The high demand for fuel in the country has been attributed to booming production in industry by a business executive of a major fuel company.
The country’s fuel usage rose by 23 per cent between January and April this year, a development that Sakunda Holdings executive Everton Mlalazi said is an indication that local industry is thriving.
Speaking at an Africa Financial Services Investment Conference in London recently, Mlalazi said:
When we look at the fuel situation as a business, we don’t look at it as a supply-side problem, we look at it as a demand-driven challenge.
What the increase in demand means is that the government has opened up space for business and industry is now working.
When you look at the 130 million litres for April, what has increased there is not petrol which everyone uses but it is diesel which suggests that this is fuel for industry.
Mlalazi was part of a delegation to London that was led by the Minister of Information, Publicity and Broadcastings Services Monica Mutsvangwa.
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Sakunda Holdings is a privately owned Zimbabwean company in the commodities industry. It was founded and is majority owned owned by commodities businessman, Kuda Tagwirei. Sakunda Holdings has three distinct operating divisions namely Sakunda Energy, Sakunda Trading and Sakunda Logistics. The company holds a virtual... Read More About Sakunda Holdings
Monica Mutsvangwa is a Zimbabwean politician, Minister of Information and member of the Zimbabwe African National Union-Patriotic Front (ZANU PF) since she was 15. She is one of the numerous allies of Emmerson Mnangagwa who became triumphant during the intra-party fights which rocked ZANU PF... Read More About Monica Mutsvangwa