"A bond for
According to the company's prospectus, the initial
It was also earmarked for elevated water tanks with a capacity of 15 million litres at budget
The two projects would satisfy land development permit conditions and this was expected to enable commencement of land servicing on the low cost housing scheme.
These developments are expected to accelerate the rate of stand pre-sales, which would fund further development work..
Fidelity said it had earned
The group believes the
In terms of group performance, Fidelity said revenue during the interim period increased by 15 percent to
Mr Tamayi said that the group achieved underwriting surplus of
Profit during the period under review amounted to
The sharp decline in profits was due to fair value losses on the investment portfolio due to depressed prices on the ZSE.
Focus has been placed on enhancing strong business structures, reliable clientele, internal controls and information systems.
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