BUSINESS NEWS

Flo Petroleum fined for selling contaminated fuel

Ibhalabhala Private Limited, trading as Flo Petroleum, has been fined US$350 by Harare magistrate Mr. Gamuchirai Gore after being found guilty of selling contaminated fuel.Magistrate Gore ordered the ...

By Staff reporter | Published: 18 July 2025

BUSINESS NEWS

Zinara moves to equip, fuel road authorities

The Zimbabwe National Road Administration (ZINARA) has announced a bold new initiative to directly equip road authorities with essential resources to fast-track road maintenance and eliminate the cost...

By Staff reporter | Published: 05 July 2025

BUSINESS NEWS

Foreign investment fuels Matabeleland gold rush

A surge in foreign investment and exploration activity in Zimbabwe's Matabeleland region is being hailed by mining analysts as a strong vote of confidence in the country's mining sector. This renewed ...

By Staff reporter | Published: 29 June 2025

BUSINESS NEWS

Fuel tanker leaks thousands of litres near Umguza river

A potentially devastating catastrophe was narrowly avoided on Saturday when a fuel tanker carrying 37,000 litres of petrol and diesel was involved in a road accident along the Bulawayo-Harare Highway,...

By Staff reporter | Published: 24 June 2025

BUSINESS NEWS

Lake Kariba black market fish trade fuels illicit financial flows

A booming black market fish trade along Lake Kariba, driven by the illegal use of cheap twine nets, is undermining Zimbabwe's formal fishing economy and fuelling millions of dollars in illicit financi...

By Staff reporter | Published: 22 June 2025

BUSINESS NEWS

Mandatory radio licence risks fuelling Zimbabwe corruption

The recently enacted Broadcasting Services Amendment Act No. 2 of 2025, which makes it mandatory for all motorists to pay for a Zimbabwe Broadcasting Corporation (ZBC) radio licence before renewing ve...

By Staff reporter | Published: 11 June 2025

BUSINESS NEWS

Sakupwanya's company controversially paid US$4.2m for fuel

Zimbabweans reacted with anger and disbelief after it emerged that the Ministry of Finance authorised a US$4.2 million payment to Betterbrands Petroleum, a company owned by Zanu PF legislator Scott...

By Staff reporter | Published: 03 June 2025

BUSINESS NEWS

BCC 20,000 litre fuel scandal, manager suspended

A senior manager in the Bulawayo City Council's Fire and Ambulance Services Department has been suspended from duty amid allegations of siphoning over 20,000 litres of fuel over a three-year period, s...

By Staff reporter | Published: 21 May 2025

BUSINESS NEWS

US dollar weakness fuels surge in currency volatility

The dollar's descent is elevating the price of hedging currency trades around the world, breaking up a long-standing market conviction that costs tend to come down when the greenback weakens.The corre...

By Staff reporter | Published: 19 May 2025

BUSINESS NEWS

Mthuli Ncube hikes fuel levy

The Government of Zimbabwe has increased the Strategic Fuel Reserve Levy on petrol and diesel as part of a broader effort to safeguard national fuel supplies and price stability amid rising global mar...

By Staff reporter | Published: 14 May 2025

POLITICS

Mnangagwa, Chiwenga fights fuel primary election rigging

Zanu-PF's deepening internal power struggles are now erupting into public view, with mounting evidence that the ruling party is manipulating its own primary elections to marginalize rivals and entrenc...

By Staff reporter | Published: 12 May 2025

BUSINESS NEWS

Bulawayo leads in sale of contaminated fuel, says ZERA

Bulawayo has been identified as the city with the highest number of garages selling contaminated fuel in Zimbabwe, according to the Zimbabwe Energy Regulatory Authority (ZERA).ZERA CEO Edington Mazamb...

By Staff reporter | Published: 08 May 2025

BUSINESS NEWS

Land sales fuel Harare's Ardbennie rapid industrialisation

The once tranquil and tight-knit residential community of Ardbennie, located about 10 kilometers south of Harare's central business district, is undergoing a dramatic transformation. The quiet sounds ...

By Staff reporter | Published: 28 April 2025

Shortage of oil refineries haunts Africa as fuel prices rocket

A shortage of oil refineries across sub-Saharan Africa coupled with soaring crude prices because of the war in Ukraine has left countries dangerously short of fuel supplies, disrupting airlines and ca...

By Staff reporter | Published: 02 June 2022

BUSINESS NEWS

US$24m for fuel

The Reserve Bank of Zimbabwe (RBZ) has released US$23,89 million for the purchase of fuel to be sold in local currency for the week March 16 to 22. RBZ governor Dr John Mangudya made the announcement ...

By Staff reporter | Published: 18 March 2020

BUSINESS NEWS

No more need to queue for fuel

LOCAL company ezFuelapp.com has launched its first patent registered mobile application which enables Zimbabweans to purchase fuel online.  The mobile application is now available for download on...

By Staff reporter | Published: 22 October 2019

BUSINESS NEWS

Fuel prices remain unchanged

THE Zimbabwe Energy Regulatory Authority (Zera) said on Saturday that the country's fuel prices remain unchanged for this week, much to the relief of motorists used to weekly price increases. This i...

By Staff reporter | Published: 22 October 2019

TELECOMS & TECHNOLOGY

Govt to unveil electronic fuel monitoring

The government is fast pushing for the introduction of electronic monitoring devices for the petroleum industry as part of measures to reduce arbitrage opportunities in the fuel sector, Energy and Pow...

By Staff reporter | Published: 11 October 2019

BUSINESS NEWS

Business decries fuel price hikes

THE Zimbabwe National Chamber of Commerce (ZNCC) has expressed concern over continuous fuel price increases saying the trend was negatively impacting on production due to rising cost of goods and serv...

By Staff reporter | Published: 10 October 2019

BUSINESS NEWS

Empty fuel tanker explodes in Sakubva

WORKERS and clients at Sakubva's Green-market home industrial park were lucky to escape unhurt after an empty fuel tanker exploded on Sunday afternoon. The tanker was being welded in a backyard indust...

By Staff reporter | Published: 05 October 2019

BUSINESS NEWS

Zimbabweans face another fuel price hike

FINANCE minister Mthuli Ncube says government is set to increase the prices of electricity and fuel because the current pricing structure was no longer sustainable.Zimbabwe is currently battling a sev...

By Staff reporter | Published: 11 July 2019

INDUSTRIALS & ENERGY

Currency reforms expected to stabilise fuel sector

THE re-introduction of the Zimbabwean dollar is expected to bring stability to the fuel sector as Government tightens fiscal and monetary policies to ease pressure on foreign currency demand, National...

By Staff reporter | Published: 09 July 2019

BUSINESS NEWS

Govt mulls tracking system to plug fuel leakages

GOVERNMENT has started implementation of a tracking system to stem leakages in the supply of fuel that have exacerbated shortages that are being experienced in the country, a Cabinet Minister said yes...

By Staff reporter | Published: 03 July 2019

BUSINESS NEWS

Fuel crisis persists in Zimbabwe

THE country's fuel crisis is getting worse as long winding queues have begun to resurface across the country, a week after government banned the use of the multi-currency system.Deputy Energy minister...

By Staff reporter | Published: 02 July 2019

BUSINESS NEWS

'Dealers diverting fuel to black market'

UNSCRUPULOUS fuel dealers are allegedly diverting large volumes of the commodity to the underground markets, causing shortages on the market, the National Oil Infrastructure Company (NOIC) chairman Da...

By Staff reporter | Published: 27 June 2019
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