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Zambezi Gas doubles coal production

Zambezi Gas, a small coal miner in Hwange, has doubled production to 100 000 tonnes per month since it started operating nearly two years ago, the visiting Parliamentary Portfolio Committee on Mines and Energy was told. By VENERANDA LANGA in Hwange Its success contrasts sharply with the decline of the …

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Does bitcoin mining fuel climate change?

Climate Change Jeffrey Gogo A common mainstream media narrative is how bitcoin mining consumes a lot of coal-generated electricity, thereby fuelling climate change. Much less is said about electricity usage involving legacy, monopoly financial institutions like commercial banks. This bias is confirmed by a recent study that has received worldwide …

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Corporates lauded for CSR initiatives

Michael Tome Business Reporter DEPUTY Minister of Industry and Commerce Raj Modi has lauded local companies for partaking in Corporate Social Responsibility activities, without Government mandatory act, showing accountability to the well-being of the nation. Running under the theme “Fostering Corporate Social Responsibility in Zimbabwe to achieve a middle-income economy …

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Tens of thousands die of fake drugs in Africa

When Moustapha Dieng came down with stomach pains one day last month he did the sensible thing and went to a doctor in his hometown of Ouagadougou, Burkina Faso’s capital. The doctor prescribed a malaria treatment but the medicine cost too much for Dieng, a 30-year-old tailor, so he went …

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Funeral assurers defy IPEC directive

Golden Sibanda Senior Business Reporter JUST three out of a total of nine funeral assurance companies are compliant with regulatory minimum capital levels, which puts policyholders funds at risk in the event of an operator collapsing, the insurance industry regulator has said. Regulatory authority is worried that undercapitalised funeral assurance …

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Price Increases Dent Mutasa Roads Rehab

By Manicaland MUTASA district has this year received over $400 000 from the Zimbabwe National Road Administration (ZINARA) for the construction, rehabilitation and maintenance of at least six roads. Some of the projects, which started early this year and were expected to be complete by the end of this month, …

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Ncube Sets Privatisation Timelines

By Tinashe Kairiza Finacne minister Mthuli Ncube has set timelines for the disposal and partial privatisation of a number of state-owned enterprises, as part of a raft of measures to revitalise Zimbabwe’s fragile economy. A new audit report by Auditor-General (AG) Mildred Chiri has revealed that 23 insolvent parastatals are …

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Airzim-Zimairways Merger Talks Collapse

By Andrew Kunambura Merger talks between flag carrier Air Zimbabwe (AirZim) and the dodgy Zimbabwe Airways (ZimAirways) to create a merged state-run airline have collapsed after a nominee shareholder demanded to be paid US$2 million from government, it has emerged. Government announced last month that plans were underway to merge …

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Austerity Measures Set to Hit Hard Civil Servants

By Kudzai Kuwaza A raft of austerity measures government is mulling, which will, among other outcomes, lead to massive retrenchment, will hit civil servants hard and is contrary to President Emmerson Mnangagwa’s electoral campaign promise to create employment. The wage bill, which gobbles up 90% of government revenues, leaves very …

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