RBZ Has Bought Fuel Enough To Cover The Next Two Years- Energy Minister

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Energy Minister Joram Gumbo said Reserve Bank of Zimbabwe (ZRB) has paid for fuel supplies enough to cover the next two years, so there is no need for the public to panic.

Gumbo said this at Senate while during a Question and Answer session, social media reports of a pending increase in fuel prices were false. Said Charity Manyeruke:

I was invited by the President today (yesterday) to a meeting where there was the Reserve Bank of Zimbabwe governor Dr John Mangudya where I was shown several payments made by the central bank to procure fuel. I was shown payments that would cover the next 24 months.

More: Chronicle

Joram GumboReserve Bank of ZimbabweJohn Mangudya

Joram Macdonald Gumbo is a Zimbabwean politician who is a member of the ZANU-PF party. Gumbo is the Minister of Energy and Power Development. He is the Member of parliament for Mberengwa West Constituency. Gumbo was re-elected in the 2018 harmonized election after getting 10... Read More About Joram Gumbo

The Reserve Bank of Zimbabwe (RBZ) is the central bank of Zimbabwe. Its offices are located at number 80 Samora Machel Avenue in Harare. The Reserve Bank of Zimbabwe operates under the Reserve Bank of Zimbabwe Act, Chapter 22: 15 of 1964. The Act provides... Read More About Reserve Bank of Zimbabwe

John Panonetsa Mangudya is an economist and the current Reserve Bank of Zimbabwe governor. Mangudya, who sits on many local and international boards .He was made RBZ governor after the expiry of Gideon Gono's term in 2014. He had been CBZ Holdings Ltd Chief Executive... Read More About John Mangudya

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