Zimbabwe’s Government has reached flexible payment arrangements with a unit of Trafigura Beheer BV and Independent Petroleum Group of Kuwait Ltd that will ensure it stabilizes supplies amid a foreign-currency shortage that threatens economic growth.
Energy Minister Joram Gumbo said Government has struck a deal to extend payment periods for gasoline supplies to as many as six months from 30 days. He said this enables Government to prioritize allocation of scarce U.S. dollars to strategic areas. Gumbo said the situation will not stabilise overnight.
More: Bloomberg
Zim ministers will never tell the truth.They are the best educated in the continent since they possess PhDs & degrees in lies.
What a bunch of dog shit lies. Lie after lie after lie from three assholes
Remember the 18 months supply minister. Is it finished already.
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