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Reserve Bank of Zimbabwe governor John Mangudya on Thursday told Parliament that blending of ethanol with fuel has been saving the country millions of dollars.
Mangudya appeared before the Joel Gabbuza-led Parliamentary Portfolio Committee on Energy, together with Energy minister Joram Gumbo, to speak on the fuel situation in the country. Legislators asked him to explain if there was enough ethanol in the country to supplement fuel imports. Said Mangudya::
Our fuel consumption patterns have been such that if we were to consume 50 million litres of fuel, we would mix it with ethanol and, therefore, make savings of about $10 million because we have 20% ethanol going into fuel.
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
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