Vast Resources well-funded for projects

Tawanda Musarurwa Senior Reporter AIM – listed diversified miner, Vast Resources, says it is “well-funded” to implement its various projects going forward, including its Zimbabwean projects, the Eureka Gold Mine and the Heritage Concession of the Marange diamond fields. According to CEO Andrew Prelea, the group’s recent fundraising initiatives, together …

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China ready to seal investment deals

Bulawayo Bureau China has expressed readiness to seal investment deals with any local business, including the private sector, as part of its commitment to assisting Zimbabwe to grow her economy. Acting Chinese Ambassador to Zimbabwe, Mr Zhao Baogang, said this when he officiated at the signing of a business deal …

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‘Govt mineral specific policies to boost growth’

Ishemunyoro Chingwere Business Reporter Government is working on mineral specific policies for all key resources mined in the country as part of a broad strategy to grow the sector from its current state. President Mnangagwa has set a Vision 2030 target by which the country should attain upper middle-income earning …

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Govt mismanagement, profiteering elites destroyed Zim: Moss

GOVERNMENT mismanagement and profiteering elites have destroyed Zimbabwe’s markets for food and fuel while lying to the public about actual foreign currency on hand, a former United States government official has said. BY TATIRA ZWINOIRA Former Deputy Assistant Secretary of State for Africa relations, Todd Moss, who served in the …

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AG audits 10% of parastatals due to funding constraints

THE Auditor-General’s Office is facing budgetary constraints that have limited audits to 317 stations out of 3 320, raising alarm among parliamentarians. BY VENERANDA LANGA Members of the Public Accounts Committee (PAC), which is chaired by MDC Alliance legislator Paurina Mpariwa, said the AG’s Office was allocated $7,7 million in …

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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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