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Govt set to ferry fuel by road

GOVERNMENT is considering bringing in fuel by road after Cyclone Idai flattened Mozambique’s port city of Beira linking the country’s fuel pipeline. The port, which houses the control room which pumps fuel into the pipeline, was the worst affected with reports suggesting that more than 90% of the city had …

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Nyaradzo eyes UK market

BY MTHANDAZO NYONI/FORTUNE MBELE LOCAL insurance group, Nyaradzo Life Assurance Company, says it intends to spread its wings into the United Kingdom (UK) this year as it seeks to widen its market reach, an official has said. Speaking at the unveiling ceremony of its partnership with Chicken Inn Football Club …

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Govt ponders taking over wetlands

BY MISHMA CHAKANYUKA Government is considering taking over all wetlands and classifying them as State land in a bid to promote their sustainable use and management. The southern African nation has approximately 1 271 wetlands, covering 3% of the total land area, but they are fast depleting because of massive …

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Environmental, Social and Governance Criteria: Summary Highlights

Responsible investing is widely understood as the integration of environmental, social and governance (ESG) factors into investment processes and decision-making. ESG factors cover a wide spectrum of issues that traditionally are not part of financial analysis yet may have financial relevance. This might include how good corporates are with water …

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Women can balance work, family: Research

In North America and Europe, the dual earner model is now more common than the male breadwinner model. Men and women no longer specialise in one role. Both are involved in paid work and care for children and elderly. The challenge of this juggling act is to maintain optimal performance …

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After Cyclone Idai: What next?

Jeffrey Gogo Climate Story President Mnangagwa has spoken of the need to undertake an exhaustive disaster mapping throughout Zimbabwe. The damage and loss caused by Cyclone Idai hasn’t only shredded hearts, but also exposed cancerous weaknesses in the country’s disaster response strategy, hence the President seeking a much finer understanding …

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Payments shall be in US dollars: IATA

Kudakwashe Mhundwa Business Reporter International Air Transport Association (IATA), a trade association which represents interests of the world’s airlines, has issued a directive to local travel agents that all remittances of amounts due to them will only be accepted in United States dollars. All payments accruing to airlines are routed …

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Natpharm given 48hrs to procure supplies

Fradreck Gorwe The State-appointed agent for the procurement, storage and distribution of medical supplies, the National Pharmaceutical Company of Zimbabwe (Natpharm), has been given 48 hours to approach the local market to procure the required medicine and sundries using RTGS dollars in a move meant to speed up the procurementprocess. …

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Dairibord doubles profits in 2018FY

BY MISHMA CHAKANYUKA Dairibord Holdings’ after tax profit increased more than two-fold to $6,48 million from $1,94 million in the full year ended December 31, 2018, driven by an increase in revenue. Revenue for the period grew by 28% to $126,44 million. Dairibord chairperson Josphat Sachikonye said the operating environment …

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Small-scale miners bemoan excessive fuel import fees

Small-scale miners say fuel import fees charged by the Zimbabwe Energy Regulatory Authority (Zera) are excessively high and prohibitive. Government recently liberalised the importation of fuel by big companies and organisations, saying they would use own free funds for fuel imports in a bid to ease shortages in the country. …

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