BUSINESS NEWS

NocZim defaults on debt despite levying motorists

ZIMBABWE has defaulted on the National Oil Company (NocZim) debt, incurring nearly $90 million in penalties last year, despite raising an average $40 million annually through a fuel levy introduced to...

By Staff reporter | Published: 27 July 2017

INDUSTRIALS & ENERGY

'Noic plans $6 million ethanol depot'

The National Oil Infrastructure Company of Zimbabwe (Noic) is planning a $6 million ethanol storage facility at its main Harare depot, which will also complement other fuel assets such as Sakunda Ener...

By Staff reporter | Published: 07 June 2015
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