain legacy at debtsleast 1 andmetre this (3 Avoidhasfeet) resulted distance touching inbetween the eyes, delay yourself nose in publication, and and mouthanyone whoof the Financial Statements.is coughing or sneezing.
[Show full text]
2019 Integrated Annual Report Performance Highlights
2019 INTEGRATED ANNUAL REPORT PERFORMANCE HIGHLIGHTS OPERATIONAL PERFORMANCE RATINGS AND ACCREDITATIONS Delivered Externally rated: DBSA foreign currency rating is Baa3 (Moody’s) R37 billion A+ rating from AADFI PSGRS in total infrastructure, unlocked Global Environmental Facility accreditation Green Climate Fund EU 6-pillar accreditation Total disbursements of R9 billion Projects to the value of R6.8 billion ACCOLADES AND AWARDS reached commitment stage African Renewable Energy Programme Award, from Project Finance International for project financing of Funds catalysed to the value of over 14 renewable energy projects in Round Four of the REIPPPP, including the Sirius Solar, Dyasons Klip 1 and 2 photovoltaic projects developed by Scatec Solar. Throughout our 2019 Integrated Annual Report, the following R16.8 billion icons are used to show connectivity between sections. Delivered GOVERNANCE Indicates a page reference for further Indicates a website reference where information which can be found elsewhere R3.5 billion more information can be found. in infrastructure implementation support Unqualified audits received since the in this reporting suite. inception of the DBSA Zero fruitless and wasteful expenditure R0.9 billion during the financial year under review Infrastructure unlocked for under-resourced municipalities A strong, ethical and diverse Board OUR STRATEGIC OBJECTIVES DEVELOPMENT IMPACT 2 Sustained growth in Providing integrated developmental impact infrastructure solutions Maintain financial Sustainability sustainability innovations
[Show full text]
WEEKLY AFRICAN FOOTPRINT TRADING This Week’S Leading Headlines Across the African Capital Markets
SECURITIES AFRICA PAN-AFRICA RESEARCH & CAPITAL MARKETS WEEKLY AFRICAN FOOTPRINT TRADING This Week’s Leading Headlines Across the African Capital Markets We have included summaries for the countries listed below, please click on the country name should you wish to navigate to it directly: Botswana Mauritius Egypt Nigeria Ghana Tanzania Kenya Zambia Malawi Zimbabwe AFRICA STOCK EXCHANGE PERFORMANCE CURRENCIES WTD % Change YTD % Change 25-Apr-14 2-May-14 WTD % YTD % Cur- Country Index 25-Apr-14 2-May-14 Local USD Local USD rency Close Close Change Change Botswana DCI 8890.16 8848.28 -0.47% 0.25% -2.27% -1.84% BWP 8.67 8.61 - 0.72 - 0.43 Egypt CASE 30 8294.88 8308.15 0.16% 0.32% 22.49% 21.55% EGP 6.98 6.97 - 0.16 0.77 Ghana GSE Comp Index 2276.12 2255.27 -0.92% -1.67% 5.13% -11.67% GHS 1.87 2.81 0.77 19.03 Ivory Coast BRVM Composite 239.85 229.85 -4.17% -3.75% -0.94% -0.08% CFA 474.65 472.57 - 0.44 - 0.86 Kenya NSE 20 4956.78 4959.91 0.06% -0.14% 0.67% -0.01% KES 85.49 85.66 0.21 0.68 Malawi Malawi All Share 13087.48 13089.06 0.01% 1.38% 4.45% 11.34% MWK 392.38 387.08 - 1.35 - 6.18 Mauritius SEMDEX 2082.25 2065.18 -0.82% -0.43% -1.46% -1.05% MUR 29.01 28.90 - 0.39 - 0.41 SEM 7 407.35 404.77 -0.63% -0.24% 0.28% 0.69% Namibia Overall Index 1109.87 1123.69 1.25% 2.13% 12.71% 12.58% NAD 10.59 10.50 - 0.86 0.12 Nigeria Nigeria All Share 38898.14 38572.20 -0.84% 0.00% -6.67% -6.25% NGN 160.17 158.82 - 0.84 - 0.45 Swaziland All Share 284.32 284.32 0.00% 0.87% -0.47% -0.59% SZL 10.59 158.82 - 0.86 0.12 Tanzania TSI 2988.22 3012.36 0.81% 0.79% 5.94%
