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‘Promote integrity, stability’

Conrad Mwanawashe Recently in Nyanga Financial institutions should engage in thorough due diligence exercises to understand their clients and mitigate the adverse effects of criminal economic activity and promote integrity and stability in financial markets. This will also counter other forms of organised crime. Organised crime is estimated to generate …

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Gold edges lower

LONDON. — Gold prices edged lower for a second session yesterday as trade tensions between China and the United States helped to boost the dollar and weaken the yuan. US President Donald Trump said on Friday that he was ready to impose tariffs on virtually all Chinese imports, representing a …

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Zim Resumes Diamond Auction

By Martin Kadzere Zimbabwe resumed diamond auction last week, but attracted fewer international buyers than expected, the Minerals and Marketing Corporation of Zimbabwe said. The auction – the third to be conducted this year – attracted 32 buyers mainly from Asia, the Middle East and Africa, MMCZ acting general manager …

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Farmers Rap ‘Rogue’ Gmb Officials

By Tawanda Mangoma Chikombedzi — Farmers in Chikombedzi have castigated the Grain Marketing Board for deliberately causing delays that have seen them waiting for several weeks to sell their grain at its various depots and sub-depots in the area. The affected farmers accused GMB officials in the area of working …

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This Won’t Be a Walk in the Park

The swearing-in today of Cabinet ministers appointed by President Mnangagwa last week marks an important milestone in the history of the Second Republic. The President’s “dream team” carries a heavy burden on its shoulders as it becomes the first Cabinet in the post-Mugabe era to lead the country in charting …

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Govt Declares Nine Sezs

By Tawanda Musarurwa Nine companies have been granted Special Economic Zone status in a development that will expedite Government’s drive to increase foreign direct investment (FDI) inflows. According to a Government Gazette published last Friday, the nine companies include Surewin Pvt Ltd; Iron Steel Company of Zimbabwe; Afrochine Pvt Ltd, …

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Zesa Under Fire Over Ecocash Purchases

The Zimbabwe Electricity Supply Authority (Zesa) has increased its minimum EcoCash prepaid electricity token to $10 from $2, much to the chagrin of customers who say the hike caught them by surprise. Consumers have in recent weeks been struggling to buy electricity via the mobile platform. Econet Wireless on Thursday …

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Measures to Reduce Accidents Tabled

By Walter Nyamukondiwa Stakeholders in road management and safety have tabled a raft of measures to reduce road carnage, including computerisation, turning the Traffic Safety Council of Zimbabwe into an authority and reviewing traffic fines. Other measures are the establishment of a Road Accident Fund to assist accident victims to …

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Govt Calls Chrome Miners to Order

The Ministry of Mines and Mining Development in the Midlands province has come up with a raft of measures to monitor chrome mining activities following the mushrooming of highway miners who are damaging road infrastructure, as well as putting the lives of people and animals at risk. The measures include …

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Economic Doomsayers Eat Humble Pie

By Prosperity Mzila Leader of the Movement for Democratic Change Alliance (MDC-A), Nelson Chamisa, huffed and puffed during his rallies, threatening to make Zimbabwe ungovernable, if the Zimbabwe Electoral Commission (ZEC) failed to pronounce him as the winner of the June 2018 harmonised elections. His exact words were “hakudyiwi rinopisa, …

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