Govt Reaches Flexible Payment Arrangements With Fuel Importers in Bid To End Queues

Use EcoCash to buy NetOne & Telecel airtime online. Tap here

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

WhatsApp Discussions

Click to subscribe to a Pindula WhatsApp Group:
https://chat.whatsapp.com/F2VIx1B1EMwFLogfRx2uG6

If you find the group full, please notify us on +263 777 707 852 and we'll update the link.

4 comments

  1. Bayehluleka Reply

    Zim ministers will never tell the truth.They are the best educated in the continent since they possess PhDs & degrees in lies.

  2. Anonymous Reply

    What a bunch of dog shit lies. Lie after lie after lie from three assholes

Leave a Reply

Your email address will not be published.