[Show full text]
The Daily Economic and Business News Update, Friday, 14 June 2019
Group Corporate Strategy ZB Financial Holdings Limited 1st Floor, 21 Natal 21 Natal Road, Belgravia, Box 3198, Harare Tel: +263 (0)8677002001 The Daily Economic and Business News Update, Friday, 14 June 2019 Foreign Currency, Money, Equities & Commodities Markets Overview Foreign Currency Markets International Stock Markets Year–On-Year Inflation Rates Currency 14-06-19 13-06-19 Index 13-06-19 12-06-19 Change Country Rate USD/RTGS 6.0000 6.0000 Dow Jones 26,106.77 26,004.83 +0.39% Zimbabwe 75.86%Apr USD/ ZAR 14.8473 14.9121 NASDAQ 7,837.13 7,792.72 +0.57% South Africa 4.4%Apr Apr EUR/ USD 1.1276 1.1298 FTSE All Share 4,022.84 4,024.80 -0.05% Malawi 9.1% GBP/USD 1.2673 1.2681 Nikkei 225 21,101.86 21,014.55 +0.42% Zambia 16 8.0% May USD /BWP 10.9409 10.8932 DAX 12,169.05 12,115.68 +0.44% Botswana 2.5% Apr Old Mutual Implied Exchange Rates Mozambique 2.42%May Currency 13-06-19 12-06-19 May 2019 Apr 2019 Mar 2019 Feb 2019 Namibia 4.1% May USD/ZWL 9.4462 9.4034 9.7191 6.1291 5.4150 4.4057 Kenya 5.49% May ZWL/ZAR 1.5639 1.5914 1.2609 1.2938 1.3073 3.1868 Ghana 9.5% Apr Regional Stock Markets Nigeria 11.37%Apr Index 13-06-19 12-06-19 Change Interest rates 13-06-19 Brazil 4.66%May ZSE Industrial Index 668.49 646.85 +3.35% SARB Prime Rate 10.25% China 2.7%May ZSE Mining Index 248.51 248.51 0.00% BOB Prime Rate 5.00% Canada 2.0%Apr ZSE All Share 200.22 193.81 +3.31% LIBOR One Month 2.411% Germany 1.4%May JSE All Share 58,697.63 58,710.55 -0.02% LIBOR Three Month 2.428% Australia 1.3%Apr Ghana SE-CI 2,414.11 2,422.68 -0.35% LIBOR One Year 2.333% U.K.
[Show full text]
Final Annual Report 28
Annual Report TABLE OF CONTENTS 1. GROUP SALIENT FEATURES 2 2. GROUP STRUCTURE 3 3. CHAIRMAN’S STATEMENT 4 4. GROUP CHIEF EXECUTIVE OFFICER’S REPORT 7 5. MANAGING DIRECTOR’S REPORT – CBZ BANK LIMITED 9 6. MANAGING DIRECTOR’S REPORT – CBZ BUILDING SOCIETY 11 7. MANAGING DIRECTOR’S REPORT – CBZ ASSET MANAGEMENT (PVT) LTD 13 8.MANAGING DIRECTOR’S REPORT – OPTIMAL INSURANCE COMPANY (PVT) LTD 15 9. ANALYSIS OF SHAREHOLDERS 17 10. CORPORATE GOVERNANCE STATEMENT 18 11. STATEMENT OF DIRECTORS’ RESPONSIBILITY 21 12. REPORT OF THE DIRECTORS 24 26 13. REPORT OF THE INDEPENDENT AUDITORS 14. FINANCIAL STATEMENTS: CONSOLIDATED INCOME STATEMENT 28 CONSOLIDATED BALANCE SHEET 29 CONSOLIDATED STATEMENT OF CHANGES IN EQUITY 30 CONSOLIDATED CASH FLOW STATEMENT 31 15. GROUP ACCOUNTING POLICIES 32 16. NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 44 17. RISK MANAGEMENT REPORT 61 18. COMPANY BALANCE SHEET 67 19. NOTICE TO MEMBERS 68 20. SHAREHOLDERS’ CALENDAR 69 21. COMPANY DETAILS 70 CBZ Holdings 2008 1 Annual Report GROUP SALIENT FEATURES Historical Cost 2008 2007 2006 $ ‘Quint $ ‘Quint $ ‘Quint Total assets 5 467 558 - - Total net advances 431 124 - - Impairment losses on advances 9 803 - - Gross advances 443 198 - - Total deposits 1 390 280 - - profit after taxation 975 081 - - Capital adequacy (%) – CBZ Bank 22.20 18.60 32.80 Capital adequacy (%) – CBZ Building Society 65.00 51.00 61.00 Headline earnings per share ($’ trillion) 1 426 - - Dividends per share (cents) - - - Dividend cover (times) - - - Return on average assets excluding acceptances (%) 35.67
[Show full text]
Industrials Gain As Heavies Rise…
