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Car policy could help lower domestic pollution

Jeffrey Gogo Climate Story Global carbon emissions will this year rise 2,7 percent, as pollution from the transport industry surges, according to a new study by the Global Carbon Project (GCP). The increase is a lot bigger than the 1,6 percent reported in 2017. This dovetails with the World Meteorological …

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Diplomats pledge their commitments to Gender Equality

Eight Heads of Missions in Zimbabwe, the Charge d’ Affaires of the British Embassy, the resident Coordinator of the United Nations and the Regional Director for UNESCO Southern Africa joined on December 5 the HeForShe global movement for gender equality. The Heads of Missions included the Ambassadors of Australia, Canada, …

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TSCZ scales up efforts to reduce road accidents

Nesia Mhaka and Mazvita Chada The Traffic Safety Council of Zimbabwe (TSCZ) will be carrying out campaigns on the country’s roads as it scales up efforts ensure a reduction in road accidents during this festive season. The TSCZ’s acting director of operations Mr Ernst Muchena said the campaigns will start …

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US job growth slows

Washington. — US job growth slowed in November and monthly wages increased less than expected, suggesting some moderation in economic activity that could support expectations of fewer interest rate increases from the Federal Reserve in 2019. The Labour Department’s closely watched monthly employment report on Friday came against a backdrop …

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Economy rebasing to grow Zim revenue

Tawanda Musarurwa Senior Reporter The rebasing of the Zimbabwean economy has highlighted additional opportunities to grow revenue and also pointed to high levels of tax evasion, Finance and Economic Development Minister Mthuli Ncube has said. Government recently rebased the economy and subsequent changes of gross domestic product (GDP) numbers in …

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Potraz rules out additional operators

Zvamaida Murwira Senior Reporter The Posts and Telecommunications Regulatory Authority (Potraz) has ruled out the possibility of issuing additional licences for mobile operators, saying the country does not have the capacity to absorb more firms like other countries. Potraz director technical services Engineer Baxton Sirewu said Zimbabwe had to live …

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Non-life insurers profit jumps 52pc

Golden Sibanda Senior Business Reporter NON-LIFE insurers’ profit after tax jumped 52,34 percent to $16,34 million in the 12 months period to June 30, 2018 compared to the same comparative period the prior year, according the Pensions and Insurance Commission (IPEC)’s second quarter report for 2018 released this week. However, …

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IPEC endorses policyholder security

The proposed Policyholder Protection Fund for the insurance and pension industry is a welcome development as it will help assure policyholders that they will receive compensation due to them upon the occurrence of an insured event, the Insurance and Pensions Commission (IPEC) has said. The insurance and pension industry regulator …

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‘Allow fuel retailers to sell in foreign currency’

FUEL shortages have intensified in recent weeks leading to debate over the sustainability of continuing to have the imported product sold in bond notes and the real-time gross settlement (RTGS) system or electronic dollars. BY FREEMAN MAKOPA Officially bond notes are pegged at par with the greenback, but the reality …

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ZSE turnover down 22% in November

TURNOVER on the Zimbabwe Stock Exchange (ZSE) dropped 22,37% to $118,03 million in November from $152,05 million in October as lower volumes were traded on the local bourse. BY TATIRA ZWINOIRA The total volume of shares that were traded dropped 51,33% to 153,88 million shares from an October high of …

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