Court sets Friday for judgement on Zimbabwe election

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Yemi Kale, NBS Boss

===The National Bureau of Statistics says lending declined by N600.6bn, from N16 trillion in the first quarter of 2017 to N15.34 trillion, in the second quarter of 2018.

A report released recently by the NBS, revealed that credit to the private sector was down for six consecutive quarters following a decline in total loans granted by Nigerian banks to the sector.

=====Zimbabwe’s Chief Justice‚ Luke Malaba‚ sitting with a full bench of nine judges of the Constitutional Court‚ will hand down judgment on the country’s disputed presidential elections on Friday at 2p.m.

The incumbent‚ President Emmerson Mnangagwa‚ was declared winner of the poll with 50.8% of the votes while his opponent, Nelson Chamisa got 44.3% of the votes.

The 14-day provision allowable by Zimbabwean law for the top court to make a ruling on the election dispute will elapse on Friday.

====Uganda’s musician turned parliamentarian Robert Kyagulanyi, popularly called Bobi Wine, has enjoyed a brief reprieve from his traumatic detention by the military.

Kyagulanyi, was freed by a court martial over alleged illegal possession of firearms after the state dropped the three-count charge, but was re-arrested and charged with treason in Gulu Magistrates Court.

He has been remanded in Gulu Central Prison until 30th of August, when he will be arraigned in court.

====Trade war between the United States and China has escalated with the U.S imposing steep tariffs on another $16billion in Chinese goods.

The move triggered a swift tit-for-tat retaliation from Beijing, even as negotiators from both sides seek to soothe trade tensions.

The latest action completes the first round of $50billion-in-Chinese-products targeted by President Donald Trump with Beijing striking back at American products dollar-for-dollar at each step.

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