EFE RESEARCH – Weekly Market Review Members of the Zimbabwe Stock Exchange Weekending 17.03.2017 Industrials gain as heavies rise… Previous Current Change %Change YTD % Industrial 135.36 137.47 2.1100 1.56 4.88 Mining 53.66 53.59 0.0700 0.13 8.41 Resurgent demand in market heavies propelled the benchmark Industrial Index to a rise for the week as demand continued to return to the market. The industrials put on 1.56% week on week and settled at 137.47pts and in the process narrowed the year to date loss to 4.88%. The less active Mining Index retreated 0.13% week on week and closed at 53.59pts following losses in coal miners Hwange; on a year to date basis the index is down 8.41%. Meanwhile, the tobacco selling season opened this week with the golden leaf highly anticipated to ease the country’s foreign currency shortages that have seen a significant backlog in international payments due to the depletion of Nostro Account balances. Companies continued to release results in the ongoing reporting season with Innscor and its subsidiaries Colcom and National Foods being the highlights of the week. Weekly Risers % The bullish sentiment that prevailed in the industrials was underlined RISERS PRICE Change by the dominant count of rising counters which came in at seventeen ECOLAS.ZW 0.0430 79.16 against a mere seven fallers as the market established a positive ZBFH.ZW 0.1050 64.06 breadth. The Econet LA’s led the market charge with a 79.16% surge GBH.ZW 0.0010 25.00 that took it them to $0.0430.
[Show full text]
Table of Contents CBZ HOLDINGS LIMITED
CBZ HOLDINGS LIMITED Table of Contents Group Details 2 Group salient features 4 Group Structure 5 Analysis of Shareholders 6 Chairman’s Statement 8 Group Chief Executive Officer’s Report 10 GROUP REVIEW Managing Director’s Report-CBZ Bank Limited 12 Managing Director’s Report-CBZ Asset Management (Private) Limited 14 Managing Director’s Report-CBZ Insurance (Private) Limited and CBZ Life (Private) Limited 16 Report of the Independent Actuary 19 Corporate Social Responsibility Report 20 Corporate Gorvenance Statement 26 Statement of Directors’ Responsibility 31 Report of the Directors 32 CORPORATE CORPORATE GOVERNANCE Board of Directors 33 Report of the Independent Auditor 40 Consolidated Statement of Comprehensive Income 42 Consolidated Statement of Financial Position 43 Consolidated Statement of Changes in Equity 44 Consolidated Statement of Cash Flows 45 Group Accounting Policies 46 Notes to the Consolidated Financial Statements 62 FINANCIAL STATEMENTS FINANCIAL Company Financial Statements 100 Notice to Members 108 Shareholders’ Calendar 109 OTHER 1 CBZ Holdings Limited Annual Report 2012 1 Corporate Information REGISTERED OFFICE 5th Floor, Union House 60 Kwame Nkrumah Avenue Harare, Zimbabwe Telephone: (263-4) 748 050 - 79 Email: [email protected] Website: www.cbz.co.zw TRANSFER SECRETARIES ZB Transfer Secretaries ZB Centre, Ground Floor Cnr First Street/Kwame Nkrumah Avenue P.O Box 2540 Harare, Zimbabwe LEGAL PRACTITIONERS Mawere & Sibanda Legal Practitioners 3rd Floor Chiyedza House 1st Street/ Kwame Nkrumah Avenue P.O Box CY 1376
[Show full text]
Cautionary Announcement
