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Mangudya equates fuel shortages to expanding economy.

Zimbabwe’s Central Bank Chief John Panonetsa Mangudya  said that the fuel shortages in the country are a result of a growing economy as he addressing Parliament. Mangudya made the remarks before the Parliamentary Portifolio Committee on Energy  and Power chaired by Uzumba Member of Parliament Simbaneuta Mudarikwa on Thursday, 7 March. He was responding to a question on the ongoing ...

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Mangudya promises to calm fuel shortage crisis

The governor of the Reserve Bank of Zimbabwe John Mangudya yesterday said the current fuel shortages will be calm by the end of the month, regarding the problem to delays in the processing of lines of credit and the lack of working capital by all companies. He said fuel shortages were not a result of lack of foreign currency, but ...

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Grace Mugabe and ZANU-PF big wigs abused ZINARA funds

The former first lady Grace Mugabe and other ZANU-PF big wigs are allegedly have went on a looting spree and stole over $1 million funds from the Zimbabwe National Roads Administration (ZINARA) when Mugabe was still in power. There were cases whereby ZANU-PF big wigs abused funds for their own personal use. The issue came into light when there was ...

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INNSCOR hike the price of bread.

INNSCOR Africa Limited has raised bread prices to $2.45 (wholesale) and $2.70 (retail) for a loaf at its subsidiary, Bakers Inn. The prices went into effect yesterday. The rise to $2.70 was from a previous price of $1.80 for the recommended retail price of bread per loaf of bread. In a letter to address the managing director of Spar, Terrence ...

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ZESA disappoints customers due to technical challenges

ZESA spokesperson Fulland Gwasira on the 4th of March said the organization was facing a technichal problem whereby people were failing to buy electricity. In a statement ,Gwasira said they are working on fixing the problem. “It’s country wide .We are working to fix the challenge, which has affected Econet’s Eco Cash (mobile money transfer facility) and we are investigating ...

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ZUPCO urban fleet depletes despite Transport Minister’s assurance.

ZUPCO buses go missing on roads as fuel prices go high, leaving Zimbabwean’s stranded without transport to take them to their destinies. In a statement, Hon July Moyo applauded ZUPCO for a good job of transporting Zimbabweans at a cheap price which is conducive for the citizens. “The Committee that has been set up which involves other stakeholders has been ...

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Potraz debates on problems it is facing

 Telecommunications Regulatory Authority of Zimbabwe (POTRAZ) today held a consultative workshop on Value Added Services (VAS) framework at Harare International Conference Centre (HICC). Speaking during the workshop, the Acting Director General of POTRAZ said the challenges that they are facing are mainly stem from lack of cooperation and fair play amongst the players in the value chain in particular network ...

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Zimbabwe Regulatory Energy Authority (Zera) to ban use of energy consuming appliances

  The Zimbabwe Energy Regulatory Authority is set to introduce a move to ban people from using electrical gadgets that ingest a lot of energy. This was said yesterday at a stakeholders meeting held in Bulawayo. In a statement, Engineer Samuel Zaranyika said the main benefit of the move is that there will be reduction in energy use and save ...

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Fuel crisis back again

The continuing of fuel shortages in the country  has resulted in the hiking of transport fares in high density locations. Yesterday in Harare many people were left stranded after commuter omnibuses (kombis) disappeared from roads and the few that were available increased fares by more than hundred per cent. In some parts of  Harare kombis were taking advantage of the ...

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Minister of Energy and Power Development Jorum Gumbo despises visible fuel queues

Minister of Energy and Power Development Jorum Gumbo dismisses rumors about fuel price increment. Gumbo said the country is not facing any fuel shortages since the country could afford purchasing it but some filling stations cannot afford to buy fuel as it being sold in foreign currency. Minister Gumbo seemed to be blaming motorist for panic buying which is causing ...

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