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Zimbabwe Fuel Problems To Continue Despite Reserve Bank Deal


Zimbabwe’s perennial fuel shortages are set to continue despite the US$50 million line of credit established in July with the French bank BNP Paribas, a top official of the National Oil Company of Zimbabwe has told parliament.

Noczim Chief Executive Zvinechimwe Churu told the energy committee that the fuel made available as a result of the deal was too little and arrived too late. He said only 62 million million litres of fuel have been imported since January, Churu said, whereas committee chief Joel Gabhuza said the country needs 192 million liters a month.

Gabhuza, member for Binga of the Movement for Democratic Change faction led by Morgan Tsvangirai, told reporter Patience Rusere of VOA's Studio 7 for Zimbabwe that the fuel squeeze will continue until more hard currency is available.

More reports from VOA's Studio Seven For Zimbabwe...

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