Cautonary NoticeNoticeAnnouncement to Shareholders to Shareholders Delay in publicatonDelayNotce inCoronavirus publicaton of Audited toCoronavirus of FinancialShareholders Audited Statements Financial(Covid-19) Statements(Covid-19) for year endedforFurther year 31 AdviceDecemberended to the 31Cautonary AdviceDecember 2019 for Statement the 2019 for issued Public the by the PublicBoard on 30 May CoronavirusCoronavirus2021, Washthe (Covid-19)Directors your handsWash of (Covid-19)frequently yourCBZ handsHoldings frequently Limited, advise shareholders Withdrawalthat CBZRegularly Holdings and RegularlythoroughlyofLimited, Cautonary and (“theclean thoroughly yourCompany”) hands clean Announcement with youris an in handsalcohol-based negotatons with an alcohol-based for a The Board of DirectorsThe Board (the of Directors“Board”) of(the CBZ “Board”) Holdings of CBZ Limited Holdings (the “Company”) Limited (the wishes “Company”) to wishes to hand rub or washhand them rub orwith wash soap them and withwater. soap and water. adviseAdvice its shareholdersadviseAdvice potentalfor its thatshareholders the thetransacton Companyfor Public that the thewas involving Company not Public able to wasthe publish not acquisiton able its Auditedto publish Financialof its sharesAudited Financialin a Shareholders are referred to the Cautionary Statements issued by StatementsWash your handsforStatementsWash thecomplimentary frequently year your ended handsfor the 31 frequently year December business, ended 312019 Decemberwhich (the “Financialif successfully2019 (the Statements” “Financial concluded on Statements” or may haveon or Maintain socialMaintain distancing social distancing beforeRegularly 30 and April thoroughlybeforeRegularly 2020.thea material 30CBZ andclean April thoroughlyHoldings your 2020.efect hands cleanon withLimited theyour an alcohol-based handsprice (the with ofCompany) anthe alcohol-based Company’s Board securites,during the the course full of hand rub or washhand themyearsimpact rub with or 2017,Maintain wash ofsoap which themand 2018 at water.
[Show full text]
Ex-Minister Mpofu Battles to Keep ‘Zabg Assets’: P3
EX-MINISTER MPOFU BATTLES TO KEEP ‘ZABG ASSETS’: P3 News Worth Knowing Stimulus package finally here: P9 October 01-07, 2020 ESTABLISHED 1969 @ FingazLive www.fi nga.co.w Facebook: The Financial Gazette Z$260 ZSE Report The ZSE All Share Index yesterday gained 3,46 percent to close higher at 1,638.17 Production points. Gains were helped by CBZ Hold- ings which strengthened by $8,7010 to close at $52,9. FBC Holdings was up by $1,5844 to end at $15.4 and Bindura Nick- el Corporation traded higher at $4,1002 after advancing $0.4002. Innscor Africa which published its 2020 financials this week rose by $0,2068 to settle at $19,8 costs vault while crocodile skin manufacturer Paden- ga gained by $0,0923 to $13,1. Turnover was $239,9 million on the back of a huge trade value in the bourse's biggest company by market capitalisation CBZ Holdings. Currencies (Bloomberg) % change USD:ZAR 16,8136 0,72 ◀ EUR:USD 1,1708 0,31 ◀ GBP:USD 1,2845 0,14 up as input ◀ ◀ USD: JPY 105,6700 0,01 Stock Markets ◀ ZSE All Share 1 638,17 3,46 ◀ Top 10 1 093,10 5,19 54 232,65 JSE ◀ 0,50 ◀ FTSE 100 5 904,36 0,12 costs surge Dow 27 452,66 ◀ 0,48 Commodities Gold 1 901,60 0,08 Tendai Kamhungira sequences because power is basic for every ◀ Platinum 886,22 0,08 Senior Staff Writer business, including ordinary people. ◀ “At companies in heavy manufacturing, Brent Oil 40,41 ◀ 1,51 ACTORY gate prices are set to rise such as mining and cement manufacturing, Grains (Grain SA) White Maize ZAR 3 342,00 ◀ sharply in the coming weeks and for example, the component of electricity 118,00 Soya ZAR 8 070,00 ◀ 163,00 months for many goods, in response costs as a contributing factor to the total F Wheat ZAR 5 020,00 0 to soaring production costs — including the costs averages between 20 and 30 percent,” recent whopping 50 percent power tariff economics professor Gift Mugano said.
[Show full text]